Is SpartacusDAO a safe haven right now?
SpartacusDAO was trading at above $200 on December 1st. Since then, the protocol has offered a free rollercoaster ride that has taken the token to a bottom of $20. Currently, the token is trading at $29 and it has been quite stable between $20 and $29 since December 24th. That is quite a big thing looking at the charts of all the token similar tokens nowadays.
What has caused Spartacus to stand still, even earlier today when OlympusDAO dropped from $160 to $110, and most similar tokens dropped 30% in value in a matter of minutes (after a whale sold OHM tokens worth more than $10,000,000 or something like that)? The truth is... those who wanted to get rid of their Spartacus tokens have already done so (so I believe). The current APY is only 300%, which is just incredibly slow compared to all the other similar tokens running with APYs between 2000% and above 100,000%.
With an APY of 300%, it almost feels like standing still. But, that seems to have a very positive effect in these days when the market is dropping... Spartacus is behaving quite stable. But, with an APY of 300%, the question is whether they will be able to attract new investors or not. Compared to most other coints, 300% is a beautiful APY, but since there is no real guarantee about the success and that fact that the value will remain stable, this is still a risky project.
What do you think about SpartacusDAO? Is it worth joining?
In two days, we will publish the next update to our OlympusDAO fork experiment, and I have a feeling that Spartacus will be, by far, among the best performing tokens during the last seven days. You can read more about the experiment at: https://www.ipaddressguide.org/jade-vs-time-vs-spa-vs-fort-vs-gyro-vs-sb-vs-hec-vs-papa-vs-klima-vs-wagmi-vs-tac-which-is-the-best-project-where-to-invest-background-information-and-a-real-time-experiment/
Until this morning, I thought Redacted Cartel would be the winner, but that protocol fell together with TIME, OHM, HEC, and the others this morning. But, maybe they will manage to get it all together before Wednesday and get in plus no matter what?