The Bullish and Bearish Scenario of Yearn Finance’s YFI Token
Yearn Finance’s governance token YFI continued its winning spree entering the Thursday session as its price maintained its weekly gains of about 30 percent. The YFI/USD exchange rate surged in the early European session, hitting $31,884 before turning lower due to profit-taking sentiment. That marked the second time in the previous 24 hours that witnessed […]
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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 price has seen some turbulence in the weeks following its intense rally to all-time highs of over $40,000. The governance token for the Yearn ecosystem – YFI – has been largely consolidating in the time since, with both buyers and sellers being unable to spark any sustained trend. This may be due to YFI […]
Yearn Finance’s governance token YFI reached a new milestone on Friday as its price crossed over the $50,000-mark for the first time in history. The gains appeared as Grayscale Investments, a New York-based cryptocurrency management firm, registered an LLC for a prospective Yearn Finance Trust. That prompted traders to raise their bids for YFI, given […]
Yearn.finance’s YFI token has seen some volatility over the past few days and weeks, which has mainly derived from that seen across the entire market. It has been closely mirroring the price action seen by the benchmark cryptocurrency and its other counterparts. Where YFI trends in the mid-term should depend largely on whether or not […]
Yearn.finance’s governance token – YFI – has been subjected to immense volatility throughout the past few days and weeks, which has come about due to conflicts within the community and weakness across the entire DeFi ecosystem. This downtrend that has sent the cryptocurrency from highs of over $40,000 to recent lows of $16,000 came about […]