Topic: The Rise of DeFi — A Temporary Threat to Major Coins? - page 5. (Read 1034 times)
It can trigger a bear period for the top cryptos in the market if DeFi will really be a hit. If we take a look at the situation right now you will see that lending might be really big as a lot of people will be looking for some loans due to them being affected by the pandemic, people who have extra crypto lying around might see this as an option and they might offload their crypto to buy these type of cryptocurrencies but this is just one big speculation and it might not happen.
Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.
Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?
Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?
Defi is another new tool for pumping altcoin. As a result, some coins may be getting the benefit that they have been dumping for so long. And everyone knows what the result will be after this pump. But newbies don't know anything about this. Major coins are not among the coins that are being discussed with Defi. So the major coins were not affected.
DeFi is really something now, I didn't know Chainlink and compound is a defi project until coinmarketcap added a list of defi projects and surprisingly LINK is the top 1 https://coinmarketcap.com/defi/. and because of that I learn new defi projects. They are not really a threat, each crypto has its purpose, most of them are using ETH network, that is their weakness as of now. If ETH is clogged all of them is affected but this new tech provided by defi is amazing.
Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.
Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins,
Those speculations about bitcoin's plunge are wrong. Just to see the price of bitcoin today, it has been up by +$200. The stable price that it has for the past few days was $9050 - $9100. Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins,
Then suddenly it surged to $9300.
do you guys believe we are going to see a downward movement in the coins?
We will always deal with the downward at any time so just expect it while the prices are going up until it lasts. Well, it's look likes a fomo to me because it'll vanish just like other trends when more public will attract into Defi and get low reward as it's the main point for all the newcomers who get interest into defi. Also i see many of the well reputed Top crypto projects are shifting to Defi catagory. Recently, Tomochain get the Defi tag on CMC and all people get in fomo and buy tomo.As a result, tomo get an instant pump. But the major coins won't be effected , imo.
You absolutely right the FOMO. Greed is always comes in hand with trend. And trend will always expired once there are too many participants. If the capital shift did happen, the capital will eventually shifted back to major coins, especially Bitcoin when the trend is dying. Bitcoin is still the most decentralized and secured cryptocurrency. 
Well, it's look likes a fomo to me because it'll vanish just like other trends when more public will attract into Defi and get low reward as it's the main point for all the newcomers who get interest into defi. Also i see many of the well reputed Top crypto projects are shifting to Defi catagory. Recently, Tomochain get the Defi tag on CMC and all people get in fomo and buy tomo.As a result, tomo get an instant pump. But the major coins won't be effected , imo.
Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.
Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?
Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?
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