In some ways, crypto is quite similar to the gold rushes that periodically gripped the world between the 17th and 20th century. The discovery of gold at Sutter’s Mill in 1848 resulted in the influx of over 300.000 migrants to California. But gold mining was hard work, and just the trip to California cost many fortune seekers their lives.
Luckily, nowadays we don’t have to leave our homes to find our fortunes. Though regulations differ from country to country, crypto is available worldwide. But where individual miners used to search with a gold pan, crypto investors now have to delve through over 11.000 cryptocurrencies and tokens available in the market to find treasure. Finding a 1.000x gem in these conditions is rare, but CryptoBusy put in a lot of research, and in their video of August 14th named DeFi Yield Protocol (DYP), as their pick for a 1.000x.
DYP was not immune to the price actions of the broader market throughout this year. With Bitcoin going down from its $64,000 all-time high to $29,000 between April and June of this year, DYP also suffered dropping from it’s all-time-high of $5.20 to just over $0.24 a month ago. Trading at $0.3259 at the time of recording, CryptoBusy lauded DYP for their Anti-Manipulation feature. This feature is rarely seen in cryptos, but perhaps should be more widely adopted to stop whales from controlling the network. If the market widely adopts this innovative feature, DYP is set to reap the benefits.
While a 1.000x for most cryptos would be nearly impossible, a 1.000x would land DYP somewhere around the $3.6 billion market cap, which would “only” make it the 37th biggest crypto. Therefore, CryptoBusy concludes that for DYP, a 1.000x is definitely possible.
Indeed, since the release of the video not two weeks ago, DeFi Yield Protocol has seen a surge in price of nearly 150% to a local high of $0.79 as more people become aware of their innovative solutions. If CryptoBusy was right, however, that is nothing compared to a predicted price of over $300 per DYP at 1.000x.
As the current bull cycle continues, the DYP team isn’t just waiting for people to take notice. They have recently expanded to the Avalanche chain, are sponsoring multiple sporting events, and have introduced new features to their protocol such as the Buyback Program. For those who are only recently tipping their toes into the cryptowaters, DYP’s Teki Kola also frequently runs giveaways on Twitter, and the team has recently produced many beginner-friendly tutorials to get started on the DeFi Yield Protocol platform.
The DeFi Yield Protocol also managed to achieve some important numbers that clearly shows how undervalued it is right now:
- 8708 ETH, 6513 BNB, and 9264 AVAX worth $31,824,779 paid to the Liquidity providers; so, imagine that they managed to pay more than $31 Million dollars to its users and their Market Cap is only $8,141,223.
- – $9,501,902 in liquidity across Uniswap, PancakeSwap and Pangolin (biggest DeFi exchanges from Ethereum, Binance Smart Chain and Avalanche); even their total liquidity is bigger than the current Market Cap.
- – $12,172,946 locked in different pools across their farming, staking, and buyback pools.
All these numbers show how undervalued the DYP token is and why the well-known youtuber and crypto analyst made this price prediction. Another important factor that should be taken in consideration is their partners, they made integrations only with big platforms like Chainlink, Avalanche, Pangolin, and Coin98 Wallet.
DYP is currently trading at $0.64 with a market cap of around $8.1 million, the current low price offers a perfect entry point for market participants looking to cash in on leading yield farming protocol.
In some methods, crypto is kind of much like the gold rushes that periodically gripped the world between the seventeenth and twentieth century. The invention of gold at Sutter’s Mill in 1848 resulted within the inflow of over 300.000 migrants to California. However gold mining was onerous work, and simply the journey to California price many fortune seekers their lives.
Fortunately, these days we don’t have to go away our properties to search out our fortunes. Although laws differ from nation to nation, crypto is offered worldwide. However the place particular person miners used to look with a gold pan, crypto traders now should delve via over 11.000 cryptocurrencies and tokens accessible available in the market to search out treasure. Discovering a 1.000x gem in these circumstances is uncommon, however CryptoBusy put in loads of analysis, and of their video of August 14th named DeFi Yield Protocol (DYP), as their decide for a 1.000x.
DYP was not proof against the worth actions of the broader market all through this yr. With Bitcoin happening from its $64,000 all-time excessive to $29,000 between April and June of this yr, DYP additionally suffered dropping from it’s all-time-high of $5.20 to simply over $0.24 a month in the past. Buying and selling at $0.3259 on the time of recording, CryptoBusy lauded DYP for his or her Anti-Manipulation function. This function isn’t seen in cryptos, however maybe must be extra broadly adopted to cease whales from controlling the community. If the market broadly adopts this progressive function, DYP is about to reap the advantages.
Whereas a 1.000x for many cryptos can be practically unattainable, a 1.000x would land DYP someplace across the $3.6 billion market cap, which might “solely” make it the thirty seventh greatest crypto. Subsequently, CryptoBusy concludes that for DYP, a 1.000x is certainly doable.
Certainly, because the launch of the video not two weeks in the past, DeFi Yield Protocol has seen a surge in value of practically 150% to a neighborhood excessive of $0.79 as extra individuals develop into conscious of their progressive options. If CryptoBusy was proper, nonetheless, that’s nothing in comparison with a predicted value of over $300 per DYP at 1.000x.
As the present bull cycle continues, the DYP group isn’t simply ready for individuals to take discover. They’ve not too long ago expanded to the Avalanche chain, are sponsoring a number of sporting occasions, and have launched new options to their protocol such because the Buyback Program. For many who are solely not too long ago tipping their toes into the cryptowaters, DYP’s Teki Kola additionally regularly runs giveaways on Twitter, and the group has not too long ago produced many beginner-friendly tutorials to get began on the DeFi Yield Protocol platform.
The DeFi Yield Protocol additionally managed to realize some essential numbers that clearly reveals how undervalued it’s proper now:
- 8708 ETH, 6513 BNB, and 9264 AVAX value $31,824,779 paid to the Liquidity suppliers; so, think about that they managed to pay greater than $31 Million {dollars} to its customers and their Market Cap is simply $8,141,223.
- – $9,501,902 in liquidity throughout Uniswap, PancakeSwap and Pangolin (greatest DeFi exchanges from Ethereum, Binance Good Chain and Avalanche); even their whole liquidity is greater than the present Market Cap.
- – $12,172,946 locked in numerous swimming pools throughout their farming, staking, and buyback swimming pools.
All these numbers present how undervalued the DYP token is and why the well-known youtuber and crypto analyst made this value prediction. One other essential issue that must be taken in consideration is their companions, they made integrations solely with large platforms like Chainlink, Avalanche, Pangolin, and Coin98 Pockets.
DYP is at present buying and selling at $0.64 with a market cap of round $8.1 million, the present low value provides an ideal entry level for market members trying to money in on main yield farming protocol.
