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Author Topic: Big money moving in next year, means greater demand for DEX projects?  (Read 1584 times)
Dollar_Hunter
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July 20, 2020, 12:51:35 PM
 #141

this year is the year for the Defi project, maybe next year is a DEX project, it is very interesting to invest,
I am also still waiting for the price of Waves to go down, because Waves is also a DEX project

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_IRMAN
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July 20, 2020, 02:13:05 PM
 #142

DEX exchanges should have high demand, but nowadays it is even rare to use DEX for trading. Because DEX trading volume is low
compared to centralized exchanges. Even though there is a high volume of DEX it might be fake, so from now until now the demand
for DEX is fairly low. People to get privacy are enough investments in privacy coins.
1. DEX cannot create Fake Volume
2. DEX is currently low due to various factors, only available for one network, cannot cross exchange. Every activity on DEX requires a fee, and see the gas fee for ETH is very expensive lately. So people will prefer CEX over DEX.
GucciBoy
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July 21, 2020, 01:34:56 PM
 #143

this year is the year for the Defi project, maybe next year is a DEX project, it is very interesting to invest,
I am also still waiting for the price of Waves to go down, because Waves is also a DEX project

Waves is a "Hybrid", meaning it's not a true DEX. It's centralized.

Real DEX's like Blocknet is where the money is at though. Smart money is accumulating this one.  Wink
judaspriest
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July 21, 2020, 04:00:52 PM
 #144

The DEX project has seen a high increase this year, as IDEX has gone up 5x, and it's amazing,
DEFI and DEX are on the project IDEX, I think there will be 5x more

Spaffin
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July 21, 2020, 05:05:42 PM
 #145

The DEX project has seen a high increase this year, as IDEX has gone up 5x, and it's amazing,
DEFI and DEX are on the project IDEX, I think there will be 5x more
I believe that this situation, regarding the cooperation between DeFi and DEX, is worth paying attention to, because it can lead to high potential in the future to make a good profit. In any case, I will take note of this today.
BTCXRPADA
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July 22, 2020, 04:32:19 PM
 #146

The DEX project has seen a high increase this year, as IDEX has gone up 5x, and it's amazing,
DEFI and DEX are on the project IDEX, I think there will be 5x more
I believe that this situation, regarding the cooperation between DeFi and DEX, is worth paying attention to, because it can lead to high potential in the future to make a good profit. In any case, I will take note of this today.

If you look at Blocknet's circulating supply, it isn't unreasonable to see this project 100x ($150/coin). What they are building definitely has the potential to reach the masses, as their tech can completely decentralize Ethereum, which suffers from a centralized data protocol called Infura.

If Infura goes down, all the tokens running on the ETH main chain will be unusable, which would be a disaster for projects like Chainlink, which relies on the ETH chain with its node network.

Do your own research on this one though.
Silberman
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July 22, 2020, 05:46:43 PM
 #147

DEX exchanges should have high demand, but nowadays it is even rare to use DEX for trading. Because DEX trading volume is low
compared to centralized exchanges. Even though there is a high volume of DEX it might be fake, so from now until now the demand
for DEX is fairly low. People to get privacy are enough investments in privacy coins.
1. DEX cannot create Fake Volume
2. DEX is currently low due to various factors, only available for one network, cannot cross exchange. Every activity on DEX requires a fee, and see the gas fee for ETH is very expensive lately. So people will prefer CEX over DEX.
The main problem with any DEX is the lack of volume, even if a huge amount of money comes to the market what is the point for the DEX if the investors cannot use their money to trade there, I had a lot of hope that a DEX will come out and become really popular and we could get a place to trade our coins without the need to go through KYC and other ridiculous measures but as time has passed I am losing hope as centralized exchanges are becoming more popular by the day.
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