Post
Topic
Board Altcoin Discussion
Re: DeFi Bubble Burst?
by
Samayuki
on 11/10/2020, 10:46:58 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
Most of these loses  are recovered right now since bitcoin starts another bullish move over 11,000$ ,I sure that what we witnessed weeks ago is just correction although not all DeFi projects are reliable but the littles DeFi's I invested on are all bullish right now, as a investors we shouldn't expect coins to always shot for the sky, there will always be time for retrace