Bulls are back. You know what that means? ICO craze is back.
Only this time it is wearing the mask of DeFi.
For the newbies especially, these trades must be really confusing as to how a project can be $150 one day and under a dollar the next?
Welcome to the crypto weirld.
While you navigate through the craze of the DeFi, Data Oracles, and yield farming, be careful to not FOMO into losing your life-savings.
We have seen many projects that are running on the hype of 'DeFi' with no product and obscure teams.
Yam 2? Are you kidding me?
Yam surprised the entire crypto world with its massive rally well over $150 and then collapsed overnight to under a dollar. Taking with it funds of many crypto traders.
And now, Yam 2 is back.
If you go to CMC, you will find the V2 listed.
Will this new version be better than the previous one? Who know! The price of the coin, however, is already showing $10.
For everyone trying to navigate the madness of the crypto world, we wanted to give few quick reminders.
In case you forgot, here are few reminders when trading in Crypto
- Do Not FOMO
- DYOR
- YouTubers are not experts
- A project without a team is not trustworthy (except Bitcoin)
- DYOR
Hope these quick reminders save you from losing your shirts in this crypto wind...
