A lot of people are predicting that the DeFi space will be the catalyst of the next bull run, projects like Maker and Compound have been hugely successful recently and many DeFi projects have performed brilliantly in the bear market.
Name the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
You should be extra careful, as you said DeFi is hyping the public, thats enough to trigger scammers to using this to their advantage in reeling in their investors. Whered you get information of this new project?
I have started to see Defi scam projects in this market, they are taking advantage of this hype to steal investors' money. So be careful with your investment decisions, do your research carefully before you want to invest in it.
yes true, in a few weeks I saw more than one DeFI exit scam, but here on average DeFi scam has a little pattern,first is a token with a low supply,second is a team problem that is not loaded by Scam DeFi, the rest they are an exit scam when the token is hitting the top so if you find a token like this as much as possible don't try to bet on buying it, and hope to sell it when the price is very high.