Yearn.Finance continues to defy all other DeFi tokens and gravity itself with its unstoppable rise to stardom. The crypto token has bounced over 15% from its local bottom, but a fractal playing out could send YFI flying high to another new record. Yearn.Finance Flips Support As Resistance, Readies Another Rally In technical analysis, there isn’t…
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…
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…
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…
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) and other DeFi coins capitulated on Thursday after a 70% correction. Most coins pertaining to this space lost 10-20% in the span of a single day, plunging as Bitcoin sucked all the air out of the room. At the lows, YFI was down some 80% from its $44,000 all-time high, set just two…
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…