All summer, and especially August, the market was booming with news about the super growth of tokens. Yeald farming, stacking gave crazy interest. New tokens appeared every day, the number of assets involved in this area was steadily growing. And what we see now:
source: @ceterispar1bus
Some projects have already reached -90%, yeald farming is no longer so profitable.
All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase?
What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever?
Dropping their market capitalization from Billions and now drop to millions?i'm sure this is enough proof that DEFI is now falling and the outcome will be reveal for whom is the legit and which is the BS.source: @ceterispar1bus
Some projects have already reached -90%, yeald farming is no longer so profitable.
All large projects have fallen in price, not to mention any little-known tokens with low liquidity. Is the market entering a new phase?
What will this correction give us? The market will be cleared of all garbage and DeFi will be promoted exactly as a technology, as before, not just a desire to collect money from the crowd or should we wait for a second wave, as it was in 2017, when after the correction many alto tokens grew even more and then died forever?
cant wait to finally see our expectation about the Hype that these Defi projects and coins real value in crypto market.
and the comparison regarding Altcoin season of 2018 is just the same.