Sushi the next YFI? What are your targets?

You might be seeing that the new hot farm on the block is currently Sushi among farmers. Many people say that with Sushi now being added to FTX, it has been unofficially audited, and got the approval from SBF himself.

How high do you think this can run with Sushiswap about to release in a weeks time. Currently the TVL numbers look very promising. What are your targets? Are you peasants ready?

Currently up 168.88% as we speak. I don't want to be overly negative, but I won't be surprised if this happens to be like the previously overhyped YAMs.

I could definitely see this being a decent short-term trade opportunity though.

https://coinmarketcap.com/currencies/yam/

SBF Alamaeda is the newest chef for sushi. https://twitter.com/SBF_Alameda/status/1302534617522556929
But for sure, it will still need time to gain more trust for sushi. But at least, with this new "good" chef (hopefully), sushi can can be served more well (both development progress and price).

It's been a shitshow since chefnomi decided to offload his bags. If not for the fact that SBF stepped in to save what was left, it would've been obsolete by now because people started shorting it the moment chefnomi made that tweet about selling his stash for eth. Right now, it's looking good and has since recovered at least 100% from the recent low. I don't know what's coming but with SBF in charge, I have a feeling that things will only get better for sushi.

I managed to catch a small bag before it ran back to $3. In the long run, I expect it to reach to reach its all time high and possibly $10 at least between now and the end of the year at least. But that's if the market doesn't take a nose dive like it has for the last couple of days.

Quote from: mk4 on September 01, 2020, 03:38:14 AM

High likely that it would really be following for those projects that do commonly being hyped up ex. DIA

source: https://coinmarketcap.com/currencies/dia/

It might not be still on the floor but we can already picture out when hype is gradually losing its fuel but as mentioned if people
can really risk it out then it their choice to play with fire on short term.Its a matter of choice.

Going to bump this real quick. This should be a lesson that you shouldn't be allocating significant amounts of money on such "DeFi" projects.

https://coinmarketcap.com/headlines/news/sushi-crashing-over-50-as-sushiswaps-lead-developer-sells-his-tokens/

This is why founder tokens of some anonymous team is such a red flag. Who knows when the other devs will pull out another exit scam.

Just stick with something that has "fundamentals" and not some copy-paste-edit projects from a GitHub fork.

SUSHI is crazy, and crazy things are often dangerous. I prefer to buy Bitcoin, although the income is small.

Quote from: stomachgrowls on September 06, 2020, 11:04:42 PM

Quote from: mk4 on September 01, 2020, 03:38:14 AM

High likely that it would really be following for those projects that do commonly being hyped up ex. DIA

https://i.imgur.com/iColFVv.png

source: https://coinmarketcap.com/currencies/dia/

It might not be still on the floor but we can already picture out when hype is gradually losing its fuel but as mentioned if people
can really risk it out then it their choice to play with fire on short term.Its a matter of choice.

So what do you mean exactly ? That hype over dia coin finished ?

Quote from: eros88 on September 07, 2020, 09:53:08 AM

SUSHI is crazy, and crazy things are often dangerous. I prefer to buy Bitcoin, although the income is small.

Potential profit from safer, long-term investments tend to be mostly lower as with bitcoin(compared to altcoins); but think about it. Bitcoin is much far less of a gamble compared to these so called "DeFi" projects. I'd rather go to a casino.