Yearn.finance’s YFI token has been surprisingly strong throughout the past few days, with its price holding well-within the mid-$20,000 region despite the selloff currently taking place across the aggregated crypto market. When Bitcoin was first rejected at $19,500 and began its decline, YFI moved in tandem and dropped to $18,000. The narrative built throughout the…
Yearn.finance (YFI) has begun to outperform despite weakness in small-cap altcoins. The leading cryptocurrency has rocketed higher 25% from the daily lows of $7,500 and now trades for $9,500 per coin. In the past 24 hours, YFI has gained 12.5%, outperforming a majority of the crypto-assets in the top 100 by market capitalization. Related Reading:…
Yearn.finance’s native token, YFI, has been on a tear over the past few weeks. Ever since bottoming in October, the cryptocurrency has been in a steep ascent marked by strong fundamental and on-chain trends. First and foremost, the cryptocurrency is being accumulated by top funds in the crypto-asset space. Polychain Capital, for instance, owns nearly…
An overnight pump that pushed popular decentralized finance token, YFI, up by 23 percent, has entered a bull trap. The Yearn Finance governance cryptocurrency fell 10 percent this Friday from its intraday top at $36,043. Its plunge appeared as a part of formal downside correction that typically follows price rallies. Traders apprehensively bought spot YFI…
Yearn.finance’s YFI token has been subjected to immense volatility throughout the past few days, with its price plunging to lows of $7,500 before seeing one of the most intense short squeezes ever. Within hours of tapping these lows, a sudden influx of buy-side pressure sent it rocketing to highs of $18,000, marking a well-over 100%…
The DeFi sector is rallying today, with Yearn.finance’s YFI governance token leading this move with a massive rally that first came about yesterday after the crypto nosedived to lows of $7,500. The support at this level was significant. After tapping this liquidity region, the rally seen catalyzed a cascade of liquidations of YFI short positions…
Yearn.Finance (YFI) has stolen the attention away from most other DeFi tokens, Ethereum, and Bitcoin thanks to an amazing run where tens of thousands per coin in value were added. But the Ethereum-based ERC20 token has recently broken below and is now retesting the neckline of a massive head and shoulders pattern. If the altcoin…
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…
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…
Yearn.finance’s YFI token is surprisingly resilient today despite the turbulence throughout the aggregated crypto market. While Bitcoin is plunging lower, most of the DeFi sector is actually up today. The break of this sector’s recent multi-month downtrend came about following a series of massive short squeezes seen by the blue-chip DeFi assets like YFI, SNX,…