Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Selina31 on September 16, 2020, 12:26:44 PM
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1. SushiSwap is with 25.56% Loss.
2. Yearn.finance made a loss of 14.7% Loss.
3. Synthetix Network Token joins the losers list with 17.35% Loss.
Read more https://the Url is blocked due to spam #Cpspam/news/sushi-snx-yfi-tokens-losing-value/
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Now all promising cryptocurrencies are losing value. Bitcoin has now dropped in price to $ 10,455, ethereum to $ 343. The same happens with the tokens of DeFi projects. The YFI token is now priced at $ 24,626 and is showing a drop of 9.8 percent at a capitalization of $ 738 million, while the UNI token is valued at $ 4.39. At the same time, the level of the fall is even greater - 18.08 percent, and its capitalization dropped to $ 425 million.
Again, another price correction. Nothing, a little more and everything will grow again.
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Now all promising cryptocurrencies are losing value.
I think this is normal, the Defi project can lose value. When market demand decreases, the price will also decrease. We can only wait for the comeback
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Now all the coins and tokens in the cryptocurrency market have fallen in price, who is less, and who showed a decent fall. Therefore, it is absolutely logical that DeFi tokens have lost a certain part of their value. It would be highly suspicious if DeFi tokens continued to pump up the price. It would be more like an artificial pumping of prices. Many are already wary and wary of the high price of most DeFi tokens. If earlier there was some kind of imbalance in prices due to the hype, now everything should return to normal.