Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Selina31 on September 11, 2020, 12:27:28 PM
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Top Defi Gainers on September 11th:
1. YFI gains 11% and leads the market.
2. ZRX with 9% gain.
3. SNX makes gains with 4%.
Read the complete price analysis at https://the Url is blocked due to spam #Cpspam/news/top-defi-gainers-yfi-zrx-snx/
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Investors always intend to gamble, on Defi based tokens and step aside the risk associated in it, thats why no matter what happens in the name of profit they will do it as always crypto investors are a risk-taker.
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Top Defi Gainers on September 11th:
1. YFI gains 11% and leads the market.
2. ZRX with 9% gain.
3. SNX makes gains with 4%.
Read the complete price analysis at https://the Url is blocked due to spam #Cpspam/news/top-defi-gainers-yfi-zrx-snx/
Even if the YFI token surpassed bitcoin in price several times, it still did not become the leader of the cryptocurrency market. Today it is priced at $ 31,996, but it has a capitalization of less than $ 1 billion. Compared to bitcoin, which has over two hundred billion dollars of capitalization, this is almost nothing.
DeFi projects are very popular now and attract a lot of attention, including scammers. Several of them have already been declared fraudulent and this can seriously harm the cryptocurrency market.
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The recent general drop in the cryptocurrency market has also led to a drop in prices and DeFi projects. YFI token fell to $ 22,000. However, already now that the market has begun to recover, YFI has risen to $ 28,740. There has been a certain correction in the prices of DeFi tokens and this should positively affect the further overall growth of the entire market in the fourth quarter of this year.
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The recent general drop in the cryptocurrency market has also led to a drop in prices and DeFi projects. YFI token fell to $ 22,000. However, already now that the market has begun to recover, YFI has risen to $ 28,740. There has been a certain correction in the prices of DeFi tokens and this should positively affect the further overall growth of the entire market in the fourth quarter of this year.
Thats what I'm expecting because I believe YFI token is the most overprices cryptocurrency to date, I believe that more Defi tokens will be experiencing a price drop soon and many investors will facing huge losses because most of Defi projects has no value but just a pure bubble that ready to explode.
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It remains to believe in the new growth of the Defi token market, a lot of interesting projects, I hope they will shoot cool after the growth of Bitcoin! We will see the Defi rally again - this event was started in the fall!
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Defi projects are giving very good performance in the market the new currency is included in most of the projects of the crypto market as bitcoin price rises these projects will improve their companies. These defi projects can give much better performance as new to the market but how high the defi tokens will be depends on their needs.
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Defi is only at the beginning of its development, I think there will be many more projects with the prospect of development in the cryptoindustry. I think 2021 will be the year of Defi again.
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At present, the price of every cryptocurrency has started declining. None of us should wait. Similarly, the prices of DeFi have started falling. So we must be patient. There will be better times for DeFi.
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Defi tokens are currently a little worse. But I believe it will be much better in the future. There was a lot of investment in the market, when DeFi tokens first arrived in the market, there was a lot more investment, more successful.
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DeFi tokens are very popular nowadays because many investors have been able to invest to benefit from financial services when they are new to the market. So it has been successful despite the huge demand.
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The popularity of DeFi really continues to grow and the total amount of Ethereum and other coins frozen in similar projects is also growing. This indicates that more DeFi projects will emerge, and the prices of existing DeFi coins will rise, but the trend may decline at any time, so you need to be careful.
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YFI, ZRX, SNX are much more popular currencies. So I think these are on the investment list of traders. These are known as popular currencies all over the world. So the future of currencies is good.
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DeFi is much more popular nowadays. Cryptocurrencies occupy a much larger place in the market. So I think it is at the top of popularity. So now there is a lot of investment and trade. The popularity of YFI is much higher.
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DeFi services have become much more popular around the world. So I think DeFi tokens are important for the market.
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Defi was really a discovery this year, I think we will see more than one project in Defi that will make a lot of people rich - this area still requires new solutions!