DeFi Craze: Could ETH be seen positive reaction in coming days?

[shata]

We always heard about this Defi thing, and many believed the market has been overly hype, while some believed that it really did worked. To proved that DeFi right now is trending, take a simple search and type #DeFi.

Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.

This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.

Well, what do you think, fellow traders?

[1714732518]

1714732518

[Ryushin]

It's spreading already, DeFi projects are trying other blockchain as well not just ERC20 but presently major DeFi projects are on ERC20, believe me Ethereum won't see any pump because of DeFi projects, leave that to Bitcoin, BTC is the only reason why ethereum may or may not pump

[minairia3]

We cant deny that defi has clearly exploding over the crypto space and everybody gone excited with all whats happening on this business. Take note that it just started almost this year and now we can see how progressive it is and one of the highest growth in the blockchain business. Ethereum is the one ripping of the glory for this, and now that they are closing near their migration to PoS, I can see more development on this top 2 cmc coin. Good thing I bagged some eth just in any case it skyrocket when this happen.

[tabas]

Its name is becoming noisier this time. I wouldn't be surprised if it will cause a surge for Ethereum or any altcoin that's giving a contribution to it.
But I don't want to cut your hopes, don't be too hopeful with it, and always remember that there's hype on it.

[acdc]

ETH is hard to rise in the near future, ETH's reputation is being affected by bad ICO and IEO projects. I think that the price of ETh is very difficult to increase until the time when version 2.0 is released.

[xZork]

Perhaps this is a new hype like ICO and IEO.
IEO and ICOs have been welcomed by many people in the past and are expected by many people, but the majority of IEO and ICOs are disappointing, I think this time will be no exception.
Don't be too hopeful about Eth price rise in the near future.

[Refrumatrix]

Be less hopeful on this one people, DeFi looks interesting at the moment but still looks like the same old for HYPE sake to me, another form of ICO I'm disguise, just know where you will invest your money, no one knows how this DeFi will be in future, I don't believe it's capable of driving ethereum value up but it's all about waiting.

[Waccamaw]

You do not need much ETH to invest in DeFi Craze, enough to send the coins and pay Gas.
If 10 million people invest in DeFi Craze, the demand will increase by $ 200 million if each person invests $ 2 in fees.
ETH market capacity is large, $ 2000 million will not move the price, let alone 20.
DeFi Craze same as ICO Craze will end will cry

[electronicash]

You do not need much ETH to invest in DeFi Craze, enough to send the coins and pay Gas.
If 10 million people invest in DeFi Craze, the demand will increase by $ 200 million if each person invests $ 2 in fees.
ETH market capacity is large, $ 2000 million will not move the price, let alone 20.
DeFi Craze same as ICO Craze will end will cry

could be. it started with synthetix. sooner traders might stop trading on binance but stays to these defis.

[Yaunfitda]

It there will be something positive on ETH it will be there new release. I doubt that Defi will bring new money to ETH itself, we have seen increased in number of ETH addresses because of Defi but it doesn't bring any positive effect to the price of ETH right? So for me, NO, and this Defi craze or hype will die down in the next six months. What ETH needs is to have their 2.0 go live and then wait for more investors to join and be on-board specially with their staking and being a validator.

[MCDev]

I don't think that DeFi will help ETH respond positively in the coming days, people are too fed up with the hype and they are not as easy to believe as in 2017.
If DeFi is really good and helps ETH have a positive response I guess it needs a long time.

[acdc]

You do not need much ETH to invest in DeFi Craze, enough to send the coins and pay Gas.
If 10 million people invest in DeFi Craze, the demand will increase by $ 200 million if each person invests $ 2 in fees.
ETH market capacity is large, $ 2000 million will not move the price, let alone 20.
DeFi Craze same as ICO Craze will end will cry

Yes, so far ETH has only played a role of paying deposits in ICOs or IEOs on the ETH platform. People only need a small amount of ETH to be able to participate in DeFi, so DeFi's success will not greatly affect ETH.

[bttmember]

We always heard about this Defi thing, and many believed the market has been overly hype, while some believed that it really did worked. To proved that DeFi right now is trending, take a simple search and type #DeFi.

Moreover, ethereum coin is considered to be the main coin in which you could join this defi craze. Cause they are ERC-20 based coins.

This thing will give us the idea that with this DeFi dominance, ETH should be seen quite significant price increased. However, as of this time of writing, it only resembles the price of BTC as per price action (correlated price to BTC). I was thinking that with this increased of DeFi trend, Eth will react in behalf.

Well, what do you think, fellow traders?

Very possible that Eth will surge because of the defi stimulus. Let me just explain this to you in simple words. As defi trend is growing more and more everyday and more and more eth is getting locked up as a result the supply of eth in the market will reduce this reduction in supply will cause scarcity in the market and as a result the price will grow i expect Eth to be back over 1k in few more months.

[shata]

You do not need much ETH to invest in DeFi Craze, enough to send the coins and pay Gas.
If 10 million people invest in DeFi Craze, the demand will increase by $ 200 million if each person invests $ 2 in fees.
ETH market capacity is large, $ 2000 million will not move the price, let alone 20.
DeFi Craze same as ICO Craze will end will cry

ICO and IEO haven`t been told unsuccessful for reasons that most of the ERC-20 based projects ends up losing. Well most of them, however, even this DeFi hadn`t have based on ERC-20? But still soaring its market cap by over a billion (e.g compound alone gets ~$1.86 billion). Comparing with ICO last 2018-2019 to DeFi craze right now is not valid argument to conclude. ICO has different aspect or set-up though same thing that it raised billions of amounts. And as to ETH price, chart always speaks the truth.

Very possible that Eth will surge because of the defi stimulus. Let me just explain this to you in simple words. As defi trend is growing more and more everyday and more and more eth is getting locked up as a result the supply of eth in the market will reduce this reduction in supply will cause scarcity in the market and as a result the price will grow i expect Eth to be back over 1k in few more months.

Its a rhetorical question  , though I like your enthusiasm about the possibility of price surged and this locking up of ETH due to Decentralized Finance. Indeed, it could be stimulus; but, locking of ETH for lending, borrowing, earning interest, staking, and etc., may not mean "stagnant" locking of ETH supply in the circulation LINK. ETH 2.0 will supply the demand if Vitalik Buterin will announce the fix date of its released. Transition from ETH to ETH 2.0 is the market`s possible stimulus right now. And as long as it didn`t happen, many people would find ways to earn passive income, and the best way right now is to go #DeFi.

[dragon695]

Very possible that Eth will surge because of the defi stimulus. Let me just explain this to you in simple words. As defi trend is growing more and more everyday and more and more eth is getting locked up as a result the supply of eth in the market will reduce this reduction in supply will cause scarcity in the market and as a result the price will grow i expect Eth to be back over 1k in few more months.

Same thought! I think when the DeFi projects start to appear in the market, ETH will rise along the way! Moreover, the upcoming event of launching ETH 2.0 can bring a positive sign to the market. I'm expecting ETH to get a higher price than now. However, it's too positive to say that it will gain to 4 digits value ($1k). It's too soon to predict, let's see!

[Tipstar]

Defi are of course getting popular but with more defi in action, ethereum network is getting more congested with slower transactions and larger fees. If ethereum is not able to bring someways to drastically ease the congestion, they'll lose a large portion of Defi party. The current situation of Ethereum network is forcing users to move towards EOS and Tron for their Defi. We can see the change in proportion visiting any defi comparing sites.

[Novatech8]

IEO works better than ICO and I guess same thing will happen to DeFi, with time all hype will fade away, carefully choose which DeFi project you will invest money on and make sure you invest only what you can afford to lose, remember, most crypto projects are just overhyped

[DDante]

If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins

[michellee]

If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins

It still hard to beat bitcoin, but that doesn't mean it is impossible. Maybe we still need to wait because all of the projects are waiting for bitcoin price moves, and if somehow, bitcoin price is not move higher like a few weeks ago, the project will not rise too higher. Or the next scenario, bitcoin will still like this, and it is a good chance for the project to lift its price and invite more investors to their project.

[jessyj48]

If DeFi can beat Bitcoin marketcap combine then maybe, just maybe, ethereum can actually surge or pump in value because of DeFi projects, for now I don't see that happening, I think things can take a good turn for ethereum only if Bitcoin bullrun begins

It still hard to beat bitcoin, but that doesn't mean it is impossible. Maybe we still need to wait because all of the projects are waiting for bitcoin price moves, and if somehow, bitcoin price is not move higher like a few weeks ago, the project will not rise too higher. Or the next scenario, bitcoin will still like this, and it is a good chance for the project to lift its price and invite more investors to their project.

All other coins are relying on Bitcoin not because Bitcoin is better but because Bitcoin has the highest marketcap, volume and liquidity, if another coin took over then other coins will relent on the new crypto king, to say the truth it won't be easy for a new project to beat Bitcoin, not impossible but won't be easy