$TREE has been online for two days, let's take a look back: @TreehouseFi
At the beginning, it peaked at 4 times, then stabilized at 2 times the profit, and now it has fallen back to around the valuation, but this is not a bad thing. The tokens of the team and most investors are still locked up, so the short-term selling pressure is small; the circulation is less than 20%, and there is still a lot of room for growth in the future; it is normal for there to be significant selling pressure from airdrops at the early stage of Binance Alpha.
Reasons why I continue to hold:
1️⃣ As mentioned in previous tweets, $TREE is a decentralized fixed income protocol, fundamentally aiming to solve the problem of lack of stable interest rates in the DeFi field. This is the most basic and core aspect of the entire DeFi industry, and it may become the industry standard in the future.
2️⃣ I personally participated in #GoNuts Season 2 and felt that their product is not a castle in the air; they have put in a lot of effort in structural risk. Through tAssets, one can obtain returns and also participate in the pricing of overall market interest rates through the DOR system.
3️⃣ The ability to list on top exchanges like #Binance, #OKX, #Bybit, and #Coinbase indicates that there is not just one project party working hard, but rather strong institutional support. In the current market environment, institutions are not worried about lacking buying power. Don’t wait until the price surges to think about missing this opportunity. What I am looking forward to the most now is being listed on Korean exchanges, with a new price surge.
I haven't sold the airdrop from the day before yesterday, and today I bought a little more. Combined with the previous airdrop, I'm basically at a break-even point. The current price is really attractive, and I feel that the next wave of breakthroughs is just around the corner. I look forward to a reversal surge like $M (believing in the operational ability of the project party).