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Home Blockchain

Yearn.Finance: Investors Drop 5 Years 100x Gain for 10-20% Growth in 2 Weeks – Google Dev

by Khalid Lawal
September 11, 2020
in Blockchain, Finance
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Google engineer and developer Tyler Reynolds has recently explained while he thinks Yearn.finance (YFI) among some other DeFi are better than top blockchain projects like Cardano, XRP, EOS, and Bitcoin SV and others in terms of profitability in the long run.

While berating the top blockchain projects for using dubious means to make their market capitalization high, far above that of Yearn.finance and other blockchain projects, Tyler said investors are neglecting some crypto assets which can give then about 100x profits in the next 5 years for assets that will offer them a safer” 10-20% gain over 2wks.

“These discounts won’t last forever. Look at $YFI price action since Sushi stopped pulling focus,” Tyler said, the likes of XRP, BCH, EOS, ADA, BSV and XLM have the billion-dollar market cap via market manipulation, restriction of capital, and over marketing.

tyler yearn 100x

The Google payments question the high market capitalization of the top blockchain projects.

Although Decentralized Finance (DeFi) has in recent time become the most exciting aspect of the cryptocurrency market, it will be important to mention that DeFi projects are struggling to garner valuation when compared with the top blockchains.

Data confirms that the leading DeFi protocol, Yearn.finance (YFI) has its market capitalization of about $940 million which is about half of the market caps of blockchains like Bitcoin SV, Tron, Cardano, EOS, among others which have their market capitalization in billions.

Reynold regarded the top altcoins as “Projects with no future”, adding that it is unreasonable to conclude that they have market capitalizations that double that of YFI.

Explaining why he regarded the projects as Projects with No Future, Tyler explained that he made his conclusion due to the low turnout of adoption that the project has had so far.

Jason Choi, the founder of The Blockcrunch Podcast, also commented on the matter, averring that there is not a tangible fact to justify the future of Bitcoin fork projects like Litecoin, Bitcoin Cash, and Bitcoin SV.

A Season Rollercoaster for DeFi

Analysts in the Crypto space are lately nursing the high hope that a billion trends might soon move toward Decentralized Finance, one of such include the renowned Ethereum commentator, Eric Conner who earlier commented that a period of ghost chain reckoning is approaching where there will be well over $50 billion market cap value for less adopted blockchains.

Conner emphasized that most blockchains will be usurped by DeFi applications with actual use by the end of the present market cycle.

In the same vein, Jason Choi, a respected crypto analyst at Spartan Group, a cryptocurrency venture, and hedge fund, reported that the emergence of the fee-accruing token in DeFi tends to be natural and would drive major adoption toward DeFi.

Nonetheless, the fact that the entire blockchain is still faced with the challenge of low adoption remains a major reason why the majority of crypto analysts shared the belief that DeFi protocol will usurp the entire blockchain.

Tags: blockchain projectsYearn FInance
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NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

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Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

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