Julian Hosp and his projects in the crypto scene: A recurring story of losses and disappointments

Julian Hosp and his projects in the crypto scene: A recurring story of losses and disappointments

Julian Hosp – An attractive figure in the crypto scene

Julian Hosp is a controversial figure in the crypto scene. Projects in which he was involved have resulted in significant losses for many investors. DeFiChain (DFI) and the alleged stablecoin DUSD are currently on the decline.

Julian Hosp, who regularly communicates via his Twitter account, gives the impression that his crypto projects are doing great. For example, he claims that DeFiChain (DFI) is overtaking the cryptocurrency Bitcoin (BTC) in terms of price performance. He also believes that the “stablecoin” Decentralized USD (DUSD) will recover again with a current price of less than $0.40. However, a look at our archive shows that Julian Hosp has already experienced a number of failures in the past that cost investors a lot of money, such as with TenX or the Lyoness pyramid scheme.

Let's look at the sober facts instead of putting on the rose-colored glasses of crypto guru Julian Hosp. DeFiChain has fallen to around $0.36, more than 90 percent away from its all-time high, according to CoinMarketCap. Twitter user PlebAdi even amuses the community with a picture game as Hosp calls on the “DeFighters” to push the course. However, DeFiChain's price curve does not even reflect the recent upswings in the crypto market. From the perspective of experienced observers, DFI appears to be on a dying path. However, Julian Hosp sees this differently, because DeFiChain's official website does not have an imprint as a precautionary measure.

About a year ago we reported on the problems with Decentralized USD (DUSD). At that time, the so-called stablecoin was quoted at just under 0.80 US dollars, while today it is at 0.36 US dollars. It should be remembered here that a stablecoin is actually intended to represent a fiat currency at a 1:1 ratio, in this case the US dollar. A reasonable quote for DUSD would therefore be around US$1.00. It seems as if Julian Hosp and his team can only imagine how this will ever be achieved again.

In summary, it can be said that something went wrong again for Julian Hosp. However, it is important to note that Cake DeFi has now been rebranded and now goes by the name Bake. Hosp promises on Twitter that this is the beginning of “a new era of financial empowerment.” Whether he means himself remains unclear. Bitcoin expert Matthias Reder notes without a wink that a name change is obviously supposed to help if the name is “burnt”. We would like to add: Please avoid DeFiChain (DFI), DUSD, Bake or other projects that Julian Hosp supports. The past has painfully shown that things often go wrong with Hosp's projects and there is a risk of major losses.