Is Defi Booming Again?

[lepbagong]

things that usually happen in crypto every time a new system is raised because of distrust of the old system will definitely be something to look for. for me it is a normal thing and it will have its time, especially since there is no real proof. just like ICO to IEO for me. but we always appreciate every change for improvement but also fixed so that no one misuses this new system. I hope defi is successful, waiting for its development.

[Noverteno]

I wouldn't say DeFi projects continue to thrive in a month. It is interesting for me to watch our record holder in price - the YFI token. Until recently, it rose in price over $ 42,000 and had a capitalization of just over $ 1 billion. Today it has moved up from position 20 on the CoinMarketCap chart to position 37, and its price has dropped to $ 14,137. Capitalization is about $ 423 million. It will be interesting to see if it will grow with the overall cryptocurrency market. Even the developers themselves say that this management token should not be of great value.

[lepbagong]

I wouldn't say DeFi projects continue to thrive in a month. It is interesting for me to watch our record holder in price - the YFI token. Until recently, it rose in price over $ 42,000 and had a capitalization of just over $ 1 billion. Today it has moved up from position 20 on the CoinMarketCap chart to position 37, and its price has dropped to $ 14,137. Capitalization is about $ 423 million. It will be interesting to see if it will grow with the overall cryptocurrency market. Even the developers themselves say that this management token should not be of great value.

seeing things like this makes me very doubtful about defi, what is understandable and whether there are games in the system made, I doubt that capacity. maybe many still believe it but not for me.

[gunhell16]

I cannot deny that recently Defi became trending in the cryptocurrency, and because of this trend a lot of scammers again arise also and they took advantage of it as well to find a victim here in this field of crypto business. And I think the booming of defi now is not the same as before. So, better be careful guys for investing under by defi.

[Jaephoenix]

I think the DeFi market is saturated for now, and with the sudden expected influx of scammers and rug pullers, a lot of investors have lost the taste for a good DeFi

[Dora Walletinvestor]

We have all seen the boom of DeFi in the past thanks to projects like YFI & Uniswap, and now showing signs of cooling down when there are no more similar projects, maybe the DeFi market has saturated on the idea. However, it is difficult to say if this is the culmination of the DeFi wave in 2020, but I think DeFi is currently in a cycle of stability and returning to its true value.

Yes, this probably was a cycle of cooldown. I don't think the hype is over, there are still more people coming in to try the waters, both on the side of projects and traders/investors.

[KunotCoin]

Just take precaution on some Defi projects because it's very clear that most of them are not legit, instead, a fly by night project that was only after with our money the proliferation of Defi base tokens nowadays is comparable to the 2017 crypto Bubble that was driven by HYPE. 

[Istiak]

Defi project looks like a Bubble to me. A lot of projects with the same concept as farming and people are investing there heavily. Smart people will use this opportunity, make money. Most of these DeFi project's future will be something like what happens in 2017. People will lose their money for heavy dumping of price.

[sky20]

Now most of the projects demand that they are defi projects but the truth is that they are fake. Actually i heard the name defi project by DIA projects conducted by Bubblex. So i suggest you should be very careful before invest any defi projects.

[Tnoy30]

The market is constantly changing and these changes make some people rich. The reason for this wealth is defi project. They benefit a lot by investing. But now it is seen that the projects that can be profitable by investing are defi. Because defi promise is the first promise they are able to benefit each other.

[Renampun]

DeFi HYPE seems to be at the top and will soon disappear...
I say this because seeing the gas fees that have started to normalize, this shows that DeFi transactions have started to decline and will slowly return to normal.

[Quart]

I think Defi is still booming although it is not as the previous time. The hype is over already but there are still many people who want to join Defi projects. I am one of the people who still have an interest in Defi projects. DIA is one of the Defi projects that I am joining currently.

[@chison]

A lot of people  rushed into Defi projects without understanding how it works. Defi gets saturated and funds will stop flowing. Investors will always look for new projects to invest..

[Coin63@]

I saw many Defi projects right now, promo their project on bounties. Is this the time of DeFI? I don't know DeFi still booming or not? but we must careful

Some scams DeFi projects around us are scam. Never invest those campaigns because all DeFi projects never worthy to invest.

[hair]

A lot of people  rushed into Defi projects without understanding how it works. Defi gets saturated and funds will stop flowing. Investors will always look for new projects to invest..

Yes, if we rush then we can get a loss, I think the wise choice is to see the progress of the DeFi before taking action