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.
Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?
great speculative thread mate because you're right that Defi coins made a threat in major currency and even the whole top 100 coins.
there are many coins from Defi that has grow more than hundred or thousand percent in which i did not anticipate until it happens.
so you posted this in july and the run starts the end of august until now actually it is damaging top coins.
But i believe that it is going to end soon,now that the last quarter is coming and mostly in this season starts the hype of major currencies .