Topic: DeFi Anticipated To Reach $5 Billion In Total Value - page 2. (Read 395 times)
Every project is now trying to become a DeFi project first BEAM announced about their DeFi product now ARPA is also announcing about DeFi product ( link) looks like every project wants to take advantage of this DeFi trend.
I think that $10 billion can be reached in the near future, see how fast they grow, I wonder how long it will last.
Crypto is so unpredictable, first it was ICO success in 2017 that bring a new breath into crypto market and now it's DeFi projects turn, I believe it's why Ethereum is been very bullish too, I do hope this continues and if it does be expecting a new altcoin season soon
self promote and self pumping $5billion is nothing to the whales, most is just on paper
Are there really so much hype around Defi that it could really reach $5 Billion?
Well, as defi projects have already managed to gain 1$ billion dollars in just 2 weeks and achieved the 2$ and 3$ billions dollars mark I think the 5$ billions one is very possible, this hype has potential for that.But we need to be realistic about it: such gains with high returns to investors aren't a good indicative of a solid investment. Even bitcoin when rised too fast (in 2017 bull run) created a false sensation of easy profit and then many people bought bitcoins for 14,000$ - 20,000$ and haven't recovered their investments so far.
It went from $1 billion to on $3.7 billion within less than two months. While I think it's a crazy time to be putting money in due to the high risk of oversold conditions, $5 billion doesn't seem impossible at all for a industry that has already 3.7x already. A 4-5x therefore doesn't seem unreasonable "the trend is your friend) and all that. Good luck to anyone still holding that shit if you ain't taken profits (at least your initial), as the trend will always bite you on the ass if you're not paying attention!
I think it is time to be careful of Defi projects now because the hype is getting too much and could end badly mostly wit newer projects. About the $5 billion in value, this looks exaggerated because once others or rather newer Defi projects starts coming up in mass, attention will be divided and drawn from already developed ones hence that mark might not be reach; this case scenario depends on if there aren't scam Defi projects. But can one rule out the fact that scammers will likely not develop theirs? No, hence another reason this anticipated value might not be reached.
Indeed! With the hype surrounding DeFi projects, there will be scammers that will use this platform to deceive their investors. As we all have seen, these scammers are getting better in deceiving the community. For now, it is better to stick with the known and established DeFi project like Chainlink. But for newcomers, you have to scrutinize it before jumping on the bandwagon.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
Thank you for this link, I'm not aware that you can bet and sell your options with this Polymarket. And it's interesting to note as well that based on it, Defi is now around $7 billion. So definitely it could be as hype as the ICO in 2017, but here's the thing, people are actually make money, but you have to wait for months or years because getting the profit and this is a good thing and that is why it is growing rapidly.
I think it is time to be careful of Defi projects now because the hype is getting too much and could end badly mostly wit newer projects. About the $5 billion in value, this looks exaggerated because once others or rather newer Defi projects starts coming up in mass, attention will be divided and drawn from already developed ones hence that mark might not be reach; this case scenario depends on if there aren't scam Defi projects. But can one rule out the fact that scammers will likely not develop theirs? No, hence another reason this anticipated value might not be reached.
Indeed! With the hype surrounding DeFi projects, there will be scammers that will use this platform to deceive their investors. As we all have seen, these scammers are getting better in deceiving the community. For now, it is better to stick with the known and established DeFi project like Chainlink. But for newcomers, you have to scrutinize it before jumping on the bandwagon.
I think it is time to be careful of Defi projects now because the hype is getting too much and could end badly mostly wit newer projects. About the $5 billion in value, this looks exaggerated because once others or rather newer Defi projects starts coming up in mass, attention will be divided and drawn from already developed ones hence that mark might not be reach; this case scenario depends on if there aren't scam Defi projects. But can one rule out the fact that scammers will likely not develop theirs? No, hence another reason this anticipated value might not be reached.
DeFi is more than just a hype, It's the people who are actually becoming interested day by day in this new financial system. Specially now that a lot of people are so concerned about their assets sitting in the banks and they need to experience another alternative of a financial system that gives them full access of their money without any validation from a third party company like banks.
Therefore, that total value is expected and anticipated.
Therefore, that total value is expected and anticipated.
so, the hype on defi will continue, just like the hype of ICO in the past, or even more ??
my big hope, this will be the beginning from the bullish trend on crypto market
DeFi is more than just a hype, It's the people who are actually becoming interested day by day in this new financial system. Specially now that a lot of people are so concerned about their assets sitting in the banks and they need to experience another alternative of a financial system that gives them full access of their money without any validation from a third party company like banks.
Therefore, that total value is expected and anticipated.
Therefore, that total value is expected and anticipated.
When I see this whole new hype about Defi it reminds me of the days of 2017 lol. ICOs surely came with good projects but most of them died out leaving investors rent. This is the same thing that is going to happen to some individuals in this current Defi hype.
thats right, the hype on defi remind me in the glory of ICO too
depends on cointelegraph defi tokens fuel to new bull run, and maybe this is true
https://cointelegraph.com/news/ether-price-nears-300-as-bitcoin-defi-tokens-fuel-new-bull-run
When I see this whole new hype about Defi it reminds me of the days of 2017 lol. ICOs surely came with good projects but most of them died out leaving investors rent. This is the same thing that is going to happen to some individuals in this current Defi hype.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
I'm happy with the recent development of the Defi marketplace, But let's consider the fact that the rise of Defi market cap was too fast and I'm afraid that it will be categorized as a bubble-like what happen in 2017-2018 in the crypto market, my question is where is the demand came from? and why is that the Defi market cap is rising so fast, is the growth of Defi marketplace is organic or just induce artificially, questions like that makes me doubt about the recent spike of Defi marketplace.
Well its mere prediction to say DEFI marketcap will hit 5B$ , but personally I think it will go beyond 5B$. So much hype and interest around DEFI. Decentralized Finance now the watch phrase for many crypto enthusiasts, every project wants to embed DEFI related approach on their roadmap. See what WANCHAIN did recently, and also AERGO just to mention a few. CZ too doesn't want to be left out, Binance chain will add smart contract feature mainly for DEFI sake, we all know. Some exchanges like Kucoin hosting DEFI coin listing program for free.
This will be the saver of marketcap. I think this year its not bitcoin will dominate the market but the altcoins due to defi hype. At first I cant believe how fast the defi becoming the reason but now I think I will believe this will be the saviour and will trigger bull market.
many normal coins are slowly transitioning into DeFi space which will increase market cap even more.
Yeah this is noticeable like project coti, even binance are taking the hype seriously. CZ CEO of Binance tweeted that the next ieo will be #DefiIEO means the next project will be a defi projects. Now their market is growing due to his tweet and possible defi project on the line. 
DeFi can completely do it while the economy has not recovered. DeFi is showing its usefulness in borrowing on new platforms and people are in great demand. most of the work of many people is affected so they will have to find something to invest and DeFi will solve their problems without going through the bank. Therefore, the calculation of experts is reasonable and can be trusted.
I think the cap will surely reach $5B because the hype game is so strong right now and if you notice many normal coins are slowly transitioning into DeFi space which will increase market cap even more.
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