Yearn.finance (YFI) has gone parabolic as a massive short squeeze has taken place. The coin is up over 100% in the span of 36 hours, after falling as low as $7,500 on Thursday morning. YFI currently trades for $16,200 on leading futures exchanges, though it peaked as high as $18,000 just minutes ago. YFI’s rally…
While Ethereum and the rest of the crypto market saw a strong pullback on Wednesday, the DeFi space has continued its ascent to the upside. What is fueling the recent growth in DeFi is a number of product launches and new projects. One such product is Yearn.finance’s (YFI) latest “Vault,” the yETH Vault. This product…
After bouncing just under 60% from its local lows of $12,000 to a local high of $19,000, Yearn.finance (YFI) is returning lower. The leading Ethereum-based coin has dropped by approximately 10% in the past 24 hours, as it currently trades for $16,000 as of this article’s writing. This is still 33% above the local lows.…
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…
The decentralized finance (DeFi) space has seen an extreme correction over the past few days and weeks in spite of a Bitcoin rally. The leading cryptocurrencies pertaining to this space are now down by over 70% from their all-time high (on average) while BTC has gained 30% in the past two weeks. For one, Yearn.finance…
Despite resilience in the price of Bitcoin, it’s been another brutal day for Yearn.finance (YFI) and other DeFi coins. The leading decentralized finance coin, based on Ethereum, has dropped 10% in the past 24 hours. The cryptocurrency currently trades for $20,900, far below its all-time high at $44,000. YFI’s decline comes as other DeFi coins…
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…