Here are 4 Factors Signaling Yearn.finance (YFI) Remains Bullish
Yearn.finance’s YFI governance token has been struck hard by multiple bearish developments as of late, with the cryptocurrency’s price reeling down towards where it was trading at before its parabolic move to highs of $40,000. The intensity of this decline has come about as a result of a confluence of factors surrounding its fragmented community […]
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Yearn.finance (YFI) took a strong hit around 24 hours ago when a yet-to-launch project related to protocol experienced a bug. For those that don’t know, Andre Cronje, founder of Yearn.finance, deployed a series of new contracts relating to a new, still-to-launch game called Eminence Finance. Eminence is slated to be an Ethereum-based card game with […]
Yearn.finance used to be the darling of the DeFi sector, with investors pouring massive sums of capital into the YFI token while largely looking towards it to become one of the largest and most widely used platforms within the decentralized finance ecosystem. The sentiment surrounding the Yearn project began to shift a few weeks ago, […]
Yearn.finance’s price action has been far from bullish over the past few weeks, with bears aggressively selling into each price pump as buyers continue struggling to gain any traction. There are many different factors behind this descent, including a downturn seen across the aggregated DeFi space, a fractured community, and founder risk that is growing […]
Yearn.finance’s price has been caught within the throes of an intense downtrend throughout the past week, which came about due to various factors. The weakness seen throughout the aggregated DeFi sector certainly contributed to the decline Yearn.finance’s governance token – called YFI – has seen as of late, but it appears to have been sparked […]
Yearn Finance’s governance token YFI plunged Wednesday as traders secured their short-term profits from its supersonic rally. The YFI/USD exchange rate dropped 4.34 percent to $22,915 after forming a 47-day high near $25,000. The descent also came as a part of a downside correction that typically appears after every bullish move in an uptrend. YFI […]