Decentralized exchange token prices soared

[towi078]

I think it's natural that there is an increase in the use of DEX as a result of the Chinese government's ban on providing services to Chinese citizens, which results in an increase in the price of DEX tokens.  And I believe, soon it will also have an impact on popular tokens or altcoins to increase in price

[traderethereum]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

As long as you can take part and make a profit from those decentralized tokens, that will be your benefit because at this moment, while the bitcoin price moves not good, you can still make money from some coins.
Maybe those tokens can increase more than now but that depends on how crypto market situation.
People search for the coins to trade and make money and they are moving from bitcoin into an altcoin and then moves into dex tokens if they can not get it from bitcoin and altcoins.
I do not have any idea if Dex tokens will be the next hot spot but I guess some investors still focus on accumulating more bitcoin at the current price.

[Beparanf]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Whales thinking this same reason and they are the main reason why the DEX trend start all over again but remember that this whales main goal is to have profit. They will small fish money once they the total ordebook is sufficient to there holdings to take profit. Its still safe now to buy DEX tokens since it was already undervalued ut once Bitcoin once again make a move downward, I'm sure that these DEX tokens will be the one that will be severely affected.

[Vaculin]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

That it needs to have a market deal and if investors will consider them to have potentials, that might be sustaining but since they are just new projects, can't be like that. One thing that could help these projects to keep their momentum is to have a use case project, I'm doubtful if they have. Or this hypes is somewhat in question or have someone shill and manipulated the price.

So before investing in them, you'd rather have to dig into these projects just to have some hints otherwise, it might a bull trap.

[cryptoaddictchie]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

There are plenty of other dex without tokens yet. With the rise of these exchange tokens, definitely those others will pobably have their tokens release. I am expecting metamask, opensea, zapper finance, zerion, or matcha will likely to have their own dex tokens. So used those cause the news on China will definitely used those dex now.

[ven7net]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Probably the next event could be both the beginning of the general growth in the crypto market and the beginning of the altseason. But if we talk about events in the world, then another trigger for new growth may be another news about the adoption of crypto in one more effort, or another news from China about blocking the use of cryptocurrencies. In any case, now the crypto market is too manipulative and any news can trigger both an increase in prices and a drop in prices.

[oemar bakrie]

I think the price increase will not last long, because the opposite difference for tokens that have been in crypto for a long time is starting to decline, so don't hold on to the token too long..
and also the factor of countries that have started to regulate trading on crypto.

[kojektea]

yes, that's true. It seems like everyone is very happy if China does not interfere in cryptocurrencies. So after the news came a lot of coins that jumped up. We should always monitor it because there are so many surprises ahead.

[firesurfer]

DEFI price increase causes Domain BTC.D to drop. Money flow will continue to trend towards altcoins.

What do you mean about domain BTC? if you meant BTC was causing this dump and people will still stay on the cex. what you're saying didn't fit the reality that happened in the market. it's not about money from bitcoin was moving to the altcoin but this is the different case that was involving  the government from china. The regulators from china were making so many crypto platforms to prohibit people from china again.

Domain BTC.D is the strength of Bitcoin versus Altcoins. DEFI is in Altcoins.
Domain BTC.D drop is a reflection of the market capitalization pouring into altcoins. Right now it seems that people are holding more altcoins than stable coins and Bitcoin.

China no longer has a great influence on the market even though they are constantly banning. It shows that the market volatility after each ban is no longer large.

[pergola]

The influx of Chinese cryptocurrencies into decentralized exchanges because of the ban on CEXs. This is predictable and I am sure that DEFI tokens will continue to increase in value when later this year the accounts on Huobi are completely removed from this exchange.

[Cadaver20]

After the Chinese government banned bitcoin and others cryptocurrency, naturally all cryptocurrencies took a hit. As a result, the price of all coins and tokens goes down a bit. But it can never be lasting. And this is what we see now. Gradually pumping of all coins and DEX tokens has started.

[danherbias07]

I used most of this services when buying NFT's. I can say I was surprised at how good it is to avoid going thru exchange and looking for the right price and fill the order. It's definitely a good solution for faster transactions especially for the newly made projects that are looking for initial offerings.
I mean if its a centralized exchange, listing will be a necessity and it's not free and also not cheap. What if a project doesn't have that amount even if they are honest about what they are trying to pursue. DeFi or DEX opened a big hole for them to bring success.

[justdimin]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

This will not be a permanent one neither though. I mean sure it may have seen some uptick because of the news, but it is not something that would be for a long time. It is good that Chinese people could money around from one token to another token (or even wrapped coins) but when they want to take their money out in cash form they will face with some problems. This is why this ban doesn't really leave any position left for the end result. Sure you can get some crypto, and move crypto to crypto if you want to, but the moment you want to put fiat in or take fiat out there will be a problem for them.

DEX doesn't solve this problem, it doesn't do anything about it at all, it is just leaving it where it is and they can't move it out. This is why the move towards higher prices for DEX tokens are just simply something temporary that will not impact it in the long run.

[sikke]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Yes, but it's hard to pick winners.

Invest in a bunch of these tokens and you should see some very handsome rewards going into the future.

Centralized exchanges and finance are on the way out, that is for sure. But a good decentralised exchange framework is also hard to build.

[gaston castano]

so the response is like this they put their money in decentralized exchange coins?
if so then the increase will continue to occur from time to time.
until this issue subsides.
or will it stay like this forever so the money that was in cex will gradually move to dex ?

[cabron]

so the response is like this they put their money in decentralized exchange coins?
if so then the increase will continue to occur from time to time.
until this issue subsides.
or will it stay like this forever so the money that was in cex will gradually move to dex ?

Crackdown will make those traders hide their existence. I would also be afraid if I have that huge amount so instead of simply providing KYC data, I'd probably keep my money from confiscation when the government couldn't control themselves anymore from getting money to whatever they want to fund.

With Binance being a wealthy company with so many branches in every country is being pounded by authorities, there is a chance that your coins/tokens might be stuck there. So these traders are moving to other platforms and at the same time buying DEX tokens. DYDX is just an example but it started long ago you can already see CAKEand UNI price soaring.

[SquallLeonhart]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

This shouldn’t come as a surprise to all of us, why? Because this was meant to happen. In every country where the government becomes an obstacle against cryptocurrency users, they all tend to move towards decentralized exchanges. Decentralized exchanges has only been the gateway for many people who lives in countries where cryptocurrencies are illegal.

People have been able to rely on decentralized exchanges to continue with their business of buying and selling cryptocurrencies and also to be able to have access to the cryptocurrency market. So for sure the assets of these exchanges are meant to increase in value since people are now moving towards that area. Before, centralized exchanges where the hotcake, but now is DEXes.

[Jaered]

China's ban of cryptocurrencies is like a regular theme in crypto news. It's now a yearly event with some quarters claiming is an intentional FUD to drive down the prices while they help themselves. However, crypto heads don't care anymore and some like me even welcome it, so as to buy the dip

[passwordnow]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

If there's a huge demand and it's being used by many traders then it's the usual reaction of their tokens, they're bound to increase. But if there's no such demand on those decentralized exchanges then there's no surge that will happen.
But with the restriction and ban that has been imposed again by China, traders there will just go to dexes so that they won't be tracked and will just remit their profits to any of their relatives abroad to redeem it back to them.

[JeffBrad12]

However, crypto heads don't care anymore and some like me even welcome it, so as to buy the dip

They still care about the bad news that came to the crypto. The problem is too much people pegged with the centralized exchange site and once the exchange site was announcing the ban for the country to its service and it will be giving a big impact to the crypto. This mindset must be changed and people must have started to use the decentralized exchange site. I would like to say a big thank you for china has been making people in crypto started to seeing the decentralized exchange site again. The long term impact will be coming to the dex. Im very optimistic if so billions of daily trade volume on cex will be going to the dex maybe in the next years. there was also another chance to buy the dop price.
I hope that there will be no more FUD again from the major country.