Better YFII Alternative- Dash 2 Trade

The cryptocurrency market has moved considerably in the past couple of months, causing the industry to be in a state of complete speculation. It has surely seen a major crash, with a majority of investors still fearful about the next moves that major tokens may make. Since BTC fell from its all-time high back in November 2021, things have looked rather bleak for the industry. Tokens like YFII, which had shown major growth during the bull run, have now been moving in a rather bearish mode.

Naturally, the project being an initiative with a massive community has brought in some of the best backers and companies to help in building it. However, there may be an alternate cryptocurrency that investors should definitely keep a watch out for in this crypto winter. The bear market has surely taken its toll on almost the entirety of the blockchain industry, but this project is still very likely to reap massive returns in the upcoming days.

But before knowing what project is being seen by the crypto community as a great alternative for YFII, it is important to understand what the project is, and how it has been performing recently.

What is YFII?

Founded by Andre Cronje, the creator of Fantom and Yearn Finance, YFII is a cryptocurrency that has grown in popularity over the past couple of months. It is the governance token for DFI.Money, which is a platform is used by thousands of people globally.

DFI.Money is a platform for building products based on aggregated liquidity, leveraged trading, and automated marketing. This is a fork of yearn.finance (YFI), which was launched following the rejection of the yEarn Improvement Proposal. Originally, the platform’s utility token YFI would have been minted for another 2 months with weekly emission halving, had it been approved.

By contributing liquidity to DFI.Money’s aggregated liquidity pool, users can earn the YFII token, which can be used to govern the platform. With DFI.Money, lending providers can optimize their profits by moving their funds autonomously between lending protocols such as Aave, and Compound. The vaults section of the site is developing future strategies, which the project has been very transparent about. It has constantly kept the users updated about any other developments within the project.

How has it been performing?

YFII’s performance in terms of price has been extraordinary, as the project managed to jump from a mere $1369 to over $3700 within just a couple of days. This can be routed back to its recent developments and constant engagement with the community as a whole. However, the prices have started their decline, causing the asset to fall down in terms of value again, adhering to the bearish nature of the overall industry.

Despite its recent bullish movement, one needs to note that the project eventually got back to the same price level, which puts it in a bad light. While the community expects to see further growth, it is still too early to be guessing where YFII may be headed now.

Best Alternative- Dash 2 Trade

The industry, as mentioned before, has surely taken a hit. That is, considering all the damage from the crash earlier this year. While strong projects like YFII also seem to not be able to regain their past strength, Dash 2 Trade has surprised quite a number of investors with its increasing popularity.

Introduced recently as a crypto analytic and social trading platform, Dash 2 Trade has one of the best dashboards that investors can rely on for accurate market data. All information provided by the project is on-chain data, which means that the user will be able to access real-time information with maximum efficiency. Dash 2 Trade has been created mainly for the benefit of retail investors, whose portfolio growth gets suppressed by changing economic conditions, incidents like the recent FTX crash and more.

Its main features include trading signals, strategies for trading, presale alerts, trading bots etc. This list is expected to grow after it is launched officially, as the developers have stated multiple times on various social media websites. It also managed to amass a massive community in a short time, thanks to its creators Learn 2 Trade. This is because Learn 2 Trade is a financial education organization with an existing user base of more than 70,000 members.

The native token for the project D2T is currently in its presale phase and is expected to shoot up in value right after it is launched officially. At the time of writing, the presale has managed to raise more than $7.5 million and is about to finish the 3rd stage of the presale.

Why choose Dash 2 Trade?

Dash 2 Trade already has major support from its community, due to the reputation of its creators. Moreover, the recent development included an announcement that stated that Dash 2 Trade shall end its presale sooner than expected. This is music to the ears of investors, as quick updates in terms of roadmaps are a very promising feature when it comes to crypto projects currently.

With its advancements and status of being a presale token during the crypto winter with much success, D2T has the potential to rise in value considerably. This speculation is furthered by the fact that it is already being featured on popular crypto websites like Business 2 Community, Cryptonews and Yahoo Finance, despite being a project in its early stages.

With the movements being seen in BTC and similar altcoins, it is evident that the market is in dire need of a project that actually provides value to investors by actually helping them make wiser trading or investment decisions. Dash 2 Trade does exactly this, which is reason enough for any investor to consider getting into the project at the earliest.

Conclusion

Surely, a token like YFII comes with its own set of advantages. However, it is important to be mindful of trends, market conditions and the status of projects. Considering such factors, Dash 2 Trade is definitely an excellent pick for investors looking to park their funds in strong assets for great returns in the upcoming months.

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