Topic: Top 10 DeFi projects - page 3. (Read 885 times)
I expected to see yfi on the list.. Still wondering how the project got so high and even hot listed on binance. It rose from $32 to presently $10000. I can't say if it's a scam project.. But hey! The rise is too much and it's still going up just withing 1month. I think it as should be amongst the top 10 defi projects that's doing fine. Those who bought at very bottom should be smiling now.
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
Very possible it's a paid position, if a scam coin but can be in the top ranking I think the site provider receives a fee from dev, they take advantage of the current Hype situation to trap investors. Very possible it's a paid position, if a scam coin but can be in the top ranking I think the site provider receives a fee from dev, they take advantage of the current Hype situation to trap investors.
No doubt about that. But the site seems to be followed by most users. Actually yam is a good project, but the consequence of their error made a lot of money losses. If only they were able to secure codes properly then this would not happened. What Im not sure if the error is really an error or a planned act to exit from the very start but if it is. Then lucky guys for ripping too much money. 
I was also surprised when the link you shared with YAM was in the top 10, I was also surprised that Coinmarketcap was able to put the project in position 42 https://coinmarketcap.com/defi/. looks like coingecko performance is better because we won't see the project in the top 100 https://www.coingecko.com/en/defi
Never be surprised about Coinmarketcap because there is a lot of misinformation and a lot of projects and scams that have been listed on the site, just yesterday I wrote a topic about that in the Arabic section and put some pictures about inaccurate information.
So I'm never surprised at this and I agree with you that coingecko is a lot better and more reliable than Coinmarketcap.
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
Very possible it's a paid position, if a scam coin but can be in the top ranking I think the site provider receives a fee from dev, they take advantage of the current Hype situation to trap investors. 
I do not believe in this assessment, they list small projects and say which are the top defi projects in this market?
Please go to: https://coinmarketcap.com/defi/
You will see which project is the best
Coinmarketcap should be the reference, I was shocked when I didn't see Chainlink in the list and see YAM in top, but in coinmarketcap YAM is number 42. There might be a different basis in rankings but not indicated in the website so the title is confusing, I tried to on the basis for new project but only two listed. Please go to: https://coinmarketcap.com/defi/
You will see which project is the best
I agree with you, i don't see any reason to place YAM project on the top 10 in DeFi project.
With this DeFi hype, there are many projects suddenly changed their project into a DeFi one. We should not trusting them all unless we really know the about the project.
So if Yam is a scam as I have read in several place, why is it then listed. May be they have found a way around the challenges they faced before the price dump. All said and done, we should be careful Defi projects we are getting into.
Defi has become the talk of crypto community, everywhere you turn there is a thread relating to defi being created, this is not surprising as the defi project have been doing really well lately, I think this op list about top defi project should be reupdated because am not seeing some defi project on it.
Since DeFi hype is going on in the market now, it is normal for everyone to go this way. I will not say which coin is bad or which coin is good.
The main reason is that everyone has a different system of self-research so my opinion may not match. I just want to warn new traders.
Find a good project without running after that hype, because when the hype is over, you will not get a chance to correct your mistakes. So it is better to prepare in advance.
They should really be on having that advanced thinking if they wont like to be fucked up in the end of the line.This thing happened when ICO is hyping and also with EIO and when DeFi thing had hyped upThe main reason is that everyone has a different system of self-research so my opinion may not match. I just want to warn new traders.
Find a good project without running after that hype, because when the hype is over, you will not get a chance to correct your mistakes. So it is better to prepare in advance.
then i do already told myself that this one is the 3rd one which the market would really talked about.Good for those who had able to make money but wont really be that ideal if they would go all in
just because they had profited on the first step.Come to think when the fuel for hype is gone then expect for a heavy correction which always been had when dealing up to this market.
Everything is unpredictable though and we cant judge if this one would be on the same fate.
There is so much light given to DeFi projects these days, investors are falling crazy over it coz there are various coins that already pumped unbelievably making x5 to x10 revenue to them. I hope the hype for these projects won't just be another fail era of projects. History repeats itself? I'm thinking lately if this is going to be the same era as 2017 where there are a lot of projects taking place and funding, investors are crazy for getting a profit and project teams ran away with the money. Would this hype will be a history for most of the investors again? I hope it won't. Now there is coin that made an incredible high, then the team found a code bug on it. Yup it's YAM.
I am most shocked to see snx being so expensive now. I had the chance to grab then very cheap. I do not remember exactly but i think for 8 9 cents but i skipped it thinking that it will not be worth it actually the market back then was so slow back then that there was almost no hope with most of the projects but the ones that kept developing they are reaping the fruit now and snx is one of them.
Yes, now the price of the SNX token is $ 5.91, and the Synthetix Network ranking in CoinmarketCap is fourth among the top 10 Defi projects, You missed a big opportunity from your hand, this is the crypto market always volatile.You should not rush to make an investment in any project, but you must thinking and seeing the experience of the project team and their continuous development, so if you invested some money in it, you will earn a lot of profits in the future.
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
It doesn't seem to be a paid position. Instead it all seems to be due to fake volume, perhaps the source where this info is taken from is corrupt in that manner.
I must say though that I was surprised to see MakerDAO into the top 10, and even more so how JUST came just below this ranking.
These are perhaps interesting to keep an eye on in the future. DeFi is certainly one industry to be watching but its related projects as we just seen don't always deserve their ranking! Something to be mindful of.
I am most shocked to see snx being so expensive now. I had the chance to grab then very cheap. I do not remember exactly but i think for 8 9 cents but i skipped it thinking that it will not be worth it actually the market back then was so slow back then that there was almost no hope with most of the projects but the ones that kept developing they are reaping the fruit now and snx is one of them.
I wonder that is DappRadar really trusted?
I never use this tracker so far. CMC ad COinGecko is most used.
Yes, DappRadar is trusted. I think the reason why they don't have LINK in their list is because they're mainly tracking DEFI dapps developed on blockchains like ETH, TRON, EOS and ONT.
I am surprised to see YAM in the list of top 10 DeFi projects.
In light of the recent DeFi trend, we have to be more cautious before throwing money to these DeFi platforms (just like what happened with YAM). Hopefully it doesn't turn out to be a bubble just like ICOs and continues for a long run. Investing in DeFi tokens just because it's on Coinmarketcap, Coingecko or even DappsRadar 's list won't cut it.
Since DeFi hype is going on in the market now, it is normal for everyone to go this way. I will not say which coin is bad or which coin is good.
The main reason is that everyone has a different system of self-research so my opinion may not match. I just want to warn new traders.
Find a good project without running after that hype, because when the hype is over, you will not get a chance to correct your mistakes. So it is better to prepare in advance.
The main reason is that everyone has a different system of self-research so my opinion may not match. I just want to warn new traders.
Find a good project without running after that hype, because when the hype is over, you will not get a chance to correct your mistakes. So it is better to prepare in advance.
I'm personally yet to get a full understanding of how Defi projects would be impacting the cryptocurrency space, but I learnt that they are pertinent to cryptocurrency loan, but it doesn't really make sense to me, considering the fact that they can't all be a loan provider or guarantor.
First, I am also a little bit surprised why they didn't include LINK on the list.
Other sources like CMC and also CoinGecko may have quite similar lists about the rank of DeFi projects.
We can see the following:
https://www.coingecko.com/en/defi
https://www.coingecko.com/en/defi
Those two sources have more similar lists and put LINK in the first place. There is no YAM, moreover on the top 10. I wonder that is DappRadar really trusted?
I never use this tracker so far. CMC ad COinGecko is most used.
YAM itself is in the rank of 341 on the CMC and it has quite enough trading volume.
Other sources like CMC and also CoinGecko may have quite similar lists about the rank of DeFi projects.
We can see the following:
https://www.coingecko.com/en/defi
https://www.coingecko.com/en/defi
Those two sources have more similar lists and put LINK in the first place. There is no YAM, moreover on the top 10. I wonder that is DappRadar really trusted?
I never use this tracker so far. CMC ad COinGecko is most used.
YAM itself is in the rank of 341 on the CMC and it has quite enough trading volume.
Yes, I know scam accusation on YAM and I don't know why the site still listed YAM in the list of top 10 Defi (all protocols). Is it a paid-position?
It could be like you say , i am not surprice about anything in crypto. Why this fomo about defi project , long term will not bring to us anything! Personally i don't like this kind of project.
hear yourself mate, PayAccept is also a defi project, if you say you don't like this kind of project then why are supporting the type of project, i guess you don't even know and understand the project you promote, defi project is not different from ieo and ico, even if there many scam but some are legit and genuine, same thing with defi Project, not all of them will be scam as many people are insinuating.
You should update your list if DIA isn't on the that list. The next oracle. What happen to link?
The real DEFI revolution started from Link. Most of these DEFI are crap and hype, only few will last after bull run. Yam is big time looser as it loss - 1000% in just 24 hours of found bug.
Invest wisely!!
The real DEFI revolution started from Link. Most of these DEFI are crap and hype, only few will last after bull run. Yam is big time looser as it loss - 1000% in just 24 hours of found bug.
Invest wisely!!
Defi seems to be the new trend in the cryptocurrency space and several persons are joining the movement. Even as much as its awesome to join and get the best out of the market, its wise to be careful about your choice of projects to avoid issues and specifically its best to avoid pump and dump projects.
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