Yearn Finance runs on the Ethereum and Fantom blockchains. Yearn Finance’s goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders. Launched in February 2020, the service, formerly known as iEarn, has seen huge growth as new products debuted and developers released the in-house token YFI. It uses automation to allow investors to maximize profits from yield farming. The FOMO surrounding YFI might just ruin that perfect set up to short to a previous all-time high.Īs with all analyses of DeFi tokens such as Yearn Finance, traders and investors are requested to use adequate stop losses and low leverage when trading YFI on the various derivatives platforms.Yearn Finance is an aggregator service for decentralized finance (DeFi) investors. However, traders and investors considering longing Yearn Finance at its current levels should do so knowing they stand to lose their capital should YFI correct hard. Given the popularity of DeFi in the past 3 months, Mr. The impressive momentum of Yearn Finance has resulted in the Co-Founder and CEO of Bitmex, Arthur Hayes, predicting that YFI can go as high as $100,000.įurther checking the charts, Yearn Finance is clearly in a parabolic move and there is no telling where the exact top will be. This is after it posted two previous peak values of $27,154 and $32,843 within the same 24-hour time period. Yearn Finance (YFI) has once again posted an all-time high value of $39,000 – Poloniex rate. Short term support zones can be found at previous all-time highs: $27,000, $23,400, $19,400.Yearn Finance’s price is above all the moving averages: 50 MA, 100 MA and 200 MA.The 4-hour MFI is high at 100.52 further hinting towards a pullback.4-hour MACD is overextended pointing towards the possibility of a pullback or sideways.YFI’s value currently stands at $33,100 signifying a 3,455% increment in value in roughly a month.When listed, YFI opened trading at $931 on Poloniex.YFI’s data on Poloniex goes back to as far as 21st July providing the first warning sign that YFI is very new.Poloniex seems to be the only crypto-exchange with a long enough price history of Yearn Finance (YFI).To get a feel of what the future holds for Yearn Finance (YFI), the 4-hour YFI/USDT chart will be used.įrom the 4-hour chart, the following can be observed.
For the better part of August, LINK’s price kept traders and investors on their feet wondering if it was time to take profits or start shorting the digital asset. Yearn Finance (YFI) has taken ChainLink’s place in the crypto-verse in the sense that finding a local top has become a guessing game. How Far Can the Price of Yearn Finance Go? Hayes made the prediction via the following two tweets.ġ $YFI = $100,000 /KjW26SXfmc The first time was when Yearn Finance broke $27,000 with the second being when YFI crossed $32,000. Hayes made this prediction not once, but on two occasions in the last 24 hours.
The Co-Founder and CEO of Bitmex, Arthur Hayes, has made a bold prediction that the price of Yearn Finance (YFI) will eventually hit $100,000. YFI’s price is following a parabolic trajectory with no clear indication of where the top will be.He made his prediction twice after YFI broke $27k and $32k.Arthur Hayes has boldly predicted that Yearn Finance (YFI) will hit $100,000.
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