(YFI) Drops 10% Despite These 2 Fundamental Trends (YFI) Drops 10% Despite These 2 Fundamental Trends

Despite resilience in the price of Bitcoin, it’s been another brutal day for (YFI) and other DeFi coins. The leading decentralized finance coin, based on Ethereum, has dropped 10% in the past 24 hours. The cryptocurrency currently trades for $20,900, far below its all-time high at $44,000. YFI’s decline comes as other DeFi coins […]

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Ethereum Fractal Predicts (YFI) Will Have a Big 2021’s native token, YFI, is expected to outperform into 2021 due to fundamental and technical trends. A leading crypto-asset analyst recently shared that YFI’s recent price action looks extremely similar to that of Ethereum prior to the cryptocurrency’s major bull run in 2017. This fractal comparison suggests that’s native token will undergo an extreme […] (YFI) is About to Pass a Pivotal Bull Level: Analyst’s native token, YFI, has been on a tear over the past few weeks. Ever since bottoming in October, the cryptocurrency has been in a steep ascent marked by strong fundamental and on-chain trends. First and foremost, the cryptocurrency is being accumulated by top funds in the crypto-asset space. Polychain Capital, for instance, owns nearly […] Founder Andre Cronje Drops Hints About v2 Vaults (YFI), a leading decentralized finance protocol, has been hyping up the launch of its v2 Vaults. While 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 […]

DeFi Carnage: Ethereum Coins Aave,, Uniswap, Synthetix Dive 20%

Top Ethereum-based altcoins are plunging as the price of Bitcoin fails to react positively to the $11,000 resistance. BTC is down 4% in the past 24 hours while Ethereum has shed 8%. Most top altcoins on Ethereum, such as and Aave’s LEND, are down over 20% in the past 24 hours. This move was not unexpected, especially as there are some fundamental trends set to supress DeFi in the medium term. Top Ethereum-Based Coins […]

These 3 Trends Show That Ethereum’s DeFi Space Has Room to Grow

Decentralized finance coins based on Ethereum have undergone strong rejections over recent weeks. Nothing shows this as well as the price action of (YFI), which has almost halved since its highs of $44,000 set just weeks ago. The coin now trades at $24,000 after it faced a series of technical and fundamental challenges that […]