Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: dragononcrypto on February 07, 2021, 12:01:21 PM
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Interest in DeFi continues to soar this week with a projected new ATH for google searches. This would be the most interest recorded for defi searches since April and September 2020. Hardly surprising given that all DeFi indexes (Nasdaq, Binance and FTX) have already broken to all time high.
(https://i.imgur.com/f09rSdi.png)
In comparison to Ethereum and crypto search terms that are moving towards ATH in interest, blockchain and defi remain at relative lows (16 and 9 respectively).
(https://i.imgur.com/1jVFTY0.png)
Will the trend continue, is this only the beginning? Or is interest too high and investors will soon lose interest ?
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Interest in DeFI Google searches are growing every week. Investors are looking for DeFi spaces in exchanges. I am also looking. By the end of 2021, the number of searches will increase. Because the number of investors in the market is constantly increasing. DeFi tokens have a wide range of services, so trading is happening.
DeFi tokens are growing in popularity as they are based on the Ethereum platform. The price of ETH like defi is increasing with the improvement.
I think the trend of development will continue. Even if investors lose confidence in the short term, they will benefit in the long run. So I think everyone will find their share of the profits.
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TBH, it's just the beginning of DeFi hype as alt season is on the way. Also, Ethereum's searching rank is on top level which indicates that eth will carry all those Defi projects with it's new ATH as more and more defi projects on eth blockchain is doing great instead of high amount of gas fees. If eth gas fee become normal, than defi hype will be on the "Blockchain" or even "CryptoCurreny" searching rates.
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This really has a positive effect on cryptocurrency in general. And I am very glad that people are more and more interested in her. From this, the price may rise even more.
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I thought that the growth would continue for two to three weeks and the market would go to a correction, but judging by the results of Google, the growth will continue as requests for record highs.
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Yes Binance already uppped more than 100 dollar and starting to improve more . I think it would be next litecoin in cryptocurrencies market. It's a good investment plafrorm which already given investors a lots of profits.
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Now it's getting interesting 8)
(https://i.imgur.com/zQG9Pn1.png)
The dotted line of google trends ATH has arrived for crypto interest ;D
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In general, many investors search for defi tokens on Google to search for DeFi. New projects are constantly gaining importance in the cryptocurrency market. At the same time new defi are more important. As the level of investment increases, it is now understood that binance smartchain is much more important. Because its security is much higher. But now the defi tokens are a bit better.
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It seems that the strong DeFi wave is longer than we think, the community continues to have steady profits from the lending protocol or farming from liquidity pool, this is not a bubble because the source of profits is perfectly clear.
In the future, as the crypto winter happens, maybe the number of transactions will decrease, the value of transaction costs will decrease, the profits from liquidity pools will decrease, the interest in DeFi will decrease, but that is not in 2021. Because even if the bullrun ends in the 2nd quarter 2021, number of transactions will be very large when people sell to take profits, the profit from the liquidity pool is still extremely large.
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It seems that the strong DeFi wave is longer than we think, the community continues to have steady profits from the lending protocol or farming from liquidity pool, this is not a bubble because the source of profits is perfectly clear.
In the future, as the crypto winter happens, maybe the number of transactions will decrease, the value of transaction costs will decrease, the profits from liquidity pools will decrease, the interest in DeFi will decrease, but that is not in 2021. Because even if the bullrun ends in the 2nd quarter 2021, number of transactions will be very large when people sell to take profits, the profit from the liquidity pool is still extremely large.
Most of it looks overvalued from a usd perspective, but otherwise a lot is still at discounts to bitcoin and ethereum. While some investors are taking 2-4x profits on recent fiat investments (often at a BTC/ETH loss), others are buying the discounts with btc & eth it seems. Knowing that a fiat correction isn't a concern if you can increase your satoshi or ether stash in the process ;)
I feel like I've finally learnt why the market pumps so hard, not because investors are over-speculating, but because bitcoin investors come later than fiat investors, and ethereum investors are always last to the party as it's only just starting to look good on the chart 8)