Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: CFox0 on July 28, 2021, 03:18:52 AM

Title: "Baby" DeFi tokens - short term hype, or long-term hold?
Post by: CFox0 on July 28, 2021, 03:18:52 AM

Hi all,

Interested in your thoughts on whether these new "Baby" DeFi tokens that have been coming out the past few weeks, such as BABYCAKE and BabyXRP, are just short-term hype coins or potential long-term holds.

I've been doing a bit of research, and some tokens with low (sub-1 million dollar) market-caps, such as BabyBUSD, are reporting that holders are earning anywhere from $100 - $300 in BUSD per day simply by holding the tokens. I took a look at BabyBUSD and it seems legit - active team and community, liquidity locked for 10 years, contract ownership is renounced, and a TECHRATE audit is underway. I got this information from their telegram: @babybusdbsc and their website: babybusd.net

I think that these kinds of tokens could be the future of DeFi, but I'm also aware of the hype surrounding them. What do you guys think?

Title: Re: "Baby" DeFi tokens - short term hype, or long-term hold?
Post by: Zed0X on August 01, 2021, 08:39:14 AM

I don't even bother looking into them. The fact that they are simply riding on the popularity of each coin/token that comes out is already a red flag to me. The $100-$300 BUSD per day could be well true but how much are they really holding and how long can they sustain that? You have to look into those matters. If you want to play with it, just do it for short term.