DeFi Craze: Could ETH be seen positive reaction in coming days? - page 2.

acdc

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Quote from: Waccamaw on July 07, 2020, 01:27:43 PM

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

Yes, so far ETH has only played a role of paying deposits in ICOs or IEOs on the ETH platform. People only need a small amount of ETH to be able to participate in DeFi, so DeFi's success will not greatly affect ETH.

MCDev

sr. member

Activity: 680

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I don't think that DeFi will help ETH respond positively in the coming days, people are too fed up with the hype and they are not as easy to believe as in 2017.
If DeFi is really good and helps ETH have a positive response I guess it needs a long time.

Yaunfitda

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Activity: 2870

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It there will be something positive on ETH it will be there new release. I doubt that Defi will bring new money to ETH itself, we have seen increased in number of ETH addresses because of Defi but it doesn't bring any positive effect to the price of ETH right? So for me, NO, and this Defi craze or hype will die down in the next six months. What ETH needs is to have their 2.0 go live and then wait for more investors to join and be on-board specially with their staking and being a validator.

electronicash

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Quote from: Waccamaw on July 07, 2020, 01:27:43 PM

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

could be. it started with synthetix. sooner traders might stop trading on binance but stays to these defis.

Waccamaw

newbie

Activity: 44

Merit: 0

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

Refrumatrix

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Activity: 301

Merit: 13

$CYBERCASH METAVERSE

Be less hopeful on this one people, DeFi looks interesting at the moment but still looks like the same old for HYPE sake to me, another form of ICO I'm disguise, just know where you will invest your money, no one knows how this DeFi will be in future, I don't believe it's capable of driving ethereum value up but it's all about waiting.

xZork

hero member

Activity: 1249

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Perhaps this is a new hype like ICO and IEO.
IEO and ICOs have been welcomed by many people in the past and are expected by many people, but the majority of IEO and ICOs are disappointing, I think this time will be no exception.
Don't be too hopeful about Eth price rise in the near future.

acdc

sr. member

Activity: 939

Merit: 256

ETH is hard to rise in the near future, ETH's reputation is being affected by bad ICO and IEO projects. I think that the price of ETh is very difficult to increase until the time when version 2.0 is released.

tabas

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Its name is becoming noisier this time. I wouldn't be surprised if it will cause a surge for Ethereum or any altcoin that's giving a contribution to it.
But I don't want to cut your hopes, don't be too hopeful with it, and always remember that there's hype on it.

minairia3

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20BET - Premium Casino & Sportsbook

We cant deny that defi has clearly exploding over the crypto space and everybody gone excited with all whats happening on this business. Take note that it just started almost this year and now we can see how progressive it is and one of the highest growth in the blockchain business. Ethereum is the one ripping of the glory for this, and now that they are closing near their migration to PoS, I can see more development on this top 2 cmc coin. Good thing I bagged some eth just in any case it skyrocket when this happen.

Ryushin

member

Activity: 322

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It's spreading already, DeFi projects are trying other blockchain as well not just ERC20 but presently major DeFi projects are on ERC20, believe me Ethereum won't see any pump because of DeFi projects, leave that to Bitcoin, BTC is the only reason why ethereum may or may not pump

shata

sr. member

Activity: 547

Merit: 253

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?

Topic: DeFi Craze: Could ETH be seen positive reaction in coming days? - page 2. (Read 236 times)