Yesterday i posted about how people are farming COMP and it may crash thus burning the fresh investors into the ground. And now we are seeing that COMP has gone almost -30%.
Also if we go by this article then there is definitely movements of an organized sell-off and manipulation taking place with COMP.
Now this bubble of COMP has raised eyebrows over De-Fi as well. Yesterday BAL token was given to users providing liquidity at the balancer exchange. This also resulted in BAL rallying upto 200%. These quick gains has attracted eyes of lots of users and some have started comparing De-fi with the ICO wherein similar cases started happening in the ICO scams where every new announcement of a new ICO would result in massive pumps of tokens and sudden crashes.
Also to note is that although De-Fi is built on Ethereum blockchain and one of ETH use cases but still ETH has not seen any crazy jump or sudden decline because of it.
In my opinion De-Fi is very practical use case and has tremendous applications but right now what we are seeing is evolution of a brand new platform and with that always comes these crazy swings especially in Crypto World. For now lets see how DeFi evolves.
