Topic: All Top 10 DeFi Tokens on coinmarketcap in Loss - page 4. (Read 1078 times)
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But it's not just the DeFi coin that's down. The whole crypto market is now bearish. You know, Bitcoin's price has been rising over the past few months, as have altcoins too. The collapse of the market now is undoubtedly a correction. I hope the crypto market will be uptrend again after the correction.
As expected. Feel sorry for those who blinded again by the hype thinking no way the rise won't be destroyed. Latecomers surely can't sleep properly at night.
But still, congratulations to those who able to ride.
Been seeing disappointment posts and regrets on some traders group in social media. FOMO really struck them and some even shifted the majority of their holding to this Defi tokens. Should serve that as a lesson in case there's another token on a crazy hype again.
But still, congratulations to those who able to ride.
Been seeing disappointment posts and regrets on some traders group in social media. FOMO really struck them and some even shifted the majority of their holding to this Defi tokens. Should serve that as a lesson in case there's another token on a crazy hype again.
This is no new, Correction hits on Defi tokens along with other market coins, This can be a piece of good news to those who are still planning to buy some coins, You can consider this time to buy, I expect price gains for some Defi tokens after this dump. As we see these tokens were pumped and gained value fast so we should expect to lose it's value fast also.
This is just one of the things one need to understand about the crypto space, that is, after a long period of growth, there is always a time for correction, no one can predict it, it's just something that happens. Also, just like no one can actually know how long a green market will last, in the same way, no one can know how long a bloody market can be. In my own opinion, I think it's better to wait for a while, and even if one needs to buy I would strongly suggest major coins which have the higher potential of bouncing back as soon as the market is favourable again.
and today Chainlink was 10 USD , so every single token lost a lot today. Today was a huige red day, bloo bath. Unfortunately this shows that recent rally was a failed attempt of breaking 12k resistance, again. This means that we will not see new ath soon, maybe ww will have to wait another year before next attempt.
it is a correction after strong move upside, where this correction will end, it is an important question, since long correction could pull down whole crypto market
at the moment, IMO it is best to wait a bit to see how the things are going to roll out in the following days
Correction in cryptocurrency industry is inevitable, as such we're into the correction period. During this period, don't be surprise to see dipper corrections from the market and from major coins and tokens in the market. At this junction, defi coins should be kept safe because the market will rebounces back to continue its bullishness. Currently, am buying chainlinks for my future profits because it's a good project with high caliber of individuals as project team. at the moment, IMO it is best to wait a bit to see how the things are going to roll out in the following days
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?
It was to be expected, it was impossible for this bubble to continue, I could see the merits of some DeFi projects but in no way this guaranteed the fortunes we saw being invested in those coins and finally the market is reacting to this truth, I do not have any interest in investing in those projects but for those that do this is the moment to wait and let the market run its course, and finally once all the hype dies down you can buy some of the best coins at a cheap price and hold them for some time and obtain some easy profits. What do you guys think, time to invest or it's finally dead?
Because of BTC down. But I don't think so this will be a good choice to invest in. I think they should go down more. As you can see the DeFi is on HYIP so you should take steps carefully. wrong steps can be dangerous. As you know about YAM? price was 180$+ now less than 1$. be careful before invest.
now all Defi projects will be dumped. I believe that any investment in these projects is very dangerous. We see now that the market is showing us that we do not need to trust defiall fell very deep, almost a 100% decline occurred in altcoins, very terrible
Because of BTC down. But I don't think so this will be a good choice to invest in. I think they should go down more. As you can see the DeFi is on HYIP so you should take steps carefully. wrong steps can be dangerous. As you know about YAM? price was 180$+ now less than 1$. be careful before invest.
now all Defi projects will be dumped. I believe that any investment in these projects is very dangerous. We see now that the market is showing us that we do not need to trust defi 
I think the decline in coin prices as you have presented above is a form of market correction. but if you want to invest when the coin price is down it is not a problem, it's just that I would not recommend with the DEFI project, I have heard a lot that most DEFI projects end with scams, such as UBI, SUSHI, YAM and maybe many more that I haven't know.
There are still DeFi projects that are not scam especially those who are already in the market even before the hype. Those project that you mention above just appear instantly and got only attention due to hype not really about their project so dont just invest because of hype better know the project at all. 
I think the decline in coin prices as you have presented above is a form of market correction. but if you want to invest when the coin price is down it is not a problem, it's just that I would not recommend with the DEFI project, I have heard a lot that most DEFI projects end with scams, such as UBI, SUSHI, YAM and maybe many more that I haven't know.
I am thankful I didn't enter any of these DeFi coins hahaha.
DeFi are tokens, not coins. Coinmarketcap made specific changes to what it consider coins and what it consider tokens :
https://coinmarketcap.com/coins/
https://coinmarketcap.com/tokens/
To view only DeFi tokens, from all tokens :
https://coinmarketcap.com/defi/
Maybe it is time users start to use the same definition and also remember that coinmarketcap has a separate marketcap ranking for both coins and tokens.
https://coinmarketcap.com just throws coins and tokens together, making it a 'comparing apples with oranges' kind of situation by now.
I think we should avoid referencing that one at all.
Also a warning : do not get trapped in DeFi token projects, they have fees for interacting with DeFi protocols that can run up to $100.
These fees are different from the gas fee.
I am just glad i am in a PoW coin that has very low average transaction fees ($0.004), settles transactions (send, receive, spend) within a few seconds, has protection against double spending, has protection against 51% attacks and function as digital cash.
Its name : Dash
You can even stake Dash on Binance : https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb
Source : Binance (see above link)
Be smart, use Dash !
Because of BTC down. But I don't think so this will be a good choice to invest in. I think they should go down more. As you can see the DeFi is on HYIP so you should take steps carefully. wrong steps can be dangerous. As you know about YAM? price was 180$+ now less than 1$. be careful before invest.
Even the price of bitcoin was in huge red after a good bullish rally, so I guess the crypto market is in correction but talking about the defi projects alone some of there are getting dumped more than 20% in a day which not really normal so people who are holding such tokens should be really careful.
There are also defined project dumped more than 50% of its price and that's not good sign if you are a long term investors. This is only proven that you should not trust too much on the market hype if you don't want to lose big . Better to invest in a project that is proven already not those project come with just a new idea and make a hype for their project.
Talking about the defi tokens especially it is not only crashed so there might be a chance for the prices to get recovered but not all so play with the risks for huge profits or invest on bitcoin for long term profits.
This is no loss as the entire market has dumped so it is likely that every coin is dumping along. The best thing to do right now is to take a break, have some fun and watch the charts and just hodl your assets. Don't panic sell and you have nothing to lose. Curently my portfolio is down by 4 figures and its pretty normal if you have been in this industry for long.
Stock market is also in the red after the news of China dumping the US bonds that it was collecting from a long period of time and is now finally selling the bonds due to the tensions between the two. I have been watching the stock market since long and the market is also responding exactly the same to this news just like the crypto market, everywhere there is red and selling pressure is higher than the buying pressure and I don't blame DeFi and surely this isn't the end of the DeFi tokens and they will again rise after this small dump.Here is the link to the news article LINK
Even the price of bitcoin was in huge red after a good bullish rally, so I guess the crypto market is in correction but talking about the defi projects alone some of there are getting dumped more than 20% in a day which not really normal so people who are holding such tokens should be really careful.
There are also defined project dumped more than 50% of its price and that's not good sign if you are a long term investors. This is only proven that you should not trust too much on the market hype if you don't want to lose big . Better to invest in a project that is proven already not those project come with just a new idea and make a hype for their project.
Nope the market is crashing including major coins so expect a good retracement from other defi projects too. I dont know but we can see a big change whether defi could still roll on booming on the market from this bearish sentiment.
I am keeping some usdt for some buybacks just in case the market crash suddenly.
I am keeping some usdt for some buybacks just in case the market crash suddenly.
I am thankful I didn't enter any of these DeFi coins hahaha.
Especially I am watching closely the Compound last few days when it was around $250+ in Binance. But what I thought before is I will wait for a small pullback on it, but jeez! It falls below $200, and I don't think it's good to buy now, it's difficult to catch a falling knife, lol.
and look at chainlink too dont only on Defi project . price dropping may still continue in few day or week again and waiting price consolidation will be good decision for us. catcing a falling knife was very dangerous way, it represent investors still panic selling . Defi project actually there is no speciality at all , everything moved by hype . Especially I am watching closely the Compound last few days when it was around $250+ in Binance. But what I thought before is I will wait for a small pullback on it, but jeez! It falls below $200, and I don't think it's good to buy now, it's difficult to catch a falling knife, lol.
This is no loss as the entire market has dumped so it is likely that every coin is dumping along. The best thing to do right now is to take a break, have some fun and watch the charts and just hodl your assets. Don't panic sell and you have nothing to lose. Curently my portfolio is down by 4 figures and its pretty normal if you have been in this industry for long.
You can call it a price correction since in the past months, the market went up massively with little consolidation for alts. You can consider a buyback on those DeFi tokens once there is a trend reversal, and right now, I can't see any signs of it. Let's see in a few weeks if there will be some confirmations based on the price movement, but on my side, I wouldn't risk a buyback unless I can confirm a reversal.
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