Yearn.finance (YFI) Faces Drop to $9,000 as Technicals Remain Weak
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 […]
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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 […]
Yearn.finance’s embattled YFI governance token has been caught within a relentless downturn as of late that has been induced by immense sell-side pressure, a fragmented community and declining protocol value. The culmination of these various bearish factors has led analysts to expect significantly further downside in the near-term. One trader is now noting that a […]
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) has been one of the worst-performing assets over the past few weeks. As this outlet has reported, the coin has plunged in excess of 70% from its all-time high, as it reached lows of $12,000 after peaking at $44,000 just weeks ago. Sam Bankman-Fried, CEO of FTX, pinned the drop to three trends: […]
The decentralized finance (DeFi) space has seen an extreme correction over the past few days and weeks in spite of a Bitcoin rally. The leading cryptocurrencies pertaining to this space are now down by over 70% from their all-time high (on average) while BTC has gained 30% in the past two weeks. For one, Yearn.finance […]