SOL has already made massive gains this year, and I believe is primed to be the strongest ETH and BTC competetor. Thoughts on MNDE? Marinade is one of the biggest liquid staking DAO’s on solana, and looking to become the LIDO DAO of the solana network. Why wouldnt the line go up???
It’s mainly speculation, and I will agree that it is somewhat an ishcoin however compared to other coins out there MNDE does have utility. It is also heavily correlated to MSOL which is basically pegged to SOL. Logically someone would rather earn yield then just hold SOL, and therefore I think MNDE should also gain value as people try to access control over the treasury.
MNDE is correlated to sol but they have been losing value over time for a good reason