We have been running the rebase-token experiment in the IP Address Guide for more than two months, and after some heavy weeks and big losses, it seems to us as if the prices are starting to stabilize. The last weeks, we have seen quite a lot of numbers pointing to this as most protocols end up finishing each week with losses/gains between -10% and +10%. In the normal world of finance, those would be extreme numbers, but in the crypto-world and in the world of rebase-tokens, those are very nice numbers (and stable numbers).
FortressDAO with 127% gains in the last seven days
Picture from the following article
As you can see above, FortressDAO had a fantastic week, but before you rejoice, you better understand that there is a war behind that number. There are internal discussions, the leadership are fighting one another, and they don't agree about the big matters. Even so, people can now swap their FORT tokens for wMEMO, or it has been promised a future buyback of $6.6 FUSD per FORT token (and that has led to the recent price increase).
No matter what, this is a warzone, and it shouldn't be entered by anyone (the way I see it). Even if you might see that the price will get even closer to $6.6 per FORT token, this can also end with a complete disaster, and it is clear that this isn't a protocol with a bright future. Instead of developing the protocol, they are trying to stop the fire within...
The rest of the tokens...
Then the rest of the tokens are doing better, led by FantOhm, HectorFinance, SpartacusDAO, and OlympusDAO. SpartacusDAO was the first of the rebase tokens to drastically lower the APY, but they have later been followed by HectorFinance. OlympusDAO still has an APY above 1000%, while FantOhm still runs with an APY above 100,000%.
The positive here is the fact that these are in positive numbers for the last seven days, and it is also positive that many of the other tokens that had positive numbers last week, have only ended up in slight minus for the present week.
So, maybe the bottom has been found and we will see the tokens stabilize and even grow in value in the coming days and weeks?
You can find more information about the entire experiment at https://www.ipaddressguide.org/jade-vs-time-vs-spa-vs-fort-vs-gyro-vs-sb-vs-hec-vs-papa-vs-klima-vs-wagmi-vs-tac-which-is-the-best-project-where-to-invest-background-information-and-a-real-time-experiment/
What do you think? Any thoughts or comments?