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

[Google+]

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.

I think the rise in ethereum prices when there is a DeFi project will only be like FOMO because real ethereum will only be affected by its new project called ethereum 2.0 and accordingly, so if you can see this momentum then you can buy as much ethereum as you can and get profit from ethereum as much as possible.

[abeecrypto]

As the current ‘bull’ run is concerned, it looks like one that can be attributed to the decentralized financing (DeFi). The price hitting four figures doesn’t have to depend on Defi. It’s all about more use - cases. If more projects with great and laudable potentials keep popping up, there will be a lot more demand for Eth. Thus. booming up of price. At this rate of DeFi, we will certainly see Etherium progressing more.

[DoubleEdgeEX]

As long as DeFi behaves like a total pump-and-dump scheme it will be difficult to spot the right projects, which eventually have a positive impact on ETH as well. Check out that BS about DeFi projects, https://cryptoslate.com/second-yearn-finance-yfi-copycat-enters-death-spiral-plunges-99-in-two-days/  It won´t be the last....

[dragon695]

As the current ‘bull’ run is concerned, it looks like one that can be attributed to the decentralized financing (DeFi). The price hitting four figures doesn’t have to depend on Defi. It’s all about more use - cases. If more projects with great and laudable potentials keep popping up, there will be a lot more demand for Eth. Thus. booming up of price. At this rate of DeFi, we will certainly see Etherium progressing more.

That's true! The price of ETH is increasing right now and it doesn't necessarily depend on DeFi hype! The price pumps of ETH right now all depends on itself. The upcoming event of launching ETH 2.0 has brought a lot of attraction and reputation. Almost everyone is talking about this event and they are buying ETH to hold. Obviously, the demand of people to buy ETH is increasing dramatically and I believe that it completely has the ability to reach 4 figure value next year!

[Bitbtc8]

If DeFi projects keeps their success alive and more new DeFi projects become successful too then Ethereum will surely reach it's old ATH, investors only need to be careful with new DeFi projects from scammers, make sure the project is real

[Samayuki]

DeFi projects are doing well lately and another thing to look up for is the staking feature that will be implemented into the next ethereum 2.0 upgrade, that will help eth price in future too, it's really possible that DeFi will push ethereum to 4 figures no doubt

[amrulshare]

DeFi is one thing that aims to influence those who hear or see it in the scope of crypto by being able to pump the value of bitcoin. but, believe this trend will not last as long as what happened at the end of 2017.

[Vishnu.Reang]

Fair price of Ethereum (based on the usage and acceptability) is around $300 per coin (which is very close to the current levels). The exchange rates for Ethereum may go up much higher than this level, as a result of speculation. But even if that happens (such as the 2017 spike, which resulted from the ICO hype), I don't think that Ethereum will be able to maintain those high prices.

[Kotone]

If DeFi projects keeps their success alive and more new DeFi projects become successful too then Ethereum will surely reach it's old ATH, investors only need to be careful with new DeFi projects from scammers, make sure the project is real

I do hope that would happened in the future but dont let your guard down. What happened last time on ICO hypes is really a mess and we are not sure if defi ecosystem would be stabilized their demand on the eth network. With new eth goals as transferring to PoS maybe we could see another set up here. I do wish that eth price would increase based on this reason and not only due to defi hypes.

[JHORN]

Its not impossible, this year so far DeFi projects have added over 8 billion dollars into crypto market, this is a new wave of something new and comparable to ICO success, I feel things are just getting started and with time ethereum will be where it's supposed to be since 2017

[leea-1334]

Its not impossible, this year so far DeFi projects have added over 8 billion dollars into crypto market, this is a new wave of something new and comparable to ICO success, I feel things are just getting started and with time ethereum will be where it's supposed to be since 2017

Agreed. Not impossible but I am sticking with my feelings that Defi is a big bubble and they will go really big but it cannot be sustainable so it will go very high but I am not sure all the way to 1000, and if it does,,, you bet we will see a massive sell off and profit taking.

[Apostlekin$$$]

Its not impossible, this year so far DeFi projects have added over 8 billion dollars into crypto market, this is a new wave of something new and comparable to ICO success, I feel things are just getting started and with time ethereum will be where it's supposed to be since 2017

Agreed. Not impossible but I am sticking with my feelings that Defi is a big bubble and they will go really big but it cannot be sustainable so it will go very high but I am not sure all the way to 1000, and if it does,,, you bet we will see a massive sell off and profit taking.

What goes up must come down, isn't it? DeFi will surely leave a big foot print in crypto space just like ICO did but this type of opportunity comes once in a while, it's been 3-4 years that we've seen good market price in crypto space last, DeFi may not stay around for long but bringing changes is what matters

[rodskee]

Its not impossible, this year so far DeFi projects have added over 8 billion dollars into crypto market, this is a new wave of something new and comparable to ICO success, I feel things are just getting started and with time ethereum will be where it's supposed to be since 2017

A big possibilities as it is, DeFi is bringing new money to this market and so far we are
seeing the effects of this project to ETH value.
Currently it's a good pumped @ $392 still  gaining supports and if this continuously move
upwards it's interesting.
It's been quite long after ETH rise and the chance that it will go higher is really anticipated
by many investors.
Reaching 4figure might be an interesting catch to those who invested their money especially
those who invest with DeFi projects.

[Gunday_07]

Please stop comparing DeFi with ICO, DeFi isn't a crowdfunding strategy like ICO or IEO, DeFi is a working utility that sees new demands from investors, I expect DeFi to be successful for a very long time to come just because of its utility

[zasad@]

On the one hand, the popularity of DEFI projects will push the price up, and on the other hand, many experts say that the rise in the price of ether is due to speculation.

https://trends.google.com/trends/explore?q=Ethereum%202.0&geo=US
The number of requests "Ethereum 2.0" is now breaking records in Google

Tron and EOS are the main competitors, TON is closed. In the coming year, there should be a lot of positive news about ETH and this should contribute to the price growth.

[cheezcarls]

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

Even though that Ethereum is on a bullish move, I wouldn’t count on DeFi in being the big reason of ETH gaining back it’s 4-figure value. I know that there are some who have moved their BTC to ETH due to the rise of DeFi. I also know that DeFi is the nex big thing in the cryptocurrency and blockchain space.

However, the market condition is so unpredictable. There would be various circumstances later on after the bullish move. Remember Ethereum smart contract scams like Forsage, Voomo.io, MMM, OpenAlexa.io, etc.? It encourages people to buy Ethereum to lock positions in the matrix. It may contribute to the rise of ETH’s price, but may also led to a possible downfall when scammers are going to dump it if the right opportunity comes. At the same time, gas fees are ridiculously high as well.

I would love seeing Ethereum back to 4-figures, but it would take a long while for it to happen and I may not count it on DeFi as the main reason (same thing with smart contract scams). Just my two sats.

[wywoc]

I think over 500$ is the reasonable price for ETH in this year. To reach a price above $ 1,000 as early as 2018 is very difficult now that there is no trend to increase the price of ETH like ICOs at that time. DeFi is just a recent emerging trend, but I feel like it has not attracted new inflow to enter the market yet.

[Vishnu.Reang]

On the one hand, the popularity of DEFI projects will push the price up, and on the other hand, many experts say that the rise in the price of ether is due to speculation.

https://trends.google.com/trends/explore?q=Ethereum%202.0&geo=US
The number of requests "Ethereum 2.0" is now breaking records in Google

Tron and EOS are the main competitors, TON is closed. In the coming year, there should be a lot of positive news about ETH and this should contribute to the price growth.

I would say that DeFi is having only a small role in the current spike in exchange rates of Ethereum. First of all, the prices of all the altcoins (including that of Ethereum) closely depends on the price of Bitcoin. BTC prices have increased by 20%-25% during the past few days and this is the primary reason why the exchange rates of the other coins went up.

[RabbiTANK]

I think over 500$ is the reasonable price for ETH in this year. To reach a price above $ 1,000 as early as 2018 is very difficult now that there is no trend to increase the price of ETH like ICOs at that time. DeFi is just a recent emerging trend, but I feel like it has not attracted new inflow to enter the market yet.

You are wrong, what about ETH 2.0 that will introduce staking ? This year staking coins are surging in value, Ethereum has more than one chance to reach four figures before the year runs out unless the ETH 2.0 failed to get launched this year

[shakesbear]

It seems that defi have a positive impact not only on Ethereum but also on the entire crypto market, the capitalization of defi projects is already more than 4 billion, if this goes on, I think ETH will raise ATH.