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.
You're wrong. At its peak, the coin was worth over $ 38,000. And even now, its price remains higher than $ 30,000. This can be clearly seen on the coinmarketcap website.
However, I agree with you that this is a huge bubble that will eventually burst and bury the money of unsuccessful investors.
yeah, thats why its better to wait and see what will happend in the next few days with all kind of thus project above my friend
because in my opinion for now its too risky if somebody want to buy this altcoin
It is quite likely to grow further in price, because it offers a real opportunity to earn money.
However, it is worth remembering that this token already has too high a price, which has a chance to fall much more than to grow.
