There are all kinds of exciting things happening in the crypto space. Check out the latest one about an Ethereum-based project.
It’s been just revealed that crypto trader and analyst Ben Armstrong revealed the name of an Ethereum-based project that can potentially ignite a 500x parabolic ascent.
DOGE’s meteoric rise
In a new video, the trader explained that investors who made huge gains off Dogecoin’s (DOGE) meteoric ascent of 1,000% in two days are eyeing the decentralized finance (DeFi) space to find the next big mover.
“The success of Aave, [yearn.finance] (YFI), and Synthetix (SNX) shows the interest of enterprises and retail investors in decentralized finance… Aave made an insane 260x and Synthetix, an astronomical 407x in less than a year. This is DeFi ladies and gentlemen, and this is only the pre-game party,” he said as quoted by the Daily Hodl.
More than that, it’s been revealed that Armstrong says it should be really interesting to check out a little-known protocol that promises to make DeFi easy as it opens up yield farming to market participants in just a few clicks.
“It’s called the APY.Finance and the ticker APY, a plug and play solution for investors, routes funds to the best yield farming strategies. One won’t have to search for options himself and worry about changing yield AKA returns. It’s all automated and is essentially an aggregator of DeFi,” he continued.
He also said: “What’s more, this new project, APY.Finance, is already connected to all the leading DeFi protocols such as Uniswap (UNI), SushiSwap (SUSHI), Aave, Compound (COMP), yearn, Synthetix, dYdX and more.”
Make sure to check out the video above in order to learn more details.
Ethereum in the news
According to the latest reports, Ethereum is really undervalued.
Ethereum is in the spotlight these days, together with Bitcoin, due to the price surges.
It’s been just reported that the Gemini co-founder and Bitcoin billionaire Cameron Winklevoss said that Ethereum’s worth is not at all reflected in the market cap. He also said that the explosion of the DeFi sector is still in its beginning.