The DeFi trend is finally dying down, and it has left even the once hottest and most hyped coins reeling in the wake. Yearn.Finance, for example, was once trading at over $40,000 and four times the price of Bitcoin. Now, it could be headed for just half a BTC per YFI token, where one career…
Yearn.finance (YFI) has undergone a strong retracement over the past few weeks and months despite fundamental strength in DeFi. The price of the leading Ethereum-based coin has crashed from its $44,000 all-time high set at the end of August to $10,200 now. This means that the asset has slid over 76% from its all-time high.…
Since the summer peak of the DeFi explosion, top Ethereum-based tokens from the space have dumped considerably due to becoming overvalued too quickly, and Bitcoin suddenly stealing up any flowing capital share. But while this happened, the total USD value locked in DeFi applications continued to climb right along as if nothing ever happened. Is…
Curve and yearn.finance are among the few decentralized finance projects that have interesting yield farming products to offer. Their volumes have shot upwards due to consistent community involvement. Nevertheless, the price of their governance tokens is reflecting the boom. Anil Lulla, co-founder/COO of Delphi Digital – a New York-based digital asset research firm, attempted to…
Yearn.finance’s YFI has been one of the most volatile crypto assets of recent days. According to data from TradingView, the coin has traded in an $8,000 range over the past four days. After declining from the $19,000 local highs, the cryptocurrency recently underwent a 15% bounce at $15,000 that brought it just shy of $18,000.…
Decentralized finance (DeFi) tokens, including Chainlink (LINK), Yearn.finance (YFI), and Aave (LEND) strongly recovered after a prolonged slump. At its monthly low, YFI declined by nearly 64% in the past 11 days. Similarly, DeFi giants like Chainlink declined by 45% at the monthly low since mid-September. The 1-hour chart of Yearn.finance (YFI). Source: YFIUSD on…
Yearn.finance (YFI) has been under pressure over the past few weeks. The leading Ethereum-based coin has dropped dramatically from its $44,000 all-time high set around six weeks ago to a local low of $12,000 just 12 hours ago as of this article’s writing. The coin is up approximately 20% in the past 24 hours as…
YFI crashed towards $12,000 on Thursday and unconfirmed evidence shows that Sam Bankman-Fried was behind the plunge. A Weibo-based profile, operating under the pseudonym of “Crypto Apprentice,” published a string of screenshots that connected the FTX crypto exchange CEO with the YFI’s massive price meltdown. Per the images, Mr. Bankman-Fried deposited FTX’s native token FTT…
It’s been a tough past few weeks for the DeFi market, especially for coins like Yearn.finance’s YFI token and the Curve DAO Token. Since setting its all-time high price of $44,000, YFI has corrected by 70%, falling as low as $14,000 earlier today. An analyst that predicted the latest leg of the correction fears that…
Timing when to buy in crypto or any market is a difficult task. Eager DeFi investors learned this the hard way if they rushed to buy Yearn.Finance (YFI) the moment it was listed on Coinbase. From that moment on, its been almost nothing but downside since, leaving anyone who bought that “top” with a $25K…