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Defi trending beyond expectations

  • Thread starter Thread starter Josemendez
  • Start date Start date

Josemendez

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The first time the Defi project was revealed , there was a lot of positive feedbacks , and many investors backing the project because of the future in it , However the hype on Defi seems to be declining , perhaps due to these reasons

1. Scammers using Defi projects to scam people .
During the time Defi projects were introduced , many scammers through presale of Defi tokens scammed a lot of investors , this action changed the attitude of investors towards Defi .

2. The effect of top coins like Bitcoin on Defi projects.

What is your take on declining in Defi investors ?
 
I think the major reason why there is a lot of shift in the trend of defi project is because most people have given up on the viability of the so-called defi project and they have made it a point of view to only invest in cryptocurrency projects that they know and trust.
 
This defi project has been used by scammers to actually scam people of their hard earned money in recent times truely. I had once joined a project of defi and they requested me to send them money in ethereum before they can send my airdrop. Funny
 
I do not think Defi investment is declining, in fact we can see a proliferation of Defi. Defi has prompted the creation of various decentralized financial services like decentralized exchange, decentralized money markets, etc.
 
Defi, projects should have been one if the best investment because they have a promising project compare to most altscoin. But Scam still exist due to its flexibility...
 
Defi project is actually a good structure to look into in the crypto currency exchange Business. The only thing that's making people to overlook it now is that some people use it as a means to scam others
 
There are so many coins in the market these days and some of them just disappear before you know it. I have been seeing so much information about this coin lately but I don't really know if one can really trust it. I think I will need to still gather more information on it. Thanks for sharing though.
There are so many coins in the market these days and some of them just disappear before you know it. I have been seeing so much information about this coin lately but I don't really know if one can really trust it. I think I will need to still gather more information on it. Thanks for sharing though.
 
A lot of investors are taking to this system especially the aspect of staking - this has been so profitable and I'm going to key into it as well.
Investors keep trooping in because some of the ecosystems here are resistant to Bitcoin fluctuations.
 
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