Have been into DeFi for sometime now and have seen the ups and downside of defi, enjoyed benefits like juicy farm rewards, High APY & APR, same time seen some disadvantages like rug pull, expoilt, weird UI, high swapping fees when it comes to any DeFi platform launched on the ETH network, at first I did enjoyed pancakeswap Buh saw it as a less when I found DeFi on the Near blockchain, everything there looks cool, all of its DeFi projects are awesome and at same time safe. Remember always DYOR and never take advise blindly make sure the news is clear before u take ur actions
Good luck.
Topic: Best DeFi Projcet 2021-2022 - page 8. (Read 1058 times)
I personally will try to put bitcoin defi as the main defi to be considered as promising defi this year. I have been seeing sovryn, stack, ICP as the next defi projects that needs consideration. Remember that defi in the smartcontract blockchain already become a mainstream defi and we need something new and bitcoin defi was the answer consider we are only seeing a few bitcoin defi that exist in the market. The defi like sovryn was also working with el salvador to provide bitcoin backed stable coin for the country. That's a very interesting defi to be considered as the best defi project this year.
I have bought bitcoin defi coins and im storing all of my defi coins now.
I have bought bitcoin defi coins and im storing all of my defi coins now.
Hence the greed begins when people believe that these currencies will continue to rise for a long time, when corrections begin, they will be strong and may witness a sharp decline.
Most currencies that witness sharp corrections die and may not be able to return to those peaks again, so the best time to sell is when you make a reasonable profit instead of greed and trying to earn more.
DeFi Projcet was trend of this stage, just like ICOs and Hardfork in 2017.
Most currencies that witness sharp corrections die and may not be able to return to those peaks again, so the best time to sell is when you make a reasonable profit instead of greed and trying to earn more.
DeFi Projcet was trend of this stage, just like ICOs and Hardfork in 2017.
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Trade shitcoins now if you are experienced trader, invest after market crash.
I think your advice is trade mid and small cap coins, not shit coins99.99% of coins are shitcoins. There are only few projects (like 3-5) that are worth investment and all of them are overpriced or well priced right now. I dare to say that their strong fundamentials wont translate into higher returns during bubble we are currently in. The fact is that if you want to max out your profits from bubble, the best strategy right now is to trade the most popular shitcoins with decent volume and volatility (damn did I just described shiba - shitcoin with decent volume and volatlity...)
Its not the best investment time. Good time to invest was in 2018-2020. Good time to invest will be in 2023-2024. Now its take profit time or trade the most hyped projects. Fundamentials does not make any different right now. Of cours its better to invest in something that have value grater than zero, because it will not dump 95% in one week during market crash but better project does not mean it will gain more.
Investment should be done with projects that have good fundamentals and in bear market. Don't chase the market, and don't invest in mid of bull market. You believe it is mid of a bull market but are you sure (investor) that it won't be a mid but a top of bull market. Who knows?Quote
Trade shitcoins now if you are experienced trader, invest after market crash.
I think your advice is trade mid and small cap coins, not shit coins In your opinion, what is the DeFi project to keep on radar and study and which DeFi projects do you consider new gems and have you already bought them?
Its not the best investment time. Good time to invest was in 2018-2020. Good time to invest will be in 2023-2024. Now its take profit time or trade the most hyped projects. Fundamentials does not make any different right now. Of cours its better to invest in something that have value grater than zero, because it will not dump 95% in one week during market crash but better project does not mean it will gain more. Trade shitcoins now if you are experienced trader, invest after market crash.
There's just too many and it's hard to keep with with all of them. Coinmarketcap and Coingecko has a page for them for easier viewing. I'm not mentioning any projects since I'm also not sure if it's 100% legitimate. Sometimes what you thought as real could turn out as scam or a complete failure. Look into P2E projects if you want to narrow down your search. I think that's an area where DeFi will thrive for a long time.
People are richer in bull market and they get money too easily. They are not satisfied with profit they have earned and want to find new potential projects. They don't know that 90% of potential projects will die in bear market. 2020 or 2021 market is bigger and different than 2017 and 2018 market because with ventures, they won't invest in scam projects.However, not scam and really potential projects are not the same. Bear market will tell you a potential project in bull market can keep up their potential in bear market or they will lose it.
DeFi ecosystem is too big now and there are many competitors in this ecosystem. If you want to get safe investment, choose top ones but their prices are high and expensive. It means even they are top DeFi, they are risky because bear market can come anytime.
There's just too many and it's hard to keep with with all of them. Coinmarketcap and Coingecko has a page for them for easier viewing. I'm not mentioning any projects since I'm also not sure if it's 100% legitimate. Sometimes what you thought as real could turn out as scam or a complete failure. Look into P2E projects if you want to narrow down your search. I think that's an area where DeFi will thrive for a long time.
In your opinion, what is the DeFi project to keep on radar and study and which DeFi projects do you consider new gems and have you already bought them?
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