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Whited35

Ethereum's DeFi tokens are rapidly outpacing Bitcoin

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DeFi tokens are really trending nowadays and DeFi tokens are performing really good this year! But I don't really got what DeFi tokens are and why are they trending right now. But I guess I'll be researching for it and hopefully I'm not too late on hopping the hype train!


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With the current circumstances of the ethereum network, I do not think it is possible that it can surpass bitcoin in a short or medium period of time, but when ETH 2.0 is launched, and thanks to the boom that smart contract applications are having, it could reach tilt the bullet more in favor of ethereum.

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2 hours ago, Whited35 said:

@Krieg99But, some DeFi platform hacks have given the negative impressions to investors. Multiple hacking just indicates the growing pain in DeFi spec but anyway, developers are focusing to design the best system architecture, we might expect the best DeFi platforms in future. 

yes indeed, with the growing popularity of the defi began to interest not only investors, but also hackers, and although the wounds are still fresh, I do not think that this damaged further hype around defi, but only adds more interest for people looking for new opportunities in the field of cryptocurrencies, as they can to assess the reactions of projects that have been hacked, that is, at least this also attracts considerable attention.

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On 10/7/2020 at 3:28, Whited35 said:

El informe se publicó originalmente en Decrypt, lo que sugiere que 10 Tokens DeFi de Ethereum asociados con diferentes aplicaciones DeFi tienen ganancias masivas (hasta 804%) para superar al mercado de cifrado más amplio en los últimos tres meses. Crecieron más que Bitcoin, lo que en sí mismo es increíble de ver. El informe ha creado un terremoto en la comunidad de cripto durante estos últimos tres días. Los tokens asociados con protocolos de préstamos y liquidez como  el token LEND de Aave ( token nativo del protocolo de préstamos de Aave que tiene un crecimiento del 804%) y  Bancor (BNT) (Bancor es un protocolo basado en Ethereum que permite la liquidez combinada) son los de mejor desempeño. 
Eche un vistazo a los siguientes datos donde puede ver claramente que 10 tokens DeFi han estado ganando un crecimiento entre el 41% y el 804% desde el 8 de abril.

messari-defi-coins.thumb.png.c51ecbe93966b9c4093b42375e3cc408.png

Imagen: -Messari

Entonces, chicos, ¿qué piensan por qué las plataformas DeFi y los tokens DeFi están captando más la atención de los inversores en el mundo de las criptomonedas? Claramente, hay una ganancia masiva para algunos tokens, ¿es sostenible? 

 

Referencias: -

Do you think that the value of the BNT token is a protocol based on ethereum? Lately the defi market is very volatile in this year 2020 as you mentioned it is an earthquake, the truth is they have a lot of movement and the value is very unstable but personally I really like that BNT token I will bet on it has a better performance

 
image.png.93429e45c318f5dc198340575fff8acb.png
 
 
 
 
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I agree with you with the fact that Ethereum is growing fast and it has a bright future but I dont really think its gonna be more important than Bitcoin. They are having a great increase and their software is super well created but to my opinion its not gonna be better or more important than Bitcoin, well at least for the coming 8 month its going to be like this.

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Yes this is very interesting staistics but the problem is that this outpacing is based on yet another Hype topic just like ICOs 2 years ago. Yes, Defi and ICO have made and will make amazing projects, but 99% are worth nothing. And as history shows, fast rise will show in even faster fall and only real projects will remain.

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It's pretty interesintg to try to guess how much longer the DEFI tendency will stand, will they stay with us from now until eth 2.0 come out and  a new series of defi projects start to overshadow the previous ones?. One thing is sure, the potential which the decentralized red of ETH has, will continue gaining power and domain in the market for a long time, as we can check on the reports. I'm anxious to see what's going to happen in the near future! ^^.

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During October 2019 and May 2020, I was somewhat removed from the world of cryptocurrencies (mainly due to internet failures in my house); when I finally came back I saw that he began to exploit this issue of DeFi, after a few weeks of research I was impressed with the purpose of them (to replace the traditional financial dynamics); I really like them a lot and some of the ones that have impressed me the most at YFI

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DeFi seems to be in control of the markets right now. So even Bitcoin can't withstand them. They might even be the reason for the price of ethereum pumping so high. DeFi is truly a mind blowing industry that people should venture into....

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Ethereum için yeni aktif adres numarası, 2020'nin başından beri Bitcoin'in adresini geride bıraktı. Ethereum, aktif adres sayısını yıl başından bu yana yaklaşık yüzde 150 artırdı.

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For me, Defi tokens are very high risk, even more than bitcoin because their value increases or decreases exponentially after a few hours. However, it is a matter of analyzing more in depth over time!

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The genuine DeFi will be for each altcoin, not just eth tokens, so just one more siphon and dump before that. Just exchanging tokens between networks is just wrong, you have to trade btc for xrp, eth for doge in a decentralized way. that's the true decentralized mining.

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Yes, but bitcoin is still the best coin DeFi can not take over bitcoin

because bitcoin is the oldest and best cryptocurrency.

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Decentralized finance (DEFI) when consolidated and audited will make the traditional banking system completely obsolete, which gives you an interest of 0.05% per year compared to a 5, 8 or 12% return that we can find with the defi
In addition to the low performance that traditional banks offer us, we must also count the devaluation of the dollar, euro or any fiat currency, since in the end we will be having a negative return with them.

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20 minutes ago, AnibalT said:

All defi projects 80% have been successful over time generating multiple profits in the very short term, these cryptocurrencies have great volatility that today is at $ 2 and tomorrow is at $ 50 or $ 100, this type of volatility makes it stronger and rises, surpassing even bitcoin and ETH

@AnibalT So which DeFi platform would you recommend for me? I struggling to find the best one for a long time . I need to be sure first, platform is safe to use and there is good APY so that I can manage to earn more 😊


 

 

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It is true the governance of ETH and its DeFi tokens have increased greatly despite a few drops in their value, I personally see them as a short-term investment since I am entering projects that look somewhat promising and when I have a a certain profit margin I come out with the profit.
 

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That is true at first glance but it is important to evaluate what tokens have real projects and real life benefits behind them. It must be understood that many tokens outpace bitcoin only on hype reasons but not on fundamentals. So be careful and study projects.

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DeFi is just getting started. The decentralized finance ecosystem will continue to grow and mature. It is not a fashion, but a better way to manage and trade value. While Bitcoin is just recovering its value.
Unfortunately, in the month of September, there was a strong correction in the prices of the tokens associated with DeFi. Almost all the tokens leading the DeFi industry experienced negative returns between 20% and 60%. As a consequence of this drop, the volatility of the Ethereum currency doubled that of bitcoin in that month.

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In my opinion, DeFi tokens have become so popular due to their philosophy that every user will have an impact on the token. People always want something new. I think the DeFi industry will be actively developing.

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On the other hand, the CEO of the investment firm Pantera Capital took a similar position to Wang in terms of the potential offered by the DeFi sector at Ethereum. In a recent interview Morehead predicted that the DeFi sector at Ethereum will offer greater returns to investors in the long term. Pantera's CEO believes that the market capitalization of the Ethereum DeFi is undervalued.
In response to a prediction by a Kraken cryptcoin exchange executive that puts Bitcoin at $1 million, Morehead partially agreed. The CEO of Pantera Capital believes that such growth is more likely to occur in the Ethereum DeFi sector, noting that it offers more advantages to investors

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The number of tokens of RC20 is crazy and everything is held in etherum ... how much more can the network support?:classic_ninja:

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As always be good and enjoy.:classic_rolleyes:

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The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
    • Линн Мартин выразила оптимизм по поводу биткойн-ETF, подчеркнув их потенциал и ресурсы, которые они уже принесли на Уолл-стрит.  Мартин, президент группы Нью-Йоркской фондовой биржи, выразила этот оптимизм на конференции Consensus 2024, когда ее спросили о запуске ETF на биткойны ( BTC ) и о потенциале, который они несут для Уолл-стрит.  «Мы ведем переговоры с SEC уже более шести лет о биткойн-ETF», — сказал Мартин в интервью . «Я думаю, вы не можете спорить с успехом биткойн-ETF и ликвидностью, которую они принесли базовому рынку».  Финансовые руководители все больше интересуются криптовалютой, либо напрямую, либо через ETF , что привело к росту цен на рынке криптовалют. По словам Мартина, одобрение спотового биткойн-ETF в январе пробудило интерес традиционных инвесторов, принеся на рынок много ликвидности.  Крипто-объединение Вашингтона и Уолл-стрит В последнее время на криптовалютных рынках и на Уолл-стрит наблюдались сильные движения цен, и во многом это можно объяснить сильным притоком средств в ETF, зарегистрированные в США. Рыночная капитализация криптовалюты превысила 1 триллион долларов с момента одобрения биткойн-ETF.  Спотовый крипто-ETF напрямую отражает цену конкретной криптовалюты и стратегически распределяет средства портфеля в эту криптовалюту. Эти средства активно торгуются на публичных биржах и отражают эффективность конкретной криптовалюты. Как и другие фонды, крипто-ETF легко доступны на стандартных фондовых биржах, и инвесторы могут хранить их на своих брокерских счетах. Недавно был одобрен спотовый ETF Ethereum , предоставляющий инвесторам регулируемый и доступный способ получить доступ к Ethereum. Могут последовать и другие спотовые крипто-ETF . Комментарии Мартин прозвучали в период крипто-оптимизма в правительстве США. На прошлой неделе Палата представителей США приняла законопроект FIT21. Законопроект разъясняет, как SEC классифицирует криптовалюту, создавая термин «цифровой товар» для цифровых активов. Законопроект направлен на искоренение мошенничества, регулирование криптовалютных бирж и защиту потребителей, одновременно создавая стабильную среду для криптовалюты — по сути, он сообщает, что криптовалюта теперь является проблемой правительства. Недавно Дональд Трамп начал получать пожертвования на предвыборную кампанию в криптовалюте, сигнализируя о более широком охвате отрасли политиками.
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