Investing in METFI DeFi Token Amid Market Fluctuations

I recently invested 1113.94 USDT to purchase 6001.33 METFI tokens at an average price of 0.19 USDT each. Currently, METFI has a market capitalization of approximately 40.7 million USDT and sees a 24-hour trading volume of around 250,000 USDT. Over the past week, the price has declined by 8.74%. The number of DeFi wallets holding METFI stands at 57,350, and a significant amount of 49,403,876 METFI tokens has been burned, reducing the circulating supply. Based on this data, I believe METFI presents an interesting opportunity in the DeFi space, especially given its active wallet base and ongoing token burns. However, the recent weekly price dip suggests some short-term volatility, which is common in crypto markets. The substantial burned tokens indicate a deflationary aspect that could potentially increase token value over time. While the current decline might raise caution among investors, the solid market cap and engagement metrics suggest that METFI has a resilient community and development activity. It's worth considering this asset for a longer-term hold, particularly if the project continues to develop and market conditions stabilize or improve.