Post
Topic
Board Speculation (Altcoins)
Re: Downfall of dia data (DeFi)
by
carlisle1
on 05/10/2020, 03:22:56 UTC
Don't know what is happening at this moment. Most of defi project lost their value incredibly. Especially for dia data, the recently successful defi token, launched IEO a months ago. Then it was start increasing incredibly, ATH around at $5.13  Sep 02, 2020 (3 days ago) but its only $2.09 today Sep 05, 2020. Just decrease more than half of its value within 48hours when it added binance exchange mainwhile
It was completely natural if you ask me that this happened, the DeFi bubble cannot be maintained as people that invested before it were already happy with their profits and began to sell their coins, for a time everything was well but as scammers have taken over the market as they do to almost any other people have began losing faith in those projects and the bubble could not be maintained anymore and then the bubble burst as bubbles always do, i just hope you did not lost money and if you did that at least it was something manageable.
Dia data seems to be a legitimate project which is trying to penetrate the Oracle space in blockchain but I feel that projects now are overvalued because of the bull run and people are just booking their profits.
just the run of defi projects and not Bullrun is what happens.

Dia seems to be overhyped but this currency has a good potential in future,maybe this is not about the hyping but about the goodness of the projects.
there is a best chance for some defi coins but not all of them will survive and that is sad news for those who invested and wanted to keep holding.