What do you think about Yfdai ?

[YOSHIE]

Yes, YFDAI is still an ecosystem related to DeFi, YFI is also one of the DeFi ecosystems too, if you want to compare YFI and YFDAI, maybe YFDAI will be the next YFI, if you look at it in terms of current prices.
Comparison of why YFDAI could become YFI because of the current supply of coins available.
YFDAI only has a supply of 21,000 and YFI is only 30,000 which means less than YFI in terms of supply currently circulating in the market.

Strong suspicion, investors who used to trade YFI, will run to invest in YFDAI coin, most likely YFDAI has a high trading volume also in terms of price.

No wonder the DeFi project is currently a target for investors to take advantage of the project's coins, because the supply of coins they create is very limited compared to other coins circulating in the market today, That's the game of companies and investors who want to take advantage of today's crypto world, of what they are currently creating.

[bitcoingape]

Yes, YFDAI is still an ecosystem related to DeFi, YFI is also one of the DeFi ecosystems too, if you want to compare YFI and YFDAI, maybe YFDAI will be the next YFI, if you look at it in terms of current prices.
Comparison of why YFDAI could become YFI because of the current supply of coins available.
YFDAI only has a supply of 21,000 and YFI is only 30,000 which means less than YFI in terms of supply currently circulating in the market.

Strong suspicion, investors who used to trade YFI, will run to invest in YFDAI coin, most likely YFDAI has a high trading volume also in terms of price.

No wonder the DeFi project is currently a target for investors to take advantage of the project's coins, because the supply of coins they create is very limited compared to other coins circulating in the market today, That's the game of companies and investors who want to take advantage of today's crypto world, of what they are currently creating.

these two points actually interested me in to invest in Yfdai
1. Circulation is quite low just like YFI
2. It have direct corelation with bitcoin prices, & right now bitcoin prices is increasing like anything

[leea-1334]

YFDAI is just another copycat [1] of YFI and DAI (stable coins), the circulation supply is only 4.000/21.000 the token will have pump and dump scheme right now. If the developer increasing the circulation supply, the token will become worthless since getting major dump. I wouldn't be suprised if this token will become deadcoin when DEFI FOMO already over.

[1] https://bitcointalk.org/index.php?topic=5272213.0

Loads of copycats actually in the Defi space and why not since open source code is easy to just copy and paste. Problem here is that even the ones people recognize as good like sushiswap was a clone (directly clone too!) of Uniswap and everyone went for it regardless;)

[bitcoingape]

YFDAI is just another copycat [1] of YFI and DAI (stable coins), the circulation supply is only 4.000/21.000 the token will have pump and dump scheme right now. If the developer increasing the circulation supply, the token will become worthless since getting major dump. I wouldn't be suprised if this token will become deadcoin when DEFI FOMO already over.

[1] https://bitcointalk.org/index.php?topic=5272213.0

Loads of copycats actually in the Defi space and why not since open source code is easy to just copy and paste. Problem here is that even the ones people recognize as good like sushiswap was a clone (directly clone too!) of Uniswap and everyone went for it regardless;)

Yes sushiswap, mooniswap both were clones but people who were buying for two reasons
1. Just like uniswap have given airdrop, chances of sushiswap & mooniswap also
2. Shilling of these tokens on various platforms specially on twitter

[CashbackLover]

Risk managing is very important in crypto space to avoid losing everything, if you see any potential in the project you mentioned I suggest you invest very small money you can afford to lose, profit is profit no matter how small they are, and also do not rely too much on any DeFi projects, they are making trends but at the same time they are dangerous

[bitcoingape]

Risk managing is very important in crypto space to avoid losing everything, if you see any potential in the project you mentioned I suggest you invest very small money you can afford to lose, profit is profit no matter how small they are, and also do not rely too much on any DeFi projects, they are making trends but at the same time they are dangerous

At this moment i have made fresh entry in yfdai around $2800 fingers crossed, already have profit of 100-120 dollar
let see where it goes

[bitcoingape]

Guys what do you think

it have again break the price of $3200

would it be next yfi