Are DeFi tokens overvalued?
Timestamp this thread. Top 5 DeFi tokens are:
– COMP at $1.7b
– SNX at $460m
– MKR at $439m
– BAL at $400m
– 0x at $392m
Does this look right? Or are we already in a bubble?
They said ETH was a bubble when it hit $20 for the first time. They were dead wrong. And these are protocol shares for a new money system. Maybe they’re massively undervalued?
Market cap of all DeFi tokens is around $5b today.
Is this expensive? Is it cheap? Why do you think so?
Are DeFi tokens overvalued or not?