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Defi projects are here to stay- Changpeng Zhao

  • Thread starter Thread starter Josemendez
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Josemendez

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The CEO of one of the top cryptocurrency exchange platform , Binance has said on November 17 during an interview with Russia news agency RBC , that the rising of Bitcoin will not mean an end to Defi projects. Infact he believes that Defi projects have potentials to grow amdist the Bitcoin rise
 
DeFi projects were thriving so well when Bitcoin price was lower and stable. Though I agree that they may not end but there will be less attention and investments on them at least for the time being.
 
Niftyyem said:
DeFi projects were thriving so well when Bitcoin price was lower and stable. Though I agree that they may not end but there will be less attention and investments on them at least for the time being.
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Well , I think they won't easily go away considering Defi tokens like uniswap token that is rising gradually
 
Josemendez said:
The CEO of one of the top cryptocurrency exchange platform , Binance has said on November 17 during an interview with Russia news agency RBC , that the rising of Bitcoin will not mean an end to Defi projects. Infact he believes that Defi projects have potentials to grow amdist the Bitcoin rise
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what is it about? What does Defi project mean as far as Cryptocurrency like bitcoin is concerned... Someone who understands this better should please quote my comment and explain to me in such a way that I will understand it as well. Thank you.
 
Well I believe defi projects will come on moving despite the high price of Bitcoin at the moment, the only thing that may happen to the defi projects is that they may get a reduced attention as all eyes will be on Bitcoin due to it's recent increment in its price.
 
Niftyyem said:
DeFi projects were thriving so well when Bitcoin price was lower and stable. Though I agree that they may not end but there will be less attention and investments on them at least for the time being.
Click to expand...
Defi currency has truly been thriving so well truly even with price fluctuation from the last bullish run of bitcoins but there is so much attention on bit coin that makes the defi currency market look invincible.
 
As long as as companies like Binance exist Defi projects will continue to exist. Once these platforms are blocked, there will be no more defi projects, or even crypto currencies.
 
I quite agree and it has been showing this potential ever since. The rise of the DeFi has been sensational in its own right and that's amazing.
A lot of projects have been emerging on this platform.
 
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