Post
Topic
Board Altcoin Discussion
Re: DeFi Bubble Burst?
by
Oilacris
on 09/10/2020, 19:56:02 UTC
We have witnessed a massive popularity regarding DeFi projects, but it's seems that DeFi hype is over. For the past week DeFi tokens plunged massively.

Loses over the last week:
Chainlink: 12%
Aave: 19.5%
Uniswap: 32%
Yearn.Finance: 44%
Compound: 20%
Uma:33%

Read more: https://www.worldcoinindex.com/nl/news/defi-tokens-plunge-in-a-wide-sell-off-is-this-the-defi-bubble-burst
Is still this surprising for most people specially to those who had been here on this market for a while now? Its definite "NO" and ive been keeping

saying on people that they shouldnt really tagged up too much with the hype or else you would really end up on losing money due to negatives
specially when you bought into the peak.

Im not saying that it had already burst out but with those negative percentage then its most likely to be on that way.Im expecting for more decline further
but who knows if one of those will able to recover.Right?