Exploring Investment Opportunities in BCH DeFi.
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of Bitcoin in 2017. It aims to provide faster and cheaper transactions than its predecessor and has since gained a sizable following in the cryptocurrency community. Recently, there has been a surge of interest in BCH DeFi projects, and one such token that has gained attention is the Verse token from Bitcoin.com.
As a new investor researching BCH and DeFi, I have decided to create a mock portfolio to track the price of the Verse token and see if there are any entry opportunities. I am using the Verse token as an indicator for the entire BCH DeFi section, and I am also focusing on how the token started to try and find an opportunity.
Upon first impression, I believe that the Verse token must fall at least 99% from its current price to be considered a valid opportunity. This is because the initial coin offering (ICO) price for Verse was around $0.0001, and with over 100 billion tokens in total supply, buying in at a much higher price would mean giving my money away to venture capital, or in other words, the already wealthy.
It's important to keep in mind that the crypto market is highly volatile and the prices can change very quickly. Therefore, it's important to do your research and have a well-thought-out investment strategy. I will continue to track the price of the Verse token and other BCH DeFi projects to see if any entry opportunities align with my investment strategy.
In conclusion, while researching BCH and DeFi projects, I believe that the Verse token from Bitcoin.com is worth considering as an indicator for the whole BCH DeFi section. However, I believe that the token must fall at least 99% from its current price for it to be considered a valid opportunity. As an investor, it's important to do your research and have a well-thought-out investment strategy before making any decisions.