Post
Topic
Board Speculation (Altcoins)
Re: Downfall of dia data (DeFi)
by
Spaffin
on 06/10/2020, 18:54:14 UTC
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.
Nevertheless, even a good project needs advertising, and the more noise, the greater the investment attractiveness. What is happening with the DIA project today is quite predictable, since the distribution of the first stage of rewards has begun. But if we take into account today's price, a little more than $ 1, then long-term storage will still bring us more than $ 5. Therefore, there is a chance to profitably invest in a really very good and promising project that has great potential in the future.