Is Defi Booming Again?

[babu10]

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.

[franch]

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.

[Jaephoenix]

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

[Astra]

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.

[I-Bit]

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.

[Mexite]

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.

[ayatoslaw]

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.

[Raboni]

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.

[ranaprime]

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. 

[Ace H Knows]

I think no it continues to fall down the YFI token is dumping day by day that's why don't expect.

[ayatoslaw]

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.

[ShadowCrypto]

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...

[mohdelayo]

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.

[Blue_sea]

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.   

[IyemRoker]

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.