So many defi token with initial Y, what is use case in real life thats YFFIC will be usefull? so my conclusion is this defi trend bring so many project thats have pump and dump scheme, its better than ICO but the risk is too high if you want to invest.
yes, all are competing to look for opportunities while others are successful and following at least there is feedback and confidence from investors that the possibility will also succeed with a proven one. but of course there are many risks that will be experienced because it turns out that not all defi are successful and it is the same as other projects during the ICO or IEO. just because the moment there is a sharp increase it is used as a reference that will also succeed.