Yearn.finance (YFI) Faces a Meltdown as Analysts Eye Decline to $7,500
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 […]
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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 […]
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 YFI token saw a sharp capitulatory decline overnight that caused it to post some massive losses. This decline briefly sent it below $10,000, which is a level that had not been broken below since weeks before its parabolic move to $45,000 started. This decline has come about amidst a capitulatory bout of panic selling […]
Yearn.finance’s YFI governance token was previously the darling of DeFi, providing investors with massive returns while also becoming a benchmark of the entire sector. Recent turbulence within the community, coupled with the downturn seen across the aggregated DeFi space, has caused YFI’s price to collapse from its recent highs, with bulls ardently attempting to stop […]
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 […]