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?
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