When its developer Andre Cronje first founded Yearn.Finance, Yearn Finance used the terms “worthless” and “offer token” for the YFI coin.. Cronje was aiming for the YFI coin to be traded as a voting token and therefore have zero value.. However, at this point, it is even possible to come across estimates that the value of YFI coin will increase to $100,000.
YFI coin technical analysis, February 12
Yearn Fiance YFI token, Grayscale ‘s YFI Trust is on the rise after funding announcement.
Let’s just say that Grayscale currently manages 37 different cryptocurrency trust funds.. Many of these cryptocurrencies did not show such an upward performance during the launch period..
Therefore, the launch of Grayscale alone has no effect on the rise of YFI. YFI started the day at $36,000 yesterday, YFI coin rose up to $48230 during the day. YFI coin targets $53,500.
In addition to the YFI coin price increase, the number of Yearn Finance addresses has increased at a rate comparable to the Aave and Uniswap DeFi protocols..
YFI grows in popularity
YFI was one of the most popular DeFi tokens from summer 2020. With the launch of Grayscale, the YFI acceleration has increased the popularity of the token again.
YFI has recently increased the number of offerings by issuing new tokens to the market. It is seen that this development has a positive effect on the price..
YFI token support levels are seen to be in the range of 30,500-31,500 dollars. YFI token price could hit $50,000 with an uptrend above $47,000. At this point, YFI token may be the first token to reach $50,000 before Bitcoin..
Live YFI coin price: $ 7,453.10
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YFI coin technical analysis, 20.1.2021: Is YFI coin breaking a record? ?
Yearn.Finance YFI coin has been following a descending resistance line since it hit an all-time high of $43,966 on September 12, 2020. After three failed attempts, YFI managed to hit a local high of $39,939 on January 7.. It is currently in an effort to approach the $42,500 resistance.
Technical indicators are relatively bullish.. Both the MACD and the Stochastic oscillator are up, but the daily RSI has created a bearish bias which could initiate a correction. Therefore, it is necessary to look at lower timeframes to better determine the direction of the next move.
Potential double-peak pattern
The six-hour chart shows a potential double top pattern near $38,000.. Similar to the daily timeline chart, the double top is combined with the bearish bias on the RSI and MACD.
YFI is also currently following an ascending support line at $34,000. A drop towards this support line could return YFI to the 0.618 Fib retracement level at $28,000..
YFI Wave number
A crypto analyst, YFI’s 4. released a chart that shows it’s on the wave.
While YFI has already hit a new local high, the move from the bottoms doesn’t look impulsive. Therefore, YFI still has a triangular shape.. wave (indicated in orange in the graph below). This also fits the potential drop from a double top.
If the wave calculation is correct, the preliminary target will be around $43,500. 4. when the wave is complete it is possible to give a more accurate estimate. The lower wave number of the triangle is shown in black.
At this time, Yearn Finance (YFI) is expected to make another attempt to hit an all-time high, before the upside move continues. There may also be a short-term decline.
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October 19 Yearn Finance YFI technical analysis
Yearn Finance YFI has undoubtedly been the most popular token in the DeFi space since its inception. it comes out on our eyebrows. The token gained its popularity with an incredible rise in a small time frame.. However, the YFI token fell to $12,500 after peaking at $40,000, upsetting its investor.. The coin is currently around $15,000 and can be said to be in the correction phase.
YFI token has increased by close to 4% in the last 24 hours (at the time of writing) reaching $14,760.. The 24-hour trading volume of the token has also increased significantly compared to the last few days (at the time of writing), exceeding $2.4 billion.
It is possible to observe that the selling pressure on the YFI token has decreased.. It would not be wrong to expect a price increase in the near future.
We must say that there has been an increase in MKR and UMA coins, apart from these three tokens.. UMA and MKR tokens increased by 15.16% and 2.07% respectively.
Finally, let’s say that the DeFi domain’s Market Cap has increased by approximately 10.43%, a jump of $12.36 billion in the last 24 hours.
Yearn Finance YFI coin why? How does YFI work, how to get it?
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Yearn Finance YFI technical analysis, September
Even though its developer said it has no value, YFI coin has exceeded expectations and has become the new king of the crypto world, increasing by up to 3500% in the last two months.. YFI coin rose from under $1000 in mid-July 2020 to $40,000 in August. This sudden rise was temporary, but YFI found its place in the $31000 band. YFI’s spike from $1,000 to $40,000 was enough to get it into the TradingView menu as well.. YFI coin had a turbulent September and closed the month at $22,000.
Who developed the YFI coin?
Andre Cronje developed.
What is Yearn Finance?
An interface on the Yearn Finance DeFi platform that simplifies the use of complex DeFi, especially for new users. The Yearn Finance system automatically calculates the income and transaction fees you will earn from the project you are in.. You can also move your assets to different liquidity pools with the YFI token..
Where to buy YFI coin?
You can find a crypto exchange with REN support. Undoubtedly the most popular of these is Binance.
Open an account on Binance and deposit.
Research the YFI market and exchange YFI for a suitable crypto coin. So if the YFI/BTC market suits you, you should have BTC.
Currently, decentralized exchanges seem to be the most suitable YFI coin buying points..
How to store YFI coin?
ERC-20 token YFI can be stored in wallets that support Ethereum, such as Keepkey, Ledger or Trezor. Those who prefer an online wallet can use Coinomi (mobile), Exodus Wallet, or Atomic Wallet.