Yearn.finance (YFI) On “Life Alert” After Weak Attempt To Hold Support
Yearn.Finance (YFI) had such an abrupt rise to fame, now that momentum has changed, the plunge could be equally as dramatic. Thus far, any attempt to hold above support has been weak, says one crypto analyst. They also claim that YFI is currently on “life alert” and in danger of a much more drastic fall […]
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Yearn.finance (YFI) underwent a strong bounce on Friday after the coin hit multi-week lows of $9,800. The cryptocurrency surged around 20% from $9,800 to $11,900 over the span of eight hours. But unfortunately for buyers of the cryptocurrency, it has continued to decline. Yearn.finance’s governance token currently trades for $10,500, failing to hold the aforementioned […]
Yearn.finance (YFI) has continued to plunge lower despite strength in the Bitcoin price. While BTC crossed above $14,000 once again on Tuesday, the price of the popular altcoin plunged toward $9,000. As of this article’s writing, YFI is down 7.5% in the past 24 hours and currently trades for $9,300, which are multi-month lows. Analysts […]
No traders may want to purchase Yearn Finance (YFI) after it plunges below $12,000, according to an independent analyst. The pseudonymous entity said in a tweet on Wednesday that the Yearn Finance’s native token “is dead” if it fails to hold above the said support level. In a separate tweet, he published an outlook that […]
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and the native token YFI has been a hot topic during the latter half of 2020. This is because the YFI token went from an all-time low of $739 on July 21, 2020, to reaching an ATH of $43k on September 12. In between that time, YFI saw a....
Yearn.finance (YFI), a leading decentralized finance protocol, has been hyping up the launch of its v2 Vaults. While Yearn.finance is an umbrella DeFi ecosystem, it is currently best known for its Vaults product. Vaults are contracts where users can deposit cryptocurrencies such as Ethereum, USDC, YFI, and others to earn a regular yield paid in […]