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Although Bitcoin is still in a downturn after reaching its peak at the beginning of this month, some altcoins are ready to soar. This is based on the analysis of CryptoBusy and CryptoRevolution, both of which believe that Defi Yield Protocol (DYP) is a good investment opportunity in the near future.
DYP primer for pumps
Earlier this month, traders CryptoBusy and Crypto Hustle Review The altcoin with the greatest return potential in the 2021 bull market cycle. At the time the transaction price was about $0.72, Busy stated that DYP “may be 100 times or more altcoins”.
“Great team, great white paper, great roadmap, and the great technology behind this,”
Say busy. Youtuber cited some unique features of DYP, including its anti-manipulation mechanism. This mechanism helps maintain the stability of platform rewards awarded with ETH and other platform native tokens (such as BNB and AVAX).
A few days later, the encryption revolution include DYP serves as his “Selection of Gems” in a video titled “Selection of Parabolic Altcoins”. At that time, the analyst found a “double bottom” in its price movements, which he called an “astounding technical pattern.”
“Pay the bill at the bottom of the single, and pay twice at the double bottom,”
Revolution said. Youtuber personally invested in cryptocurrency in early November and gained 70% in just 10 days.
Personally, he believes that DYP may reach US$1.56 in the short term. According to CoinMarketCap’s data, this is more than twice its current value.
Part of the reason that inspires the confidence of YouTubers is the number of upcoming updates to the Defi Yield Protocol. These include the launch of the NFT market, equity pools on the Avalanche and Ethereum networks, and NFT dapps. Recently, DYP announced its pledge, agriculture, and repurchase pools on the Binance Smart Chain, which promoted more than 1000% of APY.
What is Defi Income Agreement?
The Defi Yield Agreement is a defi platform that facilitates mortgage, income agriculture, NFT and a variety of other transaction solutions. It is the first Defi platform to reward its liquidity providers directly on Ethereum.
In addition to DeFi functions, DYP is mainly used as a dashboard for decentralized tools. These include, but are not limited to, decentralized scores, confidence voting systems, and yield farm data, all of which are intended to provide investors with accurate information before making any decisions.
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