The Rise of DeFi — A Temporary Threat to Major Coins?

[inanilujimi]

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

[xandriel]

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

That is definitely not. The top altcoins are said to be good long-term investment goals and it still works very well. certainly the money will be more different and inclined towards defi altcoins, the obsolete altcoins will be more likely to be expelled from the market. That's why thousands of coins are removed from the market every year for not catching up with the trend.

In the last few weeks a lot of old coins are starting to add the name Defi to their projects and this is a way to make the value increase very high in a short time. I think this trend is becoming more and more popular so you should also be careful and avoid Fomo because the risk can still happen at any time. I think Defi will be a temporary investment trend and will soon be forgotten by the end of this year.

[cabron]

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

When new hype also comes up, it will first not gonna be accepted by the bitcoin users. We're just too cautious to touch it because almost everything besides the usual projects that we are used to are accepted. 

Defi seems to be an odd project but it actually exists since time, it's just like we not open to new things. Aave and Compound is just a few of it because there are actually more defi projects that we haven't heard of.  Coinmarketcap has its own list that we don't recognize its a defi project. Check this out https://coinmarketcap.com/defi/

[Bezobraznike]

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

Agree, new implementation will always help the whole cryptocurrency market to the next level because we are in technology and once the technology grows automatically the market for the cryptocurrency will increase. It is a path to the further level of success of new technology.

   Miningguru I agree with you, we can expect next levels and market capitalization of crypto-currencies will increas. But I think
that Bitcoin will remain dominant on the crypto-market for many years. I don't see this rise of DeFi as any threat, it's good that
DeFi is getting more popular and that affect the price. I see crypto-market as whole and it's good when any coin make progress.

[MonsterV]

firstly stake token that very hype on thier time then masternode coin that hype in 2018-2019 before its turn off to scam project and then deflanation base token that born many scammer to, and now DeFi is very hype on this year especially, i hope this new project concept that hype on this year wont bring more scam project to take advantage of this hype. btw almost all new project that announce on token board are based on DeFi concept, its really something.

[kynaz]

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

Agree, new implementation will always help the whole cryptocurrency market to the next level because we are in technology and once the technology grows automatically the market for the cryptocurrency will increase. It is a path to the further level of success of new technology.

   Miningguru I agree with you, we can expect next levels and market capitalization of crypto-currencies will increas. But I think
that Bitcoin will remain dominant on the crypto-market for many years. I don't see this rise of DeFi as any threat, it's good that
DeFi is getting more popular and that affect the price. I see crypto-market as whole and it's good when any coin make progress.

This is the time when people mention Defi projects and this investment trend will surely bring a big profit to investors if you have a reasonable investment strategy. In addition, some potential coins are starting to add Defi to their projects making it very easy to raise prices. However, you should be careful because you are not always lucky to make good profits from Defi projects.

[makishart]

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

Agree, new implementation will always help the whole cryptocurrency market to the next level because we are in technology and once the technology grows automatically the market for the cryptocurrency will increase. It is a path to the further level of success of new technology.

The growth of technology should be matched with the idea to give the best solution to the problem that is not yet fixed, BTW there are so many similar platform these days.
It looks like DEFI is just another bubble too. You can see how it was having the same trend like ICO.

[my dream2021]

firstly stake token that very hype on thier time then masternode coin that hype in 2018-2019 before its turn off to scam project and then deflanation base token that born many scammer to, and now DeFi is very hype on this year especially, i hope this new project concept that hype on this year wont bring more scam project to take advantage of this hype. btw almost all new project that announce on token board are based on DeFi concept, its really something.

Yeah I remember that Hype stake/masternode coin when cryptopia still running they service. I think if most of all project Defi truly legitimate it can be something for major coins, as we know that some Defi not have own platform but use another blockchain so indirectly people need buy some major coins to process they transactions (dependency), also I hear that some Defi have own blockchain but now they still running some testnet maybe on 2021 we'll see about it.

[monineklutak]

Defi being the fomo for now, big coins like Ripple and Ethereum are still losing right now,
but the rise of Ethereum makes the major coins also rise, very interesting

[Cnut237]

DeFi now does seem similar to the ICO craziness of 2017, and it's once again ETH that is the coin that sits behind it all, and is once again increasing rapidly. It will be interesting to see how this plays out, as everyone now has 2017 to look back on. Will DeFi become a bubble? Is the ETH 2.0 upgrade a factor to consider, and which might help ETH to maintain a high price without falling back again? Let's see what happens in the next couple of weeks. ETH is at +25% and near $300 for the last 7 days. 2 more weeks at that rate will see ETH at around $470... which could really kickstart some FOMO. We may not have long to wait.

[carlfebz2]

Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

Massive surge of interest? Where the heck you do get this thing?

We know that DeFi projects do exist but it did really get that much attention for you to tell that Bitcoin would gonna plunge? We shouldnt really have that kind of dream. 

If these DeFi projects would able to do so then they would surely need to pass first the test of time.

[Vitalicus]

DeFi now does seem similar to the ICO craziness of 2017, and it's once again ETH that is the coin that sits behind it all, and is once again increasing rapidly. It will be interesting to see how this plays out, as everyone now has 2017 to look back on. Will DeFi become a bubble? Is the ETH 2.0 upgrade a factor to consider, and which might help ETH to maintain a high price without falling back again? Let's see what happens in the next couple of weeks. ETH is at +25% and near $300 for the last 7 days. 2 more weeks at that rate will see ETH at around $470... which could really kickstart some FOMO. We may not have long to wait.

Defi projects may be very similar to ICO but this is definitely a more upgraded version and it seems people are excited about projects like this. I appreciate what is going on these days and this is an opportunity for you to seek profit because this month alone there have been so many Defi projects with very high profits. This will cause ETH price to rise again and the market will soon enter altcoin season.

[Febo]

Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

Coins, securities, utility tokens, stable coins, ..... all have different use case. Yes some of them dont have any use case, but that I will not talk about it now. There is no competition between a stable coin and some security. None.

[durilup]

From 500 mil us dollars total value locked it went up to 4.42 billion so I think the way they are making profit it is only through fees

[ecnalubma]

I believe that all surviving coins really had purposes, though Defi us now the new hype we can’t be sure that all Defi projects are the real deal so better not too over confident about it. Bitcoin had stand the test of time, I believe it will remain on top for another decade or two.

[BChydro]

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

I am in the cryptocurrency market for a very long time and one thing you can notice is that the trends in this space keeps on changing, in the beginning it was bitcoin and then there was a flow of fun coins and the rest of the coins started to come including privacy coins and then came ETH and the sudden flow of ICO market and then there was a slight change with IEO and now the DeFi trend. The trends keep on coming and anyone who is intelligent have the opportunity to make money.

[cassavachips]

That possibility is true but there is little leverage if the major altcoins lose interest. DeFi seems to emerge at the right time when the market is good and interest is on the rise. There are indeed several altcoins that have been affected but also many other altcoins or projects that have had a positive impact from this trend

[semobo]

DeFi projects are getting interest to make profits in short term so people will chashout once the tokens are listed on exchanges and they will buy bitcoin or other top cryptos to keep their profits alive.And also I don't see any dump on the prices of cryptos only the prices were surged due to the market bloom that is also the main reason for defi project gets more hype.

[Fakhrulenclix]

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

If you remember when ICO became hype, so many people invest on it, still couldn't make the downward move, especially bitcoin. Bitcoin is always dominant in the market even though if out there are a lot of new technology, like Defi. Let's see about 6 months later, can it still be a trend in crypto space??

[Denongels]

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

If you remember when ICO became hype, so many people invest on it, still couldn't make the downward move, especially bitcoin. Bitcoin is always dominant in the market even though if out there are a lot of new technology, like Defi. Let's see about 6 months later, can it still be a trend in crypto space??

This is just my opinion, but I think there is a big chance DeFi trend will last because there are many who hope that this sector can make changes to the crypto market by dominating more than 30%, and yes every month there is a new DeFi project that looks good and contributes considerably in improving trade volume.