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christiancmrg

DeFi tokens are oversold

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Due to a pullback in Yearn finance and Aave this may be indicating that the DeFi market may be oversold.

One truth is that during the past month the cryptocurrency market has had great volatility. At the same time the defi system has been on a huge uptrend as the total value locked on DeFi platforms exceeded USD 10 billion, but very important news such as the unexpected result in the COVID19 test of the President of the United States, Donald Trump, has put greater pressure on the defi market.

 

If a project's TVL is stable and earnings are increasing, a significant price drop probably means extreme caution in the DeFi market. Similarly, Uniswap and Aave posted a sharp drop in their price, while both posted an increase of more than 235% in their revenue.

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9 minutes ago, christiancmrg said:

Due to a pullback in Yearn finance and Aave this may be indicating that the DeFi market may be oversold.

One truth is that during the past month the cryptocurrency market has had great volatility. At the same time the defi system has been on a huge uptrend as the total value locked on DeFi platforms exceeded USD 10 billion, but very important news such as the unexpected result in the COVID19 test of the President of the United States, Donald Trump, has put greater pressure on the defi market.

 

If a project's TVL is stable and earnings are increasing, a significant price drop probably means extreme caution in the DeFi market. Similarly, Uniswap and Aave posted a sharp drop in their price, while both posted an increase of more than 235% in their revenue.

How such an important person can influence markets worldwide both in traditional markets and in the crypto market

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Yes defi projects that offer yield farming for high returns with payment in their own coin often result in fast inflation and fast price decrease. This is what you must watch out for. You are earning off providing liquidity to their exchange. 

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defi tokens will continue to be sold but the market is very bad especially defi sub coins are in deline

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I think not all Defi projects are over sold but majority of them. I smell a big bubble in Defi very soon. what happened to Yam token is likely going to happen to many projects. 

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Are DeFi tokens oversold? Yes! Will it stop anyone from buying? DeFinitely no. Hamsters will push the DeFi market up, even though it’s not in good shape now.

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I can only agree with this.

We are at a point, where you see new projects everyday claiming to yield you thousands of procent in APY.

This can be compared to the 2017 ICO craze.

The hype is driving the Defi space right now, and when we see the next big thing in crypto, we will start to only see legit projects here. I believe it will take some time still.

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The DEFI project seems on trend this year, but infairness, compare to ICO token that are verym rampant 2-3years ago, I have my feelings that Decentralize Financing is reliable rather than ICO project, some of my friend told that this is a good start to financial freedom.

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The defi tokens are too many, and I think their monetary values will rise a lot, currently there are different tokens that could be alsist and will be worth a lot, it is just waiting with time.
Good post greetings.
 

Edited by Michar1
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However, various data points show that the fundamentals of the major DeFi tokens remain strong.

 

In certain, Maker, Uniswap and Aave saw their income increase between 130% and 440% in the last 30 days and this occurred

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On 10/31/2020 at 10:40 AM, Nboramir said:

continued to rise rapidly, and the amount locked on decentralized finance protocols exceeded $ 11 billion, as reported by Cointelegraph. this is a really big number.
 

Yes @Nboramir more than 11 USD billions and really is the big number. Days ago a lot of DeFi project and program did their promotion in offered tokens with high amount of free extra when you buy their token, and also there are some service offer the staking with high interest. So I think this is the reason why DeFi tokens are oversold.

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Well, for reputable DeFi projects like LINK, Aave etc. that might be true but it's to easy to generalize and say that all DeFi Tokens are oversold. There are plenty DeFi Tokens that were only created to ride the hype. Similar to alot of the ICOs that were issued in 2017/18. These kind of tokens will bleed out slowly. There is no real motivation for the ones that created them to actually develop any further.

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We have seen last few months defi coins is trending.Due to rising up Yearn Finance coin price then other defi coins market going up.More people buy or sell defi coins in the market.

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Leaving aside the fact that an overselling is rumored, that is, a bubble in DeFi, the amount of scams that have occurred since the appearance of the UNI token, fake airdrops, duplicate tokens and even exchanges that stole the users, this type of situation scares potential investors, and the announcement of a vaccine also affected prices in general.

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Regardless of this, Producer (MKR), Uniswap (UNI), Yearn.finance (YFI) and other decentralized account tokens (DeFi) saw their qualities plunge in the previous fourteen days. Notwithstanding, different information focuses show that the basics of the major DeFi tokens stay solid. 

In certain, Producer, Uniswap and Aave saw their pay increment somewhere in the range of 130% and 440% over the most recent 30 days and this happened when the costs of their fundamental tokens fell considerably.

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when a new token or coin released in his ico project team sells more coin than actual distirbution ammount because they know some of the users do not remember their purchase and they will earn more money

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hi guys, I know that I ask a lot but tell me how would I learn if not so? what do mean by defi is it a wallet? or a kind of project that gives high interest for depositing your money? I think that whenever there is a large amount of money returns there is a high possibility of a scam. 

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One should necessary in the defi air drob.Its market does not remain the same 

it is sometimes uper and sometimes down

be care full while using it 

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It's really hard to define "oversold", and I think it will mean very differently to everyone.

To me, this is just a correction to the actual size and potential of the market, as we have seen 500% -1000% growth in DeFi tokens in the short term. And I believe that if this correction does not happen, we will face the risk of these projects collapsing.

And I do believe that when this correction is over, some truly potential projects will continue to exist at more APY & affordable prices.

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On 10/5/2020 at 9:06 AM, christiancmrg said:

Similarly, Uniswap and Aave posted a sharp drop in their price, while both posted an increase of more than 235% in their revenue.

Now DeFi markets are experiencing the Cooldown. There was an extreme craze in DeFI and investors were loving to invest in DeFi tokens after noticing the massive volatility in the prices of DeFi tokens. Uni from Uniswap and YFI from Yearn Finance have made the dramatic comeback in the DeFi markets to break so many records. You can check this topic which I have already created in this forum. 

 

 


 

 

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    • Итак. Вы решили подключить на свой сайт платежку и столкнулись с вопросом: какие бывают платежные шлюзы?   Все платежные решения можно разделить на 4 категории. Первые 2 категории достаточно трудны в реализации и их использование может вызвать лишь дополнительные проблемы, но проигнорировать их мы не можем:   Собственная платежная система   Это, пожалуй, самое трудно в реализации решение. Без своей команды разработчиков, которые создадут и будут поддерживать платежную систему, не обойтись. При этом придется разобраться в огромном количестве тонкостей этой сферы. На выходе, попытка сэкономить на комиссии готовых решений обернется еще большими расходами и потерей времени. Подойдет, пожалуй, только для очень крупных компаний со своим штатом разработчиков.       Платежный шлюз от местного банка   Крупные компании, работающие в одном регионе могут смело подключать шлюзы от банков. Если же компания работает в нескольких регионах, такое решение будет не лучшим, так как для каждого региона придется подключать отдельный банк, а это накладно и с точки зрения разработки и с точки зрения времени, потраченного на сбор документов и открытие компаний в каждой стране присутствия.     А вот оставшиеся два варианта – это то, чем пользуются компании из разных стран и работающие в разных направлениях: от сервисов по приему СМС и продаже цифровых товаров, до крупных Gambling и Betting-компаний, которым нужно быстро и четко обрабатывать платежи из разных стран.     Внешний шлюз   Отличное решение для компаний, которые работают в нескольких регионах, либо по какой-то другой причине не могут, или не хотят подключать шлюз от банков. Именно это решение в последние годы использует большинство представителей мелкого, среднего и даже крупного бизнеса. Оно наиболее простое и подключить такое решение можно в считанные дни.       Встроенный по API шлюз   Второе по популярности решение. Оно смотрится максимально органично для покупателя, ведь все действия будут происходить в рамках одного сайта, без лишних редиректов. Но в данном решении продавцу придется самостоятельно разработать страницу для приема платежей, подключить обработку платежей через API платежного сервиса, а также позаботиться о сохранности платежных данных, если они будут собираться в рамках выбранного платежного метода.     Кстати, оба варианта доступны в процессинговом сервисе MoneyGate. Подробнее на сайте: Moneygate.biz
    • CryptoNews of the Week     – The Republican candidate for the upcoming US elections, Donald Trump, has declared his intention to become the "cryptocurrency president." Speaking in San Francisco, he presented himself as a defender of digital assets and criticized Democrats' attempts to regulate the industry. According to Reuters, Trump raised $12 million for his campaign at an event for venture capitalists from Silicon Valley, organized by Chamath Palihapitiya and David Sacks at Sacks' mansion in the Pacific Heights area. Media reports indicate that executives from the crypto exchange Coinbase, the founders of the Gemini trading platform, Cameron and Tyler Winklevoss, and other industry representatives were present at the event. Intercom CEO Eoghan McCabe shared on X about his participation: "I spoke with six people there. None identified as Republicans. All had voted for or donated to Democrats in the past. Now they support this guy [Trump] for his policies on war, immigration, cryptocurrency, and more. These elections are a referendum on these issues."   – The attitude towards cryptocurrencies will be a key difference between the candidates for the US presidency, Donald Trump and Joe Biden, though neither understands the topic. Billionaire Mark Cuban stated this: "Do you really think [Trump] understands anything about cryptography beyond making money from selling NFTs? Neither candidate understands. But I've often said that Biden will have to choose between [SEC Chairman] Gary Gensler and crypto voters, or it could cost him the White House."  Discussing the upcoming elections on X, ASI crypto-lawyer Preston Byrne noted that Trump's crypto policy is "actually very substantial and well thought out, while Biden's approach is insane and punitive."   – The "Intelligence Authorization Act for Fiscal Year 2025" was submitted to the US Senate on 3 June 2024. On 5 June, Senator Mark Warner's strategic amendment to this bill was published on the social network X, granting the US president new broad powers. This allows the president to "prohibit any transactions between any person under US jurisdiction and foreign intermediaries in digital asset transactions."  Financial lawyer Scott Johnsson criticized the law due to its wide scope. He sees it as an attempt to control digital assets under the guise of fighting terrorism, as the amendments added by Warner are borrowed from the Anti-Terrorism Financing Act.   – Late in the evening (CET) on 12 June, the FOMC (Federal Open Market Committee) of the US Federal Reserve will decide on the dollar interest rate. Historically, such decisions have always significantly impacted bitcoin's price. In this regard, ChatGPT-4o AI was tasked with forecasting BTC's price based on technical analysis and financial analysts' assumptions.  According to the AI, bitcoin will trade in the $68,000-73,000 range. However, a rate cut or hints of an upcoming reduction could push BTC beyond this range. In this unlikely economic scenario, ChatGPT-4o predicts the leading cryptocurrency will trade between $73,000 and $75,000 or higher.   – Over the past few days, the crypto market leader has lost nearly 10% in value. Many experts believe this is due to investors' concerns that US inflation will remain high for a long time. Under such conditions, a quick easing of the Federal Reserve's monetary policy is unlikely. Enthusiasm was also dampened by the fact that spot bitcoin ETFs broke a 19-day streak of investment inflows. On 11 June alone, industry funds lost nearly $65 million. MN Capital founder and analyst Michaël van de Poppe noted that investors are acting more cautiously ahead of the FOMC meeting on 12 June. He does not rule out that seller pressure will persist in the near term. Under such conditions, bitcoin could correct to $65,000. However, van de Poppe does not expect a deep price drop, as significant liquidity is concentrated around the $60,000 mark, indicating strong support, and positive dynamics could be supported by geopolitical instability.   – Traders note that "digital gold" has recently been trading within a narrow range of $66,000 to $72,000. One popular market participant considers the lower boundary an ideal entry point, while entry at the upper boundary carries high risk.  Despite recommended caution, over 70% of the crypto community participants in several surveys believe BTC is on the verge of continued growth. For example, a trader nicknamed Captain Faibik is confident that bitcoin is preparing to break out of the "expanding wedge" technical analysis pattern. Breaking above its upper boundary, in his opinion, will open the way for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer.  Community participants also point to the activity of large investors as a sign of BTC's growth potential. Whales, according to crypto industry representatives, are actively taking long positions in bitcoin. Cryptoquant CEO Ki Young Ju noted that the $69,000 level has become particularly attractive for large investors.   – By the end of 2024, the first cryptocurrency will be worth between $125,000 and $135,000, according to BitGo CEO Mike Belshe. He believes that one of the catalysts for bitcoin's growth will be the high level of US national debt. "Our macroeconomic climate continues to confirm the necessity of bitcoin. Without a doubt, the US national debt is out of control. […] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.  He also noted that the US dollar is losing its position as the world's reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a tool for manipulation. "Thus, the US national debt crisis is one thing, foreign policy and sanctions control is another. And BRICS is providing alternative payment systems. […] This is the story of why bitcoin exists," he concluded.   – The new Binance CEO Richard Teng, who succeeded Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the launch of spot BTC-ETFs traded on stock exchanges. This has strengthened trust in the asset, and retail traders and institutions no longer perceive it as risky. The Binance CEO also suggests that cryptocurrency legalization is possible if Donald Trump is elected president of the United States. Declaring himself a "crypto president," Trump stated in May that the US should lead the global crypto industry.   – The self-proclaimed first resident of Bitcoin City, American Corbin Keegan, left El Salvador without seeing his dream city begin to take shape. In November 2021, El Salvador's President Nayib Bukele announced plans to establish a crypto settlement. Upon hearing this news, Keegan left Chicago and headed to the South American country to become Bitcoin City's first resident. However, his patience eventually ran out, and he returned home.  The project's implementation was likely frozen due to a lack of funding. Bukele wanted to raise the necessary funds through the sale of "Volcano Bonds." These securities were planned for release in Q1 this year, but for various reasons, they did not see the light of day. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Cardano Node 9.0 будет запущен в июне и подготовит платформу к форку Chang   Cardano Node 9.0 будет запущен в июне. Это обновление подготовит платформу блокчейна к долгожданному форку Chang. Основатель Cardano Чарльз Хоскинсон сообщил об этом событии на X. Хоскинсон отметил, что хардфорк может произойти после того, как 70% операторов стейкингового пула (SPO) установят новый узел. Это приведет Cardano в эпоху Вольтера, ознаменовав состояние полной децентрализации — огромную веху для сети и всей индустрии блокчейнов. Хоскинсон назвал это самым значимым событием в истории Cardano.   Хоскинсон описал путь развития за последнее десятилетие, заявив, что создание Cardano было похоже на строительство нации. Он выразил гордость за сообщество и оптимизм на будущее. Хоскинсон считает, что Cardano дает надежду отрасли и всему миру, и призвал всех оказать значительное влияние в следующем десятилетии. Три дня назад основатель прокомментировал несоответствие между восприятием СМИ и реальным прогрессом Cardano. Он раскритиковал криптовалютные СМИ за непризнание достижений Cardano.
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