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Topic: Yearn.Finance (YFI) hits $28k (Read 883 times)

full member
Activity: 1344
Merit: 127
November 15, 2020, 11:10:17 AM
The YFI token was released in July and in two months, thanks to well-organized hype, has risen in price to unprecedented heights - more than forty-three thousand dollars.  On November 5, its price dropped to almost eight thousand dollars, after which its price began to slowly rise and today is 17,737 dollars.  However, this token is unlikely to reach the previous price heights.
member
Activity: 512
Merit: 10
November 09, 2020, 12:56:33 PM
I would strongly prescribe you not to bounce straight into the siphoned coins in case you're considering to. It additionally has got great volume, which clears a path for simple exchanging contrasted with more other driving digital currencies that doesn't have volume and exchange uphold. They played with the gracefully of the token. They realized individuals concentrate on the flexibly of any token so they keep it low to snatch the eyes and make a hyip.
member
Activity: 207
Merit: 15
November 09, 2020, 12:29:53 PM
academy binance posted a detailed article on Yearn finance, revealing the topic of what YFI is, what are its features and advantages over others

https://academy.binance.com/en/articles/what-is-yearn-finance-yfi?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
sr. member
Activity: 406
Merit: 252
kittiefight.io Combat MMO Lending Jackpots
September 20, 2020, 06:23:19 PM
the price of this coin is expected to decline
moreover
this will occur in proportion to the decrease in profitability from yield farming  on this platform.
full member
Activity: 1330
Merit: 113
September 13, 2020, 02:50:28 PM
Just finished writing a post on someone else's thread about it:

They were smart enough to set their supply to way fewer coins than most cryptos, and that attracted a lot of attention from everyone. If you were to multiply the 30k supply by 700 times (to get to BTC's max supply) and then divide the current price (~$29k) by 700, at Bitcoin's supply it'd be worth $41.5 right now. It's a very very vague calculus but I'm only considering the supply & price/coin.

In other words, it may be more expensive than Bitcoin but do people really not care about anything else besides price at this point?

As you are a Newbie, I would highly recommend you not to jump straight into the pumped coins if you're contemplating to. YFI may be $100k in a week or .. $1k. Volatility is a thing. You just don't know, and the timing is imo very risky right now. It's been a long time already since it's been very bullish. Coins that have really hard pumps usually have a period where the hype bursts out, and the price almost always follows. Therefore, just be careful when investing and make sure you don't get yourself screwed up by false hopes. Smiley
Nice explanation into this, it makes sense that we, investors/traders of bitcoins shouldn't worry about the altcoin's pump of price because it has only limited supply. Everything can change in a moment since this defi trend is definitely a bubble that will last for a short period of time and only a few people will get multiple profits if they play wisely.

I keep refreshing and YFI is growing, very unusual in my whole life of cryptocurrency. I hope this not give false hopes to those who get attracted when they see the value.

as of this moment, it is $33,181.44 already.
Despite the fact that the YFI token as a whole has risen slightly in price to $ 34,429 and has even moved to 23rd position in the CoinMarketCap table, its price drop is more than 14 percent. Of course, this still means little, however, such a high price and such a small volume of tokens issued lead to sad assumptions about an artificially inflated price. I wouldn't be surprised if after a while the price of YFI turns out to be much lower than the price of Bitcoin.
hero member
Activity: 1484
Merit: 555
September 11, 2020, 08:51:05 AM
People will be buying it as the price is going up, but once the hype is down and there is a decrease they will start selling. I don’t know much about this coin, but if you have a good knowledge about it and you think there is still chance for it to go up the more, then you can still give it a try.

Everything we do here is mostly about taking risk, if you see a coin or token and you think it will increase, then you should give it a try and see whether it works for you. If it at the end it doesn’t work out, you wouldn’t have to worry if you didn’t invest too much in it, you just keep going and looking for better projects.
member
Activity: 490
Merit: 11
100xCoin
September 11, 2020, 05:06:33 AM
What's going on with this coin? It's getting pumped crazy af right now.



https://coinmarketcap.com/currencies/yearn-finance/

Edit: It's 32k right now lol.

Edit2: All of the market is seeing a small correction, and so its YFI, however it still holds 'strong' at $30k.

If that's what happened now, don't just get easier to invest in any of the coins that are presently pumped in the exchange, because it might be
a trap to any investors who will invest in it in the end, though I am not praying to lose their assets but just giving a few reminders in this field of industry.
hero member
Activity: 1456
Merit: 933
September 11, 2020, 03:03:58 AM
Just finished writing a post on someone else's thread about it:

They were smart enough to set their supply to way fewer coins than most cryptos, and that attracted a lot of attention from everyone. If you were to multiply the 30k supply by 700 times (to get to BTC's max supply) and then divide the current price (~$29k) by 700, at Bitcoin's supply it'd be worth $41.5 right now. It's a very very vague calculus but I'm only considering the supply & price/coin.

In other words, it may be more expensive than Bitcoin but do people really not care about anything else besides price at this point?

As you are a Newbie, I would highly recommend you not to jump straight into the pumped coins if you're contemplating to. YFI may be $100k in a week or .. $1k. Volatility is a thing. You just don't know, and the timing is imo very risky right now. It's been a long time already since it's been very bullish. Coins that have really hard pumps usually have a period where the hype bursts out, and the price almost always follows. Therefore, just be careful when investing and make sure you don't get yourself screwed up by false hopes. Smiley
Nice explanation into this, it makes sense that we, investors/traders of bitcoins shouldn't worry about the altcoin's pump of price because it has only limited supply. Everything can change in a moment since this defi trend is definitely a bubble that will last for a short period of time and only a few people will get multiple profits if they play wisely.

I keep refreshing and YFI is growing, very unusual in my whole life of cryptocurrency. I hope this not give false hopes to those who get attracted when they see the value.

as of this moment, it is $33,181.44 already.
hero member
Activity: 1708
Merit: 747
September 11, 2020, 01:57:30 AM
DeFi's yearn.finance Is Coming to Coinbase Pro

YFI, the governance token that powers yield aggregator platform yearn.finance, will be listed on Coinbase Pro on September 14, the Californian crypto exchange announced today
member
Activity: 224
Merit: 31
September 05, 2020, 07:47:44 AM
What's going on with this coin? It's getting pumped crazy af right now.



https://coinmarketcap.com/currencies/yearn-finance/

Edit: It's 32k right now lol.

Edit2: All of the market is seeing a small correction, and so its YFI, however it still holds 'strong' at $30k.

Id suggest you be careful before putting any money in. The Defi coins while as concept seems brilliant to many of them today seem to operate like a ponzi, i am not saying YFI or some other DEFI coins is a ponzi there are definitely some hidden gems but that one shouldn't just get carried away with the hype or the huge gains you see on the chart.

Remember crypto history is riddled with coins that pump 1000% in a matter of days only to see them drop 99.9% a few days later.

Remember the Case of Z classic that went from 280 to a buck a year or so ago or the more recent Defi coin Hotdog.

Also if any one can help me with why so many Defi coins are named after food( pasta, spaghetti, sandwich, Sushi and so on)  and how exactly am i suppose to look at something called Spaghetti coin seriously and not immediately think its a scam.
They might as well call themselves "This is not a Scam Coin"
full member
Activity: 1428
Merit: 118
September 05, 2020, 07:40:28 AM
Until now, if I don't have the answer, what really happened to YFI, why did it beat the price of the king of crypto (BITCOIN), is their token more useful than bitcoin or is this just hype Huh In the history that I know, only this time the coin price can reach $28k Shocked

Yes, it's only short time hype, don't get FOMO, until now I just watch and keep tracking this altcoin.


its funny that people continues to follow the coin even if they already know that these kind of coins are just a bubble .

getting curious on this coin can only make you obsess or worst make you tempted to invest in especially if you saw that its price still continues to increase . leave the job to the greedy guyz . they will still give updates here once the coin burst  .
hero member
Activity: 1778
Merit: 528
September 05, 2020, 07:27:51 AM
We're all done with forks.

This is the new fork that the investors are liking. The forking of projects or the imitation of decentralized finance projects which are being liked by most.

I haven't invested on it and look to the website you've suggested, I might get into it sometime.

Every few days I see new forks pop-ups on uniswap all starting YF* and some of them even trading at above $100 I think once the bubble for this type of forks burst it will hurt a lot of investors especially the newbies.
Those who have dedicated on those projects, they will be the ones that will be mostly hurt.

They haven't seen it before and that's the reason why they keep on popping. The bubble and hype for these defi or YF version of projects will not last forever because it's not sustainable if most of them are existing at the same time.

There could be one as the main YF but not all of them will stay.
full member
Activity: 175
Merit: 100
Supporter of Cypherium
September 05, 2020, 04:43:08 AM
Until now, if I don't have the answer, what really happened to YFI, why did it beat the price of the king of crypto (BITCOIN), is their token more useful than bitcoin or is this just hype Huh In the history that I know, only this time the coin price can reach $28k Shocked

Yes, it's only short time hype, don't get FOMO, until now I just watch and keep tracking this altcoin.
legendary
Activity: 1330
Merit: 1001
September 05, 2020, 01:29:27 AM
I still don't understand lol what's driving the price of YFI. Just when I think that YFI has reached its peak I see YFI is pumping again. Does anyone have any idea why YFI pumped so much? I know supply is low but that can't be the only reason for the pump, right?
Yes, it's not the only reason why it pumps.

The FOMO for Defi's are real and it's part of the choice of many investors. But to understand about it, visit their website and see the services that it's offering and being copied by other defi that are also trying to get into the hype with YFI.

https://yearn.finance/

Yearn is amazing that is why they are doing well. Most forks are shit but I found an interesting idea that forked yearn as the base for a blockchain agnostic lending aggregator, go to fiscus.fyi. We need more of this, not shit forks not improving anything.
We're all done with forks.

This is the new fork that the investors are liking. The forking of projects or the imitation of decentralized finance projects which are being liked by most.

I haven't invested on it and look to the website you've suggested, I might get into it sometime.

Every few days I see new forks pop-ups on uniswap all starting YF* and some of them even trading at above $100 I think once the bubble for this type of forks burst it will hurt a lot of investors especially the newbies.
sr. member
Activity: 1218
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
September 04, 2020, 07:30:22 PM
Well funny enough I saw this damn coin at $15K and I bought som fractions of it which now has made mesom decent pofits when it touched $35K, Bitcoin has ruined the whole market with this massive dump. Actually this was foretold but I did not think this dump will come soon. Some folks are saying that Trump will not let the market crash just as the US elections are just at the corner. So lets hope the market rises back again.
hero member
Activity: 1778
Merit: 528
September 04, 2020, 06:27:19 PM
I still don't understand lol what's driving the price of YFI. Just when I think that YFI has reached its peak I see YFI is pumping again. Does anyone have any idea why YFI pumped so much? I know supply is low but that can't be the only reason for the pump, right?
Yes, it's not the only reason why it pumps.

The FOMO for Defi's are real and it's part of the choice of many investors. But to understand about it, visit their website and see the services that it's offering and being copied by other defi that are also trying to get into the hype with YFI.

https://yearn.finance/

Yearn is amazing that is why they are doing well. Most forks are shit but I found an interesting idea that forked yearn as the base for a blockchain agnostic lending aggregator, go to fiscus.fyi. We need more of this, not shit forks not improving anything.
We're all done with forks.

This is the new fork that the investors are liking. The forking of projects or the imitation of decentralized finance projects which are being liked by most.

I haven't invested on it and look to the website you've suggested, I might get into it sometime.
legendary
Activity: 2212
Merit: 1067
September 04, 2020, 11:03:23 AM
I was not aware of the YFI token and my co-staff called me with excitement saying "do you know there's a cryptocoin that's even the father of bitcoin?" and I said I don't think so as bitcoin was the oldest usable cryptocoin in mind. Than he said the coin is higher in price than bitcoin. I not being aware of it called it to be some kind of pump and dump coin or a scam but he let me know that it's also been listed on Binance and Okex. It's a coin with low 30K supply and with the Defi craze, it went breaking every records.
hero member
Activity: 1624
Merit: 443
September 04, 2020, 10:57:05 AM
YFL is in very low supply and is attracting a lot of whales to buy this coin.
That's simply the catch. A lot of people buy into projects with far less supply, even yours truly I am looking for such low supply coins/tokens. And to even think YFI once went as low as less than $40 less than three months ago will make anyone want to hit their head on the ground. Its a great miss. However, I wouldn't advise anyone to buy YFI as it stands now in price. I would rather suggest that those wanting to buy YFI should look for other DeFi projects and buy cheap. For me, I won't do any DeFi coin higher than $2 in price if the total supply is above two million units.
member
Activity: 169
Merit: 10
September 04, 2020, 08:41:12 AM
I still don't understand lol what's driving the price of YFI. Just when I think that YFI has reached its peak I see YFI is pumping again. Does anyone have any idea why YFI pumped so much? I know supply is low but that can't be the only reason for the pump, right?
Yes, it's not the only reason why it pumps.

The FOMO for Defi's are real and it's part of the choice of many investors. But to understand about it, visit their website and see the services that it's offering and being copied by other defi that are also trying to get into the hype with YFI.

https://yearn.finance/

Yearn is amazing that is why they are doing well. Most forks are shit but I found an interesting idea that forked yearn as the base for a blockchain agnostic lending aggregator, go to fiscus.fyi. We need more of this, not shit forks not improving anything.
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