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BTC $64,248.03 +1.08%
ETH $1,899.96 -0.02%
BNB $600.91 -0.51%
XRP $0.9974 -0.28%
SOL $76.18 +0.93%
TRX $0.3325 +0.14%
DOGE $0.0698 -0.32%
ADA $0.1732 -0.64%
BCH $203.46 -0.41%
LINK $9.41 -1.49%
HYPE $59.65 +0.45%
AAVE $89.30 +2.98%
SUI $0.6523 -3.60%
XLM $0.1530 -3.21%
ZEC $504.32 -1.43%

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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