I initially wanted to include $ENA in the comparison.
But it didn't fit my narrative, lol.
Surprisingly, $ENA trades at a low MC (1.3x multiple) and is 20% cheaper than EIGEN's FDV, despite having a clearer product-market fit and strong adoption.
A better bet than EIGEN?
Although it also lacks a strong speculative narrative and suffers from a "VC, low-float, high FDV token" curse.
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