DEfi Hype Trends! This is not something you expect, go before you get stuck FOMO

[Dabounty]

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

[DoubleEdgeEX]

That FOMO is a true pain in the butt. YAM just died and they already try to push the next DeFi coin :-/   https://cryptoslate.com/forget-yam-ethereum-defis-hottest-new-craze-is-based-literally/

[landoffaucets]

Today I sent ERC-20 tokens to an exchange and the transaction cost me $9, are you kidding me? This huge hype around all DeFis caused such high transaction fees? Guys, how long this could work? Don´t be greedy. 

[zasad@]

The markets are going crazy.
Poloniex.com had a DOT coin crazy.
The community decided to denominate the coin and reduce its value 100 times, and traders traded the coin for $ 100-300, the price of which will be reduced 100 times on August 21  
https://medium.com/polkadot-network/the-results-are-in-8f6b1ca2a4e6

now trading is stopped

https://defipulse.com/
Total Value Locked (USD) $5.24B too the moon

[coin-investor]

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

People investing in any new DeFi based projects be sure that you already invested on some of the most stable DeFi in the market, there are a lot of new DeFi now if you invested on stable Defi, you know what to look and expect on these new DeFi that are coming up educate yourself if they are real DeFi and with a good team behind.

[jrrsparkles]

Lot of people really stuck in the defi FOMO for sure that is why we are seeing huge of them in very short time.Many projects were created in days and listing in the shit exchanges but still able to make really good profits.The hype will get over in real soon so long term investors stay away from these fake new projects.

[Princejebs]

If you check thoroughly, there are some projects that are actually DEFI in structure but this pumps is just crazy. The name is making some investors do some crazy shit that aren't supposed to be. We are in bull cycle, when btc start some crazy correction, many will bleed the hell out. Yam did within 24hours and fall to almost zero. This is bad for everyone as some of this project smart contract aren't properly audited.

[ameliana]

If you check thoroughly, there are some projects that are actually DEFI in structure but this pumps is just crazy. The name is making some investors do some crazy shit that aren't supposed to be. We are in bull cycle, when btc start some crazy correction, many will bleed the hell out. Yam did within 24hours and fall to almost zero. This is bad for everyone as some of this project smart contract aren't properly audited.

If I'm not mistaken the YAM project is dead, it can no longer be traded on their Exchange after experiencing an insane price increase at that time. this is what I'm worried about. Especially now that old projects have sprung up again and are abusing DEFi as a new tool for money laundering. I'm afraid that if this continues, investors could lose a lot of money.

[nicecrypto]

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

Yeah I have seen it too, suddenly the project is now defi, wtf, are they going to change all the plan of the projet to suit that of the new defi? I think any project suddenly switching from original concept to claim they are defi should place under serious observation.

[Annamike]

If you check thoroughly, there are some projects that are actually DEFI in structure but this pumps is just crazy. The name is making some investors do some crazy shit that aren't supposed to be. We are in bull cycle, when btc start some crazy correction, many will bleed the hell out. Yam did within 24hours and fall to almost zero. This is bad for everyone as some of this project smart contract aren't properly audited.

If I'm not mistaken the YAM project is dead, it can no longer be traded on their Exchange after experiencing an insane price increase at that time. this is what I'm worried about. Especially now that old projects have sprung up again and are abusing DEFi as a new tool for money laundering. I'm afraid that if this continues, investors could lose a lot of money.

The FOMO for DeFi projects is on the high side and people are falling prey to it, have someone that already lost thousands of dollars on YAM and the worst of it is that he isn't giving up, he is hoping that he will see another that will help him recover, WTF wake up guys, DeFi is a trap

[DarkDays]

I don't think many projects that change their focus to DeFi actually end up gaining much traction.

Not too many people are stupid enough to invest in a dead horse with a new name. I mean, I don't know anybody that stupid.

I'd personally stick to the tried and tested DeFi projects for stability, such as Aave and Compound.

There's a few good up and comers like Chromia, Orion Protocol, Meridian Network (LOCK) etc, which actually have good uses cases and/or tokenomics.

NEVER BUY REBRANDED OR REHASHED COINS UNLESS YOU PLAN TO FLIP THEM QUICK.

[jossiel]

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

We're on the phase 2 of hype for projects. Before we had icos and now we had the defis. See, the hype comes when the price rises and people's interest are the same.

And that is to get in while the place is on hype and people are putting pressure to the market because of the price pumps. We had significant market cap increase and it's going to be another blow for defi investors, they had to be careful. While us, the bitcoin holders and investors, will just sit and watch how they'll go.

[shollyen]

Today I sent ERC-20 tokens to an exchange and the transaction cost me $9, are you kidding me? This huge hype around all DeFis caused such high transaction fees? Guys, how long this could work? Don´t be greedy. 

I do not think Defi is the player who is causing the increased gas fee, rather there are some other people that are manipulating the gas price so that I can benefit the miners before the ethereum 2.0 is launched. Although this is a mystery and that most surprising thing is that, the fee just keeps increasing. If anyone tries sending tokens, then such will know for sure that he is into something else.3

[bayu7adi]

I haven't opened this forum for 7 months, and it's true that for now I see the words "DEFI" in many threads. This indeed seems to be used by most developers as a popular marketing strategy today. And I really believe, this hype will definitely end like the popularity of "Dapps" last year
Immediately leave "DeFi" and get moving before you get stuck in the fomo.

[CaVO32]

I don't think many projects that change their focus to DeFi actually end up gaining much traction.

Not too many people are stupid enough to invest in a dead horse with a new name. I mean, I don't know anybody that stupid.

I'd personally stick to the tried and tested DeFi projects for stability, such as Aave and Compound.

There's a few good up and comers like Chromia, Orion Protocol, Meridian Network (LOCK) etc, which actually have good uses cases and/or tokenomics.

NEVER BUY REBRANDED OR REHASHED COINS UNLESS YOU PLAN TO FLIP THEM QUICK.

But there are really naive users that will buy those new DeFi projects without thinking so much. I guess a lot of people will regret later on by shelling out their money for these projects. Take for example the YAM project, they thought they found a gold mine on that one but the last couple of days, it fell down so hard I don't think they will ever recover its price. Their investments are now in jeopardy for those who bought that token.

[pikkie]

Of course DeFi can be said to be Hype because it can trigger price movements of all cryptocurrencies, but you must know that you only need to take advantage of situations like this to find a lot of profit because if there is no good news like this, the price of cryptocurrency is difficult to rise.

[Becky666]

Lot of people really stuck in the defi FOMO for sure that is why we are seeing huge of them in very short time.Many projects were created in days and listing in the shit exchanges but still able to make really good profits.The hype will get over in real soon so long term investors stay away from these fake new projects.

Long-term investors shouldn't be friend #DeFi fomo as this will be disastrous on a long run. The current situation market of the DeFi projects is such that, investors should be careful with their hard earned money before they loose them to project hypers like #DeFi projects these days. Though I have bought some hyped #DeFi projects tokens and was able to make some good profits from my trial times with ARPAchain #DeFi project, I also did likewise to Solaris and was happy I did. Be smart enough with #DeFi projects not to get stuck with the unusual FOMO.

[irixo10]

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

Yes it is a big red flag for a project to change their concept to Defi just to follow up with the hype which of course is not to revive their project but for the team to make money. That means that, investors should be careful of old projects chasing after Defi hype in addition to most new Defi projects coming up nowadays. Furthermore, although people will ignore because they are after profits but it is still good to point out the truth, let everyone make their own choices.

[jambul_kribo]

Of course DeFi can be said to be Hype because it can trigger price movements of all cryptocurrencies, but you must know that you only need to take advantage of situations like this to find a lot of profit because if there is no good news like this, the price of cryptocurrency is difficult to rise.

yep right, as traders we must take this hype and trend to earn profit. i see there are alot opportunity in this DEFI trend, many token or coin price rise more than 5x even that were new project in market. this is good moment to entry market again, hype coming like 2017 condition which is people invest their money alot.

[Yamifoud]

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

We should be careful about this scheme. The hypes that Defi brought it is something a wide market trick especially for those old and have been dead for a very long-time but it is getting alive because of this.

TBH, I shouldn't have expected this to happen because at first, I'd think that this Defi will bring something good to us but seeing those shitcoins being hypes, I'll doubt how it becomes reliable in that case. As a trader, I shouldn't have to consider this as a helping tool and I see a higher risk with this.

Anyway, it is farther to look at how it changes in the coming days and how it changing the market trend and live that hypes being concluded for impressive crypto development.