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?