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

[alicea]

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

IMO for ETH to go to a 4 digit value it will need a lot of help from bitcoin. Without the price moment on bitcoin ie btc going 15000+ I don't think 4 figure will be possible even with 2.0 coming but for 2.0 I have set my target as 400

[VDraci]

DeFi can only make ethereum more popular, I don't think it's capable to drive ethereum up to a thousand dollar, I'm much more interested in ethereum 2.0 and it's staking feature than DeFi right now but we will see what happens later

[residivis]

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

I think this DeFi project still needs enthusiasts for the moment, because seen from many investors who choose etherium for investment now. and more we need to observe even better than the development of each DeFi project.

[shoreno]

eth value is 228.42 as of now  , i checked it  . its 5 digit already lol  joke but seriously its only 3 digit because people only write or  see the first column  .  did eth already reached 4 digits before   ?  on what year / month did that happen    .

 what i only remeber is ath were over 200 usd before but i dont see it pass 4 digits  .  maybe this time i can witness that happen   , thanks to this defi if this is the reason why eth gets more demand righ now   .

[Greatchu]

No I don't think so, I believe that 1000$ per ethereum will only be possible if Bitcoin start skyrocketing, this is not something that DeFi projects that make possible, DeFi projects might bring in many new investors though, that's one reason why I'm excited about DeFi projects

[Chuky92]

Defi and Ethereum? I believe this will happen if the Defi project is being based on Ethereum blockchain, but what if it isn't? Or rather what if not all Defi projects utilizes Ethereum blockchain but other blockchains too? That means much won't be gotten. What I think is, Defi hype will of course help Ethereum or whichever blockchain but that doesn't mean the hype associated with Defi will cause the massive growth we are thinking will happen to Ethereum because there are other factors to put in place as well, such as the relevance of Bitcoin.

[zasad@]

You compare 2 things: DEFI and the ETH course.
It is not right. I have seen reviews of various projects with high transaction speeds, but high speed is achieved due to the centralization of the system. Nodes - verifiers are located in data centers and belong to the developers.

ETH offers us a completely new technology.
If phase 2 starts, we will see rapid growth in the course and the entire ecosystem.

[Kunnu]

DeFi concept is new in crypto space so we will have to wait for its results but it's my estimate that there are higher chances of its success because in crypto mostly people like decentralization which is absolutely a positive sign for DeFi projects but I also think that If DeFi concept got successful so it won't enough to reach the price of ETH in four figures.

[Byakuga]

It will sound more reasonable if DeFi projects rely on ethereum price to keep up, ETH will never depends on DeFi success to become successful itself, I know DeFi projects are pumping on their own but only Bitcoin can make altcoins surge, as big as ethereum is it still depends on Bitcoin

[OasisDre]

If all you are expecting is DeFi to make Ethereum reach 1000$ you are only dreaming, only Bitcoin can get this done, all you should hope for is more crypto adoption, I heard more whales are accumulating bitcoin, maybe this will bring another huge bullrun for bitcoin in near future

[Winscosinally]

DeFi can actually do few things to crypto space

1. DeFi can bring more people and more money into crypto that's why some are comparing DeFi hype to ICO of 2017

2. DeFi popularity can make many whales go for Ethereum, if this happens why won't ethereum benefits itself? I can't say about the 1000$ prediction but value won't be the same

[Kelvinid]

I don't think how Defi could help the situation and can help to uplift ETH price. The market still relying upon Bitcoin's market demand and that Defi will obviously have nothing to give but just a name and popularization. We need market support, not the DeFi itself.

https://medium.com/@philippsandner/decentralized-finance-defi-what-do-you-need-to-know-9cd5e8c2a48

This could just a hyping tool for crypto and that it drags people to come and invest crypto for thinking big returns on it but that simply it never works like that. If we saw the inclining market sentiment for ETH, it doesn't mean that DeFi had made but because people are investing now.

[JeotQ]

I don't think how Defi could help the situation and can help to uplift ETH price. The market still relying upon Bitcoin's market demand and that Defi will obviously have nothing to give but just a name and popularization. We need market support, not the DeFi itself.

https://medium.com/@philippsandner/decentralized-finance-defi-what-do-you-need-to-know-9cd5e8c2a48

This could just a hyping tool for crypto and that it drags people to come and invest crypto for thinking big returns on it but that simply it never works like that.

Hyping tool? I hope you are right, I advice you should look into it yourself, decentralized Finance isn't bad and it's not new like many said but investors are just trying to realize it's true potential, do your own research on this one

[bangdol]

If all you are expecting is DeFi to make Ethereum reach 1000$ you are only dreaming, only Bitcoin can get this done, all you should hope for is more crypto adoption, I heard more whales are accumulating bitcoin, maybe this will bring another huge bullrun for bitcoin in near future

the slightest possibility and the slightest development carried out in our market must support it. no need to expect too much. ethereum conditions until now have been good enough to survive even though price improvements did not occur so well. compared to bitcoin I think recovery done by bitcoin is better. and some altcoin also ethereum still doesn't move.

[iv4n]

There is some poll on Twitter with the same question, and there were 4 options. I voted for option "It will help" and when I saw results after there was 50% for "It will help" and 50% for "I have no idea". It's reality, many people don't even know what DeFi is, and it needs a lot more years for people to learn about decentralized finance.
This topic is the same as this poll on Twitter, half-half, some knows about it and think it's the future economy, other half doesn't have an idea what DeFi really is.

[Furryball]

It's all on Bitcoin if ethereum will ever hit 1000$ again, this is not something that DeFi projects can do no matter how big they grow, unless a DeFi project beats Bitcoin with highest marketcap which is impossible presently

[zasad@]

I remember how Vitalik said that he sold his ETH coins, and then the market rate began to grow

https://twitter.com/VitalikButerin/status/1278337657194655744
If you can make money fast, then why invent something?

Vitalik thinks differently.

[jhonjhon]

DeFi has something to give and contributed in crypto growth but we can't rely on it that it pushes ETH to its 4digit, nothing to see that.
We are looking for ETH2.0 to launch within this year as this probably could trigger for its market incline.
https://www.cryptocointrade.com/fundamental-analysis/ethereum-2-0-roadmap-price-predictions/

I don't say we are too hopeless to think about DeFi and how it works but the thing is that people are investing crypto for they saw that ETH has the potential, not the Decentralize Finance attracted to them. Because even though we don't have this, investors will keep investing ETH.

[shinratensei_]

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 are right and this is the reason why many people go to ETH because they already have a market and have investment potential and the price goes up.

It can't be a good indicator to determine how far ethereum will go with the DeFi that built on ethereum platform, we must understand about how much the active address from those new address. There will always be a chance for some address to be used as temporary address only.

[cryyppton1]

 Although DeFi is full of hype but i will agree with you that it might contribute to Eth price increase . A lot of people have invested in Defi projects and most if not all of them are Eth based . Eth gas fee is currently very high  may be due to Ethereum blockchain congestion . I hope Eth moon more at least back to its ATH.