It is certainly a great news for all DFI token holders. The price of DFI has finally reached $2 and it even went up to an all-time high of $2.06 based on the information gathered from Coinmarketcap.
I have been watching the trading among different exchanges on Coinmarketcap.
I noticed that Bittrex and Hotbit were already trading above $2 but IndoEx was unable to trade above $2 that resulted the average market price not reaching $2.
We can see from the screenshot that I had taken from Coinmarketcap.
It is still great that the price of DFI was able to rise from $0.16 to above $2 for just about half a year in the market.
I am currently staking DFI tokens at Cake Defi with a reward of 37% APY.
If we choose to stake directly at Defichain, we would need to install the software from Defichain.
The synchronising to the whole Defichain can be really a chore for the software when I tried installing the software.
There is still an advantage as the new Dex of Defichain is currently only accessible through the software.
Staking or liquidity mining directly would have higher APY but I felt that Cake Defi was able to provide the hassle-free service by staking or liquidity mining with them.
By staking or liquidity mining through Cake Defi, we can even access our account through our mobile phone to complete different transactions rather than being restricted only on the computer with the Defichain software.
Both have their pros and cons but we still get to gain since we are enjoying attractive APY.
Currently, new members of Cake Defi would get $20 worth of DFI after the first deposit.
An additional $10 worth of DFI if the sign up is through a referral link.
The free $30 worth of DFI would be locked for 180 days with staking rewards.
Cake Defi is a Singapore registered company and it needs us to complete KYC before we can access its full service.
After complete the KYC, we can get a referral link that we can promote this great opportunity for others to participate. Using the referral link, we can get $10 worth of DFI for every successful new member who completes the KYC and makes a small deposit to get the free $30 worth of DFI. It is definitely a win-win.
I felt that it is profitable for those who really do not have much to invest. They can make good use of the referral program to accumulate DFI in staking without coming out a single cent.
In the recent youtube videoclip, Dr Julian did briefly mention about the growth of DFI since it first started.
With the bull run currently and the potential of DFI, he has imagined the possibility of DFI growing into the price of $50 in 2021.
It may sound like a wild dream but the chance for it to grow into $4 or even $10 should be something achievable by the way it is growing.
As early investors and adopters of DFI tokens, we may still be getting it at a lower price if we consider the possibility of it growing into $10.
No one can predict the future but it is often those who are able to take a certain degree of risk to reap a higher reward if ever a new token becomes valuable in the future.
I cannot predict the future growth for the price of DFI but I have invested and I am willing to take a risk for the chance of its future growth.
Below is my referral link for those who are interested to get the $30 worth of DFI or you can visit Cake Defi to find out more first before making a decision to join.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that.