We are running the rebase token experiment in the IP Address Guide and after two months, it is quite brutal. Our initial investment of more than $11,000 is worth only 30%, and Wonderland which was once the leading and best performing project is now the worst-performing of them all (with the exception of the rugs).
January has been really cruel on the rebase tokens, but in the period between January 26th and February 2nd, we finally saw some green numbers. The best performer was FantOhm which actually had an 80% upwards curve. It is still in a big minus, but even so, that was an impressive week.
I am a bit worried about FantOhm, seeing that they are still running with a 200,000% APY (something that has caused the others to fail), but as I expressed my worries, one of the team members said the following:
In other words, they are still trusting their protocol and whatever is happening to it. I am curious to follow this, and I would be really happy to see them succeed, but I have my doubts!
-> See all the results from last week right here
No other protocol came even close to FantOhm and their results last week, but HectorFinance, Gyro Money, and [REDACTED] all did well producing results of 10% growth or more.
Of course, today the numbers are red once again, especially because Bitcoin and Ethereum are struggling, and this is influencing the rebase tokens as well. But, will they be able to keep it up in the midst of this?
And are we in a bear market? Or is this still a part of the bull market? If this is a bull market, what will an eventual bear market look like? That is a kind-of scary thought, isn't it?
Don't forget to take profits, and if you look for passive income opportunities, make sure to check my article yesterday about different node options. Since then, Thor Financial has dropped quite a lot in price, meaning that this is looking like a great opportunity to join in if you ever wanted to right now!