Quote from: Paycoinzzz on Today at 07:01:43 AM

Quote from: jayson (www.torum.com) on July 21, 2020, 08:47:48 AM

Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.

This did not affect the price of the top coin at all, even the top coin increased. When the Defi trend came, it attracted a lot of capital from outside, not capital in the rotating market. This is a good sign showing that the demand for investment is still very large. Our market is coming back very quickly and there may be more altcoins coming to the moon by the end of the year.

The need to invest in Defi projects has been increasing dramatically in the last few weeks and has surprised me a little because almost any project is x10 in a very short period of time. I believe that the rise of Defi will help investors feel more optimistic when choosing to invest because this is a very good time to make a profit. However, you should spend some time researching before deciding to buy as there is always a risk if it's a new project.