DeFi project beginning to sounds ridiculous

[Elijah]

With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?

 

[Armen]

I guess defi projects will be same as the ico projects before, after a year of conquering the market they will slowly get out. Lots of defi projects is being added on cmc day by day but in the end they will leave

 

[Nathaniel]

With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?

I have considered DeFi to be a solution to the banking challenges we have long eexperienced in the banking space and all of its solutions existing on a trustless system gives even more confidence, Hence, the DeFi space is a necessity that must not be overlooked but at the hype the industry currently has on DeFi and also the pumps and dumps ongoing, I am forced to say, not everyone truely understands the DeFi solution approach. People should revisit the DeFi idea in order not to send a wrong message to the world.

 

[King]

I think defi concept is picking up for the time being but whenever any concept is going on then sneaks some bad players and then all goes wrong.

 

[Timofey]

With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?

At least Now Community is asking and talking about how this is happening and what will be the future since something really in question about these projects.

Look at the Graph of Hotdog Coin is that normal ?Jumping High and suddenly falling down so deep?

Maybe some experts may enlighten everyone what this Defi projects really is and what will happen soon.

many speculative says this is likely to happen what ICo did in 2017-18 and others says this is legit,so what is the real score?

 

[Akim]

With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?

what are you expecting ? As long as the project is asking for investment whatever good they promise they are they will failed soon and investors will lost investing in it. They are just using a new ideas to grab new investors that willing to take the risk but if you will look at it carefully its almost the same as what ICO we have before they are just changing the ideas and name of the project they want to offer but its almost the same.

 

[Artyom]

Already many defi projects have sunk to the bottom of which there will be no way to return. when the hype is over there will always be deep pain. only serious projects survive in this fluctuating market.