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

[seven.71]

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.

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

[Perfect35]

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

There are already classic Def projects trending and the trend will continue at least for the next decade if crypto is still in existence. This is an innovation that has been projected for a long time now, but could not come into thelight of the day, because some developments were still ongoing. Now that some of them now have their techs ready and in good form, with regular updates, their will be substantial growth in the sector.

[ethereumhunter]

I don't think the DeFi project will be a threat to major coins. As a newcomer in the crypto, they follow with the existing major coins, especially ethereum, if that project is based on the ethereum network. But we don't know what will happen in the future as the DeFi project is a new thing in the crypto, and I think that is almost the same as when ethereum has been used for the ICO project. We will see how strong the DeFi project in the future and the DeFi project survive in the crypto, then that project can get their success, but it is not a threat to major coins.

[chip1994]

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?

No, I can't see it. It is clear that the top coins are growing very strongly following the Defi trend. the market is now called season altcoins and the defi trend is more correct. Chainlink, Tezos, Ethereum, BAND, have increased dramatically over the past few days, so we can say that money is flowing from outside into our market. This is a sign of uptrend and we will invest with a great chance of winning. Dont doubt too much, look at the market cap of the total market to recognize that.

[kapalmabur]

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?

No, I can't see it. It is clear that the top coins are growing very strongly following the Defi trend. the market is now called season altcoins and the defi trend is more correct. Chainlink, Tezos, Ethereum, BAND, have increased dramatically over the past few days, so we can say that money is flowing from outside into our market. This is a sign of uptrend and we will invest with a great chance of winning. Dont doubt too much, look at the market cap of the total market to recognize that.

you are right, the trend right now is for the DEFI project, although there are some besides the DEFI project that has gone up because the fundamentals are good, such as other major coins, Ethereum, Ripple, Cardano, Tron, Litecoin also has increased, the Defi project is not a threat, but the positive side

[bitkanu]

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?

How can it be a threat when they are chained in the top coins in the market and besides they are contributing and they have their own set of rules and algo very much apart from other Crypto they just bring something new to the table to strengthen the industry and make it acceptable to other institutions.

I think that when we are seeing some major coins and they have no utility usage and I can try to take how EOS has already failed to become the next ethereum and some NEW defi coins have a better implementation.
Defi can be a threat for any coins for sure even for its chain that being used to build the defi too.

[seven.71]

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

There are already classic Def projects trending and the trend will continue at least for the next decade if crypto is still in existence. This is an innovation that has been projected for a long time now, but could not come into thelight of the day, because some developments were still ongoing. Now that some of them now have their techs ready and in good form, with regular updates, their will be substantial growth in the sector.

only a few will survive and this is the ongoing hype like 2018 with many ICO

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?

How can it be a threat when they are chained in the top coins in the market and besides they are contributing and they have their own set of rules and algo very much apart from other Crypto they just bring something new to the table to strengthen the industry and make it acceptable to other institutions.

I think that when we are seeing some major coins and they have no utility usage and I can try to take how EOS has already failed to become the next ethereum and some NEW defi coins have a better implementation.
Defi can be a threat for any coins for sure even for its chain that being used to build the defi too.

the top coin remains a good choice for longterms despite the recent decline due to Hype DEFI
almost the entire DEFI is made on the etherum protocol while etherum has limitations in making transactions, we can see how the gas costs are very high, one of the bombers, if etherum 2.0 will delay again and a large dump occurs

[shakesbear]

At the moment, I think the defi helps the market grow, new people come, old people break the piggy banks, and all the top cmc are also good.

[Shasha80]

I don't agree that DeFi projects threaten major coins, such as Bitcoin, Ethereum, Litecoin and Ripple. It is true that some major coins
look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.

[grizmoblust]

I don't agree that DeFi projects threaten major coins, such as Bitcoin, Ethereum, Litecoin and Ripple. It is true that some major coins
look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.

Defi is an investment trend that has been of interest to many investors lately and can be seen that old coins of recent years often use this to make their coins rise. Defi can see the importance of Defi and certainly many new projects will appear soon in the future. What you need to do now is do research carefully before deciding to invest because investing in Defi projects is really risky.

[jacafbiz]

Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying

[Untomabur]

Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying

yes I understand what you mean, a lot of old projects can't develop because they don't have new programs like DEFI,
and the prices are still very bad, unlike the old projects that follow development, they have better value

[Ceyflix-Rez]

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?

Top cap coins aren't going down, people are just wishing for something that can never happen, DeFi is taking over but as time goes on only very few DeFi projects like chainlink will remain the same, fake Hypes is presently making unworthy projects looks worthy

[kynaz]

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.

This did not affect the price of the top coin at all, even the top coin increased. When the Defi trend came, it attracted a lot of capital from outside, not capital in the rotating market. This is a good sign showing that the demand for investment is still very large. Our market is coming back very quickly and there may be more altcoins coming to the moon by the end of the year.

The need to invest in Defi projects has been increasing dramatically in the last few weeks and has surprised me a little because almost any project is x10 in a very short period of time. I believe that the rise of Defi will help investors feel more optimistic when choosing to invest because this is a very good time to make a profit. However, you should spend some time researching before deciding to buy as there is always a risk if it's a new project.

[Untomabur]

Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying

Markets are always changing, and if the coin doesn't stand out, investors won't be interested in the project. I feel Defi is making this market come back and very similar to 2017 so I believe this will be your chance to consider investing. Opportunities appear every day and you need to seize opportunities early to make a big profit.

2020 is just the beginning of the market revival, we will see a very drastic increase in Bitcoin and altcoin,
I am sure it will happen at the end of this year or 2021, make sure you have the right assets

[BChydro]

Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying

Shit coins will die eventually and it is not a big surprise, re branding the shit coin will not make any changes, there will be many projects just to pump and dump and you need to identify and avoid those shit pump coins. If you look at the coin market cap the shit coins will change according to their development and new coins that have the potential will take over and what ever it may be make sure to avoid the shit coins.

[cepot9]

For me it doesn't matter, let DeFi be entertainment in times of the gloomy market. DeFi is giving it a new color and I don't think it will take longer, as junk projects will quickly disappear. Enjoy this hype and it will all come back to the major coins

[Bezobraznike]

For me it doesn't matter, let DeFi be entertainment in times of the gloomy market. DeFi is giving it a new color and I don't think it will take longer, as junk projects will quickly disappear. Enjoy this hype and it will all come back to the major coins

   I agree with you Cepot9, for me it doesn't matter as well. I think this around DeFi is just temporary hype, in crypto-market we have
seen these kind of hypes before and it always ends in the same way, many will just disappear, they are made to scam people and time
will tell will we have the same situation again, I am sure we will. Today we saw a drop in DeFi market cap, and I think people should be
prepared for worst when it comes to DeFi-market.

[nicecrypto]

Defi was suppose to bring something different in the crypto space but unfortunately scammers have hijack the trend with bad intentions by creating fake defi project everyday in the market, with the way things are going, I don't see this trend to last long.

[South Park]

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?

During the most recent hype we have seen bitcoin losing dominance over the market while ethereum won some points in that front which in my opinion makes sense, investors are always looking to make money and as such they left bitcoin and went for DeFi coins while they bought some ethereum as they needed it for the fees, however I do not see a massive movement out of those coins, many people in the forum are bitcoin holders and they do not care about any other coin and you are never going to convince them to sell and it seems institutional investors so far are only interested in bitcoin as well which makes it very unlikely the scenario you propose is going to happen.