The first thing that caught my attention is the absolute order in the wallets; you rarely see that. There are no whales, no holders with more than half of the coins, in the top holders, vesting wallets, exchanges, staking. By the way, note that the second top holder is the South Korean exchange Upbit, and there the coins are traded only on the spot, and the spot serves as support.
And after that, I started looking for information about the coin itself to understand what $ENSO is 🤔
This asset is trying to become a universal 'translator' for all existing blockchains.
1️⃣Why is this needed? To simplify life for developers when they create any project, they need to adapt to the network, for example, $ETH or $SOL , and product development can take years, while ENSO wants to solve this issue, reducing integration time with each network by offering its ready-made blocks ('Shortcuts'). Thus, the developer writes the code once, and ENSO adapts it to the required network. Development time has been reduced from six months to several weeks.
2️⃣Risks for buyers: The technology may be very good, but it makes no sense if developers choose competitors like Chainlink or Polkadot, meaning that at this moment ENSO is fighting for a place in the sun.
3️⃣Difficulties: Using complex off-chain infrastructure creates risks of hacks and bugs, which is critical for infrastructure of this scale.
4️⃣The token is supported by top funds Polychain, Multicoin
4️⃣It is also encouraging that the community receives a significant share, and the team's tokens are frozen, which protects the price from coin dumping.
💡In general, the token is promising, there is a great potential for growth, but it all depends on whether it will be used for its intended purpose. At the moment, everything depends on projects and developers, as there are alternatives to ENSO. Purchasing may be risky.
Personally, I was attracted by its chart; I noticed this coin at a price of 0.63 and there was a chance to buy, but it was already night and gathering information would take a long time 😔 There had already been a sharp rise, and entering a deal without knowledge is dangerous.
