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ETH $2,252.46 +17.93%
BNB $625.07 +3.89%
XRP $1.09 +9.68%
SOL $84.42 +9.63%
TRX $0.3322 -0.13%
DOGE $0.0743 +6.41%
ADA $0.1823 +4.39%
BCH $210.86 +4.03%
LINK $10.42 +8.43%
HYPE $70.14 +19.83%
AAVE $95.49 +9.10%
SUI $0.6981 +6.50%
XLM $0.1669 +7.71%
ZEC $551.51 +9.38%

DeFiance founder: Many investors are still taking a wait-and-see approach to DeFi tokens, while we are waiting to increase our positions during the pullback

2024-12-07 17:11:37

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong posted on social media, "Many investors are still taking a wait-and-see approach to DeFi, believing that the growth of DeFi is not as fast/strong as other areas (such as meme coins or AI).

However, most mechanisms of DeFi are actually built with reflexivity in the protocols.

Quite a few DeFi tokens have risen 5 times from the lows in September, with sufficient liquidity for anyone to invest large amounts.

I genuinely believe we are just getting started, and the upcoming trend may rise, and we are waiting to increase our positions during the pullbacks."

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