Quote from: TalkStar on November 03, 2020, 11:54:54 AM

Quote from: CryptoLordguru on November 03, 2020, 09:45:56 AM

The pattern is the same. The developer makes the project, collects some money and move on to the next one. The community comes to know about this, the price slowly goes down. In some cases, I have heard that the developer has disabled the staking, hence those staking or providing liquidity are then stuck. I suggest you to get out of this immediately and follow the pattern closely. You will notice. This kind of pattern can be seen to almost all defi he has created. The main question is why to make 10s of projects within 2 months time???

Based on current situation crypto investors are running after DeFi projects like they did few years earlier after ponzi projects. Actually scammers are taking advantage of this situation and launching multiple DeFi projects. We have seen that Defi projects price growth is quite surprising and its because of limited token supply. Through this they are creating a hyip and getting investors on their platform.

Personally i am observing some DeFi projects recent price history and i got nothing but sudden price bump or dump on some specifc exchanges. Craze of DeFi is going on and investors are following them to make good profits in a short time and i don't think its gonna continue for long.

I agree with you, it is not going to continue for long. The craze of defi is going on and hence, some scammy developers are feeding on this.