Y series trends... What do you think?

[nutriagrigia]

Usually, those hype doesn't last long. If you remember ICO projects before, they have been very famous too but got some failures afterwards. I can also see YI series projects like that. Today, they are making a big noise and investors are enjoying this opportunity to gain and to earn. But you have a point, there is possibly a bounce down and investors should be cautious on this part..
 
 Anything new in crypto world, can be a hype in a certain period of time. And also be a new door of oppotunity for scammers so let's take our actions be wary.

You're right. The hype is continuing for a long time and I think that in one month, maximum, prices will start to fall and many people will regret about their purchases.  I don't buying anything now. Just watching

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[slaman29]

It's really happening now isn't it guys? The ICO hype and boom. People desperately locking in their ETH to wrap it up and turn it into whatever tokens they think will make them money. 1000% gains in a few days, and thinking now mooning in a few months.

I'm happy to see ETH go up, not happy to see 600 gwei gas. Doesn't this remind us of anything?

[totoy4741]

Sincerely, I still don't understand reasons behind the y series pump, but probably due to too much hypes by crypto whales, anybody interested in buying this coins to make urgent profit should invest with what he/she can afford to lose.

That is maybe the main reason the hype of these defi coins are getting, not only that now I see some other defi, like sushi, kimchi are getting a lot of hype as well but not as good as what these Y series defi are getting, sushi even lost around 60% of profits upon getting listed in binance.

[Bitstar_coin]

I think only few of this Y series project are genuine the rest are just scams, some of them sounds so very ridiculous when you read up the information, it shows they are hurriedly done just to make quick money during this Defi trend period, they have nothing to offer, everyone should be careful.

[bobyhodob]

I think only few of this Y series project are genuine the rest are just scams, some of them sounds so very ridiculous when you read up the information, it shows they are hurriedly done just to make quick money during this Defi trend period, they have nothing to offer, everyone should be careful.

indeed new coins that have the initial Y at the beginning and are marked with a very small and limited supply are indeed suspicious but what is strange is why they were able to enter the Binance exchange? because what I know about the Binance exchange has very tight competition and security to register a coin or token there is a very long and very difficult process, so how can you say a scam if Binance can put that coin into its trading list.

[disconnectme]

People need to becareful now especially now that it seems the market is about to enter into correction. I think one or two if these Y series project will survive and it is after the dump that we will realise a true project. Another thing is that the profit taken will soon happen nothing goes up forever

[rajakulam]

after the YFI price beat the BTC price, all the media talked a lot about it, this is a technique to raise the YFI price even higher, for investors please be careful before investing, because it is feared that the high YFI price will only happen temporarily

[hrunya102]

It's all YFI fault, now farming is everywhere, and all projects are trying to use the words Yield farming at least somehow.

[tbterryboy]

I honestly do not know what could be done about it, people could create Y type of names and similar stuff as much as they want, not like they could be stopped or banned because it is a free space here and in crypto you could do whatever you want to make that happen. Obviously it is not going to be the end of it so we are going to see a lot more of these.

However what we can do is promote knowledge about names and why they do not matter, if you could reach out to enough newbies about the power of branding and marketing manipulation you could maybe teach them how they should do their own research before they go invest into something. Some people see one Y succeeding and making owners ton of profit, so they go find a newer version of it and get in early hoping they could profit not realizing it is a scam.

[Sirait]

~snip

I am funny looking at this, so many Y projects are appearing almost simultaneously.

I see this has been in design for a long time and there must be big player involvement behind the many Y projects. I am still curious, whether one another are connected to each other?

[Ozero]

Y Series trends are interesting but a little dangerous because I am not sure all Y Series projects are serious projects considering their inspiration was taken from YFI, if YFI was not a trend this project would not be present, apart from the Y Series that must be considered is Project S Series or Soft because This is also a trend that is similar to the Y Series but also as dangerous as the Y Series.

YFI has issued only 30,000 coins and their capitalization is only one billion dollars. However, it is already more than three times the price of bitcoin. Even outwardly, this coin is pumped artificially. One must be wary of investing so much money in this coin. After a while, the price of YFI is likely to be much lower Bitcoin.

[lousie9]

not good, with the emergence of the Defi project or the Y token series will only mislead investors who are just joining the cryptoqurrency industry. We can imagine that if a new investor is just thinking rich quick, has no knowledge of crypto, then he could easily be fooled by such Defi projects.

[shoreno]

not good, with the emergence of the Defi project or the Y token series will only mislead investors who are just joining the cryptoqurrency industry. We can imagine that if a new investor is just thinking rich quick, has no knowledge of crypto, then he could easily be fooled by such Defi projects.

what can we do ? They want that ambition so they need to pay for that price . This does not mislead them if in the first place this is the reason why they ended up on here  . we don't need to feel sad or bad about it/them because they aren't a true gem of the crypto community  . while I think the y series does not only misslead people ,  they also help people to get closer to the real valueable cryptos  .  they aren't totally useless somehow eh?

[shakesbear]

Andre Cronje taught us all how to farm, check contracts the most important thing, even if the project is turned off, you will always be able to return staking tokens from the good contract.

[Bitstradamus]

These are old news. Look into MEME:

https://coinmarketcap.com/currencies/degenerator-meme/

Here is a good post about it:

https://medium.com/@dontbuymeme/announcing-the-meme-protocol-yield-farming-meets-nfts-1a9820f7058b

[Leonardo7]

Many Y are nothing but scam, for me these are the real Ys: YF1, YF11, Yff1. Any other Y is simply at investors risk. I miss out in all these only benefited immensely from YFF1, got in at $22. can't still explain what is pumping them.

[Shallow]

It still surprises me how people are always too quick to jump into any project just to grab their own share of the gains, but falling to ask what if it dumps badly? There is no crime in investing in new projects but it is not wise to invest in projects which offers nothing but hype. Before it was Defi and all sorts of it, now it is another trend Y series; to an extent we know what Defi offers but this Y projects what are they offering?
Well, no one can best advice an investor more than himself, if any investor fails to do the right thing and goes for hype, one thing will occur, which is profit or terrible loss; I think that answers the question asked.

[marks1976]

It's all YFI fault, now farming is everywhere, and all projects are trying to use the words Yield farming at least somehow.

This day I'm seeing the new token called SYFI and it was also doing the same like Y family coin. People were taking it in the wrong way as they were focusing into the farm yield from these Y family project.
They have no clue about what they were buying before. YFI is the main reason why this crazy trend is happening right now.

So many forked coins in the market.

[Mr.Scott]

Literally I've fed-up with this Y series trends or whatever. Nor I but there tons of people express the same feeling Y series trends are nothing but all are scams. Some are so good potential to hit 10K so i guess quick money here to grab.

[bgaf]

Literally I've fed-up with this Y series trends or whatever. Nor I but there tons of people express the same feeling Y series trends are nothing but all are scams. Some are so good potential to hit 10K so i guess quick money here to grab.

There are some who actually legit but in the case of hype and even anonymous team the traders still investing cause there is always chance to get a bigger reward and chance to get hype. I dont know but I can see a lot og people earning big mote than 3x of their investment. But I would not advise to play with this cause its really dangerous.