The recent crypto market has suffered incredible fiat losses, and market experts have speculated that the DeFi bubble has burst. With several top DeFi tokens such as Curve (CRV) and Meta (MTA) losing more than 50% of their crypto value over the past seven days, speculations on whether recovery will be possible have been brought into question.
The only DeFi digital assets that seem to have experienced market price gains are PowerPool (CVP) and SushiSwap (SUSHI). However, even SUSHI experienced a price plummet of its own, after SUSHISWAP founder Chef Nomi liquidated his SUSHI monetary gains for Ether (ETH), sending the token from a price value of around $7 to lows of $2. At the time of writing, SUSHI is trading at $2.37, according to data from CoinMarketCap.
Has the DeFi Bubble Burst?
Has the DeFi Bubble Burst?
Has the DeFi Bubble Burst?
The recent crypto market has suffered incredible fiat losses, and market experts have speculated that the DeFi bubble has burst. With several top DeFi tokens such as Curve (CRV) and Meta (MTA) losing more than 50% of their crypto value over the past seven days, speculations on whether recovery will be possible have been brought into question.
The only DeFi digital assets that seem to have experienced market price gains are PowerPool (CVP) and SushiSwap (SUSHI). However, even SUSHI experienced a price plummet of its own, after SUSHISWAP founder Chef Nomi liquidated his SUSHI monetary gains for Ether (ETH), sending the token from a price value of around $7 to lows of $2. At the time of writing, SUSHI is trading at $2.37, according to data from CoinMarketCap.