Seeing the development of new projects that have sprung up recently has people experiencing a motion of no confidence in crypto. because many projects do not have good long-term prospects. they just want to get profit alone regardless of the losses of others and do not develop it. have you ever thought that
what is your opinion?
The trend has now shifted to Defi. All shit projects now add Defi to their name just to seek attention from investors but the truth is, only few will survive. While some has performed awesomely like Link as an oracle, some decentralised exchange tokens like KNC, Band and BNT are the only Defi that deserve some accolades. The rest is pump and dump.
Recently failed were Yam and Spaghetti project, I weap for some investors for not doing proper research as this project were not properly audited.
Can'r stress this enough. I completely agree with the OP. Wait for the market to collapse and you will see the defi projects falling like a pack of cards.(at least the opportunistic ones).