How The Crypto Winter Has Impacted The DeFi Sector
The crypto market trends to the downside as major assets are unable to break above local resistance. As per usual, the dominant trend picks winners and losers and unfortunately, the altcoin markets have been amongst the latter. Related Reading | As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market In particular, decentralized finance (DeFi) protocols have been severely impacted by the crypto downtrend. Some of the most popular protocols in the Ethereum DeFi sector, perhaps the biggest ecosystem in the space, record as much as 92% in losses. Jack Niewold,....
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Don't even think of using the term "DeFi winter," because DeFi might be hotter than last year's summer of DeFi.
While CoinMarketCap was acquired by Binance during post-2017 crypto winter, the current bear market is not the right time to sell CoinGecko, its COO said. Major cryptocurrency tracking website CoinGecko is open to acquisitions, but not right now, according to a co-founder of the platform.CoinGecko has been hit by the current crypto bear market, but the firm is far from selling off, CoinGecko chief operating officer Bobby Ong told Cointelegraph.Ong believes that all crypto-related companies are affected by the cyclical nature of the industry as they usually do well during bull runs and....
A number of decentralized finance (DeFi) applications and their communities are vying for protection from a wave of liquidations as a result of the record-breaking collapse in cryptocurrencies, sometimes by taking unheard-of actions. DeFi Staggers In The Winter Even if the crypto market’s lending problem caused a gloomy period this past week, the DeFi ecosystem […]
As the first and primary cryptocurrency to exist, Bitcoin has witnessed different reactions and predictions in the industry. Its advancement over the past years has been above the growth of conventional assets. However, the recent bearish trend in the crypto market this year created doubts about the future of the token. Recently, the Chief Economic Adviser at Allianz, Mohamed El-Erian, disclosed his opinion on the potential future of BTC. According to him, the leading crypto asset will become a global reserve currency, but its price will not reach the $100,000 level. Related Reading:....
A look at how DeFi protocols have fared during the recent bear market and the importance of continuing to build during market downturns. Decentralized finance (DeFi) has been one of the fastest-growing sectors in the crypto space since its emergence in 2018. However, like many other sectors, DeFi has seen a negative impact in the current bear market.While 2022's downturn has taken its toll many DeFi projects — and the cryptocurrency space in general — some continue to build.Bear markets, while difficult for investors, can spark game-changing breakthroughs in the industry, and a new era of....