During the long holiday of November, everyone had fun, but the currency market was not peaceful, and the DeFi currency fell horribly throughout the holiday. The early gains are more joyful, the later the fall will be as miserable, but overall, the entire market is still rising steadily compared to the early period. Even if some currencies are cut in half, they still have a 10 times increase compared with the previous period.
At present, the popularity of the DeFi sector has decreased, and the market will soon find new hot spots, and major sectors will rotate. Of course, the sector rotation is actually a commonality between the traditional financial market and the encrypted asset market. Driven by the leading assets, the market pays attention to its peers or upstream and downstream, thereby bringing continuous capital inflows and forming a general rise in this type of asset.
Take the DeFi sector that broke out this year as an example. In fact, the decentralized exchange DEX has been expecting high since 2017, but its performance has been generally sluggish. Until this year, with the outbreak of the lending agreement MakerDAO, the market began to rotate, asset issuance (Synthetix), loan agreement (Compound, dForce), oracles (Link, Nest), liquidity market making (YFI, Sushi) began one after another Active, and its underlying asset, ETH, has also passed the test, the price has doubled from 240 US dollars to 488 US dollars!
And the prices of various types of DeFi assets built on ETH have also taken off all the way, and there are many myths of getting rich: link has soared from early April to mid-August, once it has doubled by 10 times; YFI has risen from 778.25 US on July 21 The knives soared to a maximum of 41,772.67 US dollars. It only took 42 days to turn it over 53 times!
On the evening of September 15th, Binance Smart Chain launched three DeFi projects in one go. Although a large number of “liquid miners” keen to find top mines swarmed, these projects still plunged collectively. It has to be said that although there are so many DeFi projects now that people are dazzling, the gameplay is roughly similar, which has caused aesthetic fatigue.
When this wave of DeFi has just arrived, everyone is still full of curiosity, and each project has its own characteristics. But with more and more projects appearing and more and more investors pouring in, among DeFi projects, there is either a fork or a doll. But the problem is that in the FOMO mood, everyone swarms in, just digging and selling, then the final result must be faster than who leaves the market. So two months ago, the top mine of the DeFi project might not be popular until half a month later. And two weeks ago, the first mine was not fragrant after a day. So far, the first mine is not fragrant after 1 hour.
So what hotspot relay will come next? For ordinary investors, it is time for the enthusiasm of DeFi to change, and more attention should be paid to the next potential explosion-the storage sector.
When it comes to the storage sector, I have to mention Filecoin, as the first absolute leading asset with real scale and practical value in the blockchain industry, it has been appetizing the world for 3 years since 2017. With the approach of the mainnet launch this year, the old currencies of the entire storage sector have also risen one after another. As an investor, you can also begin to appropriately deploy the currency of this sector. Here Morecoin also screens several storage sector value currencies in advance for investors, such as SC, STORJ, FIL, AR, OCEAN, etc.
But trading is a cruel zero-sum game. What should you do when you don't have time to study the market, but want to seize the hot spots of the market to obtain higher returns? As a one-stop digital asset financial service platform, Morecoin provides a variety of selected strategies to help investors steadily seize market hotspots.
1. Help users build a diversified and risk-diversified investment portfolio
2. Help users capture market signals and adjust positions in time
3. Continue to update and iterate to keep up with the innovation trend of the cryptocurrency market
4. Provide users with flexible and transparent encrypted asset management configuration
In fact, most investors in the current crypto asset market are retail investors. When choosing a currency, they are often affected by emotions and various news, leading to capital losses. Originally buying low and selling high, it turned into buying high and selling low. Therefore, Morecoin's selection strategy can well help investors solve such problems, establish a reasonably diversified investment portfolio, avoid explosions and collapses, and obtain stable returns.
If you are still hesitating to choose the investment target, you might as well come to Morecoin (www.morecoin.com)!