i have a positive forecast for eth price, because using eth blockchain for defo projects is not about reputation - it's about amount of transactions so the price should be slowly growing. and besides, if we are talking about dex exchanges (they are hyping now) - most of them based on eth and use it in their tokens
yeah agree, most of technically interesting and valued exchanges are based on eth, and use huge amount of gas. (okey i can clearly tell about Curve exchange)
Topic: DeFi Craze: Could ETH be seen positive reaction in coming days? (Read 234 times)
January 28, 2021, 01:12:33 PM
This topic was created during July 7th, it is not a new topic not here but not in discussions as well. Ethereum saw some defi craze and after July 7th the price of ethereum went up more than double even triple of what it was because there was a lot of projects that wanted to be part of ethereum blockchain. Nowadays there is not much to say about this situation because we have already seen what happened and this is in the past.
If anyone asks if it could happen again, I would say it could go up but not the way it has gone up from this topics creation to today, that type of 4x or so increase would make ethereum over 5k in price, I doubt that it would happen anytime soon. Don't get me wrong I think ethereum will be 5k+ one day, it could be next year or 5 years from now but it will definitely happen, I just do not believe that could be so close to a huge increase once again.
If anyone asks if it could happen again, I would say it could go up but not the way it has gone up from this topics creation to today, that type of 4x or so increase would make ethereum over 5k in price, I doubt that it would happen anytime soon. Don't get me wrong I think ethereum will be 5k+ one day, it could be next year or 5 years from now but it will definitely happen, I just do not believe that could be so close to a huge increase once again.
January 28, 2021, 07:59:40 AM
I can’t really say anything about defi craze but what I think is that Ethereum stopped at that price of $1500 because Bitcoin has stopped increasing and also dropped after reaching over $41k. Bitcoin has been around 32,000 USD and we can’t say where it will be heading next, whether there would be a bear or it’s going for another bull run, but it seems to me we have reached the ATH for this moment , and that’s same with ETH which strongly correlates with BTC, unless the ALTCOIN season change everything. If not, then we should be looking forward to other altcoins increasing in price without ETH. I guess coming weeks are too tricky as entire crypto market is fully tied with bitcoin markets and the direction of market may vary with respect to fluctuations of bitcoin markets.
January 28, 2021, 02:45:25 AM
I did not realize defi total locked value has gone up to a new record,,, but is that news all sort of logical since BTC and ETH made new ATHs anyway?
What are the stats in actual units of BTC and ETH locked, have they also gone up because that to me will be the real indicator of whether investors trust defi more.
What are the stats in actual units of BTC and ETH locked, have they also gone up because that to me will be the real indicator of whether investors trust defi more.
January 28, 2021, 02:43:59 AM
i have a positive forecast for eth price, because using eth blockchain for defo projects is not about reputation - it's about amount of transactions so the price should be slowly growing. and besides, if we are talking about dex exchanges (they are hyping now) - most of them based on eth and use it in their tokens
yeah agree, most of technically interesting and valued exchanges are based on eth, and use huge amount of gas. (okey i can clearly tell about Curve exchange) January 27, 2021, 11:47:51 PM
i have a positive forecast for eth price, because using eth blockchain for defo projects is not about reputation - it's about amount of transactions so the price should be slowly growing. and besides, if we are talking about dex exchanges (they are hyping now) - most of them based on eth and use it in their tokens
Well, for sure I will be happy if ETH goes higher because of demand and this DeFi thing is the one that seems to push it but I always wonder really about the real value. Because if you notice there is no real product here except interest and interest all for staking and keeping assets. Eventually you have to realize,,, it is interest based like fiat with nothing driving the economy. Right?
If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins
It still hard to beat bitcoin, but that doesn't mean it is impossible. Maybe we still need to wait because all of the projects are waiting for bitcoin price moves, and if somehow, bitcoin price is not move higher like a few weeks ago, the project will not rise too higher. Or the next scenario, bitcoin will still like this, and it is a good chance for the project to lift its price and invite more investors to their project.
Before when it was ico period, it was said that most ico projects usually dumps their ico funds which is normally eth and that is why price of eth was not growing as fast as bch back then, now the new trend is Defi and although I am not familiar with the way Defi operates but since this is also ecr20 base projects, could it be that it will also have the same impact on eth price as the way ico does in the past? Am curious to know.
We always heard about this Defi thing, and many believed the market has been overly hype, while some believed that it really did worked. To proved that DeFi right now is trending, take a simple search and type #DeFi.
Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.
This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.
Well, what do you think, fellow traders?
DeFi is definitely something big and exciting building around mainly Ethereum network for now so it can be the push that eth needs this time around to make its definite moon move. Other than that eth is nicely placed even if you see charts and coming months will be bullish. Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.
This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.
Well, what do you think, fellow traders?
DeFi projects are doing just fine, though if I have to choose a new DeFi project it won't be just for the decentralized finance use case only, it's like something more like lending and smart contracting combined, we need to be careful too, scammers will start laying traps with their own version of DeFi projects
We always heard about this Defi thing, and many believed the market has been overly hype, while some believed that it really did worked. To proved that DeFi right now is trending, take a simple search and type #DeFi.
Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.
This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.
Well, what do you think, fellow traders?
I think it will be a mix of defi, dapp and smart contract culture that will be the obvious reason for next eth parabolic run because everyday more and more money is flowing into this sector and most part of that money is in the form of eth and luckily pandemic and global economic situation has accelerated the trend of defi because people are looking for better alternatives to traditional finance now and they seem to have found it in the form of DeFi projects, now it seems like we can enter into new bull phase of eth anytime from here on. Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.
This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.
Well, what do you think, fellow traders?
If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins
It still hard to beat bitcoin, but that doesn't mean it is impossible. Maybe we still need to wait because all of the projects are waiting for bitcoin price moves, and if somehow, bitcoin price is not move higher like a few weeks ago, the project will not rise too higher. Or the next scenario, bitcoin will still like this, and it is a good chance for the project to lift its price and invite more investors to their project.If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins
It still hard to beat bitcoin, but that doesn't mean it is impossible. Maybe we still need to wait because all of the projects are waiting for bitcoin price moves, and if somehow, bitcoin price is not move higher like a few weeks ago, the project will not rise too higher. Or the next scenario, bitcoin will still like this, and it is a good chance for the project to lift its price and invite more investors to their project.
If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins
IEO works better than ICO and I guess same thing will happen to DeFi, with time all hype will fade away, carefully choose which DeFi project you will invest money on and make sure you invest only what you can afford to lose, remember, most crypto projects are just overhyped
Defi are of course getting popular but with more defi in action, ethereum network is getting more congested with slower transactions and larger fees. If ethereum is not able to bring someways to drastically ease the congestion, they'll lose a large portion of Defi party. The current situation of Ethereum network is forcing users to move towards EOS and Tron for their Defi. We can see the change in proportion visiting any defi comparing sites.
Very possible that Eth will surge because of the defi stimulus. Let me just explain this to you in simple words. As defi trend is growing more and more everyday and more and more eth is getting locked up as a result the supply of eth in the market will reduce this reduction in supply will cause scarcity in the market and as a result the price will grow i expect Eth to be back over 1k in few more months.
Same thought! I think when the DeFi projects start to appear in the market, ETH will rise along the way! Moreover, the upcoming event of launching ETH 2.0 can bring a positive sign to the market. I'm expecting ETH to get a higher price than now. However, it's too positive to say that it will gain to 4 digits value ($1k). It's too soon to predict, let's see! 
You do not need much ETH to invest in DeFi Craze, enough to send the coins and pay Gas.
If 10 million people invest in DeFi Craze, the demand will increase by $ 200 million if each person invests $ 2 in fees.
ETH market capacity is large, $ 2000 million will not move the price, let alone 20.
DeFi Craze same as ICO Craze will end will cry
If 10 million people invest in DeFi Craze, the demand will increase by $ 200 million if each person invests $ 2 in fees.
ETH market capacity is large, $ 2000 million will not move the price, let alone 20.
DeFi Craze same as ICO Craze will end will cry
ICO and IEO haven`t been told unsuccessful for reasons that most of the ERC-20 based projects ends up losing. Well most of them, however, even this DeFi hadn`t have based on ERC-20? But still soaring its market cap by over a billion (e.g compound alone gets ~$1.86 billion). Comparing with ICO last 2018-2019 to DeFi craze right now is not valid argument to conclude. ICO has different aspect or set-up though same thing that it raised billions of amounts. And as to ETH price, chart always speaks the truth.
Very possible that Eth will surge because of the defi stimulus. Let me just explain this to you in simple words. As defi trend is growing more and more everyday and more and more eth is getting locked up as a result the supply of eth in the market will reduce this reduction in supply will cause scarcity in the market and as a result the price will grow i expect Eth to be back over 1k in few more months.
Its a rhetorical question
, though I like your enthusiasm about the possibility of price surged and this locking up of ETH due to Decentralized Finance. Indeed, it could be stimulus; but, locking of ETH for lending, borrowing, earning interest, staking, and etc., may not mean "stagnant" locking of ETH supply in the circulation LINK. ETH 2.0 will supply the demand if Vitalik Buterin will announce the fix date of its released. Transition from ETH to ETH 2.0 is the market`s possible stimulus right now. And as long as it didn`t happen, many people would find ways to earn passive income, and the best way right now is to go #DeFi. We always heard about this Defi thing, and many believed the market has been overly hype, while some believed that it really did worked. To proved that DeFi right now is trending, take a simple search and type #DeFi.
Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.
This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.
Well, what do you think, fellow traders?
Very possible that Eth will surge because of the defi stimulus. Let me just explain this to you in simple words. As defi trend is growing more and more everyday and more and more eth is getting locked up as a result the supply of eth in the market will reduce this reduction in supply will cause scarcity in the market and as a result the price will grow i expect Eth to be back over 1k in few more months. Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.
This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.
Well, what do you think, fellow traders?
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