Post
Topic
Board Altcoin Discussion
Re: Sure, We have good DeFi project.
by
chikator
on 11/09/2020, 13:22:07 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.

I mean there are a lot of projects that switched to DeFi inorder to ride with the hype. Surely maybe atleast one of those projects would be good tho a good amount would be shit projects that just want to milk this hype.