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.
Topic: impact of added new token in defi market? - page 2. (Read 431 times)
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.
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.
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.
Reality is happening now, those old coins who have good feature and still developing are now losing supports due to this hypes.Investors chooses to invest and take the risk after seeing the potential of gaining from this hypes, there's impact since there are more
options and there are more hypes to follow, be very vigilant in choosing which project to invest especially with DeFi kind of projects.
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.
Of course the effect will make DeFi even more hype, because there are more choices of coins for investment. And what happened in 2017
could happen again in 2020, therefore, be more careful in investing. Crypto market prices will be more volatile with the addition of new
tokens in the DeFi market. I predict that soon there will be a pump in the crypto market, so take advantage of it for profit taking if a pump
occurs. Don't hold for too long the coins we have, because that will eliminate our chance of getting profit.
I think the opposite, the market is so full of DeFi projects that I do not see how a few more of those projects add anything meaningful to the community and I will not be surprised if at least a few of them turn out to be scams and the rest end up disappearing as their developers fail to live up to the hype they are trying to generate, people need to be very careful scammers are taking over the DeFi market just as they took over the ico market and we all know how that story ends. could happen again in 2020, therefore, be more careful in investing. Crypto market prices will be more volatile with the addition of new
tokens in the DeFi market. I predict that soon there will be a pump in the crypto market, so take advantage of it for profit taking if a pump
occurs. Don't hold for too long the coins we have, because that will eliminate our chance of getting profit.
I think that will just make the exchange less special, I consider Binance to be the best exchange for choosing the right one when it comes to listing new projects, but when DeFi came along they quickly put in quite a number of new projects on their exchange and Coinmarketcap
They were taking advantage of the popularity as well the trading volume it can give in their exchange, DeFi projects were now like ICO before in how they behave in the market, there will be a sure pump and dump that may not also able to survive just like what happened to the old ICO projects now that are soon to be delisted. We can't blame the exchanges as it can be the only way again for them to be known for those not yet popular exchange and this popular exchange like Binance to still keep their customers as DeFi is really a trend now for traders.
You can take a chance to gain a short term profit with this situation don't take for long term investment. We have at least faced three event until now, ICO, IEO and now DeFi project. Take a look with the privious event, are those two event has good potential for long term investment? Although it is depend on the project itself but most of them are nonsense right now.
I think that will just make the exchange less special, I consider Binance to be the best exchange for choosing the right one when it comes to listing new projects, but when DeFi came along they quickly put in quite a number of new projects on their exchange and Coinmarketcap
I think its new trend of defi will bring newcomer to crypto world, beginner with fresh money will be interested in crypto when see YFI price, its look like ICO in 2017, new project with defi labels will come more and its good when bitcoin and ethereum use for those project.
Of course the effect will make DeFi even more hype, because there are more choices of coins for investment. And what happened in 2017
could happen again in 2020, therefore, be more careful in investing. Crypto market prices will be more volatile with the addition of new
tokens in the DeFi market. I predict that soon there will be a pump in the crypto market, so take advantage of it for profit taking if a pump
occurs. Don't hold for too long the coins we have, because that will eliminate our chance of getting profit.
could happen again in 2020, therefore, be more careful in investing. Crypto market prices will be more volatile with the addition of new
tokens in the DeFi market. I predict that soon there will be a pump in the crypto market, so take advantage of it for profit taking if a pump
occurs. Don't hold for too long the coins we have, because that will eliminate our chance of getting profit.
Partly that's right my friend, I don't trust too much with holding coins for such a long time and it made me so depressed along ago. I was able to believe on so many motivations but somehow it ended up a worst nightmare. It even put my finances into failure on different ways, which frustrated me on my important expenses like my house projects and other needs for the family. Once I believed crypto coins I got will solve all of that problems, but ended so bad at all.
Of course the effect will make DeFi even more hype, because there are more choices of coins for investment. And what happened in 2017
could happen again in 2020, therefore, be more careful in investing. Crypto market prices will be more volatile with the addition of new
tokens in the DeFi market. I predict that soon there will be a pump in the crypto market, so take advantage of it for profit taking if a pump
occurs. Don't hold for too long the coins we have, because that will eliminate our chance of getting profit.
could happen again in 2020, therefore, be more careful in investing. Crypto market prices will be more volatile with the addition of new
tokens in the DeFi market. I predict that soon there will be a pump in the crypto market, so take advantage of it for profit taking if a pump
occurs. Don't hold for too long the coins we have, because that will eliminate our chance of getting profit.
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 ?
There is a lot of impact on the cryptomarket, we can see that there are many who are flocking to invest in crypto at this time and head to DEFI
Those coins will actually give nothing to the market. I thought that if your question has two different answers.
When there was service will try to add more coins on the list of its platform and can we call that these coins will bring something big to the cryptocurrency? There was no different about when koinfox was adding more asset and not adding anything to its service.
If we are seeing from what impact that has already made since those defi has come to the market and then those coins has made the defi trend became very popular among the crypto users especially YFI.
When there was service will try to add more coins on the list of its platform and can we call that these coins will bring something big to the cryptocurrency? There was no different about when koinfox was adding more asset and not adding anything to its service.
If we are seeing from what impact that has already made since those defi has come to the market and then those coins has made the defi trend became very popular among the crypto users especially YFI.
The impact that I have personally felt since the DeFi trend is that the enthusiasm for investment has increased, many Defi projects do not have detailed information about their project but the token price has increased by several hundred times. This made a lot of people join the DeFi project even though the risk was very high.
The big impact is only when the hype comes after that it seems like it will never happen again, many DeFi tokens have been successful until they enter Binance, of course, is a great opportunity for those of us who have bought it early, we know that tokens have entered the Binance exchange is the best token to choose by. Therefore, the impact on the cryptomarket will not have a big impact, but we'll see how Bitcoin reacts if there is a big impact.
I don't think there is some big impact from adding new DeFi projects in the crypto-market. It's the trend and many developers
are trying to push their own product. Only effects from all those new DeFi projects are towards investors, with so many projects
it's confusing to find out what is real and what's not. You need to research all the projects to find which ones are good ones, just
looking at the market and all those new names is like you didn't do any research, you are trying to guess which ones are good and
which ones are bad.
are trying to push their own product. Only effects from all those new DeFi projects are towards investors, with so many projects
it's confusing to find out what is real and what's not. You need to research all the projects to find which ones are good ones, just
looking at the market and all those new names is like you didn't do any research, you are trying to guess which ones are good and
which ones are bad.
The first lending coin created was bitconnect and was found out to be scam project, it was because of their excess hype that resulted to many fake project impersonating lending as their idea in their whitepaper. The very last one I participated that ended up crashed till date is Money Token(IMT)
Quote
MoneyToken steps in. The MoneyToken platform allows you to borrow liquid funds instantly based on the current value of your cryptocurrency asset holdings.
https://moneytoken.euIm still holding this token on my wallet and i thought it is already dead, as there is no sign of them.. No social accounts and telegram. Yesterday as i check my wallet i see imt on pump. Hoping it will continue to go up.
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 ?
There’s no big impact on this since most of those DeFi token are already listed on some exchanges and listing on Binance doesn’t guarantee a big impact on the market. We have to see every project its real purpose, and if you’re looking for an impact in the market then it must be good aside from bitcoin, but since DeFi is pure of hype its hard to tell the real impact of it. RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
The first lending coin created was bitconnect and was found out to be scam project, it was because of their excess hype that resulted to many fake project impersonating lending as their idea in their whitepaper. The very last one I participated that ended up crashed till date is Money Token(IMT)
Quote
MoneyToken steps in. The MoneyToken platform allows you to borrow liquid funds instantly based on the current value of your cryptocurrency asset holdings.
https://moneytoken.eu Jump to: