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Topic: What will happens to those DeFi project now? (Read 510 times)

jr. member
Activity: 189
Merit: 1
November 04, 2020, 04:33:31 PM
#60
I think DeFi hype not end I think DeFi new projects will continue. My opinion DeFi tokens survive for the next few month.Because trends in the cryptocurrency market can change at any time. I'm sure Defi will help bitcoin pump up.
member
Activity: 196
Merit: 11
https://blockmembers.io/
November 04, 2020, 03:24:22 PM
#59
At the end of August, the volume reached a record of $8 billion, the September maximum was $6 billion, last week the trading volume fell to $3 billion. On September 1 the trading volume on Uniswap was almost $1 billion, on October 22 $234 million. Trading volumes at DEX decreased by 41% so it looks like DeFi hype fade away. So now what will happen to most of the DeFi project? They will be valueless or there will be another version of DeFi hype?
The projects that popped up just to chase the hype of the defi trend without any solid plans or project will definitely fade out and close while the real defi projects will continue to work especially if they continue to work and improve their platforms with time.
legendary
Activity: 2100
Merit: 1058
November 04, 2020, 02:59:01 PM
#58
There was never a doubt in peoples mind that the hype will one day be done with, however just because there was hype and it was a lot of money that exchanged hands, doesn't mean that its normal right now or down.

It is still high, it was too high to sustain that much but it is still high today, which is why I think it is important that we realize defi is not going anywhere and dex is not going anywhere. Sure from 1 billion to 200 million is a big fall and I understand that you may feel doomie about it but the reality is that 200 million dollars still exchanged hands and that is what matters.

We know have a whole market that took a chunk of trading volume from CEX and moved it to new DEX's and that can't be taken away anymore. Which is why I believe investing into them is not really a bad idea neither.
sr. member
Activity: 2254
Merit: 309
SOL.BIOKRIPT.COM
November 04, 2020, 01:02:15 PM
#57
Most important thing when building project is how to get and keep trusted from investor by make potential coin and have worth price higher than ICO, but when have trouble with price drop and not have planning to buy back you will left by investor and never trust you anymore. This happen to DeFi coin project right now, just monkey business pump few awhile and later back to lower price. We enjoy with DeFi coin about two months and now there are many DeFi coin become nothing with lower price after developer have get much money from investor. Now when have new DeFi coin launching less investor wanna buy and interested for investing again because they have get scam early.
hero member
Activity: 2366
Merit: 504
November 04, 2020, 12:10:46 PM
#56
just like usually when the hype fades the demand will just get normal and there'll be no such thing as people selling it overpriced since the supply is much more many.
But, honestly nothing that significant gonna happend. Most of Defi projects are indeed using the name "defi" to market themselves but they are quite good enough to stand using their own system.
sr. member
Activity: 882
Merit: 251
November 04, 2020, 11:42:38 AM
#55
Some DeFi still profitable. Now, I am not understand crypto Markets fully. I know so much acam in DeFi. But, also too much profitable project available in DeFi. I can't ignore DeFi for this reason.
If you don't know or fully understand the market, why would you say that some DeFi is still profitable at the moment? In fact, some people have said that DeFi has started to fail the Hype, even though you can't ignore some DeFi projects that you think can still benefit you this year.
The current defi project there are indeed many cases and hopefully it will not have a bad impact on the development of defi in the cryptocurrency world because this has the potential to make the cryptocurrency name worse because many have lost their money because they participated in the defi project.
hero member
Activity: 2534
Merit: 586
November 04, 2020, 11:37:12 AM
#54
At the end of August, the volume reached a record of $8 billion, the September maximum was $6 billion, last week the trading volume fell to $3 billion. On September 1 the trading volume on Uniswap was almost $1 billion, on October 22 $234 million. Trading volumes at DEX decreased by 41% so it looks like DeFi hype fade away. So now what will happen to most of the DeFi project? They will be valueless or there will be another version of DeFi hype?
Lol before now I have known that the hype will die off. And it’s not just me, a lot of people were aware of that. New projects come and people start hyping them and making money through, once it reaches a high price they will start selling their tokens and dump on the project. That’s the same thing that has happened with DeFi, at first when they started everyone was hyping them all and now it has started crashing.

If you told most people that UniSwap would be at this level today they wouldn’t have believed, they thought that it will keep increasing and they were rushing in lol.
hero member
Activity: 2576
Merit: 579
November 04, 2020, 11:33:38 AM
#53
Some DeFi still profitable. Now, I am not understand crypto Markets fully. I know so much acam in DeFi. But, also too much profitable project available in DeFi. I can't ignore DeFi for this reason.
If you don't know or fully understand the market, why would you say that some DeFi is still profitable at the moment? In fact, some people have said that DeFi has started to fail the Hype, even though you can't ignore some DeFi projects that you think can still benefit you this year.
sr. member
Activity: 2254
Merit: 258
November 04, 2020, 08:52:08 AM
#52
DeFi projects are still good and some of them will have a long term potential it's the bad actors that people should weed up, right now so many scam reports are concentrated on DeFi and it's giving a bad reputation to the industry, it's saturated it's hard to tell who among these projects are true and legit, this is happening because there scammers and bad actors who'll try to pretend that they have legit projects.
sr. member
Activity: 1414
Merit: 255
November 04, 2020, 08:48:21 AM
#51
They will soon be worthless and maybe now some of them are dead, unless there will be new hype, maybe they will migrate because Defi is the same as the ICO hype in 2017
full member
Activity: 1316
Merit: 108
November 04, 2020, 08:45:15 AM
#50
At the end of August, the volume reached a record of $8 billion, the September maximum was $6 billion, last week the trading volume fell to $3 billion. On September 1 the trading volume on Uniswap was almost $1 billion, on October 22 $234 million. Trading volumes at DEX decreased by 41% so it looks like DeFi hype fade away. So now what will happen to most of the DeFi project? They will be valueless or there will be another version of DeFi hype?
That's big problem for those DeFi projects that are listed only on uniswap exchange, I don't use uniswap to buy or sell few DeFi projects that I invested on, they are listed on several top exchanges too so I have no problem with uniswap, that's a new lesson to learn here, don't invest on DeFi projects that are only trading on uniswap or dex exchange only
I have participated in so many airdrops of DeFi projects, but so far I have not received any rewards and therefore I have not been able to use uniswap. Regarding the authenticity of the defi projects themselves, this is a completely different question, but as for uniswap, it is most likely an exchange that will only be used by large investors in order to maintain their anonymity. The fact is that I checked a lot of information on this matter and it turns out that many are unhappy with the very large UniSwap commissions, which will be difficult for an ordinary user of cryptocurrency to pay.
member
Activity: 504
Merit: 25
November 04, 2020, 08:42:36 AM
#49
It's not only DeFi projects that are suffering presently, majority of altcoins that aren't DeFi are suffering too, we just have to hold tight, Bitcoin keeps surging and that's enough for us, when bitcoin bullish is over altcoins will take over, and after that another long bear market will begin, it's possible to make insane profits from projects that aren't even that big
legendary
Activity: 2982
Merit: 1028
November 04, 2020, 08:28:55 AM
#48
At the end of August, the volume reached a record of $8 billion, the September maximum was $6 billion, last week the trading volume fell to $3 billion. On September 1 the trading volume on Uniswap was almost $1 billion, on October 22 $234 million. Trading volumes at DEX decreased by 41% so it looks like DeFi hype fade away. So now what will happen to most of the DeFi project? They will be valueless or there will be another version of DeFi hype?
That's big problem for those DeFi projects that are listed only on uniswap exchange, I don't use uniswap to buy or sell few DeFi projects that I invested on, they are listed on several top exchanges too so I have no problem with uniswap, that's a new lesson to learn here, don't invest on DeFi projects that are only trading on uniswap or dex exchange only

You always need to do deep research before you invest your money.

The hypes might be over now and investors might be looking for another trending types of investment, those project that don't have any other usages aside from being hypes while DeFi still hyping too much. Now more projects are fading and no interest have been shown waiting for the time to completely forgotten be died naturally.
full member
Activity: 952
Merit: 110
November 04, 2020, 08:04:08 AM
#47
The DeFi hype is over, investors are already taking action to look for new projects that could be profitable. I think DeFi is still in exist even though the enthusiasm has started to decrease
Over? Well it depends, Chainlink still looks profitable to me, it's back at 11$ to 12$ range now compare to few weeks ago, the secret to promising DeFi projects are their use cases, Oracle projects are high demanding today but many DeFi projects are just like Ponzi
full member
Activity: 952
Merit: 110
November 04, 2020, 08:01:45 AM
#46
At the end of August, the volume reached a record of $8 billion, the September maximum was $6 billion, last week the trading volume fell to $3 billion. On September 1 the trading volume on Uniswap was almost $1 billion, on October 22 $234 million. Trading volumes at DEX decreased by 41% so it looks like DeFi hype fade away. So now what will happen to most of the DeFi project? They will be valueless or there will be another version of DeFi hype?
That's big problem for those DeFi projects that are listed only on uniswap exchange, I don't use uniswap to buy or sell few DeFi projects that I invested on, they are listed on several top exchanges too so I have no problem with uniswap, that's a new lesson to learn here, don't invest on DeFi projects that are only trading on uniswap or dex exchange only
full member
Activity: 476
Merit: 100
November 04, 2020, 08:01:10 AM
#45
People gradually began to delve into defi projects and then ran like an avalanche for profit. Those who entered much earlier began to gradually leave taking profit
member
Activity: 686
Merit: 28
PUGG.io
November 04, 2020, 07:42:51 AM
#44
The DeFi hype is over, investors are already taking action to look for new projects that could be profitable. I think DeFi is still in exist even though the enthusiasm has started to decrease
hero member
Activity: 2408
Merit: 693
SecureShift.io | Crypto-Exchange
November 04, 2020, 07:40:27 AM
#43
At the end of August, the volume reached a record of $8 billion, the September maximum was $6 billion, last week the trading volume fell to $3 billion. On September 1 the trading volume on Uniswap was almost $1 billion, on October 22 $234 million. Trading volumes at DEX decreased by 41% so it looks like DeFi hype fade away. So now what will happen to most of the DeFi project? They will be valueless or there will be another version of DeFi hype?

what happen to all the ico projects with such ico hype? the same thing will happen here, in the midst of defi hype there were good and genuine ones and i believe those good and legit ones will continue to develop and strive for more success while the ones that were only created for hype and speculations purpose will slowly die away, this is how i see it.
hero member
Activity: 2548
Merit: 572
#SWGT CERTIK Audited
November 04, 2020, 07:34:56 AM
#42
Not all DeFi projects are in trouble because they are very useful in this space, so many DeFi projects will go bad or died painfully but some will survive, it's our responsibility to find DeFi projects that have very good use cases if we really have interest in them, it's complete stupidity to avoid DeFi because most DeFi projects are scam or dumping.
unfortunately nowadays most DeFi projects are scams and only a few really good projects still have a price on the exchange because they have a concept that can give a lot of people a profit and that's what ends up making a lot of investors still support it, but I'm sure it's only temporary because once DeFi doesn't really benefit them investors will stop supporting the project.
member
Activity: 742
Merit: 16
November 04, 2020, 07:22:36 AM
#41
Not all DeFi projects are in trouble because they are very useful in this space, so many DeFi projects will go bad or died painfully but some will survive, it's our responsibility to find DeFi projects that have very good use cases if we really have interest in them, it's complete stupidity to avoid DeFi because most DeFi projects are scam or dumping.
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