Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Selina31 on September 10, 2020, 10:44:12 AM
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The Total Value Locked(TVL) in DeFi space had reached its heights on Sep 02, 2020, with $9.6 billion locked. Unfortunately, it fell to the lowest point at $6.8 billion on Sep 09, 2020, but bounced back within hours. Currently, $7.24 billion is the valve locked in DeFi. Will Defi Boom again?
Source: https://the Url is blocked due to spam #Cpspam/news/is-defi-booming-again/
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Just be careful when dealing Defi base token investment because not every project that was tag with Defi name is legit most of them are just shit bubble trap its better to warn others before getting caught in the web trap of fake Defi projects.
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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.
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Its still boom. The deducted on defi, are probably due to market retracement. Not only defi but even major coins experience a massive dump and this can be correlated well to that fact. Defi still working good and I can see this is only a temporary situation. Rember that were approaching bull run and anytime it could explode in an instant and I believe defi will be the reason of it.
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So many people already get scammed because investing in defi related projects and make their trust to defi gone. So I don't think defi will booming again with many negative sides on it. Defi can make people rich quick but also can make poor quickly. For me, i better on between.
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yes, its time for DeFi now. defe effected in crypto market like a boss. may be now take some time to growing up again. but not every defi project are good. if project have a good support & active then this kind of project will boom for sure. i think defi given a 2nd life in crypto market. so potential defi project will pump again.
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I'm not a fan of defi, because I knew that most of the token over this trading fair is not good in my own little way.
I would rather to do trading fair in USD, BTC, ETH, because these are the most often I am confident to trade in the actual
the market now for a couple of years done until now.
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DeFi still blooming. Actually, even this days people are talking about DeFi and searching for the best one to invest and become rich in the future. Now is the time of DeFi and we don't even know until when this hype about to end. For now, just be careful because not all in titled as DeFi project is real. Some are scammers.
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It takes more time to assess the effectiveness and prospects of DeFi projects. Many of them are unambiguously useful, and therefore there is no doubt that they will be in demand and develop in the future. However, scammers are always in a hurry to take advantage of the hype around them. Therefore, before investing your money in these projects, you need to study them well so as not to fall for the tricks of scammers.
Overall, DeFi projects should still grow in both popularity and value.
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You know this is a new and trending business so it will continue for a while untill it gets saturated or stabilized but i think it will keep growing for maybe next 2 years.
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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
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Their is alot of good project are coming in market , this is right time to invest in defi projects . We must carefully while we are going to be invest in DeFI project because some of them is scam as a result you will be lost your money .
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It is difficult to foresee, but after a series of scams, some projects began to grow again, but I would recommend that you do not enter a large part of the deposit into DeFi projects, it looks like the ICO of 2017, but then many projects were scammed, I am waiting for the same now. Only the strong will remain.
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Don't hesitate with the Defi project, now is Defi's time. Like in 2017, the ICO project reached its peak, that's how Defi is now.
But you have to be careful with your money, do a review first, not to lose.
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The Total Value Locked(TVL) in DeFi space had reached its heights on Sep 02, 2020, with $9.6 billion locked. Unfortunately, it fell to the lowest point at $6.8 billion on Sep 09, 2020, but bounced back within hours. Currently, $7.24 billion is the valve locked in DeFi. Will Defi Boom again?
Source: https://the Url is blocked due to spam #Cpspam/news/is-defi-booming-again/
Thank you so much for giving such good information.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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..
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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.
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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
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I think that boom on YF projects soon will be back
Now I investing a lot in CORE and YFFII
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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.
You need to be interested in DeFi projects, they brought a lot of new and useful things to the cryptocurrency. However, not all DeFi projects are created equal. This should always be remembered. In addition, their tokens cannot be valued as highly as the YFI token, even if only a small number of them are issued. Therefore, the price of the YFI token has already dropped by more than three times.
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Of course, with so much positive news about DeFi, it will soon make DeFi go up and boom again. Especially now that DeFi is getting more and more in the lyrics because it is quite potential. Many end up choosing to invest in DeFi today. I'm sure the DeFi Token will recover soon and attract a lot of enthusiasts again.
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People are easily attract in newly ideas, invention, technology and products. As long as it is new with proof of quality products crypto enthusiasts will go for it like DeFi. Once the project hit the investors interest they will start to investigate the potential to earn in short or long term run. If they found it profitable, they will not hesitate to grab more tokens. However, there is a time lapse to subside the trending DeFi maybe months later or 1 year from now.
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Looks like DeFi will find its own opening to bounce back because now DeFi is dim.
Just like other altcoins that have been circulating in so many ways and eventually collapsed too.
In my opinion, DeFi will definitely continue to change according to market needs and it will take a long time.
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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.
I agree with you on this. Sometimes it's really hard to tell apart what is a scam and what is legit, but other times it just seems obvious that something is not trustworthy and it's hard to watch that so many scammers still manage to make money on this.
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Defi sphere is very popular this year and that is why so many cryptocurrency companies are created in defi sphere, and we all see what incredible trading volumes the most top defi cryptocurrencies have and I think that defi sphere in 2021 will also be very popular, thats why I see a lot of cryptocurrency companies switching to defi sphere nowadays.
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The current DeFi wave is stuck at a higher level and I don’t think it’s right to finalize the higher level. Because the prices of the coins currently in DeFi have started to fall. I have seen the rise and fall of some coins. Their prices have plummeted and the market needs a lot of stability. Some coins have stability. But if you look at the different types of coins in this regard, you will see that some coins do not have stability. So what are these coins going to be in the future? YFI prices have come down and some tokens have gone down, which is not good news for investors at all. Because investors are in a desperate situation. They are disappointed because the price of the coin has dropped since investors invested. Those investors are very frustrated now. So DeFi coins need stability. Most of the coins are currently depreciating in the market and the Coins team should think of some advanced things about investors. However, DeFi projects are not fraudulent. So will remain as technology.
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Defi is booming and may continue to boom for sometime to come except something out of ordinary happened. Many have the opinion that the world of Defi will crash soon but I think otherwise, so many development is going into Defi these days that may build some solid ground for Defi which might make Defi to be around for a very long time.
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course project Defi be a favorite for investors this year as prices rose rapidly, but lately projects Defi less hype because most of the price dropped so drastically and make investors lose their money of course this is a fear for investors to invest again to project Defi.
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DeFi is nothing new, I think it's the same pattern as the hype of the previous year. It is normal for the hype to disappear at the end of the year, and there will be new hype in the following year. Only a few DeFi projects remain. When the Hype starts to dissipate, people will sell it to avoid more losses.
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Defi loot of scammer in defi project scam project 95% scam project now days NFT project in booming you may try there for good profit Dego finance.
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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.
I agree with you on this. Sometimes it's really hard to tell apart what is a scam and what is legit, but other times it just seems obvious that something is not trustworthy and it's hard to watch that so many scammers still manage to make money on this.
Very necessary to be cautious at all times. Cryptocurrency is a place where you cannot get back your money once lost. Your investment into DeFi must be done with enough evidences that the token you are aiming for is legit. As long as possible do not go with the flow when hype occur. Invest your money into the right product.
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Why not? Defi is possible booming again. Some Defi tokens are good and possible to improve more. Indeed, we cannot expect for the rising in their prices everytime. There should be a decline and an increase, it is normal as long as the volume or the transaction seems to have no problems. Even Bitcoin has a decline and an increase, Defi tokens are also the same.
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Defi loot of scammer in defi project scam project 95% scam project now days NFT project in booming you may try there for good profit Dego finance.
I think not all mates, there are some DeFi that are legit and good for investment. Only a few new projects are scam as it is only to cheat. Be careful
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Why not? Defi is possible booming again. Some Defi tokens are good and possible to improve more. Indeed, we cannot expect for the rising in their prices everytime. There should be a decline and an increase, it is normal as long as the volume or the transaction seems to have no problems. Even Bitcoin has a decline and an increase, Defi tokens are also the same.
The current boom has not yet completely outlived itself. I think this is a one-time action that, when it finally calms down, will not fire a second time. This is how the crypt is arranged, everything quickly passes and becomes irrelevant.By themselves, these projects, of course, will not go anywhere, they will just become regular projects without any excitement. Well, of course, scam projects, of which a lot have bred, will also play a negative role.
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I think it's not stationary by now. BTC is stabilized so I think market is doing the same. hopefully, if market is good everything will be normal.
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I think it's not stationary by now. BTC is stabilized so I think market is doing the same. hopefully, if market is good everything will be normal.
well I hope what you say can be achieved and realized.
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Be careful everyone, please sfae DeFi hype. Now many project scam DeFi project available now market so everyone be careful this hype. I think DeFi booming end this year now start NFT project hype
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The DeFi tokens were dumped so hard and I don't know if DeFi can booming again seems the hype is over but who knows in the future the DeFi will booming again..
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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.
will always be repeated when there is a new system then all jerks and tickles, but in the end everything is like you said too that it will return to things that have been running as usual.
no matter how good the system is made that is behind is a fraud, it will not last long.
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DeFi is a hype and already popular in all sphere in cryptocurrency market cap. But still it would be longer last?
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Defi loot of scammer in defi project scam project 95% scam project now days NFT project in booming you may try there for good profit Dego finance.
I think not all mates, there are some DeFi that are legit and good for investment. Only a few new projects are scam as it is only to cheat. Be careful
Be responsible for your own sake. All the time risk is present everywhere in cryptocurrency even outside world. We don't know all thing what I know is invest at your own risk. Calculate the risk and be a risk taker. Keep safe at all times.
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DeFi is still booming and based on a personal believe, so long as blockchain and cryptocurrency will keep striving, so does DeFi.
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Yes Defi more boom are coming in future example is Yearn finance yfi will touch this year end 50k to 70 this will give you big profit hold your coins in future big profit.
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I think it's not stationary by now. BTC is stabilized so I think market is doing the same. hopefully, if market is good everything will be normal.
We all hope that in the next year the cryptocurrency market will grow back to the way it was in 2018, or even exceed that. ;D
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So far, the defi market has gone down, because recently I see only losses on these tokens, but I think soon the price tags will go up.
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Defi Is a booming.i don't want to invest in defi project.
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I think because DeFi is quite potential. So it often goes up and down. And some of these DeFi coins also have pretty good price movements. A few months ago DeFi was booming because YFI's price could exceed bitcoin. No wonder DeFi is now booming again.
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Yes this is the time for DEFI. We already know Defi attracts the investor to invest in it's project. Investor are very curious to invest and they sell bicoin, ethereum and others coin and invest in defi project. In this concern defi booming again.
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Just be careful when dealing Defi base token investment because not every project that was tag with Defi name is legit most of them are just shit bubble trap its better to warn others before getting caught in the web trap of fake Defi projects.
This is very true i think. Maximum scamming projects now using Defi name so that real investors fail to select actual coin or project from market. Actually some defi coin or projects was hit before so that people now thinking defi name project is always hit though investors now realizing slowly about scam projects. So i also suggest to everyone to be careful defit coins.
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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 39, and its price has dropped to $ 13.060,. 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.
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Definitely DeFi has reached its peak, climaxed and its on its way down. Just that lots of scammy projects are hitchhiking on the ebbs of its glory
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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 39, and its price has dropped to $ 13.060,. 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.
Yes, some DeFi projects continue to flourish, while others are already on their way to their decline. The YFI token continues to fall in both price and capitalization. So, today the price of the YFI token is already $ 8,505, and the capitalization has dropped to $ 254 million. It seems that it will not reach its previous price heights. At the same time, other DeFi projects are gaining popularity and this is quite normal.
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I am not really sure if Defi can boom again like before. However, I don't judge if all Defi tokens won't have bullish anymore. There should be a chance to soar again for Defi tokens who have quality and supported by strong community/investors. Also, the teams behind the Defi tokens will have a big role to see the improvement of the price in the future.
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Now the total value locked (TVL) in DeFi as at today is $11.32B showing that people still have trust in DeFi and it has come to stay barring any unforeseen economic devastation or FUD.
As more innovative products are developed, more people especially investors from the traditional financial market will be attracted and more funds locked in.
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I am not really sure if Defi can boom again like before. However, I don't judge if all Defi tokens won't have bullish anymore.
De-Fi projects are the same as cryptocurrency projects in general, sooner or later some projects will die while some other projects will increase their price and reach a new ATH,
Chainlink, UNI are examples of several De-Fi projects whose prices will rise higher in the future.
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DeFi tokens decline for the hype is over. There is no one who knows DeFi will boom again. But now if you do believe DeFi, this is the right time to buy DeFi tokens that have a bright future for the tokens are in dip. Hold it until the boom will happen again.
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Now a days defi projects are upper then any other projects. Every one need to be interested in DeFi projects because they bring innovation to the cryptocurrency. However, Investor should remember that not all defi project are qualityfull. There are lot of scammer surroundings defi. In addition, most of the tokens cannot be valued as highly as the YFI token, even if only a small number of them are issued. Therefore, the price of the YFI token has already dropped by more than three times. I think the future of defi reach beyond the expectation.
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I think no it continues to fall down the YFI token is dumping day by day that's why don't expect.
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Therefore, the price of the YFI token has already dropped by more than three times. I think the future of defi reach beyond the expectation.
Prices pumped with hype will not last long, and YFI is one example, such an incident is not the first time in the cryptocurrency world, for example exchange tokens, ieo etc.,
DeFi has a bright future because it provides passive income just by holding the coins, but not all DeFi coins are of the same quality, be careful when you want to invest in DeFi projects.
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I don't know whether to give you a solid answer or a sarcastic one... it sounds like you are patronizing me... But what you do is take dollar based coins like Tether for example and save them so you can lend them to blockchain based lending and trading platforms inexchange for coins/tokens. Its called yield farming. Google it...
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I don't know whether to give you a solid answer or a sarcastic one... it sounds like you are patronizing me... But what you do is take dollar based coins like Tether for example and save them so you can lend them to blockchain based lending and trading platforms inexchange for coins/tokens. Its called yield farming. Google it...
Can you share your experience on any of the exchange you have utilized for yield farming with stable coins? Reliable exchanges that you've used and confirmed their authenticity.
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I think defi booming again. Some days ago it decrease it range but it will recover soon. Now defi is the most attractive platform particularly those who are the big investor. They just wait to receive positive news then they will invest again.
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Until now the token yield from the DeFi project has fallen sharply and this is very sad.
I saw this information in various media and this has been proven if we look at COinamrketcap.
I have also seen this information channel on bubbalex's telegram channel and it is probably very accurate for the problem of the decline in the price of DeFi tokens.
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At the present time, it is seen that all the people are leaning towards the DeFi project. And many have made a good profit by investing in it. Seeing this, almost all the investors are investing in it, which is why the popularity of Ki Coin has increased so much. But investing in it is a bit risky because it can be hacked at any time but they don't follow it and they see that the profit is high. That is why it is seen that despite having Juki, they are investing in it.
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Very beginning of defi make a bull run for this reason we see that 1 YFI token price approximate $45000. That was unbelievable but true. That was the power of defi. Now defi projects get downtrend but it is not the fact it will increase again.
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I think the DeFi market will move up significantly until the end of this year, following the upward trend in bitcoin. But it won't last long, because almost all DeFi projects have the same features and services, and that's why the market is getting saturated.
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DeFi tokens are likely to boom again. Because there are many investors currently in the market, who are currently at a loss. Investors must be patient, because patience is the key to success. So I would say those who are investors in the market and those who have invested in DeFi tokens should be patient. Because the project teams are mostly committed. They are constantly working for the project. I think DeFi will be booming again. So everyone has to be patient.
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This popularization of burial has benefited some crooks. now I see burials everywhere. Please everyone be careful. There are many malevolent people using it.
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DeFi is indeed a new coin that is immediately booming. Some of these coins from DeFi are very good and immediately attract a lot of investors. No wonder now coins from DeFi are booming again.
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Undoubtedly, I would not like to compare DeFi and ICO, since they are very different from each other, since ico is a way to attract finance, and DeFi is a project's belonging to decentralized finance. But still, there is a similarity between them, and first of all it is independence and excitement around projects. It is the lack of certain control or influence on the developers of new projects that generates a large wave of fraud in DeFi, as it was in the ICO. I am most worried about the fact that due to fraud, large amounts of money will go not to the cryptocurrency market, for the development of promising projects, but to the pockets of fraudsters. But nevertheless, some DeFi projects are really very needed and will be in demand in society, like some independent and anonymous cryptocurrencies.
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You could say it's booming too, because slowly by slowly the coins that have advantages in DeFi increase in price a little.
But there are also some of these DeFi coins whose prices have continued to fall and are difficult to get back up because DeFi is also like other cryptocurrencies that are not stable.
I hope DeFi if it wants to go down once the dump so that it can be bought at the lowest price.
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The market was very excited about the DeFi projects. But at present, investors do not see such investment excitement. The level of investment in those DeFi tokens has greatly decreased. The market is in dire straits. If the DeFi can't bring back its previous reputation, there will be a big loss. So I think the market must be patient to improve. So everyone is waiting for the improvement of DeFi in the market.
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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.
I agree with you on this. Sometimes it's really hard to tell apart what is a scam and what is legit, but other times it just seems obvious that something is not trustworthy and it's hard to watch that so many scammers still manage to make money on this.
Very necessary to be cautious at all times. Cryptocurrency is a place where you cannot get back your money once lost. Your investment into DeFi must be done with enough evidences that the token you are aiming for is legit. As long as possible do not go with the flow when hype occur. Invest your money into the right product.
I agree, we must be careful about where we put our money and not go with the hype mindlessly.
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I think the DeFi bubble has already bursted before the US Elections, because it reached its peak and was stagnating. I think it is going to be reinvented and people would invest hugely again
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There are many precautions to take when investing in DeFi tokens. A few days ago DeFi had a great future, that’s what I was optimistic about. But at the present time the value and prestige has decreased a lot. But in the future I think it will be able to hold on to the previous position. So everyone has to be patient. Cryptocurrency market recovery takes a long time. So I think DeFi will take time to recover.
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The value in DeFi continues to make new all-time highs. Such high levels of interest in this segment of crypto suggest that it has more room, despite the massive losses incurred over the past two months.
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DeFi projects, as well as others, are found to be useful as well as useless and even fraudulent. Therefore, some DeFi projects will flourish while others disappear from this market. However, I see that our former price record holder YFI token is gradually reviving again and today has already risen from about $ 8,000 to $ 15,817, and the capitalization from $ 240 million to the current $ 474 million. So it's not all bad with DeFi projects.
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Your information is friendly. Defi There were new surprises in the cryptocurrency market. Until recently, there was a lot of investment and trade in DeFi. Investors think DeFi will still be soap. However, the total amount of assets in the market has decreased a little at present. All projects are controlled by blockchain technology. So I think these will definitely be able to get the same popularity as before. In other words, it has taken the place of a huge part of the human mind. Will expand in the future. When there are new cryptocurrencies in the market, investors will increase the level of investment.
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Actually, the technology and design offered by core DeFi projects and innovations mean they will have a long future and usability in the crypto industry even after other technologies have gone. They will always be people using and employing the services of DeFi projects and that alone make them strong. They could be times when they dip but ultimately, they are built to last long.
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It is a good sign, Decentralized exchanges (https://www.coincurb.com/news/decentralized-exchanges-trading-volume-soar-exponentially-in-q3-before-defi-meltdown/) are getting some moment back. It seems the Defi sphere is recovering from the recent crash.
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Currently most of the projects in crypto are covered by Defi but it is not known whether defi will be booming again these projects can pump up a lot of long-term investments, but no one can say what they will do. Therefore, they need to verify the correct information by analyzing the market.
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DeFi will be booming again because there is still a lot of hype going on, I think it will last until the end of the year when BTC reaches ATH then the DeFi project will follow.
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I think it's not, in fact, the new Defi projects are not getting enough funds and volumes that's why it's just fading away only those established Defi platforms will survive.
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DeFi will be booming again because there is still a lot of hype going on, I think it will last until the end of the year when BTC reaches ATH then the DeFi project will follow.
What kind of booming do you believe in? I see no DeFi reason to boom or hype anymore, I often say that something built on hype won't last.
Just like ICO, DeFI hype will also be over because a lot of shitcoins about DeFi end up being scammers.
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How can i say Defi booming again. If we talk about YFI token then we will understand what is occur in defi projects. The YFI token when arrive in market it was very poor in price but with in short of time we got puzzled due to know the price which is $43000. I was very much confused. Losts of questions arrived in my mind how it is possible? Is it legit or scam? But i hear that it was defi project. Now the YFI token price is approximate $14000 instead of $43000. In this moment i can not agree with you that Defi booming again.
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How can i say Defi booming again. If we talk about YFI token then we will understand what is occur in defi projects. The YFI token when arrive in market it was very poor in price but with in short of time we got puzzled due to know the price which is $43000. I was very much confused. Losts of questions arrived in my mind how it is possible? Is it legit or scam? But i hear that it was defi project. Now the YFI token price is approximate $14000 instead of $43000. In this moment i can not agree with you that Defi booming again.
I think that in answering this question, it is definitely not possible to generalize all DeFi projects. Only very promising projects from this industry will have positive results and credibility in the cryptocurrency market. It cannot be otherwise. So far, these projects can be counted on the fingers of one hand.
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DeFi will be booming again because there is still a lot of hype going on, I think it will last until the end of the year when BTC reaches ATH then the DeFi project will follow.
What kind of booming do you believe in? I see no DeFi reason to boom or hype anymore, I often say that something built on hype won't last.
Just like ICO, DeFI hype will also be over because a lot of shitcoins about DeFi end up being scammers.
Yes i agree with you. Defi is not the issue to booming. It is one kind of Hype. Because there are lots of projects or token known as Defi but price is so low. Most of the people know that YFI is the defi projects and that is why the price is so high. This is absolutely wrong. It just one kind of Hype. I think it is better to other exchanges as well as coins.
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#DeFi is booming again with new projects like. Experience the power of residual income with @ORO staking.
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#DeFi is booming again with new projects like. Experience the power of residual income with @ORO staking.
Users' funds are safe while held on the staking contract, duly audited on a daily basis.
Check out app on your app store or https://oropocket.com
^ Staking projects that are not really believed to be very risky. I am wondering if you are part of the @oro team, if so, then include what can make users safe when staking their funds on oro.
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Usually such events occur only once and the repeated popularity of Defi projects is unlikely to come. We may see a small increase in this particular industry in cryptocurrency. No more than that.
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Defi is always booming and also famous. However, currently the market is very unstable. So it will be easy to see how the market prospects are.
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I will take the positive side of the DeFi project, boom or not, this project is contributing a small portion of investors' funds to the crypto realm, the crypto market capitalization has increased due to this project, the popularity of the Ethereum platform is more trusted after many ICO scams in 2018.
The situation of the crypto market is unpredictable, however the DeFi project developers, managed to give confidence to the world, with high token prices and with the decentralized financial system they offer.
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indeed now there are a lot of defi project that are scam and feel sad also maybe its better to invest in coins that already have a good reputation and a clear market and a clear roadmap .
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The Total Value Locked(TVL) in DeFi space had reached its heights on Sep 02, 2020, with $9.6 billion locked. Unfortunately, it fell to the lowest point at $6.8 billion on Sep 09, 2020, but bounced back within hours. Currently, $7.24 billion is the valve locked in DeFi. Will Defi Boom again?
Source: https://the Url is blocked due to spam/news/is-defi-booming-again/
This post has a lot information about defi howbthere going through. I wanna say it still getting lots of hype here and there. A good project always reach their goal either its defi or IEO. However i personally love defi to become anonymou.
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The DeFi boom has passed, only its echoes remain, on which unscrupulous projects want to cash in. The next boom is expected to be with projects (non-fungible tokens, NFT). The most successful case of NFT farming is the Meme project, which rewards MEME token liquidity providers and those who simply stakes MEME with exclusive NFTs. More precisely, they receive from one to five points daily, "pineapples", which can be exchanged for limited NFTs at a fixed price. Coingecko, CoinMarketCap and Binance are not DeFi projects or DAOs, but they are also experimenting with NFT as a means of increasing loyalty to the brand. Members of the Bankless and WhalePunks communities are rewarded for their contributions with NFT membership badges. So I think the future boom is for NFT.
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The DeFi boom has passed, only its echoes remain, on which unscrupulous projects want to cash in. The next boom is expected to be with projects (non-fungible tokens, NFT). The most successful case of NFT farming is the Meme project, which rewards MEME token liquidity providers and those who simply stakes MEME with exclusive NFTs. More precisely, they receive from one to five points daily, "pineapples", which can be exchanged for limited NFTs at a fixed price. Coingecko, CoinMarketCap and Binance are not DeFi projects or DAOs, but they are also experimenting with NFT as a means of increasing loyalty to the brand. Members of the Bankless and WhalePunks communities are rewarded for their contributions with NFT membership badges. So I think the future boom is for NFT.
Every new system implemented in crypto always starts with a positive thing, but again, all systems that are made as good as anything are if those behind it are old players who are only looking for profit, there is no benefit.
it is better to select the main thing from all that will be done so that it is not always repeated and there can be no solution.
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I think defi hype already over and Defi will not booming again, so it's very hard for now to gain so many profits from defi project.
Now I think we should start to look the good project with a bright future that can survive in the market not only project that listed for a short time
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A new boom in the field of DeFi is possible. But this market must cool down first. It is overheated and the tokens are overbought. The market needs to cool down. Then, after some time, it is possible that hype will come to the market again. But new ideas are needed for a new hype. For example, DeFi bonds.
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I have visited several crypto sites and saw new DeFi tokens in each article, I think we have seen a lot of DeFi projects nowadays, almost the same when some new projects use blockchain sentences in 2017, this trend will continue, meaning DeFi project will continue exist, they are taking advantage of the Hype to attract new investors, but we need to be careful not to be fooled by the many DeFi projects such as the ICO project review in 2017.
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I have visited several crypto sites and saw new DeFi tokens in each article, I think we have seen a lot of DeFi projects nowadays, almost the same when some new projects use blockchain sentences in 2017, this trend will continue, meaning DeFi project will continue exist, they are taking advantage of the Hype to attract new investors, but we need to be careful not to be fooled by the many DeFi projects such as the ICO project review in 2017.
The thing that was feared was when the ICO began to grow when it was very promising at first and it was largely proven, many projects were successful and many also enjoyed the benefits at that time. time went by, people started to greed themselves by committing a lot of fraud and finally the ICO was abandoned because investors were no longer interested.
after the ICO also appeared IEO and it seemed the same as the ICO and even there were no surprises made even though many projects were also successful but at times were not big, now IEOs seem like they have no masters many have disappeared.
now the phenomenon is on Defi and this is even very surprising, because many tokens are towering. beyond anyone's prediction that defi could make a surge that attracted many. but then again every time there is a good project there will be many people who play for profit with things that are not praiseworthy. if that goes on then the defi story will be left with the same memories as the others.
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It is interesting to see how funds from other cryptocurrency projects will flow into Defi projects. Perhaps this direction will be very popular in the future. The technology itself is much better than conventional banks.
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There are many DeFi projects. Bounty of some DeFi projects is underway. I think they will be successful. Because the previous projects were successful. So the existing defi projects in the market are good.
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I think it has not finished yet. The topic has not yet fully exhausted itself, and so far there is nothing new to offer the market. Therefore, I think next year we will continue to observe an abundant appearance of such projects.
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Still to come. defi continues. Now, in fact, only funds have been raised. But so far have little time to realize. As soon as people see the results, everything will continue... Let's begin
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For now, DeFi is still booming It still has very good acceptance by investors. Moreover, right now, we can also have again more new DeFi projects to recommend. Although not all of the Defi projects are legit but at least right now, they are what we are looking for. For hype? Maybe, that is why we must be more and more careful.
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I'm a little worried about this defi project. Most of them only follow defi projects that have been successful before. We know that currently Defi is really hype. However, we must also stay smart and vigilant to avoid various project scams such as previous models during ICO, IEO, ITO, and others.
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Yes, of course, I also think so about the progress of Defi projects. But, how is the quality of the projects? SO far, like the previous projects, Defi is also utilized by scammers to earn money. Many scammers make scam projects about Defi and they also use scam swap tokens. In this case, I believe Defi is good, but we must be carful in we are going to invest in it
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A new boom in the field of DeFi is possible. But this market must cool down first. It is overheated and the tokens are overbought. The market needs to cool down. Then, after some time, it is possible that hype will come to the market again. But new ideas are needed for a new hype. For example, DeFi bonds.
The market is too saturated with DeFi, lots of losers due to investment in DeFi project, I'm not sure the DeFi hype will go up again.
and for DeFi bonds are you sure it's a good idea? It would be great if you explained the concept of DeFi bonds.
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In my opinion, when the altcoins season occurs, Defi will be able to boom again. Because I see Defi coins are getting more and more diverse, and are also getting famous and have a lot of enthusiasts. So that when the altcoins season later this Defi coin will be able to compete with other potential altcoins.