Yield farming project Yearn.Finance is trading at a high price. So what’s the next stop?
Yearn Finance (YFI) reaches a $1,000,000,000 market cap!
Yearn Finance reached a market capitalization over 1 Billion US Dollars, with the price of a single YFI token reaching a high of $34,017 at a market capitalization of $1,019,325,762. With this, Yearn Finance’s YFI token reached a valuation multiple times higher than that of Bitcoin!
Yearn Finance (YFI) on rank 26 on Coinmarletcap!
With a current market capitalization around $750 Million, Yearn Finance now occupies rank 26 on Coinmarketcap. At the moment, Yearn Finance’s YFI could be getting ready for yet another rally!
Yearn Finance (YFI) Price Forecast – Will the price bounce at the golden ratio?
After all, the YFI price reached the golden ratio support around ±$22,000, after which the price already bounced up by about 16%! Currently, the yearn.finance (YFI) price has the chance to rise by another 15% before it reaches resistance. Around ±$29,000 lies the 0.382 Fib level, which acts as a significant resistance. Shouls the YFI price break this resistance as well, it could go back to its all time high at $40,000.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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