giammangiato
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October 06, 2020, 07:52:47 AM |
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Yep. They were always the shittiest of crap coins, no use case. I think I'd finally forgotten about him, now I have to remember this once more. As you express that some projects have already crashed down below 90%, DeFi hype may proceed little more longer but pretty sure no longer so profitable. However, There are so many who got this in beginning stage and they picked up good value of money because of name value.
Finnally they will be forgotten and remembered only for the big airdrops. A lot of users investing in these coins lost a lot of money but this is because they don't study project and only follow the crowd
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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cryptoaddictchie
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CoinPoker.com
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October 06, 2020, 08:07:32 AM |
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Whoa! just checked the project's CMC and, I am surprised that even without a good CEX listing that project has a whopping 31M dollar volume. What will happen when some good high volume CEX lists it lol? Looking like an interesting project, but sadly it's too expensive for me lol.
Im not following anymore cause I dumped my few tokens already. From what I read and heard. They are bulding a new sequence where cex listing can also attributed to the staked tokens of the users farming it. Dont know but core protocol is pretty solid already. They sont need cex for them to keep moving forward. It is cex will benefit on the demand and volume will be added on their exchange actually.
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Princejebs
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October 06, 2020, 11:49:40 AM |
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Only few will survive, I said that in some thread on this board but many think I'm a anti-Defi and likely a centralize agent. This is not different from ICO madness, the only difference is there where no new inflow of money in market capitalization. Its the same funds from bitcoin and some other alts due to market dominance reduction and the few recent Usdt printing (brrrrr ) by the institutional investors that were fomo into this DeFi. The hype is over and dump has not even began until the beast( Btc ) start major corrections. Hope US election don't affect the stock market and the rest.
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neokripto
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October 06, 2020, 02:02:47 PM |
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Yes, DeFi hype is probably blown away and we will never see such growth rates of hundreds of percent. Once again, we have verified that the bandwidth of the Ethereum network is insufficient for mass payments.
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themohit
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October 06, 2020, 02:13:40 PM |
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Yes probably the interest for DeFi is end, probably we will have a new hype for a new airdrop like UNISWAP. I hope that great projects will come out in these weeks because for me defi is only scam, declared scam
I'd rather agree with other point of OP which claims crypto market is in altered state, correction sort of. So its only a phase before even bigger growth. I believe in this not only because my investments are in the red zone right now, but also because I see a lot of really good and promising projects suffer from what I believe is market fluctuation. Otherwise, we wouldn't see whole market just fall constantly non stop, literally each and every coin.
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Jackl87
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October 06, 2020, 03:10:35 PM |
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Yeah seems like the defi hype slowly comes to an end. There are still appearing new crappy yield farming projects every day but they have a hard time getting any attention or funding unlike a few weeks ago. It will be interesting to see how many of those defi projects are still around in 1 year. I bet a few will be because they have a solid team and use case but most of them will vanish. Those people who made a lot of money with this hype will not care about that of course
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Yamifoud
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October 06, 2020, 03:24:28 PM |
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3 steps away, 1 step back, another 1 step back, and another...again and again...That is how I describe Defi.
Many were saying Defi is the future of crypto and absolutely they got the answer (it is very quick). The response of the people isn't looking good. They can't easily forget about the altcoins bearish season where it shocks the market and many investors jump into. But somehow surprises them back when seeing the market and their investment went nothing. This might be the same for the Defi projects.
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giammangiato
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October 06, 2020, 03:34:27 PM |
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I don't think so, today or yesterday burger came out, it should be binance farming if I remember correctly so I don't think it's finished, and I think we'll see more! who knows what the next few months have in store for us, I'm very curious!
DeFi is very exciting
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Shallow
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SmartFi - EARN, LEND & TRADE
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October 06, 2020, 03:36:31 PM |
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Indeed the hyip is over. From the image, it has dawn on most people that were running after hype that the party is over and it is now time to know the projects that are serious with their development and those that are just after money. The truth is, they might fall more on price until the project is left with only investors who cares about the use case, so that means that in a project where the use case is nothing to write home about, it will keep dumping until it becomes worthless. What the correction will give is that, only few projects will remain and they might not attain their ATH again. Furthermore, I agree with your last point, the market will be cleared of all garbage Defi projects as they will all be exposed, good ones stays and bad ones goes. Not only that, any other DeFi project coming will now be ready to work because no one would like to invest just for the sake of hype or whatever.
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PancongStreet
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October 06, 2020, 07:18:11 PM |
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This is very interesting, indeed at this time the DeFi project has started to decline maybe because of the many DeFi scam projects and also the influence of current world economic factors that make many people trade short-term to support their daily economy it's just my thoughts, maybe anyone has thoughts like me?
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ecnalubma
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October 06, 2020, 07:47:42 PM |
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I don’t think the hype is over, a lot people are still buying them and new batches of Defi’s emerges almost every week and people should gotta be careful and be aware of these things. There are real Defi’s but also there are tons of fake.
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optimisticcm
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Sovryn - Brings DeFi to Bitcoin
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October 06, 2020, 08:03:04 PM |
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All summer, and especially August, the market was booming with news about the super growth of tokens. Yeald farming, stacking gave crazy interest. New tokens appeared every day, the number of assets involved in this area was steadily growing. And what we see now: source: @ceterispar1bus Some projects have already reached -90%, yeald farming is no longer so profitable. All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase? What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever? With the eth transaction and gas fee going down considerably from what it was in august and september this year we can easily assume that the defi craze is settling now and i will be hapoy with a stable and more mature defi environmemt with real and serious busimess models flourishing.
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ololajulo
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Chainjoes.com
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October 06, 2020, 08:21:58 PM Last edit: October 07, 2020, 06:30:10 PM by ololajulo |
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We are yet to see new Defi in this market, we are expecting few more promising Defi projects in few weeks. I believe the successful crowdfund of those projects will sustain my trust in the hype of Defi in this market. The present dump in the market was predicted and the whole market is affect but the bitcoin and Ethereum maintain the range of dump for the past few weeks, nothing in 60% dump in price like in the Defi. It is a controlled dump
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | | | CHAIN JOES | | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | ✨ | | | | | | | ✨ | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | 📝 | |
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samcrypto
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Vave.com - Crypto Casino
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October 06, 2020, 08:22:40 PM |
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The whole cryptomarket is down so I can’t say that the hype was over and maybe this is also part of the cycle and when bitcoin recovers, the market will follow.
This is too early for a DeFi project to die, I’m expecting them to continue the trend until the end of the year but the recent dump proves it that DeFi will also go down no matter what the hype is. If the bull trend begin again and DeFi is still down, that’s the time I can say the Hype is over.
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articlecity
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https://blockmembers.io/
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October 06, 2020, 08:23:06 PM |
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The prices are going down and i think they will go down much more because the way they went up simply was unnatural and many experienced people here were even warning the community about short term hype but we saw some people were blindly chasing each defi project and with the situation now they must be regretting.
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kindbtc
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SAPG Pre-Sale Live on Uniswap!
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October 06, 2020, 08:25:41 PM |
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All summer, and especially August, the market was booming with news about the super growth of tokens. Yeald farming, stacking gave crazy interest. New tokens appeared every day, the number of assets involved in this area was steadily growing. And what we see now: source: @ceterispar1bus Some projects have already reached -90%, yeald farming is no longer so profitable. All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase? What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever? Anyone can easily judge this after seeing this price chart that the initial defi hype and fomo period is over but the good projects and their tokens will soon find long term support and then range trade for a few months which some people also call as accumulation phase and afyer that potentially we will see next move up.
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CryptopreneurBrainboss
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eXch.cx - Automatic crypto Swap Exchange.
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October 06, 2020, 08:52:17 PM |
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The hype died since September, and the only reason the market was still very active was as a result of the hype coming from new top exchange listing as the likes of Binance started listing anything related to DeFi to keep the volume on their exchange. Many gullible newbie were decieved by this as they most had probably rely on these exchange for Investing recommendation based on the new listing. Basically the coins were dump on the new investors getting expose to this project.
If you observed carefully most DeFi project has already done massive return of investment in the DeFi exchanges like Uniswap before they got the exposure big centralized exchanges offer. Anybody that must had bought within the time frame of late August to early weeks of September they obviously have to be in lost if they're still holding.
They hype is over but the technology is not over, the market was just over shallowed by worthless project which the current market situation will eliminate most of them and only the best will survive.
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ongkok87
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October 06, 2020, 09:31:11 PM |
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Seems that hype was just for a short term I didn't even manage to invest on DeFi and yet most of the projects are turning red now. Does is still have a chance that some DeFi project will stay long?
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electronicash
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Eloncoin.org - Mars, here we come!
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October 06, 2020, 10:09:09 PM |
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too early for it to be over. defi has just started. lets get this crypto space more profitable with defi. the peak has just reached. its time to dive but if the project has a good support, it may not be dumped too much and will continue to beat its ATH while its breaking resistances. i'm still rooting for LEND when it finally bottoms, i might just buy more of it.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Traderbtcc
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★Bitvest.io★ Play Plinko or Invest!
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October 06, 2020, 10:31:19 PM |
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Looks like the DeFi hype is dying down slowly ,I always knew these day would come when DeFi will no longer be the talk town, although people still talk about it now, because everyday different team of individuals keep bringing new defi projects, and to be honest 98% of these new projects keep bringing sh*tty coins, with no real use case, most scammers would have even taken this opportunity to still some funds from investors and give them their sh*t coins in exchange, anyway goodbye to DeFi trend, let's just see what comes up next .
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