Now looking at the current moment, what can be said about DeFi projects? Are they really a threat to major coins ? I believe the answer is quite clear. DeFi made a huge hype and that is why many people made a lot of predictions and so on, but it is kind of funny to think that DeFi projects are capable of plunging Bitcoin and other top altcoins in a downward movement. DeFi made quite a good hype and of course enriched many people but currently the hype is gone and many of them are now finding it hard to grow, many of them are being exploited by hackers and most upcoming ones are turning to scams, which brings us back to the ICO era.
Nevertheless, in my own understanding, that a new trend starts is not enough reason to think it will lead to other top coins dumping, hence as you invest and listen to what people say to hype whatever they believe in, invest wisely and know when to take your profit.
This is not really about destroying everything else, but more like "could it be high" situation. Surely it is not going to be as high as bitcoin, nothing is as high as bitcoin, but it could potentially be as high as maybe xrp? litecoin? bnb? Those are still valid, if not maybe tron? wave? I mean there are some defi that are already higher than those today.
So basically what I am trying to say is that, sure it is not going to end up going over bitcoin, but what do you consider "major" in a sense? because there are some defi projects which are already in top 20 list and that shows that they are already there and doing awesome. Which is why we come to second topic, what is "threat"? Do we consider these coins taking money as money lost from major coins? If you think so that means they are a threat, if you do not see it that way, that means there is no problem.
