Post
Topic
Board Altcoin Discussion
Re: Sure, We have good DeFi project.
by
Iyanu14
on 04/09/2020, 15:10:48 UTC
Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

Hhmmm...your opinion is respected.  However, if you have invested in this YFI when it was $35, it would have been another testimony or story today.  There are hypes or manipulations about one project or the other, despite that, some coins are worth putting a whole lots of investment on them if discovered at a ridiculous or small price, such project is that of YFI.  Before every hype is bursted, I tell you, things would have changed better for you.  But as it is now, because of the high price, I don't think it will be logical investing in such a new project now.