Whats your opinion of rebase coins?
I have a feeling they could really boom huge like a fad in a super bull run if we get one like in 2017 in 2021 or 2022.
I suspect many people new to the space, who don't even understand Rebase coins and just see the number of coins in their wallet going up will think they're cool, and FOMO into them.
On the other side of it I actually don't see any real practical use for them, and they don't really seem to do what developers imply they're intended to imo.
They essentially just shift the volatility away from the price of the coin to the supply, which fluctuates instead, and the value of your holding will simply go up and down according to its marketcap just like any other coin.
Currently the most popular rebase coins in the markets are AMPL, BASE, BAC, YAMV3, and currently, I am just trying to gain some profit from BASE. As I know rebase coin has an elastic supply which will increase or decrease to adjust with targeting price. But with BASE what I have faced is its price never stays with its targeting price. A negative rebase reduce the supply but the token price still shows high volatility. That is why many investors lose their 90% holding assets.