I am back with yet another update on the IP Address Guide experiment in which we compare the performance of 11 different OlympusDAO forks. After 14 days, we have ONE single coin that is actually in profit (with $4) and that is Wonderland. The other 10 coins are all in minus. And yes, they are in minus even though they are enjoying nice APYs. For example, PapaDAO has dropped 65% in value in two weeks, and that numbers looks even more ugly when you notice that in the same period, our initial 50 tokens have doubled in number. In other words, even though the number of tokens has been doubled, the value of our investment (with interest included) is still a total value loss of more than 60%.
I have mentioned it here recently, but I do have a feeling that people are starting to leave the risky projects, and rather place their money in safer projects with well-known developers and a better reputation. And yes, that is why Wonderland has had such a nice run in the last seven days. Snowbank might not have the best reputation, but they are still around.
HectorDAO and KlimaDAO are both in big losses, but they are still coins with great potential, and these are coins I personally cheer for and I hope they will succeed.
Want to know more?
Would you like to know more about what's going on and the experiment? Click the links below:
I hope you will take the time to check the links. Have you invested in any of these? Are you in profit? Are you in loss? If you are in loss, I can warmly recommend the following article discussing in detail how much time it will take for your loss to be turned into profit with the APYs of the different projects.