Topic: All Top 10 DeFi Tokens on coinmarketcap in Loss (Read 1053 times)
YFI, which is the top DeFi project, has dropped its price and is now in the $ 10k range. More than 50% decrease in price compared to the highest price. I think DeFi will bounce back if there is more momentum but I think it will take a long time for DeFi to return to its highs. Crypto price will always fluctuate and we should not follow the trend for a moment if we do not understand about the project
after increasing for few month and now its decrease and you say will be dead project?
i guess not because all coin is decrease now not only defi its apply to all.
but more bigger for defi because of the hype make the volatile is high than other coin.
i guess not because all coin is decrease now not only defi its apply to all.
but more bigger for defi because of the hype make the volatile is high than other coin.
Top 10 DeFi Tokens by Market Capitalization on coinmarketcap are in Negative/Loss 20 Hours change.
What do you guys think, time to invest or it's finally dead?
Are you new to crypto?What do you guys think, time to invest or it's finally dead?
Because this isn't something extraordinary, it happens all the time, cryptocurrencies are highly volatile, yet they still aren't doing as bad as most of stocks.
Reconsider your views on correction of market.
At first some defi projects gave lucrative profits which caused a lot of investors to lose money by investing at this time. A new defi project is easily raising millions of volumes from uniswap and later the project dies. In fact they want to create a fake volume by spreading the net from uniswap. So my idea is to forget the defi project and also try to catch a good project but if you want you can invest in good currency of the past bages.
There are all the top 10 defi tokens in the coinmarketcap at a loss they are coming from the bounty campaign which puts a lot of risk in investing in these tokens most of its projects are scammed the price of this currency has come down a lot at the coinmarket cap. Most of the currencies in the market are running under the name of defi project but in case of investing in other currencies every trader has to invest by choosing the right currency with awareness.
What do you guys think, time to invest or it's finally dead?
The DeFi token red chart isn't over yet. I think this will continue. If we invest, we must be ready to lose, or be patient in waiting for price increases. This has a very long process. There are currently hundreds of DeFi tokens, so we don't know which DeFi tokens will last.
UNI token is one of the tokens that will last it has usage, it has a community and it has a lot of fo future, I still have my UNI token coming from the last airdrop and still waiting for the next big surge that will likely to happen anytime, DeFi or Decentralized Finance is here to stay they have a good roadmap and they are being adopted.
Not only those but also saw, a large numbers of defi tokens lost their value within overnight even some of them fighting with downfall of all time low condition. That's really a strange thing.although a large number of people in this forum, are already aganist defi tokens as they think defi is just a hyip, a brand new way o take money from innocent investors as well as traders.so need to be careful from defi hyip
What do you guys think, time to invest or it's finally dead?
The DeFi token red chart isn't over yet. I think this will continue. If we invest, we must be ready to lose, or be patient in waiting for price increases. This has a very long process. There are currently hundreds of DeFi tokens, so we don't know which DeFi tokens will last.
When bear market starts, it affects all coins and tokens with no exception, but when the market starts growing again, some coins and tokens can grow back with it while some might find it difficult to grow, and in some cases if the prices of such coins continues dropping, there is every possiblity that panic might set in, in the minds of investors and thus they might rush to sell which will lead to further drop in price. This is what happens in most projects and it is also wrong for the team to give users a reason to dump, which might include lack of update etc. Now having this in mind, I believe that, bear markets affect DeFi tokens as well, and hence it is now time for users to know the ones which have a serious team that are ready to work, transform the DeFi space etc, and the ones which were just growing as a result of Defi hype. The ones whose team are ready to work, can't die while those that grew because of hype, will.
the down fall of crypto market is recovering gradually but that leave a bad effect to defi investors cause dafi tokens prices are dropped irregularly than other altcoins. Although some people saw that as a opportunity to buy DeFi tokens at low price. and i think, they are in profit, at this moment. moreover crypto industry is still in a bullish condition. So it can be expected from defi, to recover their price fast and going higher again
We know how volatile the market not only for the old cryptos but most especially to the newer one such as those DeFi token and knowing the fact that investing in crypto has a much higher risk crypto enthusiasts should really do several strategies to avoid losses such for example with this top 10 DeFi projects. Let us still give these top rank DeFi a benefit of the doubt that it can still manage to maintain a good standing as well as its good value in the market.
DEFI token trading is riskier than other crypto coins and one major thing that maximum trading did not find the scam project in DEFI as it starts and more awareness and topics are needed to educate innocent traders which want to join DEFI projects especially the new projects.
Everything related to investing, especially in crypto, is very risky. That's why we have to study this ecosystem as best we can, and determine the right strategy and analysis. Most of the people only fomo, see popular trends and then join in, without realizing they join when the price is high. Then lose a lot of money when the price goes down, especially when BTC goes down, then blame that DeFi is a scam. Come on be wiser in addressing this matter. You can follow the trend, but we must be aware of the risks.
There is ssoooooooo many of them, I do not understand how the idea strike as top ranked. Sure every one of them put a little twist at the end there or whatever but all of them do the same exact thing over and over again with a different color ribbon at the top of it. Believe me when I say this, hot or not right now, this will go to garbage can one day as well, the idea is dime a dozen and nothing new there, it is simple as well and there is really nothing that makes it shine brighter than the other ones neither.
So, at the end of the day if you can stay away from it aside from.. maybe using it? You should definitely do that, defi projects these days look like they could very well be scammers as well, get all of your money and run with it, doesn't really look impossible if they are cheaters.
So, at the end of the day if you can stay away from it aside from.. maybe using it? You should definitely do that, defi projects these days look like they could very well be scammers as well, get all of your money and run with it, doesn't really look impossible if they are cheaters.
To be Honest, i have choose and will stick to Uniswap platform for my farming and any DEFI transaction as long as it is recommendable and recognized project. i thingk the DEFI sector is here to stay and will last long just like the financial sectors are dominating in everything that have to do with finance in the world. The defi project will last for long.
DEFI token trading is riskier than other crypto coins and one major thing that maximum trading did not find the scam project in DEFI as it starts and more awareness and topics are needed to educate innocent traders which want to join DEFI projects especially the new projects.
If you talk about risk, then whatever you do will have it even though the risk value has a difference from a small risk value and a large risk value, while for cryptocurrencies including the DeFi project this has a very high risk meaning you have to be careful when making transactions at DeFi platform. 
You can also include DIA in that list I invested in DIA when the price was about $3.2 and, now the price fell below $2. I hope it will start going back up once bitcoin stabilizes a bit. Right now, my major DeFi loss is coming from the DIA project.
I have stopped investing in defi coins for now. I've lost nearly 50%.
The current price looks like a correction but may fall again.
I do not think so. The defi trend is still very strong, new projects are born and the price is still x many times, Hakka, Hedge are a typical example. The problem is that you bought those defi coins at its highest level, after bitcoin corrected we will definitely lose money. As an investor, you should calculate the risks in advance and you should buy earlier before its price has pumped too high.The current price looks like a correction but may fall again.
For me, I will still hold my defi coins for another month. If the general economy remains bad, I will give up.
This bubble will explode after defi hype will finally end
I have stopped investing in defi coins for now. I've lost nearly 50%.
The current price looks like a correction but may fall again.
The current price looks like a correction but may fall again.
The whole premise of the original post is silly. A complete market has had a deep dip/consolidation, so DeFi projects followed that pattern. Regardless the hype, they are not resistant of the makro market movements, so if you believe in the long term success of the DeFi scene, now it could be a solid buying opportunity for sure.
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