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🧵1/14 Facing and uncomfortable Reality: What @defichain truly needs! And intellectually honest analysis.🚀
🧵2/14 Quick background: The past year has been tumultuous for the #DeFi space, largely due to the failure of Terra's stablecoin, UST. That uncertainty paired with the massive crypto price drop, caused fear to $DFI investors.
🧵3/14 Price follows Value. Always. 🔑
Value is determined by three factors: Utility (the most important!), number of people (marketing), and rarity. These factors are critical for any investment. I've written a blog post about this: julianhosp.medium.com/resolving-dusd…
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