THE DEFI BUBBLE; A HYPE OR THE REAL DEAL IN CRYPTOCURRENCY

[tonymillions84]

The defi projects also known as decentralized finance has been the order of the day in cryptocurrency. defi projects has been skyrocketing. from Chainlink to SNX, kava, band protocol, Lend and so on has been having a smooth ride since june. do you think we are in the right direction and this will continue for how long.
Meanwhile tether has been minting tokens to support cryptocurrency and inflation.

[TomPluz]

In any phenomenon, eventually things will settle down and then when the smoke cleared we can determine which DeFi platforms can be considered as winners and losers. However, I think the "hotness" of DeFi will continue into 2021 unless something dramatic can happen that can make investors be afraid.

[Senin]

I consider DeFi projects quite real, because with the help of smart contracts they represent the services of loans, crediting, safekeeping and others, which were usually provided by banking institutions.
Even if now there is a certain excessive hype with these projects, it is even good, because in this way more people learn about new services.

[Jaephoenix]

I think DeFi is definitely the real deal. But with the way a lot of projects are cooking up products and slapping a sort of DeFi tag on it to sell, it may burst at it seams

[krypto4uvak]

Yes, we are on the right track. These landmark steps are making cryptocurrency even more popular. I love what is happening in the crypto industry right now.

[bigcash2011]

Only time will tell especially how will they perform when their growth slows down or stops but at the moment they are really trending and the use cases are real.

[Istiak]

This market is very crazy and peoples are heavily investing on DeFi project. There is still that hype is running and we have seen YFI token price which is a DeFi cross the price of BTC. Its shows how crazy this is and I think we should be careful about investing in those project and wait for it to cool down a little bit.

[wawan96]

if the price of bitcoin persists in the price of $ 11k- $ 12k possibility project Defi will survive long different if bitcoin huge decline I believe if bitcoin will affect the prices of all altcoin including Defi product is indeed assume many good products for financial but all will change if the product Defi is no longer generate profits for their investors and trade.

[Gurujebs]

Only time will tell, IEO were better form of initial exchange offering which attracted lots of attention and reduced the rate of scamming activity by some startups. Defi is not different either.
However, while some has real use product, there are some that are just written on papers that can not deliver anything.
Check the trend, its all about Defi and cool money are been made daily.

I'm conclusion, it's only time that can define success.

[MrSpasybo]

DeFi projects are growing too fast and their prices are greater than their real value. We all know the pledge-borrowing loop abuse to increase the price of DeFi tokens, I think that is the main reason that led to the recent DeFi boom.
I will not participate in any DeFi project

[tonymillions84]

Let it be known that this bubble in Defi will last for long and it will definitely change the dynamic system of the crypto ecosystem. it is also an opportunity for scams projects to re-appear just like the the days of ICO. investors should be careful on what they choose to put their money on.