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ELSA's TGE is today, make sure to follow up as promised.
A quick look at the project's fundamentals shows a current market cap of $28 million, with a fully diluted market cap of $122 million. The selling pressure from the first round of airdrops has basically been absorbed, and overall it remains relatively stable.
It is backed by a major compliant platform, and the involvement of such an institution often indicates a good chance of going public in the future. From this perspective, the current valuation is reasonable.
Honestly, I went out drinking with friends last night—just drinking, not thinking about trading cryptocurrencies. When I checked the project info after coming back, I bought some casually. Anyway, now I'm just waiting for the listing news and will see how it performs later.