In my opinion there is nothing wrong with the many DeFi projects that have appeared, maybe a good thing so it makes demand
for crypto increase, and coins that are not included in DeFi projects will be affected, the price will goes up too. The problem is that
we don't become victims of FOMO by buying DeFi projects at peak prices, and don't be too greedy to get big profit from DeFi projects.
If you have a profit, immediately sell the DeFi coins we have. Don't hold on to DeFi projects for too long, because DeFi projects can
suddenly fall in price.
Topic: impact of added new token in defi market? (Read 431 times)
In my opinion, the addition of new tokens has no effect there, because it looks like a lot of new tokens added on Binance look normal without exception if the token is liked by many large investors who buy it it will have a good impact and the price will go up. So for that, let's see how the token grows or not for its price once it is added to the Binance exchange.
The significant impact of the DEFI project on the market for me personally is the ridiculously high cost of GAS for any altcoin that uses the ETH blochain. it is ironic that DEFI can make such a huge fomo in the market that makes dumps and pumps so significant every day.
It understandable that Defi market led to the high cost of transaction fee in the ETH network though I believe you guys are after the negative concussion caused by the Defi market than the positive because Defi also make some investors join the crypto investment and pump the total cap of crypto market. However, we need to understand that every great opportunity will have great risk and if ETH successfully launch there 2.0 network the high gas fee wont be an issue. Quote
10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
defi market for binance ? is what i read correct . is that defi are seperated because they are decentralized while there was also a decentralize version of binance , is that what you mean ?
if im not mistaken , yfi , link and band are not new but they are already trending before but new additions of defi token can give this defi market a boost while at the same time it also gives bad impression if new tokens are not made well . its hard to decide if we should stop them or we allow more .
Binance is listing any token they see as a potential to pump because they will earn money from it and if there’s more DeFi project to be listed then expect users to trade with it and it can impact the whole market of Binance but not the cryptomarket since this is just one exchange and we have so many options in the market. The impact of listing defi project is that, many options to be available for everyone who wants to invest.
Of course the effect is with the many DeFi projects that have sprung up, making DeFi projects become hype and there will be
a pump and dump in the market. And this is not good for newbies who still don't understand how to analyze the market, there
will be many newbies who become victims for buying coins at the peak price. There are so many examples of DeFi projects that
eventually become scams, so we have to be careful with the many new tokens in the DeFi market. Only investing in coins does
have strong fundamentals, this is to prevent us from investing in shit projects.
a pump and dump in the market. And this is not good for newbies who still don't understand how to analyze the market, there
will be many newbies who become victims for buying coins at the peak price. There are so many examples of DeFi projects that
eventually become scams, so we have to be careful with the many new tokens in the DeFi market. Only investing in coins does
have strong fundamentals, this is to prevent us from investing in shit projects.
definitely, there will be noobs who will get rekt in this defi hype. if you ask yourself, how many of these defis have real foundation, aiming to have working platform and such? take for example, YFI - how long they will be in beta? but look at the their price - more than double of btc price. where is that value coming from? how did they manage to achieve such price?
so yeah, i am sure a lot will be victims of this defi hype just like the ico period. dont be one of them!
or else you would really be wrecked up really hard when the market tends to shift upsidedown, thats why we should really be vigilant and do make right decisions as long you had already make some gain
then it isnt a bad idea to secure your profits out and leave the market.
Of course the effect is with the many DeFi projects that have sprung up, making DeFi projects become hype and there will be
a pump and dump in the market. And this is not good for newbies who still don't understand how to analyze the market, there
will be many newbies who become victims for buying coins at the peak price. There are so many examples of DeFi projects that
eventually become scams, so we have to be careful with the many new tokens in the DeFi market. Only investing in coins does
have strong fundamentals, this is to prevent us from investing in shit projects.
a pump and dump in the market. And this is not good for newbies who still don't understand how to analyze the market, there
will be many newbies who become victims for buying coins at the peak price. There are so many examples of DeFi projects that
eventually become scams, so we have to be careful with the many new tokens in the DeFi market. Only investing in coins does
have strong fundamentals, this is to prevent us from investing in shit projects.
definitely, there will be noobs who will get rekt in this defi hype. if you ask yourself, how many of these defis have real foundation, aiming to have working platform and such? take for example, YFI - how long they will be in beta? but look at the their price - more than double of btc price. where is that value coming from? how did they manage to achieve such price?
so yeah, i am sure a lot will be victims of this defi hype just like the ico period. dont be one of them!
YFI party continues to UNI party, UNI with uniswap, binance and coinbase bring new hype for DEFI trend, now other platform like tron launching defi project..i see this thing like ICO 2017 happen again..
That's possible, people are randomly investing into these project like in the past anyway but what I see different is that the Defi which platform is to offer service like exchange is not some empty promise trying to give return of investment out of nothing but they have working system.the platform could bear to give the participant the promised return of investment simply because it's sustainable but we gonna see whether it could hold for long.
Defi is a game changer and we are going to see a repeat of what happens in 2017 because of the ico. Cryptocurrencies market is getting actracting by the day and those that buying into it early has made good returns on investment. Defi is the new face of it and the earliest we accept this reality the better for us.
We can't expect too much out of this happenings, just be focus on what's really efficient for the current situation. Last 2017 was already done, so moving on for another year will be the biggest challenge. Defi market need more time to fully mature, and if we're hoping for positive results then let's wait for more months to observe the daily activities.
Defi is a game changer and we are going to see a repeat of what happens in 2017 because of the ico. Cryptocurrencies market is getting actracting by the day and those that buying into it early has made good returns on investment. Defi is the new face of it and the earliest we accept this reality the better for us.
Of course the effect is with the many DeFi projects that have sprung up, making DeFi projects become hype and there will be
a pump and dump in the market. And this is not good for newbies who still don't understand how to analyze the market, there
will be many newbies who become victims for buying coins at the peak price. There are so many examples of DeFi projects that
eventually become scams, so we have to be careful with the many new tokens in the DeFi market. Only investing in coins does
have strong fundamentals, this is to prevent us from investing in shit projects.
a pump and dump in the market. And this is not good for newbies who still don't understand how to analyze the market, there
will be many newbies who become victims for buying coins at the peak price. There are so many examples of DeFi projects that
eventually become scams, so we have to be careful with the many new tokens in the DeFi market. Only investing in coins does
have strong fundamentals, this is to prevent us from investing in shit projects.
still can't affect my estimate for the latest system defi, because every update will always attract more attention but the results that look new are a little very vulnerable to behavior that looks for opportunities in situations like this, it's good to see developments first and can't decide in fast tempo. so as not to be affected by things that might be detrimental.
Same here,,, every project now in the space is also coming out with Defi. And you know, even the ones who are promising safety say,,, no more rug pulls etc etc are now facilitating rug pulls themselves. So utterly and ultimately disgusting I cannot even begin to say how angry it is making me like in ICO days!
still can't affect my estimate for the latest system defi, because every update will always attract more attention but the results that look new are a little very vulnerable to behavior that looks for opportunities in situations like this, it's good to see developments first and can't decide in fast tempo. so as not to be affected by things that might be detrimental.
A lot of people gonna be a victim from Pump & Dump token.
This is what i am afraid off,that history will repeat itself from 2018 altcoin season.There are many investors that risking their money inside DeFi project
while Manipulator is waiting for their timing to take their money outside each projects.
History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price.
This will add Bad impression again in Crypto market that still recovering from the past and also from the prices.Hope People will early realized the situation and full out their money before it's too late.
They should Understand the the safest currencies to invest are those who had been inside for long time and proven their legitimacy and products
so as their services,that there are nothing to be afraid though sometimes price are very affected from volatility.
From the list and the only YFI that can bring a big trend for defi right now. I didn't see the rest of coins in your list bring a good impact to the defi market as those coins can't make people to do deep into the defi trends.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
are you really sure about YFI? because this project alone, i dont see this as real promising. their services are still in beta up until now. so dont really know the reason why they have high price tag in the market???
i guess chainlink is the stronger one in the list. anyway, almost all of these defis will see their end very soon. once these buyers realised that they are just buying crap, this hype will be over.
but right now, defi market is enjoying their time. so enjoy while it lasts! their party will not gonna be long...
From the list and the only YFI that can bring a big trend for defi right now. I didn't see the rest of coins in your list bring a good impact to the defi market as those coins can't make people to do deep into the defi trends.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
are you really sure about YFI? because this project alone, i dont see this as real promising. their services are still in beta up until now. so dont really know the reason why they have high price tag in the market???
i guess chainlink is the stronger one in the list. anyway, almost all of these defis will see their end very soon. once these buyers realised that they are just buying crap, this hype will be over.
but right now, defi market is enjoying their time. so enjoy while it lasts! their party will not gonna be long...
From the list and the only YFI that can bring a big trend for defi right now. I didn't see the rest of coins in your list bring a good impact to the defi market as those coins can't make people to do deep into the defi trends.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
are you really sure about YFI? because this project alone, i dont see this as real promising. their services are still in beta up until now. so dont really know the reason why they have high price tag in the market???
i guess chainlink is the stronger one in the list. anyway, almost all of these defis will see their end very soon. once these buyers realised that they are just buying crap, this hype will be over.
but right now, defi market is enjoying their time. so enjoy while it lasts! their party will not gonna be long...
really being driven by hype.I dont see its relevance.. Im not really that too negative or skeptical but i dont really believe that Decentralized Finance will really be implied
or would really go further.There might be some project whom do able to do so but wont really get that far.I do always have the feeling and perception that
when hype would ran out some gas then its time to have some reverse market price and for people who get hyped too much then better be careful.
For me it will not affect the market too much if the projects listed on the exchange are good projects and also carry a long future, but it is quite sad if the projects just take advantage of the hype defi and they are able to enter the exchange at no cost. Even though their project is nothing special. Many old projects that have been developing suddenly lose out to new projects that use the name defi to become famous.
This is flowing with the wind sort of thing, where since currently its Defi hype so many projects are coming related to it. Till the time it is growing and those who can make money with those coins good and once we see the fall it will be massive, and people would lose a lot if they continue to hold the bad coins. So, choose the coins wisely I can say for now.
with the hype will eventually die if the trend would lose its hype.For now we are still on the fomo side where people do still interested since its still new but few weeks or months later then
we would might able to see just like on what we have saw on ICO trend.
10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
Binance facing scam accusation due to adding the project sushi which exit scammed in less than 24 hours after it got listed and another project in the last couple of days ago did the same and 20 million worth of tokens were locked.RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
So any reputed exchange has been adding defi shit tokens will lose their reputation.
the defi project could really turns out to be good or really bad. people over hyping it to the point they just randomly investing and expecting quick profit.
From the list and the only YFI that can bring a big trend for defi right now. I didn't see the rest of coins in your list bring a good impact to the defi market as those coins can't make people to do deep into the defi trends.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
are you really sure about YFI? because this project alone, i dont see this as real promising. their services are still in beta up until now. so dont really know the reason why they have high price tag in the market???
i guess chainlink is the stronger one in the list. anyway, almost all of these defis will see their end very soon. once these buyers realised that they are just buying crap, this hype will be over.
but right now, defi market is enjoying their time. so enjoy while it lasts! their party will not gonna be long...
From the list and the only YFI that can bring a big trend for defi right now. I didn't see the rest of coins in your list bring a good impact to the defi market as those coins can't make people to do deep into the defi trends.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
That's my 2 cents if that's related to your main question but if that's about the information regarding koinfox and then more assets mean more choices.
That could increase the users of koinfox to use its service. i know if that's a bot service.
are you really sure about YFI? because this project alone, i dont see this as real promising. their services are still in beta up until now. so dont really know the reason why they have high price tag in the market???
i guess chainlink is the stronger one in the list. anyway, almost all of these defis will see their end very soon. once these buyers realised that they are just buying crap, this hype will be over.
but right now, defi market is enjoying their time. so enjoy while it lasts! their party will not gonna be long...
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