Decentralized exchange token prices soared - page 2.

Vaculin

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Winding down.

Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

That it needs to have a market deal and if investors will consider them to have potentials, that might be sustaining but since they are just new projects, can't be like that. One thing that could help these projects to keep their momentum is to have a use case project, I'm doubtful if they have. Or this hypes is somewhat in question or have someone shill and manipulated the price.

So before investing in them, you'd rather have to dig into these projects just to have some hints otherwise, it might a bull trap.

Beparanf

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Whales thinking this same reason and they are the main reason why the DEX trend start all over again but remember that this whales main goal is to have profit. They will small fish money once they the total ordebook is sufficient to there holdings to take profit. Its still safe now to buy DEX tokens since it was already undervalued ut once Bitcoin once again make a move downward, I'm sure that these DEX tokens will be the one that will be severely affected.

traderethereum

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

As long as you can take part and make a profit from those decentralized tokens, that will be your benefit because at this moment, while the bitcoin price moves not good, you can still make money from some coins.
Maybe those tokens can increase more than now but that depends on how crypto market situation.
People search for the coins to trade and make money and they are moving from bitcoin into an altcoin and then moves into dex tokens if they can not get it from bitcoin and altcoins.
I do not have any idea if Dex tokens will be the next hot spot but I guess some investors still focus on accumulating more bitcoin at the current price.

towi078

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I think it's natural that there is an increase in the use of DEX as a result of the Chinese government's ban on providing services to Chinese citizens, which results in an increase in the price of DEX tokens. And I believe, soon it will also have an impact on popular tokens or altcoins to increase in price

TravelMug

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

I don't think it has something to do with the Chinese news or FUD. Decentralized exchange tokens have been here for many years already and has a so-so performance. Maybe it was just right time to pump these coins, or it was just a coincidence.

Nevertheless, good for investors who have been holding this for a while, for sure you can easily take profits and then go on the next DEX to pump.

bitkanu

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Quote from: firesurfer on September 27, 2021, 10:51:58 AM

DEFI price increase causes Domain BTC.D to drop. Money flow will continue to trend towards altcoins.

What do you mean about domain BTC? if you meant BTC was causing this dump and people will still stay on the cex. what you're saying didn't fit the reality that happened in the market. it's not about money from bitcoin was moving to the altcoin but this is the different case that was involving the government from china. The regulators from china were making so many crypto platforms to prohibit people from china again.

Quote from: firesurfer on September 27, 2021, 10:51:58 AM

The strong ban from China is an opportunity for DEFI to raise prices and it makes sense. DEFI will be the main trend for many years to come.

Agreed, The decentralized exchange site might become the main key to take over the users that were getting prohibited on the several countries. DEFI trend will be last forever.

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Quote from: lumierre on September 28, 2021, 10:14:11 PM

Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

I gree with you that coins of decentralized exchanges are likely to grow now as many centralized exchanges like Huobi and Binance don't let new users from China to register if they don't use VPN. So they have to look for alternative variants, and decentralized exchanges are a good choice, but they don't support fiat money usually, so they can be used only for exchanging one crypto to another, what makes the process of adding capital quite difficult.

The best alternative for traders who have regulatory issues like China who have already been blocked from some centralized exchanges is decentralized exchanges. they can still trade crypto assets even though there are strict regulations in their country. but how do they make withdrawals for fiat?

Ekyfitri

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Quote from: suryogandul on September 28, 2021, 09:05:00 PM

Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

as reported the deFI project will be more crowded in the near future. This is evident in accordance with the Chinese government's decision to enforce these rules. but in my opinion the most important thing is how the market in the future looks like it will start to improve with the situation

next month until the end of this year will likely belong to the DeFi project. DeFi coins are surging pretty well, we have a lot of chances to see the market will grow again. Now maybe it's not too late, hurry up and fill your bags and party for the end of the year.

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

I gree with you that coins of decentralized exchanges are likely to grow now as many centralized exchanges like Huobi and Binance don't let new users from China to register if they don't use VPN. So they have to look for alternative variants, and decentralized exchanges are a good choice, but they don't support fiat money usually, so they can be used only for exchanging one crypto to another, what makes the process of adding capital quite difficult.

suryogandul

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

as reported the deFI project will be more crowded in the near future. This is evident in accordance with the Chinese government's decision to enforce these rules. but in my opinion the most important thing is how the market in the future looks like it will start to improve with the situation

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

People have no choice and they must trade on the decentralized exchange site to be able to access the trading features. The decentralized exchange site will not make KYC as mandatory and they can trade on such platform anytime without worry for their accounts to be banned. this is making the price is increasing gradually. The bad news from china was slowly triggering the adoption for the dex. This is good but at the same time it will be giving bad impact to the cex as it must ban more countries from its services. that means less money will be on its daily trade volume as we know that there are lots of big trader were also coming from the china. The dex much more secure compared with the cex.
I hope that this can also trigger the dex developers to create more and more innovative features

firesurfer

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DEFI price increase causes Domain BTC.D to drop. Money flow will continue to trend towards altcoins.
The strong ban from China is an opportunity for DEFI to raise prices and it makes sense. DEFI will be the main trend for many years to come.

Teknisi88

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Looking at the various dYdX news and projects from last year, I see that the future looks very positive for dYdX.
However to ascertain whether it will rise or fall in 2021-2022 no one can say with 100% certainty whether dYdX will go up, but in practice I see that many cryptos have increased by a large percentage in the past year.

Masyudhi

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Quote from: ivankoh on September 27, 2021, 08:53:57 AM

Markets ready to react to China FUD include Huobi banning Chinese users, Binance blocking fiat trading for Singapore citizens. Apparently the previous user's basic reaction was Withdrawal and Dex/defi proved more advantageous. At Dydx, Sov, and Uni all skyrocketed, showing a clear recovery. I think the rampage towards Defi will usher in another phase as soon as October.

I also have confidence that this rally will continue for the DeFi project market in the next month. the moment is being heated and DYDX has already become early to heat.
we'll see for more continuation because some observers are still signaling a small correction that may occur in bitcoin. but hopefully, that doesn't happen.

makishart

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

China's news were driving them all. I have been holding majority of my assets into the decentralized exchange tokens and almost all of my tokens were growing a lot. China's news was also making binance to re-evaluate its decision to accept the singaporean traders. It seems like china's news was giving big impact to the crypto.
that's why people are starting to put their assets into the decentralized exchange site. In my opinion that if the decentralized exchange site was more convenient compared with the sentralized exchange site that was easily to be taken down by the regulators. This will give people no choice rather than converting all of their assets into the decentralized exchange tokens or assets that was trading on the dex.
I guess more bad news will be driving people to leave from the centralized exchange site to the dex. this is just the matter of time. i must have loaded more DEX tokens lol.

ivankoh

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Markets ready to react to China FUD include Huobi banning Chinese users, Binance blocking fiat trading for Singapore citizens. Apparently the previous user's basic reaction was Withdrawal and Dex/defi proved more advantageous. At Dydx, Sov, and Uni all skyrocketed, showing a clear recovery. I think the rampage towards Defi will usher in another phase as soon as October.

RIPMABA

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The trend of DeFi has not passed. Decentralized exchanges are DAPPs that can truly practice the spirit of Satoshi Nakamoto. In fact, only continuous updates can make the project more perfect, and the development of DeFi is not even just starting.

freedomgo

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I have expected it already, but can you provide data for us to see what Decentralized exchanges are rising in volume at the moment?
China ban resulted in panic selling probably, at least from people in this country, so I guess they also have to pay for a high transaction fee or gas fee when they use a DEX (Decentralized exchange ).

It's good development of DEX as they are actually struggling since Binance and other Centralized exchanges had dominated the trading volume.

crzy

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Quote from: Bazley on September 27, 2021, 12:40:13 AM

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

That's the only option to be more safe away from any government regulations so its expected for them to get the hype while there's a panic on-going on most of the centralized exchange. This could be a great time for those DEX, but don't expect all of them to rise because for me only the top choices will rise since that could be more safer to invest and to spend your money.

Rahman11

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A large number of Chinese users will flood into the DeFi world, and the number of users of MetaMask and dYdX will greatly increase. All Chinese communities are discussing how to learn defi.

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