The rebase token battle results between April 20th and April 27th

in olympusdao •  3 years ago 

Would you like to know which was the best performing rebase token in the period between April 20th and April 27th? I have got to say, not many people are interested in these tokens anymore. The hype is way into the past, and not many people tweet about the protocols... way different from the golden days in September, October, and November.

And yes, you can clearly see this as you take a look at the different charts. We have said goodbye to rebase protocols every single month recently, and the list of rebase protocols really alive and doing well has shrinked a lot.

Not only is Exodia about to leave the arena, but we also know for sure that GYRO and MagnetDAO will change their model in May, meaning that there will be two less protocols to pay attention to.

SO, who will stay alive in the end? To be honest, I expect Hector Finance, OlympusDAO, Wonderland, and KlimaDAO to stay alive. I do expect REDACTED as well to remain alive, but I have got to say that looking at the price action of KlimaDAO and Redacted (especially), I would be quite afraid to actually invest money in any of those protocols.

So, where to invest then? I would invest in HEC and OHM, maybe some in TIME (for fun), but the latter is way more risky as the mood of Daniele Sesta is greatly influencing the protocol and it can end up in all directions because of that. And once again, operating a protocol with 70,000% APY is just risky as that... so many tokens in circulation that it can dump just anytime!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!