Future of tokens like Uniswap, Pancakeswap, Sushiswap, Apeswap? - page 2.

StarKay

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

You talked about 2024 bull run like you are so sure of one, yes Bitcoin and Ethereum with few other altcoins are on a bullish run but most altcoins are actually near their all-time low, let's hope there will be one though.

Out of the tokens you listed, Uniswap to me is the most likely to recover but I don't see it reaching the all time high again based on current trends. The competition is growing and the operating environment has also changed.

OcTradism

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Quote from: cryptoaddictchie on April 07, 2023, 01:59:36 AM

Probably yes. The dexes are the strenght of decentralization on defi projects. Without them the altcoin markets will be doomed. As far as I can see, the problem here isnt them but the community has been wrecked by previous landslide dumps last bull run.

Many scam tokens rely on decentralized exchanges for their trades. They don't want to spend capital for centralized exchanges to list their tokens. However, decentralized exchanges actually show that they have power to free projects, communities from centralized exchanges and don't t have spend ridiculous high listing fee for centralized exchanges.

Why do we need CEXs if DEXs can work just fine?

Quote from: hugeblack on April 07, 2023, 06:23:52 AM

I do not think so, because the period in which *Decentralized finance (aka DeFi) * witnessed growth was the period in which there was a lot of free money and the investment did not generate a lot of money, for example the interest was closer to zero, but now conditions have changed a lot and deposits in banks are safe and provide a serious return.

Also, the regulations that force the platforms to stop staking and generate free money for customers will put severe pressure on these projects, given that they are centralized at a point, and the pressure will generate people’s distancing from those investments.

There are and will be more attacks on decentralized exchanges. Just like attacks on Peer-to-Peer marketplaces to force them closing their services down like LocalBitcoin, LocalCrypto, Paxful latest months.

Because most of decentralized exchanges have public founders and core team members, they are not actually decentralized. They can be shut down by governments if they request founders to do that. Facing with risk to be put in jail, founders will choose things to make their life better after earning enough from years of their DEX operations.

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The thing is that the growth potential of Dexes is very huge, yesterday I read Uniswap did more volume than CoinBase and the bull market has not started yet. If the transaction fees on these DEXes can be brought down significantly close to the CEXes level and the speed also increases significantly then I think these tokens can at least hit their ATH level again and this is at least 10X from the current price level. The two tokens on the list I am not that positive about are ApeSwap and SushiSwap, they are a lot of work to do.

Bobrox

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After DeFi token era have been ended and many of coins kinds from Uniswap, Sushiswap, Pancakeswap and Apeswap have been over seems right now have new coins potential like ARB or arbitrum. Appreciated with DeFi token success reach most higher price like Pancake success hit until 44$ when first time launching under $1, but right now not only with pancakeswap token but also all DeFi token have dropped drastically and back to lowest price.

Arbitrum could be priority as the next DeFi token although right now stable $1, usually with DeFi token need several months later after launching for raising up and I think ARB need one or two months later will make new all time high price.

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

In 2020 and 2021 bull market, DeFi 2.0 was very hot and tokens of decentralized exchanges like Uniswap, Pancakeswap, Sushiswap, 1inch Network, Apeswap ... were very hot and had some x10, x20 growths. Three years later, after more than 1 year of bear market, those tokens lost a lot of their all time high values.

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

The collapse in the price of DeFi 2.0 tokens has nothing to do with Terra. It's just the influence of the bear market. And this condition of falling prices also occurs in all altcoins. Terra is just a bullshit coin that is ruining the crypto market. If we attribute the price of the DeFi 2.0 coin to Terra, it will destroy all of DeFi's reputation. These coins will grow during the bull market. It is not yet time for this coin to increase, because the growth in Bitcoin price has not fully occurred yet.

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Quote from: Xal0lex on April 07, 2023, 01:27:34 PM

I like the way Uniswap is developing, at some points its trading volume already exceeds that of the centralized exchanges. I fully support this development of decentralized exchanges. But at the same time I absolutely do not support DEXs like Pancakeswap. They are breeding grounds for scam and all sorts of fake tokens. We need to do something about it, otherwise with the abundance of such sites cryptocurrencies will continue to be associated with scam and distrust.

It was due to the hype at the beginning that Uniswap DEX was able to reach the highest point with its volume, even I am not sure about the future because there will be many rivals that will occur but it is the trend that has destroyed their token at its lowest point.

Damn Pancakeswap is a place where shit coins are there all obviously this is still happening today there are even tokens that cannot be sold or withdraw liquidity to the point of being rugpull.
Indeed Pancakeswap is a hotbed of junk tokens.

The Cryptovator

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It's important to note that the projects we're discussing here are considered mainstream and not to be classified as "shit coins." However, with the ongoing trend of decentralized finance (defi), we have seen some emerging AI-based cryptocurrencies that are worth keeping an eye on.

It's difficult to guarantee that all of these cryptocurrencies will reach their all-time highs (ATH) again, but it's possible that a select few may do so, particularly if Bitcoin reaches its ATH again. Furthermore, these cryptocurrencies have established large communities, and when the bull market returns, we can expect people to flock back to these projects to earn some decent profits.

Nevertheless, predicting the crypto market's behavior is always a challenge since the nature of crypto is volatile. We must be cautious and keep a watchful eye on the market's movements.

Xal0lex

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I like the way Uniswap is developing, at some points its trading volume already exceeds that of the centralized exchanges. I fully support this development of decentralized exchanges. But at the same time I absolutely do not support DEXs like Pancakeswap. They are breeding grounds for scam and all sorts of fake tokens. We need to do something about it, otherwise with the abundance of such sites cryptocurrencies will continue to be associated with scam and distrust.

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

The answer is NO. Simply because these tokens start from small circulating supply then later own increase until the max supply was reached. All start-up project has the tokenomics of releasing the total supply in tier throuh specific time table. This token manage to reach all time high when their token supply is at the lowest level. Right now most of them increased there total supply to optimum level which is the main culprit for the continuous price decline.

Unless this project has a deflationary mechanism to decrease the total will make reaching ATH again possible. DeFi hype is almost over due to scarcity of liquidity that coming from VC money. Banks are struggling which is the main source for capital so I doubt that DeFi will be prosperous again without the liquidity that they need.

Cornia

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In my opinion, not all of these tokens of decentralized exchanges will reach their ATH during the 2024 bullrun. However, the most popular UNI and CAKE tokens are more likely to reach their ATH. Every bullrun many new tokens come to the market and some of them show a lot of hype and many old tokens never reach their ATH. But top coins have more possibility of touching ATH.

robattfield

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I think the future of DEX in the crypto market is very potential and there will be strong growth in the near future. Like traditional exchanges, DEXs allow users to exchange their cryptocurrencies with each other, but unlike traditional exchanges, DEXs do not require intermediary control from a third party. This reduces security risks and increases the transparency of the transaction process. This makes the DEX an attractive solution for those who want to trade freely, without the paperwork, bank accounts or high fees required to use the services of a traditional exchange. With all these benefits, I believe that DEX will continue to grow and become the main means of exchange in the crypto market in the not too distant future. So if the above DEXs meet such criteria well, the tokens of the projects will also benefit without a doubt.

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

In 2020 and 2021 bull market, DeFi 2.0 was very hot and tokens of decentralized exchanges like Uniswap, Pancakeswap, Sushiswap, 1inch Network, Apeswap ... were very hot and had some x10, x20 growths. Three years later, after more than 1 year of bear market, those tokens lost a lot of their all time high values.

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

The tokens of many well-known decentralized exchanges are now 90% cheaper from the absolute maximum, and this is a good investment, but maybe not for 2024. Therefore, I would not buy these tokens up to more than 5-7% of the investment portfolio. The popularity of decentralized exchanges will grow, keeping some tokens (1 inch) on the wallet helps to reduce exchange fees.

kaseygriffin

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I see a problem like this we shouldn't look at a few failures as an irreparable weakness, of course those that can't afford and make mistakes have been eliminated.
To me the DeFi environment is something that cannot be forgotten and will only grow larger, the volatility of the entire market affecting the value is understandable, and like many things in the crypto environment if they remain. If the role works well, the user will still use it and the value will recover over time. As for the ATH of each coin, I'm not sure they'll be able to surpass what they're used to, but I'm more optimistic about the returns they'll bring in the future.

cryptoaddictchie

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Quote from: Weawant on April 07, 2023, 03:45:31 AM

I see lots of layer 2 projects coming up recently and I feel there'll be a hype on this projects with polygon and arbitrum leading the way. We also have AI trend still yet to hit its highest potential and I think we'll see that in the next bull market.

Even with layer 2 some of these are still uses these dex as well for major listing and dex trading like example uniswap. Aside from cex, there are still a lot of users that uses it even though the liquidity is much bigger on cex due to KYC so, its quite impossible these kind of dex wouldnt recover even with presence of L2 projects.

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Those projects looks strong enough to bounce back on the next cycle. None of them have stopped right? I think we should also consider how regulators view all these staking platforms and their native tokens. It could cause a huge crash if they classify them as unregistered securities and sue any of them that accepts investors pr traders from the US.

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

I do not think so, because the period in which *Decentralized finance (aka DeFi) * witnessed growth was the period in which there was a lot of free money and the investment did not generate a lot of money, for example the interest was closer to zero, but now conditions have changed a lot and deposits in banks are safe and provide a serious return.

Also, the regulations that force the platforms to stop staking and generate free money for customers will put severe pressure on these projects, given that they are centralized at a point, and the pressure will generate people’s distancing from those investments.

livingfree

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A few of them might will but talking in general with all of them, it's hardly to see them go back to their former. Only a few altcoins and those are the exceptional ones that did recovered and have reached more than their past ATH.

But the majority in speaking even if they're a very popular token from any of these defi or exchange token, once they've fell and dropped a lot. It's very hard to see them get back from the peak that they've been once in.

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

I don't think they'll all recover, you mentioned five and my prediction will be two out of those five will recover fully and they're pancakeswap and uniswap. The rest are just a replicate of this two giants and without the Defi hype coming back they can' survive.

But the rest will need there to be another Defi hype in the next bull market for them to recover fully. Every bull market comes with its own hype so the attention will be shifted next bull market.

I see lots of layer 2 projects coming up recently and I feel there'll be a hype on this projects with polygon and arbitrum leading the way. We also have AI trend still yet to hit its highest potential and I think we'll see that in the next bull market.

rokok lokal

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I think the future of tokens like Uniswap, Pancakeswap, Sushiswap, Apeswap and others is uncertain, and their recovery to an all-time high in the 2024 bull run is difficult to predict. However, it is important to remember that the cryptocurrency market is highly volatile and can be affected by various factors such as market sentiment, adoption rates, technological advances and regulatory changes.

Although the DeFi 2.0 model may have shown some weaknesses, the development and evolution of the DeFi ecosystem is still ongoing, and this token is at the forefront of that innovation. As such, they can continue to play an important role in the future of decentralized finance.

cryptoaddictchie

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Quote from: OcTradism on April 06, 2023, 09:13:40 PM

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

Probably yes. The dexes are the strenght of decentralization on defi projects. Without them the altcoin markets will be doomed. As far as I can see, the problem here isnt them but the community has been wrecked by previous landslide dumps last bull run. Apparently the nft era has gone down and those liquid tokens associated with them got fallen too. Maybe a new era and something new would keep them alive again and probably keep them to continue. But all in all, these dexes are important to trigger another bull run aside from bitcoin sky rocket time waiting.

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