The ICO market remains hot, with a token jumping significantly in a short time. It is the DRF, the DRIFE protocol, which jumped more than 2,000% in just a few days. With the end of its ICO on the 4th of August, the token achieved a 2,787% return in just 5 days. The DRIFE platform is characterized as the next step for applications like Uber, uniting transport and blockchain.
expressive jump
As of this writing, the DRF token is priced at $0.1696. That’s a 2.713% appreciation since its initial offering, priced at $0.006250. In the last 24 hours, the token’s traded volume exceeded R$15 million, although much of it took place on the MEXC exchange. According to CoinMarketCap, the traded volumes reported by the platform are “unreliable”. In any case, for investors who participated in the DRF’s initial offer for SafeLaunch, the token was a great investment for the very short term.
In just 5 days, the DRF reached its all-time high. Possibly, the project proposal caught the attention of investors. According to the website’s homepage, DRIFE is a kind of blockchain Uber. However, the platform claims that it allows any vehicle to become part of its ecosystem. This characteristic is treated by the company as a disruptive way to combat the “failures” in the business models of Uber, Lyft, 99 and other companies in the segment. In addition, it is noteworthy that the project’s proposal is to allow drivers to keep 100% of their profits. Payments are made in DRF, a token developed in Binance Smart Chain (BSC). Although the proposal draws attention, it is important to emphasize that projects do not always follow their objectives. Whether due to technical difficulties or simply because it is a hidden project, a paper proposal does not imply its fulfillment. Even so, for those who believe in the project, this may not be the best time to make a contribution. Considering the proximity of the current price to the historical high, it may be wiser to wait for a more abrupt correction before entering. Read also: Five historical images that marked the trajectory of Bitcoin Read also: Real Digital will not be the dominant currency, says director of Bacen Read also: Trader is killed after not paying ransom in Bitcoin
