We have been running our rebase token experiment for more than 4 months now and it has been a tragic ride so far. But, in the last 2-3 weeks, we have started to see more and more positive numbers. Does that mean that we are in for a reversal? Will we finally start to see our investment value go in the right direction?
I really don't know, but at least I can say that there is a hope.
If you take a look at the numbers from the last seven days, for the period between March 23rd and March 30th, you can see that REDACTED and their BTRFLY token had a 60% growth. Of course, the total investment is still down with more than 80%, meaning that it is still quite tragic. But, if we could see this and the other tokens finally break the negative trend, then there is hope that we might see something positive happen in the end.
Of course, it would have been better just to buy the bottom and have fun in that way, but since we didn't catch the bottom at all, we are very far from that. But, if a rebase token should start a positive trend, then it doesn't take a very long time for the numbers to look much better due to the quite high APYs of many of these projects.
The biggest positive might be the fact that OlympusDAO has had a couple of good weeks in a row. We might not see all tokens turn positive, but if the biggest will get some hype around them, then we might see that the different protocols will start to live in different ways, and the fact that one falls doesn't have to mean that they will all drop in value.
That is what we have seen with HectorFinance recently, and I do hope we will see this with several of the other tokens as well.