Why I am buying Connext (NEXT)?
During my investigation of bridges, I discovered the Connext Network project (https://www.connext.network/).
Project Opportunities:
The project is actively developing.
Actively promoted by Forbes (founders listed in the 30 under 30 in finance).
High Tweet Score - over 250 points.
Support from tier 1 funds.
My assessment of the current token price is around $0.06 - three times the current price.
Unlocks begin in September 2024 for the team and bakers.
Strategic investors entered at a price of $0.25.
The token did not participate in the rally of the previous bull cycle.
Risks:
The token has already grown threefold since the pre-sale.
Top exchanges are not rushing to list the token - currently, it can only be purchased on HTX and Bybit.
Conclusion:
My assessment assumes that in the worst-case scenario, the token could fall to a price of $0.06, three times the current price. I see the exit point at 10. I will exit at 25% at $2, at 25% at a price of 5, and 50% at a price above 10.
Entering with 2% of invested capital in two rounds - today with 1% and next week with 1%