All Top 10 DeFi Tokens on coinmarketcap in Loss

[shakesbear]

They cannot constantly show only growth, I honestly do not understand where the money comes from for this holiday, I hope there will be new users.

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[Serco]

its normal correction in market cycle , price will make volatilty in its movement and so far cryptocurrency market still in bullish trend and no need to worry if price decline now. keep hold and don't be panic while our assets down now in several  months later our asset will growth alot especially if we hold gem.

[tvplus006]

Today is a very good opportunity to buy DeFi at a lower price. It is possible that the price will become even lower if bitcoin does not stop falling further. Those who hold these tokens should not give in to panic, because we are seeing a correction that we have been waiting for for a long time.

[plvbob0070]

It's not just DeFi, practically every cryptocurrency is down today—after Bitcoin got rejected at the $12,000 threshold once again.

I just checked the Coinmarketmarket right now and it's currently in the bloody market. That's true, not only Defi who have been experiencing a big dump and if we're going to look in the top 100 cryptocurrencies in the Coinmarketcap, we can see some of the coins have been down up to -20%-30%. Probably, some of us will get scared because of this but take note that it's totally normal having this kind of situation in the market. But, how long can we see more dumps in the market?

Today is a very good opportunity to buy DeFi at a lower price.

I agree with @tvplus006 but, make sure before we invest to in any coins, we should already have our prior research to avoid losses.

[Eco_111]

That's your choice to make but don't forget that Bitcoin dumps back to 10+ today and thats because of a big amount of Bitcoin that was deposited on an exchange, investors dumped their bitcoin with the fear that the market will dump big if the whale dumps his big stack of bitcoins   

[noorammak]

Today is worse than yesterday, bitcoin is too deep in price, all efforts in August have been wiped clean. I don't think the market will get strong again after this sell-off. Maybe bitcoin depreciates deeper and we have to wait until 2021 for a chance to rise again.

[AmoreJaz]

It's not just DeFi, practically every cryptocurrency is down today—after Bitcoin got rejected at the $12,000 threshold once again.

I just checked the Coinmarketmarket right now and it's currently in the bloody market. That's true, not only Defi who have been experiencing a big dump and if we're going to look in the top 100 cryptocurrencies in the Coinmarketcap, we can see some of the coins have been down up to -20%-30%. Probably, some of us will get scared because of this but take note that it's totally normal having this kind of situation in the market. But, how long can we see more dumps in the market?

Today is a very good opportunity to buy DeFi at a lower price.

I agree with @tvplus006 but, make sure before we invest to in any coins, we should already have our prior research to avoid losses.

and remember, most alts whether they are in top position in the market or not follow the performance trend of btc. and DarkDays is the first to mention about bitcoin's status in the market in relation to what is happening.  so what is happening in DeFi market is expected also as btc goes down.
 but when btc recovers again, these other alts and tokens will follow again its trend. just look at the btc chart and see for yourself about the shape of other charts

[Ceyflix-Rez]

Don't get confused bitcoin is still very bullish, we are still going up and it's better to invest now and take advantage of the market, I believe some dump to take advantage of the 12,000$ price per bitcoin but in no time Bitcoin will recover, this is another good opportunity time to invest

[zasad@]

Investors ran away from Ethereum and went to buy TRON  
But seriously, the DEFI market over the past few months has grown by 1000-2000% or more, and a small correction of 20% has already caused panic in you.
We are only at the very beginning of the rally, so choose promising def tokens and buy while the price falls.

[disconnectme]

I believe this month there is going to be real correction and will give some investors chance to take positions in good projects. I believe we are just getting started, the economy is getting opened and people are going back to work, which I think is good for the space, that means more money is set to enter the market after this correction

[Ozero]

Maybe time for a good correction in all these defi projects because the way their price grew was unrealistic to many but as a supporter i think this tech has bright future and even if price dumps more it will be good to pickup some good defi coins.

The fact that now all the best DeFi projects are falling in price and going to correction, I think it is a good event. It would be much worse if the hype around their prices continued to rise and this would happen much later, closer to the fourth quarter. Then investors in DeFi would suffer huge losses and this could lead to a general drop in the cryptocurrency market. Now the fall will not be so significant and will give the market an opportunity to prepare for the next wave of growth. It is also quite possible that after the current correction, the price of DeFi projects will no longer grow so quickly. The cryptocurrency market will be more or less balanced.

[tomahawk9]

"yearnFinance",  "wrapped bitcoin"...kinda feels like those who fell for the DeFi hype deserved to get burned after investing in tokens with such dumb names

but to be fair, the BTC price drop yesterday kinda dragged the entire crypto market down with it so the bloodbath in the charts is "normal", it woulda been weird if they were in the green numbers, though...Regardless, it would be interesting to see if these tokens will recover in the short-term or if this drop will trigger the demise of the DeFi bubble. My advice: stay away from DeFi, it's too late to invest, you missed the train already

[btcltcdigger]

It's what's known as shitty market day.
It comes and goes on it's own, on random. Sometimes it lasts a day, sometimes few days.
Don't get discouraged by it, buy the dip if you believe in a project

[kaseygriffin]

Bitcoin is collapsing right now, so it's making this entire market bleed. I am not too surprised by its current status, and do not worry too much about the prices of these projects, I am confident that in the near future the price will continue to go up and take advantage of this opportunity to buy things at a cheaper price, otherwise you will regret it

[Febo]

All Top 10 DeFi Tokens on coinmarketcap in Loss

Bitcoin lost 5% and is dragging all coins down. 5% is a lot for Bitcoin.  What your screenshot shows is just an ordinary day for DeFi. When DeFi goes down a lot is -90%

[mdzahed134]

I think at the moment Bitcoin is bullish mood. So entire of the market is going correction not only DeFi projects are falling down. All of DeFi coins are right now too much lower price i have seen but it’s not big effect we see still those coins so much good price. Most provably it's good time to invest for short time in several DeFi projects.        

[Princejebs]

When the market was booming, many investors were cashing out in profits while some were greedy and refused to take profits. This market will teach you how to be humble if you aren't careful enough. This correction may take time.

[MCobian]

There is no need to panic seeing the price of DeFi tokens experiencing a decline, this is only natural if you see the price of Bitcoin which
has fallen far enough. Since all altcoins are bound to be affected by this drop in Bitcoin price, this should be a good opportunity to buy
DeFi tokens. Because the current price correction will not last long, don't miss the opportunity to buy DeFi tokens at low prices.

[tippytoes]

There is no need to panic seeing the price of DeFi tokens experiencing a decline, this is only natural if you see the price of Bitcoin which
has fallen far enough. Since all altcoins are bound to be affected by this drop in Bitcoin price, this should be a good opportunity to buy
DeFi tokens. Because the current price correction will not last long, don't miss the opportunity to buy DeFi tokens at low prices.

The situation of DeFis is normal as bitcoin also plunges its price. A lot of alts are also in red for the past day. But I guess a lot of those who bought DeFi tokens are in loss obviously. But if you have faith on the project, just hold it and wait until bitcoin recovers and hope that your Defi token will also recover

If you will panic in this situation, the tendency is to sell what you have and you will incur big loss. Better wait for the market to recuperate and see what's in store for your holdings.

[Findingnemo]

Even the price of bitcoin was in huge red after a good bullish rally, so I guess the crypto market is in correction but talking about the defi projects alone some of there are getting dumped more than 20% in a day which not really normal so people who are holding such tokens should be really careful.