Post
Topic
Board Altcoin Discussion
Re: Decentralized exchange token prices soared
by
passwordnow
on 30/09/2021, 12:09:37 UTC
After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?
If there's a huge demand and it's being used by many traders then it's the usual reaction of their tokens, they're bound to increase. But if there's no such demand on those decentralized exchanges then there's no surge that will happen.
But with the restriction and ban that has been imposed again by China, traders there will just go to dexes so that they won't be tracked and will just remit their profits to any of their relatives abroad to redeem it back to them.