We have seen the rebase tokens like TIME, OHM, HEC, and all the others drop a lot since the start of December 2021. But, in the last couple of weeks quite some of them have gained strength and momentum. But, the last seven days have been hard on most of crypto and as a result, both Bitcoin and Ethereum have dropped more than 10% in value in this period.
But, in the midst of fear, what have the rebase tokens been doing?
As you can see from the picture above, they have actually all performed better than both Ethereum and Bitcoin, with the exception of FantOhm. Maybe we shouldn't put too much into this information, but if we are speaking about these tokens gaining momentum and turning stronger, then it might still be interesting to see that they have dropped less than the two giants. In fact, Wonderland, MagnetDAO and KlimaDAO have actually increased their value in the last seven days, completely outperforming Ethereum and Bitcoin.
Is that just a coincidence, or is the coin about the turn?
I am not entirely sure, but I do find this positive. How will things be in the coming seven days? I guess it is hard for these tokens to go parabolic unless the average market sentiment goes bullish. But, it is still good to see that they have started to stabilize their prices and that there are no big jumps downwards anymore.
If they can keep growing in value and keep developing their protocols, then this might actually turn out to be good in the end.
We have also said goodbye to SpartacusDAO today, as they have stopped their rebase rewards and now offer redemption to all token holders. The redemption reward was actually very nice and big, thus making our investment end up with only $6 in minus, way better than all the other tokens in the experiment. You can read more about the SpartacusDAO redemption right here.
What's up with all of you? Is anyone still staking and playing around with any of the rebase tokens? I would love to hear from you!