Cryptocurrency is a place of competition

[alltalk]

I don't really understand the competition you mean here. Do you mean the competition to attract investors or have a better rank on CMC/CoinGecko? Of course, all crypto coins/tokens are competing to be the best, so people will consider more to buy the tokens/coins. For example Bitcoin and Ethereum, because these coins are leading others, surely people will make the priority to buy and hold these coins. They become favorite coins, so it is reasonable if many people to buy.

[labonikhatun]

Yes, cryptocurrency is a place of competition crypto constantly competes and rises to the top but other sites cannot compete with crypto and rise to the top the demand for crypto is high and everyone is at the top. The demand for crypto through blockchain technology is both increasing and the transaction system has gone a long way if the quality of DeFi projects is good then it can compete and rise to the top.

[zilzylian]

I don't see any competition, some of DeFi's new projects are almost the same project, it can be said that a copy and paste from the previous project, Blockchain and DeFi project developers currently have advantages such as transaction speed and decentralization of the financial system, the more projects will make many choices for investors. because some projects are built from token sales which will later develop ideas for the project.

[Lenipiw]

This is one of the most successful blockchain projects. But the scam went on for a long time. DeFi projects are currently on the market. Most of the projects in the cryptocurrency market have been successful for a long time now. The teams are very committed.

[ayatoslaw]

What do you mean? Is it about competing projects that move up the top 100 in market cap? or compete about the technology each project has?
cryptocurrency is a place to solve future economic problems, and everyone is competing to have a product that can be used in the future.

[Falcon]

There is blockchain against blockchain. There is DeFi against DeFi. That is very true. I think it currently works as two technologies. But I think old technology can never fail. I think boxing technology is important. However, DeFi projects are not against the blockchain.

Some DeFi tokens did not survive the market unstable condition. But some managed to survive and making their name popular. I think the success of the project depends to the team's dedication to work hard and harvest the labor at the end. Great and honest dedicated team is the very asset of the project to hit the success.

[Thymoty]

Competition is normal in an industry, especially in the cryptocurrency market. But because of this competition, developers are required to innovate and present better solutions so that their products can be accepted by the public. So that with competition, the crypto industry can be even better in the future.

[Evgenklm]

I agree with the author, there is competition everywhere , and the cryptocurrency market is even more so, everything is like everywhere, the strongest survives, and the last one remains at the very beginning of the food chain.

[Paglamon]

It is natural that there will be competition in the market. I think blockchain technology has improved a lot. However, some tokens have improved a lot as they are DeFi. Such a change in the market will bring epochs. More markets will improve.

[ashraf786100]

This competition is with modern technology, blockchain vs. blockchain, Defi vs. Defi and which community will be the best choice and raise the most money. But we do not know what the future holds. I can understand something from different news.

[Infinite]

I think only in cryptocurrency forum when we talk about friendship and ideas but when talking about competition that is the part on the digital developers who always want to surpass the good existing one by creating a better and most improve ideas.

[Lorix]

The present time is very competitive. Presumably, the eth platform will be completely overhauled. Then I think there will be competition between Blockchain and DeFi. DeFi tokens have improved a lot in a very short time. DeFi's services will be further improved.

[tervel]

DeFi favors network effects, the true innovation is created by combining the applications. While it may be difficult to determine which blockchain protocols and applications will get the most usage long-term. Competition between Blockchain and DeFi gives Ethereum the lead.

[gotbounty]

It is truly a unique system, where competition coexists with friendship. And this is what makes me very curious about crypto. On the one hand, their fellow systems compete with each other, but they also remain friendly and friendly. and this creates comfortable conditions in crypto.

[Fenix]

Normal competition is the key to rapid development in everything. Although, thanks to open source code, many projects are simply copied, it is also a good opportunity for anyone to create their own project that will be different from others .. Therefore, we often compare one cryptocurrency with another, try to predict which one will be more efficient and use with the best functional characteristics.