Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: What is your favorite project these days?
by
Psynthax
on 21/08/2020, 07:30:09 UTC
Quote from: ibuddy122505 on August 20, 2020, 03:24:40 PM
Quote from: poodle63 on August 20, 2020, 12:56:03 PM
Quote from: daglordjames on August 20, 2020, 07:09:32 AM
well my favorite projects are that ones who have a good value so that i can get a higher profit.
Dude, all of the major coins were having very good value but can you take your profit easily from them all? in fact, you must also try to search the suitable position for yourself. You need to join in the market when the bearish trend was happening and that's the point. DEFI project are the favourite projects this time.
I have no doubt that DEFI project are the hotcake this time but we must aware in case it could be the repeat of 2017 ICOs. The similarity between 2017's ICO craziness and the decentralized finance (defi) fever that is going on right now.
I mean that kind of thing is considered a cycle in crypto space. the emergence of ICO, IEO and another that brings hype to many projects. You might think that some people are too bullish on DEFI project but they certainly know what they are doing. in 2017 the market gets dumped so hard after the hype because majority of investor dont have idea what they are doing.