There is this excitement exhibit by presale and seed investors when they get in earlier to purchase their favourite token / coins (altcoins) with a discount enriched with a bonus for believe and soliciting the project when the aim and objectives were pen down.
DeFi was one of the trend that combat the traditional finance system when compound finance ( comp ), Yearn finance made success listing on Binance exchange, followed by the next big decentralized exchange Uniswap, with their tremendous increase in volume and easy access for new projects to make listing without third party as well as liquidity providers from investors.The DeFi buzzword peaked and other developers realized these opportunities which has birth hundreds of finance projects that range from staking, mining, liquidity providers and other new decentralized exchanges. In other to create hype and market manipulation, some developers created a little supply tokens in other to improve demand at all cost.
The primary objective of every investors who bought these tokens were to make at least 2x of their funds, but the road in fulfilling these dreams differs in every trends and projects due to some uncertainty associated with crypto has made many loose fortune.
This beg the question, how do traders and investors who buy tokens at euphoria stage with strong belief that the price will continue to surge move on?
Market happens in circle and when it collapse as unforseen circumstances, it takes time ( long period ) before they bounce back. It has happened to bitcoin, altcoins such as Ada, Ether, XRP and many others which took months before everyone began to buy back at it bottom. Yet, all time high has not been reach as a result of it been a speculative asset and volatility. I know the factors of 2017 ICO isn't similar to DeFi but this turmoil need to be carefully discuss.
The same scenario has happened to DeFi space and currently, some tokens are worthless without volumes, abandoned by developers / teams.
DeFi performance in the last 90 days, do you think DeFi worth it?
