With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?
The answer is NO. Simply because these tokens start from small circulating supply then later own increase until the max supply was reached. All start-up project has the tokenomics of releasing the total supply in tier throuh specific time table. This token manage to reach all time high when their token supply is at the lowest level. Right now most of them increased there total supply to optimum level which is the main culprit for the continuous price decline.
Unless this project has a deflationary mechanism to decrease the total will make reaching ATH again possible. DeFi hype is almost over due to scarcity of liquidity that coming from VC money. Banks are struggling which is the main source for capital so I doubt that DeFi will be prosperous again without the liquidity that they need.