Bitcoin Forum

I was checking the Defi coins list on Coingecko. I saw that most of the Defi coins got a huge boost in last 7 days.  Maximum of those are already 50%+ up in the last 7 days. Is it because Bitcoin becomes stable in a new price range?
Or there is any other reason behind it?
What your thoughts about this?

Check the list here: https://www.coingecko.com/en/defi

Economic law. Defi projects were created with a philosophy to "help" investors who want productive loans. The Covid-19 pandemic greatly helped the development of the project. At least the defi project has a usecase. Because it is very useful, many investors invest in defi coins. And everything related to finance things, usually will be followed by the increase in value of the product. Question that arises in my head, can all these projects survive when the pandemic ends? Or what happens if there's saturation?

Very creative thinking from you. Actually the questions arise will this Defi projects can survive after the COVID-19 pandemic? So far, I think they can survive if they make their platform and community strong and supportive. If you don't get any support from your community you can't stay in the market by your own.

Let's see when this COVID-19 situation ends and where ends this Defi projects.

Thank you for the motivation. I have confidence that defi's project can survive if they have plans for expansion. For example, trying to become a multi-investment institution, financing projects, research and so on, as done by common finacial institution.

2017 - ICO
2019 - IEO
2020 - DeFi Projects

They are just changing the names and make some modifications just to attract investors. See how CEO such as CZ and Justin Sun have converted to the trends. The market is full of hype and price won`t move unless their is new strong news that will explode. I have been trading also defi projects right now and most of them are really profitable nowadays. Defi projects can be seen at binance. There are plenty of them right now.

And the money is flowing? huge amount, in the billions of dollars. I don't think that bitcoin has something to do with it. Just the tokenomics of Defi platform, the more you put the chances of your making profits by staking/holding it for 6 months to a year. So it is the hype around it and nothing more. And it will be good until it last, just like 2017's IEO boom and bust.

Right, I even created threads about the hype on Defi:

DeFi Anticipated To Reach $5 Billion In Total Value (https://bitcointalk.org/index.php?topic=5264489.0)
Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ (https://bitcointalk.org/index.php?topic=5266675.0)

And just imagine that we haven't still peaked yet, and there could be more money going into this market. My thoughts that it really bring this bullishness in the market, so it could trickle down to alt coins and maybe it can garnered bitcoin investors as well. Good times is coming back.

We are like with the days of ICO hype and as of now, this is the hype that these Defis do.

There is no any other reason and it's because people are seeing that it's bitcoin that's shining again and anything that's related to crypto projects is booming. It makes people crave to invest in more projects because they have an idea that we're about to enter a bull run.

I think this is hype in DeFi. As you know people showing interest in DeFi project. I don’t how long this hypes will stay. But don't jump all of the DeFi crypto. Because end of the day only legit project can remain in market. Better choose wisely other wise you can loose money in DeFi hype.             

I have Oikos and it's one of the Defi projects that really made an impact in the market, Defi has usage and it solves some of what the people needed, this is a really decentralized industry that people should look study and try it out it's a bank in the cryptocurrency, that's profitable for those who wants to invest.

This is what happen when people throw away reason when investing, some people just want to buy anything DEFI because this is what is in vogue now and this madness could even surpass the ICO crazy IMO. If we are just entering the bull market and prices are moving up this way what would end up will be a zero sum game for most people

I guess the main reason is the hype behind DeFi projects, many people are being FOMO by this DeFi, Band and Link has been increasing in price which is good for investors, Yes, DeFi is really amazing tech in crypcurrency but I have notice there are also an increase in scam defi projects which they list directly on uniswap which is pretty alarming just last week I saw some scam defi project just scammed 200 ETH to it's investors, scammers are on the move again riding this defi hype, be careful I prefer to invest on top defi projects.

Defi is a very hot keyword, and most investors have invested in these defi projects. So we can bet on projects with low market cap waiting for profits. I bought some OKS at $ 0.055 and am waiting for it to go up to $ 1 in the future

Yes that's true where the money is the scammers will follow, it used to be IEO now it's the Defi hype we must be aware how Defi works and the team that is working on this technology are really knowledgeable about the structure of Defi, we need to educate ourselves just like how we educate ourselves in fighting scam projects.

according to what I see this because bitcoin, and in recent weeks DeFi has become the most talked about topic. so the hype about DeFi coins is still quite high. the more people talk about it, I'm sure the price will continue to go up.

so it is normal for DeFi coins to have increased in the last few days. even so I highlight about the news that there are some DeFi Platforms that are having hacking issues. this can be a serious problem if there is no resolution. DeFi is the new hype that is getting the crypto market excited again. and I don't want this hype to be destroyed just because of safety concerns.

DeFi will end up like an inflated bubble and it will burst just like what happened in 2017 with the ICOs. The concept is really good and I am not going to downplay it. But the acceptance among the mainstream users have remained very low. As of now, DeFi is mostly limited to the cryptocurrency sphere with hardly any usage in the mainstream market.

Sure it will happen, but we don't know when the Defi will crash. Btw scammer is trying to create many fake projects to try to steal investors' money, so be careful with it

I also see how they really can hit the market with a high increase, leaving others behind and leading at first. And the most leading coin of DeFi is the LINK so far. This con can increase so highly in a short time. Although it may decrease, but it can then increase again quickly. We can see how the chart of LINK. It is so interesting. And so do the other DeFi coins.
But, Is this only one of the hype? Will this DeFi coin survive for longer and longer periods for more years? or will it only survive until 2021 and will be replaced by other kinds of projects? I am so curious about this. But so far, I also still hold LINK. 

I believe that the Defi's growth in recent days is not purely related on Bitcoin price increase instead, the Defi market has a unique parameter why it kept growing till today although most of the cryptocurrencies are tied up with Bitcoin price movement Defi has exception because at the time that Bitcoin was floating in $9K level the Defi market cap was already shooting up,thats why I believe Defi has also contributed to the bullish market trends today.

We're just in the very early stages of Defi, so I think it'll last until the end of 2021, so take advantage of this opportunity to make a profit from the market. I bought OKS and now has more than 30% profit from it, Defi projects will surely grow many times in the future.

There is CeFi DeFi and CeFi ratings (https://bitcointalk.org/index.php?topic=5261094.0). Please correct me if I am wrong but I don't know what is CeFi. It looks like a borrowed term from DeFi, with a little adjustment in the initial term, replace of D by C.

I see it is a similar minor change from ICO to IEO.  :-X

isn't cefi mean centralize finance since defi is decentralize finance! this few days have feel like a bull run for the defi project and it is really amazing to see how fast the price is appreciating, i was following link and ban from $9^ish and suddenly they touched $14 and that really surprises me, i think investors in this project must be very happy with the results.

There has been big hype and fomo revolving around DeFi and the related projects and that is wwhy they are in demand and growing in value everyday just look at how much snx has grown in like last 2 months or so. Some big crypto companies are also funding and supporting defi based projects which is also one readon for the craze in the market surrounding DeFi.

Crypto continued to gain trust now that countries are developing thier own digital fiat on blockchain. I'm sure Defi will survive after the covid, all have changed already. There are already mainstream media not representing Bitcoin as scam which they are likely becoming aware now about crypto.

Among the top defi project is Kava, it looks very developed compare to some Lending platform and its using Cosmos for interoperability.

50% increase because DEFI is currently trending, so it is natural that many DEFI coins or tokens have experienced high increases,
like JUST, I also did not expect it to be like this

I´m waiting for the news that those DeFi coins are down 99%. Not being negative here but it´s obviously a bubble, a pump and dump scheme. DeFi coins came suddenly around the corner and now they are the best thing since sliced bread? I don´t think so. While there are certainly good projects in DeFi, most won´t survive, especially those that got pushed to the moon by experts and gurus

With the hype in the market and everything favoring defi it seems just like a start but who know. I have also seen critics that are calling it just a bubble but with big data platforms like cmc and coingecko quickly coming up with defi section and huobi introducing defi incubation and funding program i think this trend will continue and this may prove to be the big stimulus for the next massive bull season.

DeFi is the new bubble. Hype is strong on DeFi projects so manipulation and speculation are driven these prices in my opinion. Sure some projects have value, but they all kind of offer the same concept so who will win and keep market share is another question. For now, speculators are dominating trading volume not really users.

DEFI projects are really doing great presently with the overall DEFI mcap skyrocketing mainly due to staking / yield farming benefits. Some have already started to say DEFI bubble will soon burst, implying everyone should understand DEFI is a trend which will come and go. However, DEFI is taking the crypto space to the next level in the real sense.

Many reasons behind this, first one is that we are in the middle of a bull market and it is mostly always a trend that first the price of bitcoin rises and then the altcoins follow, same is happening now, the bitcoin price rose a couple of days ago and became stable and now the altcoins are pumping. The second one can be the DeFi hype that was going on before the start of the bitcoin bull run, because before the start of bull run of bitcoin, the DeFi coins were already rising in price but bitcoin pump gave more fuel to the DeFi rocket and now it has already made many DeFi coins to boom in the past week or so.

I bought 2500 OKS 2 days ago at 0.041$ price. Currently, it's over  0.1$+. So, I am already on a huge profit but still holding the tokens to get a good price around 0.5-1$ like you. Also holding 1300 OKS token I got from their last bounty. Hoping to get a good amount on this current bounty.  Hope the price still rising.

The DeFi projects are actually enjoying price boost recently and this could probably due to increase in the interest of the investors in the decentralized financial crypto projects because of the tendency to make quick profit from it.  Well, we hope this price increase will be maintained for a while, especially that of our very own OKS...lol.

It is unbelievable how any innovation is quickly copied/pasted by all projects and people start a rush to invest in these projects and spread the innovation everywhere as if they were talking about the Bible. But in 1 year from now they will be in decline and we will see another innovation to cause another great price pump. this is an endless cycle, if at least project creators forgot copy/past it would be very good

It fees like 2017 in the Defi chain, most of the Defi coins and none Defi coins have really increase a lot, even oikos increases lots more from what it was trading few days ago, my little mistake is not buying when the price was down now the price has really gone up, I guess this year is year of Defi project, everyone should buy some not to miss out.

These defi people are making me cringe a ton when I look at them, they are acting like they are in the crypto world for the first time ever and they have never really seen anything similar before. After all in the crypto world we are actually quite repetitive and seen these type of hypes a lot, we have seen bunch of stuff that go super big and then just burst.

I can guarantee you that defi hype right now is the simple feeling of "someone made so much money, let's all go there!!!" and that's it, it is literally a gold rush for some people yet it is not making them that much money, it did for some people early on but that was it, not anymore. You will see that everyone will hate it very soon, I can remember ICO period when people invested over a billion dollars in a month, look at it right now.

We are simply witnessing that happening right now.

The market hypes and the reactions of the investors and those traders who are participating with this
ride, it's just simply amazing, this year belongs to this project I agree to that. A good sign that many
investors are still inside this market.

I've been hearing about Defi projects for a while now and I'm sceptical about the qualities of a defi project. I know Defi means decentralized finance, but is there some peculiar attributes for Defi projects, because several projects are claiming to be Defi in nature. Any assistance would be greatly appreciated.

There is the good, the bad and the ugly regarding DeFi..and one needs to be really well informed before investing or entering in decentralized finance because it looks easy but it is more complicated as it addresses different issues and needs. It's a learning curve but just like ICOS back in 2016, now the DeFi craze is attracting both smart and dumb money because it is addressing a need for people to become more independent with their money. DeFi gives people choice to enter a new market as opposed to just bagholding worthless FIAT.

Has anyone found some interesting new Defi project that is about to launch or has launched just recently? Would be nice to see if things are moving in that regard also when it comes to things related to Defi.

So far I have seen people only talking about established projects or old project that connected to Defi train in some form.

Yes looks like 2020 is all about Defi. But personally I am not sure how sustainable this Defi hype is as I believe the main reason for the pump is craeting artificial demand by locking up tokens.

Yes, I also bought 654 Oks at 0.04$ each few days ago and I have sold those today at 0.1221$ each. I am happy with OKS and its a defi coins. Defi coins are getting successful rather many coins can't.

well history on crypto world is every new concept that could make a spike on crypto market will be trend for only a moment then after the concept born new scam project and investor got tired of it, the concept will be dead and born more new crypto concept.

already happend to Intial coin offering that very beauty moments for crypto world that pump bitcoin to 20K because new investor are comming and try new thing called ICOs, now ICOs is totally dead because to many scammers using the ICOs concepts to fool new investor.

And now most of the defi coins are 10% to 30% down in the 24 hour time period which clearly shows that the price increase here as a results of bitcoin acts as bullish.Bitcoin neet gets stable and its always too unpredictable whenever we thing it is getting stable and it has been the nature of bitcoin since I knew it.

This happened because bitcoin is down again, and altcoins follow, we have a red market today so expect that more down trend will happen.
If the price rise big time, it's mostly because of the hype, we can't say it's because bitcoin is stable in its new price range because it has never happen yet that bitcoin is stable, it's still a speculative asset that is subject for volatility and since it's dominating the market, it's expected that the rest of coins are also volatile.

The market is certainly responding to the reality of mass adoption of cryptocurrency as the new money.

you got it . btc boosted them but aside from btc defi had been on the news before and everyone is talking with it   .

defi itself did also contribute but but now that btc is decreasing  , defi and other cryptos are also following . this is a bad timing or unfair for those that will only going to recieve thier coins  because they also waited for that great moment to happen .

true I also saw that coin defi brings a new atmosphere to the crypto world In my opinion investors are more interested in defi coins than ordinary coins

The real defi is bitcoin and you can see how fast bitcoin crossed from 9k to 11k. Defi is new things and lot of investors interesting in it. Now many projects coming in this field and I think for mid term you can take profit from it but for long term I always with btc and top 10 crypto. These defi coin just a bubble like ampl. Ampl have a huge fomo but you can see how it's price come back from 3 dollors to under 1 dollars. So it's very risky.