I don’t know what you’re going to call this, bear market, crash, dip, or whatever, this doesn’t change the fact that the market is having some really bad days at the moment. This is why some investors at the moment decided to do a straight move to altcoins, considering that some of these are going to be recovering in and fulfilling big potential once the market goes back to green.
But the question is when is this going to happen? I really hope that everything goes back to normal in the near future. Honestly a market correction was going to happen no matter what, so this dip was actually inevitable.
However, when it comes to DeFi, I believe that this sector is one of the cryptocurrency’s most powerful spaces. If we wanna talk about statistics, we can easily say that 2021 was one of DeFi’s best years as it was able to make some really big growth in terms of market capitalization. This is why I believe that the space of decentralized finance is going to be among the spaces to recover the fastest when the market goes back to the right track.
I believe that we’re still far from the best though. Obviously there still is a lot of potential to fulfill, and DeFi will keep growing, especially that now it’s attracting the attention of huge entities, like BitDAO for example. The recently crowned larges crypto treasury is one of the biggest investors in DeFi.
If we’ve got such projects and entities financing DeFi as an industry and pushing it forward, than definitely the future is promising.