Right now ERD is retesting the resistance level and is about to close the day above it. If so, it will have a clear path to 300+ sats, in my opinion.
Note that the mainnet is very close and the CEO announced in the AMA on Friday that new economics & products are coming along with the mainnet launch.
Also, since today, the equivalent of ~$95 mil. in ERD is locked in the delegation smart contract and the withdrawals are closed until the mainnet. So, a huge potential selling pressure is gone for the moment.
Note that the mainnet is very close and the CEO announced in the AMA on Friday that new economics & products are coming along with the mainnet launch.
Also, since today, the equivalent of ~$95 mil. in ERD is locked in the delegation smart contract and the withdrawals are closed until the mainnet. So, a huge potential selling pressure is gone for the moment.
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