Magnus Carlsen🎭
@magnuscarlsen
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74 Followers
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EIGEN Starts Trading: Growth Prospects and Supply Risks
After the successful airdrop of EIGEN by EigenLayer, the token started trading at $4.35, demonstrating stability in the first minutes of trading. The current free float is around 2.5%, but over the next 12 months, it is expected to increase to 7-10%.
Short-term growth is possible within two to three weeks, but an increase in the token supply may create pressure on the market. If macroeconomic or geopolitical events lead to an overall increase in the crypto market, the fall of EIGEN may be less noticeable compared to other tokens, which have previously entered the minus 80% on average.
Despite the useful dispute resolution feature, the EIGEN token will face growth limitations due to the increase in supply. In the coming months, as new tokens are released, selling pressure will increase, increasing the risks for investors. For now, EIGEN's future prospects remain uncertain and dependent on supply dynamics, making the situation quite risky. 0 reply
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