Remember yearn finance (YFI)?? - page 3.

Questat

hero member

Activity: 2856

Merit: 604

Quote from: JahriMeayer on December 16, 2021, 01:35:11 PM

Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
What do you think about this altcoin? Will it be worth in upcoming years?

It was a sign of short growing but it can't be tested like that. It was very overwhelming to see its price surpassing Bitcoin's ATH but this is not how to measure the capabilities of the project. Might it has but the question is how long it was able to sustain to be at the top of that was we called hype and it suddenly it has gone like a bubble. I don't want to think that sad ends but it was good to familiarize its market potentials or maybe, they could able provide the demand. And if that going to happen, we can expect a long life of this project.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: JahriMeayer on December 16, 2021, 01:35:11 PM

What do you think about this altcoin? Will it be worth in upcoming years?

the price was so high due to the small tokens in circulation. i shound remind you that if yearn finance hype has also become the main thing that has brought the price into the new ath. yearn finance was the first platform that was introducing the defi concept. people are also very exciting with yearn finance at that time. that's why the price was so high but andre was also creating new project after that called keeper but this one didn't work perfectly like yearn as it's only a reward platform for developers who help developers to fix or find bug. this token is not getting any hype anymore. i doubt if this will become a good investment next year.

TimeTeller

hero member

Activity: 2730

Merit: 588

Quote from: suryogandul on December 16, 2021, 06:16:38 PM

Quote from: Nazmul012 on December 16, 2021, 05:06:37 PM

If anyone create a altcoin with very low supply like only 3k which is 10x smaller than YFI, then that could surpass yearn finance maybe with 10x more value which Won't be wondering but yeah, as far i know, only YFI surpassed btc value for first time. Well i don't Have much to say about YFI. I doubt about its existance cause similar project like YFI come in market as well as performing better than it

not sure all low supply coins can be like YFI. I think the determining factor for YFI to reach the current price is that the YFI concept is in line with the roadmap and that could be one of the things that makes the public market respond well to YFI. I think that is the real factor

I remember this project because they are getting traction in the market with their high price.
And before, they had no operational services yet but their price was quite expensive already.
So I was thinking, where did it come from? Seemed that the team injected money in their market before.
But it is good that upon checking the site now, they are out of beta and their services are already up.
I thought, they will never get out of beta. But look at their ATH at 90k. They are way way below from that level now.

suryogandul

full member

Activity: 550

Merit: 100

Quote from: Nazmul012 on December 16, 2021, 05:06:37 PM

If anyone create a altcoin with very low supply like only 3k which is 10x smaller than YFI, then that could surpass yearn finance maybe with 10x more value which Won't be wondering but yeah, as far i know, only YFI surpassed btc value for first time. Well i don't Have much to say about YFI. I doubt about its existance cause similar project like YFI come in market as well as performing better than it

not sure all low supply coins can be like YFI. I think the determining factor for YFI to reach the current price is that the YFI concept is in line with the roadmap and that could be one of the things that makes the public market respond well to YFI. I think that is the real factor

Nazmul012

full member

Activity: 799

Merit: 100

SOL.BIOKRIPT.COM

If anyone create a altcoin with very low supply like only 3k which is 10x smaller than YFI, then that could surpass yearn finance maybe with 10x more value which Won't be wondering but yeah, as far i know, only YFI surpassed btc value for first time. Well i don't Have much to say about YFI. I doubt about its existance cause similar project like YFI come in market as well as performing better than it

Fivestar4everMVP

legendary

Activity: 2254

Merit: 1052

Leading Crypto Sports Betting & Casino Platform

Quote from: JahriMeayer on December 16, 2021, 01:35:11 PM

Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
What do you think about this altcoin? Will it be worth in upcoming years?

Price does not matter, what matter is market cap, it hit over 90k usd in price, yes, but did the market cap pass that of bitcoin? No!

And also remember that yearn finance is just about 30k tokens in total supply while bitcoin is 21m, with bitcoin's current market cap, what do you think the price of bitcoin will be if total supply of bitcoin was below 50k? $500,000? $1,000,000? Do the calculation yourself and see.
Yearn finance is a good project in the days of its reign, but I think it's outdated now, there are several other better projects to invest in now rather than tie alot of money into this one.

JahriMeayer

sr. member

Activity: 876

Merit: 253

Vave.com - Crypto Casino

Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
What do you think about this altcoin? Will it be worth in upcoming years?

Topic: Remember yearn finance (YFI)?? - page 3. (Read 362 times)