DeFiance Founder: Many investors are still watching DeFi tokens, and we are waiting for a pullback to increase our position
On December 7, Arthur Cheong, founder and CEO of DeFiance Capital, posted on social media saying, "Many investors are still watching DeFi. They think the growth of DeFi is not as fast/strong as other areas (such as Meme coins or AI).
However, most mechanisms of DeFi actually have reflexivity built into the protocol.
Quite a lot of DeFi tokens have risen fivefold from their lows in September with sufficient liquidity that anyone can invest large amounts of money.
I sincerely believe we're just getting started. The trend may rise next and we are waiting to add positions during the pullback."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
The Hyperliquid team wallet has unstaked 2.6 million HYPE and conducted small-scale selling and transfer tests.
Trending news
MoreCrypto prices
More
