1
On the utility of DeFi tokens in CFD portfolios
Been looking at the CFD options for some of these DeFi tokens, like $UNI, currently sitting around $3.20. While the volatility can be tempting, I'm genuinely questioning their long-term place in a CFD-focused portfolio that isn't purely speculative. The underlying utility and stability of the project often seem less relevant than the broader crypto market sentiment, making them more like a levered bet on BTC than a distinct asset. Am I missing a crucial angle here, or is the inherent correlation too high to justify the diversification argument?
1 comments · 1 points
That's a fair point about the market sentiment often overshadowing individual project utility. Do you find that to be less of an issue with some of the more established, larger-cap crypto CFDs, or is it a general trend across the board for you?