Tomorrow will be a quite depressing day. It will be the day on which we will give our weekly report about our investments in 13 (or was it 14 or 15) different rebase projects, including Wonderland, OlympusDAO, and many others. Last week we also added three new projects, and it all seemed to be beautiful for a while... until yesterday's crash in which someone sold OHM worth $11,000,000. That crashed OHM, which caused the others to crash. And since it has been so popular to borrow funds using staked TIME and OHM, so many people had their loans through Abracadabra and similar places liquidated. This caused further price drop, and it was just a bloody day yesterday. What will happen today? Will the prices catch up again?
Redacted Cartel was also bleeding yesterday, and after a week in which they started at $2500 and has been touching $3000, it is now trading at $1300... that is one giant loss. Wonderland has suffered likewise, and it is now at the treasury support level (backed level). Now, Wonderland is currently in a mess, as they are speaking about TIME being unnecessary and that the concept doesn't work, they are moving to wMEMO, and they are about to launch something on Fantom together with Andre Cronje. That will for sure be hyped, and it might be big... but will they be able to compete with HectorDAO? Many people have also lost faith in Wonderland and Daniele Sesta as the price went below backing, and many people were liquidated exactly because of this.
https://twitter.com/mrsexyjoshjones/status/1483160460484431873
So, what is going on? This is for sure volatile, and I am not really sure where this is heading. It is for sure a high risk investment no matter what you do!
More information about the rebase token experiment can be found at: https://www.ipaddressguide.org/jade-vs-time-vs-spa-vs-fort-vs-gyro-vs-sb-vs-hec-vs-papa-vs-klima-vs-wagmi-vs-tac-which-is-the-best-project-where-to-invest-background-information-and-a-real-time-experiment/