In it, crypto expert Andy Snyder helps guide rookies and veterans of the crypto markets towards investments with a purpose. If speculation and FOMO aren’t your thing though, we suggest signing up for the Manward Financial Digest e-letter. That should bring some comfort to the FOMO investors starting to pile in now. Despite the recent run-up, it’s still trading far below its year-to-date highs. There’s good reason to think that this token still has some legs in its bullish run. So it’s really no wonder investors took a shine to the token after its listing on Coinbase. And that’s exactly what the Harvest Finance crypto venture was created to do. Putting your money to work is the whole point of investing. So as long as cryptocurrencies as a whole stay relevant, so too should the Harvest Finance crypto. It’s a cool token with a clear purpose and a worthwhile endeavor. And its crypto, FARM, can be used for the purpose of staking and yield farming on the Harvest Finance webportal. Essentially, Harvest Finance moves funds around the DeFi ecosystem in an attempt to generate higher yields. It powers Harvest Finance’s webportal that lets users invest cryptocurrencies and then farm price variations… Resulting in profits. But overall, Harvest Finance crypto remains a solid coin. Cooler heads not dealing with FOMO will prevail. When any asset more than doubles in value in such a short period of time, there’s likely to be a pull back. So there remains a lot to like about Harvest Finance crypto… Even after its meteoric rise in value. For anyone interested in the specific details, you can check them out here. Because Harvest Finance is well aware of how the attack was successful, it’s extremely unlikely a similar engineering error will be made. The big question though is whether Harvest Finance has secured its digital borders to be protected from further hacks. But if you see a crypto winter on the horizon, you might want to wait until the markets thaw. If you’re optimistic about crypto’s short-term future, FARM could make a good bet. It’s shown to ebb and flow mostly in line with the greater crypto markets. However, Harvest Finance crypto is far from bulletproof. And we should see a further increase in value in the coming months. It’s more likely confirmation that its efforts are worthwhile. This suggests the rapid rise in value might not be an anomaly. In fact, it’s extremely rare for any crypto to shoot up more than 100% in value from an uplisting alone. While a small rise in value is natural after being added to Coinbase, none of them came anywhere near the Harvest Finance crypto rise in value after being added. It added the stablecoin Paxos Standard and the Polymath crypto earlier this week. This week alone, the exchange added four new tokens. What’s In Store for Harvest Finance CryptoĬoinbase has been on a bit of a listing spree of late. And serves as proof that investors are willing to look past last year’s issues. ![]() And that proved to be a major catalyst for the Ethereum-based token that powers Harvest Finance’s efforts as a yield optimizer.Īt last check, Harvest Finance crypto was up more than 120% after being listed on Coinbase. Then came the big news that Harvest Finance crypto would be uplisted to the consumer-friendly crypto exchange Coinbase. And Harvest Finance was back to trading well below $100 mere days ago. But just as the momentum gave, it also took away. As the crypto markets swelled, FARM values rose significantly. And things stayed that way for months.īut Harvest Finance crypto was able to ride the upswing at the beginning of 2021. After hitting a peak value around $320 per token, as news spread, FARM fell below $100 per token. Naturally, this was a major blow to the token. That resulted in a whopping $400 million in liquidity being depleted from the Harvest Finance as liquidity providers fled the platform. In return, Harvest Finance crypto fell 60% as holders dropped their stakes in the token. ![]() The hackers got their hands on a huge amount of the stablecoins USDT and USDC from the Harvest Finance pool. In October, the Decentralized Finance (DeFi) protocol was drained of $34 million. Harvest Finance crypto (FARM) faced a major attack from hackers last year.
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