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Author Topic: Are you interested in investing in DEX's tokens in 2024-2025 uptrend?  (Read 191 times)
Vincom (OP)
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February 28, 2024, 01:23:33 AM
 #1

DeFi Summer 2020 saw an explosion of decentralized exchanges (DEXs), with many offering liquidity mining and yield farming opportunities[1]. These incentives fueled significant token price growth, with Uniswap's UNI and PancakeSwap's CAKE surging 301x and 206x, respectively. However, concerns about tokenomics and the harsh crypto winter led to sharp declines, with UNI and CAKE dropping 93% and 98% from their highs. Many investors suffered substantial losses. While DEXs themselves continue to function effectively, their tokens have fallen out of favor with many investors, including myself.




However, there are signs of a potential turnaround. Uniswap recently launched a proposal to revamp its governance system, aiming to incentivize active participation and strengthen decision-making. This proposal, spearheaded by Uniswap Foundation's governance lead Erin Koen, focuses on distributing protocol fees to UNI holders who stake and delegate their tokens. This shift aims to create a more engaged and responsible community by directly linking rewards to governance participation.

"I believe we should upgrade the protocol so that its fee mechanism rewards UNI token holders that have staked and delegated their tokens," Erin Koen wrote in an X post[2].

This proposal has the potential to significantly impact UNI's price. By creating incentives for continued buying, staking, and delegation, it could increase buying pressure and reduce selling pressure, leading to stronger price support. Notably, UNI saw a 60% surge following the proposal's announcement. While other DEX tokens have also seen growth without similar offerings, it's possible they may adopt similar strategies to improve their tokenomics and support their prices.

Based on the improved tokenomics and strong technical analysis (Dragon EMA34W support), I have added UNI and CAKE to my watchlist for potential investment after the upcoming Bitcoin halving. However, this is not financial advice.

I'd like to hear your opinion on DEX's tokens:
  • Have you ever invested in DEX's tokens? Did you profit or lose from them?
  • Do you think DEX's tokens trend will return in 2024-2025?
  • Will you invest in DEX's tokens in the future? If so, which ones?

References:
[1] A Look Back at 2020, the Year of DeFi
[2] Uniswap's UNI Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul

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February 28, 2024, 02:45:21 AM
 #2

I mean, DEXs are one of the protocol categories that are actually making good amounts of money; specifically the PERPs DEXs.

1. GMX. Printed a good amount of money through GMX and GLP staking; and also the price uptrend.
2. Return? It has always been active.
3. Of course, depending on valuations. The platform I'm planning on investing in hasn't released their token yet.

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February 28, 2024, 02:48:07 AM
 #3

I have had invested on defi tokens, the most was on cake followed by biswap and pancakebunny. The last one turned scam so nothing there. I might have bought cake on the wrong time as I had to sell it for a loss. And for biswap it was neither profit nor loss.
New dex and dex token would still be a large thing in bull as we have newer and popular L1 and L2 networks where there are just a few DEX. Though the price rise might not be as significant as most people have already experienced the volatility of dex token and its inflationary nature.
I have not directly invested on any DEX this time. I had some jupiter tokens but sold them on small loss. I however am participating on new DEX point contest where they would airdrop their tokens to early stakers. Kinza finance and kamino are some where I'm staking in hope of good airdrops in near future.

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February 28, 2024, 04:32:22 AM
 #4

I'd like to hear your opinion on DEX's tokens:
  • Have you ever invested in DEX's tokens? Did you profit or lose from them?
  • Do you think DEX's tokens trend will return in 2024-2025?
  • Will you invest in DEX's tokens in the future? If so, which ones?


I have never invested in DEX tokens however I am interested. I have been hearing good things from DeFi since last year. There are lots of projects coming out from established and trusted ecosystems so it piqued my interest. I have my eyes on GMX or UNI. I think it has really good potential and I have seen some profit generated from DeFi last year so it is no doubt that this year, it can bounce back.

I would love to research more about DeFi and try to delve into the best possible tokens to be investing in.

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February 28, 2024, 05:09:49 AM
 #5

  • Have you ever invested in DEX's tokens? Did you profit or lose from them?
  • Do you think DEX's tokens trend will return in 2024-2025?
  • Will you invest in DEX's tokens in the future? If so, which ones?

1. bought BSW and it's still going very nice till now. im still in unrealized profit coz im not willing to sell this one before bitcoin will reach new ATH probably next year.
2. I think yes but this totally depends on the movement from bitcoin. Bitcoin gets hyped then altcoin follows. As long as dex will able to implement the same proposal introduced by uni to reward the holders, then it's possible for the dex to get hyped. Im still eagerly awaiting the details on how the new proposal will be working on uni.
3. It's a bit too late consider bitcoin is always going up. I have thought to put some money on uni but i was not doing it.  

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February 28, 2024, 05:25:23 AM
 #6

only very few select token about DEX that i have invested and these are UNI and JUP, only two, only got quiten handful of profit with UNI, but JUP, i don't know maybe its time to ditch it and move to the better investment because this coin just stuck, I entried at the price of $0.5 and its still $0.5 despite other coin already doubling their prices maybe its mainly because the coin itself is already overvalued, basically surpassing UNI at the price minutes after listing.
I don't really have good impression with these DEX token though usually their utility are kinda low thats just my opinion I can be wrong definitely.
but if i were to invest i will definitely invest in either metaverse or just plain new blockchain like zeta or taiko which is upcoming.
regardless those that made quite the profit when these DEX was rally if i remember before the year's end are sure to make good profit.
the trend will return definitely its like a cycle but im not interested in investing in one as of now maybe because in every blockchain there are so many DEX nowadays.

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February 28, 2024, 08:20:18 AM
 #7

-snip-
I'd like to hear your opinion on DEX's tokens:
  • Have you ever invested in DEX's tokens? Did you profit or lose from them?
  • Do you think DEX's tokens trend will return in 2024-2025?
  • Will you invest in DEX's tokens in the future? If so, which ones?
You wrote one point that DEX continues to function despite all odds (not the exact words) which I appreciate so much in part of your write-up and which is also a basis to know that DEX is a very good project to buy. Not to mention their decentralised nature. The response to your question is indeed very simple as we see how they are performing during this bullish season. They are just a Go project in my opinion.

As for your questions, let me take them one after the other;

1. Well, I did not invest in the last bull season of cryptocurrency, so I missed entirely the DEX investments. However, since the last half of 2023, Yes, I've invested in DEX and it has been profitable since then. The average DEX tokens are better than the average cryptos in performance, while some are so spectacular.

2. It has already returned in 2023 if you are reading your chart well. We may only see more surprising big bullish movements between 2024 and 2025.

3. Of course, just like other cryptocurrencies in different fields and categories, I do not want to miss out on any of them as we do not know what the future certainly holds. As for the DEX, I am sticking to four for now, and they are; UNI, DYDX, BAKE and CAKE.

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February 28, 2024, 12:37:26 PM
 #8

I'd like to hear your opinion on DEX's tokens:
  • Have you ever invested in DEX's tokens? Did you profit or lose from them?
  • Do you think DEX's tokens trend will return in 2024-2025?
  • Will you invest in DEX's tokens in the future? If so, which ones?

1. Yes, OFC, I've invested in DEXs, there's not a single category of altcoins that I miss, LOL. Profit? not at all, I experienced quite a lot of losses on Uniswap (UNI) and Pancakeswap (CAKE).

2. I don't want to guess whether the DEX trend will return at the time you mentioned, it all depends on the narrative in the crypto public, when the narrative is about DEX it will mean that DEX tokens will increase in price.

3. Yes, and I think I will return to Uniswap (UNI) or Pancakeswap (CAKE), not without reason, I chose them because they're the ones that are currently mainstream.

R


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February 29, 2024, 08:38:57 PM
 #9

I'd like to hear your opinion on DEX's tokens:
  • Have you ever invested in DEX's tokens? Did you profit or lose from them?
  • Do you think DEX's tokens trend will return in 2024-2025?
  • Will you invest in DEX's tokens in the future? If so, which ones?
1. Yeah, I have been an investor in specially PancakeSwap & UniSwap for a long time though i got good profits from PancakeSwap but i sold my UNI with a little bit losses.
2. It’s quite difficult to predict right now.
3. If i will get any potential new DEX's tokens then of course i will invest but i will never make invest with old DEX's tokens.

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February 29, 2024, 08:59:04 PM
 #10

I've got no luck there and probably I was not for it. Even if I've invested during the bear market, I don't see significant gains over the period of time with this. Maybe seasonal but I won't invest for now to any of these DEX tokens. I know that it's still best to get in too early but it's also the riskiest point when you don't know the future of these dexes where there have been a bunch of them. But those that have found something good and they leaned on their decisions and have something to back with their decisions for buying it, good luck to all of you. That's the fruit of your DYOR but for me, even if I did it, it didn't resulted to fruitful results and that's why I am stopping investing into these DEX tokens.


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March 07, 2024, 02:49:50 AM
 #11

1. Yes, OFC, I've invested in DEXs, there's not a single category of altcoins that I miss, LOL. Profit? not at all, I experienced quite a lot of losses on Uniswap (UNI) and Pancakeswap (CAKE).

2. I don't want to guess whether the DEX trend will return at the time you mentioned, it all depends on the narrative in the crypto public, when the narrative is about DEX it will mean that DEX tokens will increase in price.

3. Yes, and I think I will return to Uniswap (UNI) or Pancakeswap (CAKE), not without reason, I chose them because they're the ones that are currently mainstream.
My condolences, maybe you bought DEX tokens at the end of the uptrend and their price started falling as soon as BTC lost its momentum. I hope you did not forget to place a stop loss order to protect your capital.

As I stated, I believe DEX is making a comeback with DeFi and DEX tokens are gaining traction thanks to the tokenomics update from UniSwap. So, I think UNI and CAKE will be the tokens that continue to attract your attention in the uptrend. Hope this time if you invest in them, you will make profits instead of losses.

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March 07, 2024, 04:30:35 AM
 #12

I was unlucky because I invested in CAKE and UNI when the price was very high. At that time I didn't understand the concept of DEX and I thought if they had DEX of course they would be in the top 10 of CMC. But my prediction was wrong. I had to suffer huge losses from those two coins. Since then I decided not to invest in DEX coins. But I think I changed my mind because of the 2024 bullrun season and I see that DEX will have potential. But currently I am still hesitant to participate in it.

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March 07, 2024, 06:14:19 AM
 #13

yes why not if they are going to share their revenue with their community like UNI is going to do. If the gas fees for using the blockchain go down then the number of dex users will grow exponentially. Due to the mandatory KYC in most of the centralized exchanges many users are forced to use dex's. Also there are a large number of DeFi users in the industry and most of the DeFi application users also use dex. So as long as DeFi adoption is ongoing the number of dex user will grow and the demands of their token will also grow.
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March 07, 2024, 03:18:21 PM
 #14

1. Yes, OFC, I've invested in DEXs, there's not a single category of altcoins that I miss, LOL. Profit? not at all, I experienced quite a lot of losses on Uniswap (UNI) and Pancakeswap (CAKE).

2. I don't want to guess whether the DEX trend will return at the time you mentioned, it all depends on the narrative in the crypto public, when the narrative is about DEX it will mean that DEX tokens will increase in price.

3. Yes, and I think I will return to Uniswap (UNI) or Pancakeswap (CAKE), not without reason, I chose them because they're the ones that are currently mainstream.
My condolences, maybe you bought DEX tokens at the end of the uptrend and their price started falling as soon as BTC lost its momentum. I hope you did not forget to place a stop loss order to protect your capital.

As I stated, I believe DEX is making a comeback with DeFi and DEX tokens are gaining traction thanks to the tokenomics update from UniSwap. So, I think UNI and CAKE will be the tokens that continue to attract your attention in the uptrend. Hope this time if you invest in them, you will make profits instead of losses.

I haven't invested again in DEX tokens until today, and it seems I missed the profit train Cheesy. On 1 Month TF, Uniswap (UNI) percentage managed to touch more than 130% while PancakeSwap (CAKE) managed to gain around 39%. I think with the current hype rally in Bitcoin (BTC), it would be unwise to invest in tokens other than L-1 tokens. What do you think? is now a viable time to buy DEX tokens?

R


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March 07, 2024, 07:44:30 PM
 #15

Every investment from crypto industry is high risky you must have to research properly best return. many cex, dex are got scammed and many dex token price fail a lot. so no one can guarantee for any token. if someone interested to invest money on any token including dex token then i will suggest them to do there own research and invest money by there own riak if they have enough ability to loss there money. coz crypto will not guarantee someone for profit for any strategy
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March 10, 2024, 01:34:34 AM
 #16

I haven't invested again in DEX tokens until today, and it seems I missed the profit train Cheesy. On 1 Month TF, Uniswap (UNI) percentage managed to touch more than 130% while PancakeSwap (CAKE) managed to gain around 39%. I think with the current hype rally in Bitcoin (BTC), it would be unwise to invest in tokens other than L-1 tokens. What do you think? is now a viable time to buy DEX tokens?
I don't dare give financial advice, because that is very dangerous for both you and me. If you truly believe in the return of DeFi and DEX will still be an important part of the market, investing in DEX tokens may not be a bad decision, especially since we are in the early stages of uptrend. I know that the prices of DEX tokens have exited the accumulation zone, but imagine the possibility of them making a new ATH in 2025.

Every investment from crypto industry is high risky you must have to research properly best return. many cex, dex are got scammed and many dex token price fail a lot. so no one can guarantee for any token. if someone interested to invest money on any token including dex token then i will suggest them to do there own research and invest money by there own riak if they have enough ability to loss there money. coz crypto will not guarantee someone for profit for any strategy
Thank you for reiterating what is always true in the financial markets: where there is opportunity, there is risk, and vice versa. I always hope every investor will make a profit, but the market does not exist and operate that way, the market is not a machine that prints money to satisfy everyone's greed.

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
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March 10, 2024, 01:49:07 AM
 #17

I've got no luck there and probably I was not for it. Even if I've invested during the bear market, I don't see significant gains over the period of time with this. Maybe seasonal but I won't invest for now to any of these DEX tokens. I know that it's still best to get in too early but it's also the riskiest point when you don't know the future of these dexes where there have been a bunch of them. But those that have found something good and they leaned on their decisions and have something to back with their decisions for buying it, good luck to all of you. That's the fruit of your DYOR but for me, even if I did it, it didn't resulted to fruitful results and that's why I am stopping investing into these DEX tokens.
Same, but if I'm with my friend and he talks to me about some tokens that are worth investing into, I almost always go for it because of all that he's told me, I've invested in it and so far, I've got about 5 or 6 of those tokens or NFTs or NFT games that have gained me a considerable profit but you're right even if you do invest in bear market, you can't guarantee that you're going to make a profit, I guess you're right though, DYOR is the best thing for investing in DEX tokens or for any crypto related investments, you don't want your money stuck in a limbo hoping that the token or crypto investment that you've put your money into would grow in profit, some of them just don't do it like that so it's imperative that you do the research or you risk your money for nothing. Seems that the trend for DEX tokens are a thing now, there's some talks in my circle about them but I haven't checked any of them yet.

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Vincom (OP)
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₿itcoin maximalist


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March 12, 2024, 12:45:37 AM
 #18

Same, but if I'm with my friend and he talks to me about some tokens that are worth investing into, I almost always go for it because of all that he's told me, I've invested in it and so far, I've got about 5 or 6 of those tokens or NFTs or NFT games that have gained me a considerable profit but you're right even if you do invest in bear market, you can't guarantee that you're going to make a profit, I guess you're right though, DYOR is the best thing for investing in DEX tokens or for any crypto related investments, you don't want your money stuck in a limbo hoping that the token or crypto investment that you've put your money into would grow in profit, some of them just don't do it like that so it's imperative that you do the research or you risk your money for nothing. Seems that the trend for DEX tokens are a thing now, there's some talks in my circle about them but I haven't checked any of them yet.
I believe that not just with DEX tokens or NFTs, every investment decision should come from careful consideration involving fundamental analysis and technical analysis. The crypto market is not a giant casino, I think we can absolutely take the time to learn about the project to understand its potential and tokenomics before placing our trust and capital in its token.

The crypto market is having many trends: Layer-2, DeFi, NFT, GameFi, staking. DEX tokens are just one part of DeFi. If you believe in the return of DeFi, DEX tokens are really worth a look. And this is not my investment advice  Grin

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
Satoshi Nakamoto
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