Is Defi Booming Again?

[Jaya60]

At the present time, it is seen that all the people are leaning towards the DeFi project. And many have made a good profit by investing in it. Seeing this, almost all the investors are investing in it, which is why the popularity of Ki Coin has increased so much. But investing in it is a bit risky because it can be hacked at any time but they don't follow it and they see that the profit is high. That is why it is seen that despite having Juki, they are investing in it.

[Blue_sea]

Very beginning of defi make a bull run for this reason we see that 1 YFI token price approximate $45000. That was unbelievable but true. That was the power of defi. Now defi projects get downtrend but it is not the fact it will increase again.   

[Thymoty]

I think the DeFi market will move up significantly until the end of this year, following the upward trend in bitcoin. But it won't last long, because almost all DeFi projects have the same features and services, and that's why the market is getting saturated.

[Riya143]

DeFi tokens are likely to boom again. Because there are many investors currently in the market, who are currently at a loss. Investors must be patient, because patience is the key to success. So I would say those who are investors in the market and those who have invested in DeFi tokens should be patient. Because the project teams are mostly committed. They are constantly working for the project. I think DeFi will be booming again. So everyone has to be patient.

[smt_nirwana_01]

This popularization of burial has benefited some crooks. now I see burials everywhere. Please everyone be careful. There are many malevolent people using it.

[Sentinel]

DeFi is indeed a new coin that is immediately booming. Some of these coins from DeFi are very good and immediately attract a lot of investors. No wonder now coins from DeFi are booming again.

[Carbitcoin]

Undoubtedly, I would not like to compare DeFi and ICO, since they are very different from each other, since ico is a way to attract finance, and DeFi is a project's belonging to decentralized finance. But still, there is a similarity between them, and first of all it is independence and excitement around projects. It is the lack of certain control or influence on the developers of new projects that generates a large wave of fraud in DeFi, as it was in the ICO. I am most worried about the fact that due to fraud, large amounts of money will go not to the cryptocurrency market, for the development of promising projects, but to the pockets of fraudsters. But nevertheless, some DeFi projects are really very needed and will be in demand in society, like some independent and anonymous cryptocurrencies.

[aiviaa485]

You could say it's booming too, because slowly by slowly the coins that have advantages in DeFi increase in price a little.
But there are also some of these DeFi coins whose prices have continued to fall and are difficult to get back up because DeFi is also like other cryptocurrencies that are not stable.

I hope DeFi if it wants to go down once the dump so that it can be bought at the lowest price.

[Tanimariya]

The market was very excited about the DeFi projects. But at present, investors do not see such investment excitement. The level of investment in those DeFi tokens has greatly decreased. The market is in dire straits. If the DeFi can't bring back its previous reputation, there will be a big loss. So I think the market must be patient to improve. So everyone is waiting for the improvement of DeFi in the market.

[Dora Walletinvestor]

Just take precaution on some Defi projects because it's very clear that most of them are not legit, instead, a fly by night project that was only after with our money the proliferation of Defi base tokens nowadays is comparable to the 2017 crypto Bubble that was driven by HYPE.

I agree with you on this. Sometimes it's really hard to tell apart what is a scam and what is legit, but other times it just seems obvious that something is not trustworthy and it's hard to watch that so many scammers still manage to make money on this.

Very necessary to be cautious at all times. Cryptocurrency is a place where you cannot get back your money once lost. Your investment into DeFi must be done with enough evidences that the token you are aiming for is legit. As long as possible do not go with the flow when hype occur. Invest your money into the right product.

I agree, we must be careful about where we put our money and not go with the hype mindlessly.

[Jaephoenix]

I think the DeFi bubble has already bursted before the US Elections, because it reached its peak and was stagnating. I think it is going to be reinvented and people would invest hugely again

[Lenipiw]

There are many precautions to take when investing in DeFi tokens. A few days ago DeFi had a great future, that’s what I was optimistic about. But at the present time the value and prestige has decreased a lot. But in the future I think it will be able to hold on to the previous position. So everyone has to be patient. Cryptocurrency market recovery takes a long time. So I think DeFi will take time to recover.

[tervel]

 The value in DeFi continues to make new all-time highs. Such high levels of interest in this segment of crypto suggest that it has more room, despite the massive losses incurred over the past two months.

[Fenix]

DeFi projects, as well as others, are found to be useful as well as useless and even fraudulent.  Therefore, some DeFi projects will flourish while others disappear from this market.  However, I see that our former price record holder YFI token is gradually reviving again and today has already risen from about $ 8,000 to $ 15,817, and the capitalization from $ 240 million to the current $ 474 million.  So it's not all bad with DeFi projects.

[Dociko]

Your information is friendly. Defi There were new surprises in the cryptocurrency market. Until recently, there was a lot of investment and trade in DeFi. Investors think DeFi will still be soap. However, the total amount of assets in the market has decreased a little at present. All projects are controlled by blockchain technology. So I think these will definitely be able to get the same popularity as before. In other words, it has taken the place of a huge part of the human mind. Will expand in the future. When there are new cryptocurrencies in the market, investors will increase the level of investment.