Ninjastic
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Board Speculation (Altcoins)
Re: Do you think DeFi season is going to be just like Altcoin season?
by
Questat
on 22/01/2021, 09:36:12 UTC
Quote from: BigBoy89 on Today at 03:32:26 AM
Quote from: Questat on January 21, 2021, 10:44:54 PM
Quote from: BigBoy89 on January 21, 2021, 03:25:52 AM
Quote from: SomeJasonGuy on August 20, 2020, 04:15:47 PM
Smells a lot like 2018 doesn't it?

It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception Smiley

DeFi has some bloodbath today. https://coinmarketcap.com/defi/

That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe.

Today was a bloodbath for all, starting with Bitcoin. And alts, of course, to not miss anything, were deep-diving too.

But I think we reached the bottom (for now) an hour ago.

Let's see what's next, I don't think it's already the bottom, correction does not only happen in just one day, it sometimes resulted to a long bear market like in the past, bullish people will not be convince that a correction has started, they'll think it's just a minor shake up and price will eventually rise again. Total marketcap have also dive below $900 billion, it's still too early to say but I have a feeling the correction is over.