Will DeFi help ethereum reach it's old 4 figure value?

[Ceyflix-Rez]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

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[bttmember]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

Ethereum price will not depend on DeFi success rather it can be seen with open eyes that ethereum is bullish bith fundamentally and technically, the other day i was reading an analysis that ethereum can peak to 10k in next bull run whereas 5 to 6k peak predictions are common but to be honest i see eth to atleast reach 3to4k as next peak considering that last peak was at 1.4k 3 to 4k is very rational.

[kindbtc]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

DeFi being very popular right now could be the driving force for next eth bull run but still i will put more weight into eth 2.0 and all the upgrades coming to eth network and also pos will have big impact as it will be attractive for big investors.

[Wingsbtc]

I have interest in DeFi projects and it's already creating huge hype in crypto space of lately but be warned, this might just be another crypto ICO bubble all over again, i prefer focusing on Eth 2.0 for now than DeFi projects

[mu_enrico]

Unlikely will happen in the near future because without a bull run triggered by a combination of hype, good economy, and good news in the development, there will be no "mooning." Let's say the DeFi will trigger hype, but people currently still in bad shape because of Covid, therefore they won't buy speculative assets.

[tycsols]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

Synthetic network is another DeFi project that is flying right now, it traded very cheap under 10 cents for well over a year during 2018-19 but now with quality products it has become unstoppable and currently it is trading over 2.20 per snx which also shows how the trend is helping these projects but I also think that these tokens can see huge correction in coming months. I am just waiting for Eth to wake up, I am sure this time around Eth will make it big and many eth millionaires will be created.

[hatshepsut93]

DeFi is pure hype, it's just a rebranding of existing smart contract projects under a new name, there's nothing revolutionary because many of them are old, and also now very useful on practice. So, DeFi isn't going to replace traditional finance, because it can't do everything that traditional finance can.

Ethereum only reached it's historical ATH thanks to Bitcoin, it can't repeat it without Bitcoin having a crazy bull run again, because that's how hard the USD price is tied right now. And even if Bitcoin will go to the moon, there's no guarantee that ETH and other alts will follow, so far they got only partial gains from Bitcoin's rally.

[serjent05]

DeFi is one of the talk of the town today.  It may be one of the best name changing of a project done by ETH developers but it is still the same old smart contract as the earlier reply stated.  It may bring more adoption to ETH due to the hype and interest gathered by the development but I do not think that it will bring ETH to reach the old 4 digit value, ETH developers need more development and work to do before it reaches its ATH again.

[Ibizugbe1]

I think Defi ( decentralized fiance ) will drive the price of ethereum to a new ATH as we saw last time with loads of ICO driving the price of ETH to its ATH. I hope this new love called Defi won't be another package ponzi, as this may be hijacked bu some bad actors.

[ololajulo]

Some speculate that DEFI could be the new ICOs in the space and we have a great support from exchanges, I am more worried with the influence of exchanges with this. I dont think Ethereum price will mainly drive on the DEFI factor, If Ethereum is not planning to come early into DEFI, it could give late reaction with startup in the space. I see etheruem still leading the altseason in coming weeks but cant predict how

[TastyChillySauce00]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

Ethereum price will not depend on DeFi success rather it can be seen with open eyes that ethereum is bullish bith fundamentally and technically, the other day i was reading an analysis that ethereum can peak to 10k in next bull run whereas 5 to 6k peak predictions are common but to be honest i see eth to atleast reach 3to4k as next peak considering that last peak was at 1.4k 3 to 4k is very rational.

So many times I have seen a lot of analysts create a non sense prediction about the next bullrun that they didn't know about when that will happen too. Dude, we can assume if ethereum will be going even higher when it can reach its old ATH

[Kemarit]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

You can't really compare investors mentality back in 2017, there are a lot of irrational buyers, jumping on the bandwagon and believing that crypto, including ETH will go on parabolic rise, reaching 4 digits and more. However, it is not the case though.

Regarding if we are going to hit it again because of DeFi projects, it could be, no one really knows, as long as there are hype then people are going to buy it. Maybe we should wait for cyrpto's next bull run to see how it is going to be. I personally believed that ETH can reach 4 digits again, similar to Bitcoin reaching another all time high in the future.

[Twinkledoe]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

You can't really compare investors mentality back in 2017, there are a lot of irrational buyers, jumping on the bandwagon and believing that crypto, including ETH will go on parabolic rise, reaching 4 digits and more. However, it is not the case though.

Regarding if we are going to hit it again because of DeFi projects, it could be, no one really knows, as long as there are hype then people are going to buy it. Maybe we should wait for cyrpto's next bull run to see how it is going to be. I personally believed that ETH can reach 4 digits again, similar to Bitcoin reaching another all time high in the future.

I agree about the mindset of investors back then and the current ones. Most of them now understand about investing in cryptocurrencies. They are now smarter and educated about the risks involved and are not falling with cheap marketing strategies. This is the reason why ICOs/IEOs are not selling like hotcakes anymore. But if you talk about the capability of eth, I also believe on this platform. So yes, everything is possible but we need to start at a lower range.

[hulla]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

Defi seems to be the new strategy used by new projects but i don't see any reason why Defi will be the only reason why Ethereum will reach 4 digit value which it once reached during its last ATH. Besides, i also believe Defi may also affect the price of Ethereum negatively except if the Defi will be given in another altcoin (Stable coin) cause there is a chance of having excess supply than demand.

[bgaf]

I have interest in DeFi projects and it's already creating huge hype in crypto space of lately but be warned, this might just be another crypto ICO bubble all over again, i prefer focusing on Eth 2.0 for now than DeFi projects

Could be another one but with the effect it being shown to public, hype or not, would you not care to see the market cap growing but this time its not about a silly ICO hype but a real working product using eth network fueling its services on the go. I am not a doe hard fan of defi but I see up closw how these work and I can tell that many are interested and some are really enjoying it. How about bitcoin? Is there anything we can used of aside from peer to peer? Defi has a lot of variety you can simply urge people not to trust something they enjoy off.

[lobo13hf]

I have interest in DeFi projects and it's already creating huge hype in crypto space of lately but be warned, this might just be another crypto ICO bubble all over again, i prefer focusing on Eth 2.0 for now than DeFi projects

There will always be a useful defi while at the same time we can sure if there was a defi that will be dead caused by it has no usefulness to the investors. It's like a bubble but we must know that it's not all of business or platforms can run at the same time because the demand must be divided on which what they have called it as trusted defi

[TanakabZX]

Unlikely will happen in the near future because without a bull run triggered by a combination of hype, good economy, and good news in the development, there will be no "mooning." Let's say the DeFi will trigger hype, but people currently still in bad shape because of Covid, therefore they won't buy speculative assets.

You are wrong, people are buying, that's why DeFi projects are mooning leaving out the other coins, investors are more into DeFi projects than anything else right now, the projects don't need bullrun, they are mooning on their own

[masterrex]

Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?

The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018

I have nothing against Ethereum but base on your question if Ethereum was able to leave again with its current 3 figure value, my answer is I don't think so, I believe that Eth price grows further but it will not leave the 3 figure level. those Jan 2018 figure was very difficult to achieve especially in our present situation that the global economy was hit badly due to the COVID19 pandemic.

[joseyphil82]

I can't say if DeFi can get the 1000$ job done for ethereum but DeFi projects are doing so well right now that you don't need any Bitcoin bullrun for skyrocketing to happen, this is not just about Hypes, decentralized Finance just works better and people noticed it's potential

[Blue_oxen]

I have nothing against Ethereum but base on your question if Ethereum was able to leave again with its current 3 figure value, my answer is I don't think so, I believe that Eth price grows further but it will not leave the 3 figure level. those Jan 2018 figure was very difficult to achieve especially in our present situation that the global economy was hit badly due to the COVID19 pandemic.

Same thought! I particularly prefer to use ETH in the market and I'm amazed by the movements of the ETH projects. However, look at the reality, even the upcoming event of ETH (ETH 2.0) and the developments of DeFi can barely help ETH to reach 4 figure value. Anyway, I still choose to invest in ETH since it has the potential to pump in the upcoming months.