$FF (bearing) vs. $EDEN (bullish) – my thesis ↓ Both $FF and $EDEN experienced heavy post-TGE sell-offs with 70%+ declines, yet my outlook differs significantly. Critical difference is the valuation. • @FalconStable FDV: $1.79B (completely detached from reality) • @OpenEden_X FDV: $408M (reasonable for RWA sector) FF is trading at 4.4x EDEN's valuation despite having weaker fundamentals. This valuation gap is the primary reason for my different outlooks. $EDEN's launch structure was much better. • Smaller FDV & circ supply → Easier to absorb selling pressure • Real business model: Actual revenue from RWA products • Regulatory compliance: Licensed operations reduce regulatory risk Long-term, $FF's success depends on $USDf adoption, which requires: • User trust in synthetic mechanisms • Competitive yields vs traditional stablecoins • Regulatory acceptance of synthetic dollars All of these are uncertain. The important part here is that $EDEN has proven revenue streams – while $FF has no: • TBILL fund management fees • USDO stablecoin operations • RWA tokenization services These generate real cash flow. Recovery catalysts for $EDEN: • Fundamental value support at current levels • Institutional adoption pipeline • TVL growth momentum • Token utility development potential • Sector rotation into RWA tokens My price targets for the $EDEN position ↓ • Bear Case: $0.30-$0.40 (limited downside) • Base Case: $0.60-$1.00 (fair value recovery) • Bull Case: $1.50-$2.50 (growth premium) Hodling $EDEN. NFA ofc, I agree if you disagree.