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Author Topic: Sure, We have good DeFi project.  (Read 681 times)
NewRanger
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September 19, 2020, 04:10:09 AM
 #81

What happens with YFI was totally unexpected. I don't think anyone in the crypto world would have guessed that any cryptocurrency price will be higher than BITCOIN. I think the only thing that makes this token so valuable is its low supply and high demands. That makes this token price so much volatile and risky at the same time.
crypto currency market going crazy now, not only YFI that surprised us about price there are many token price increasing extremely . its trend for new altcoin not existing altcoin. look like investors now courage to speculate in crypto market to earn huge gain in only few days.
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hungryforapples
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November 18, 2020, 04:17:45 PM
 #82

Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

"a young project simply physically can't create such a real value in such a short period of time" - I have to disagree with this. It's unlikely, but revolutions happen. Just take a look at YFSwap (DeFi based on BTC and ETH) or Uniswap. Good fundamentals + big demand = Success.
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November 23, 2020, 06:20:17 PM
 #83

"a young project simply physically can't create such a real value in such a short period of time" - I have to disagree with this. It's unlikely, but revolutions happen. Just take a look at YFSwap (DeFi based on BTC and ETH) or Uniswap. Good fundamentals + big demand = Success.
The defi project is something else that has gone beyond logic, the young project has taken over the price of bitcoin and has grown in price drastically surpassing everything else, but one thing we need to realize is that YFI is currently 35 at CMC and I am worried when the hype is over then people will leave all the past behind.

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minatour
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November 23, 2020, 09:16:36 PM
 #84

Generally the Defi market cannot be predicted, which means anything can happen at any time, just be patience and wait for more good projects

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