Yearn.Finance (YFI) hits $28k - page 2.

livingfree

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Quote from: rz20 on September 04, 2020, 02:03:07 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/

cryptothreads

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Quote from: rz20 on September 04, 2020, 02:03:07 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?

YFL is in very low supply and is attracting a lot of whales to buy this coin.

I have checked the project and don't really have any information so there is still a risk when you buy at this price. In my opinion, projects like these should be avoided because if the market drops suddenly YFL will be able to get back to $100 at any time so think and be careful.

LangePara

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Quote from: Zazzu on September 04, 2020, 04:19:13 AM

Since it's still yearn farming era, I'm not wondering if it hits 50k, I remember when it was POS time and a lot of coins came but then DPOS came, it seems like fashion, each year something is the fashion in cryptocurrency !

People move with trends, it's something you've to look out for. You can make alot of $ but also lose alot of $. But hey that's trading, and it's super fun. Last night, a lot of people got liquidated too.

Edit: I am personally gonna wait year finance to drop and will buy. My range is around $25k. With multiple stop losses set, just in case. But I think imma ride this train out, it's holding good atm.

Bezobraznike

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Quote from: Zazzu on September 04, 2020, 04:19:13 AM

Since it's still yearn farming era, I'm not wondering if it hits 50k, I remember when it was POS time and a lot of coins came but then DPOS came, it seems like fashion, each year something is the fashion in cryptocurrency !

It's a new trend, and Zazzu we have a new trend every year. What we can't forget that after the trend and hype that surrounds that hype
some projects continue to exist, and many of them drop hard to never recover again. It's why people should be careful now,
to carefully choose projects where they invest, this hype will come to an end, and new trend will come!

Zazzu

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Living the truth....

Since it's still yearn farming era, I'm not wondering if it hits 50k, I remember when it was POS time and a lot of coins came but then DPOS came, it seems like fashion, each year something is the fashion in cryptocurrency !

taufik0911

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Quote from: rz20 on September 04, 2020, 02:03:07 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?

it turns out that you are the same as me do not understand
in July YFI only had a value of around 150 usd and in a matter of months it could touch a price of 32k USD this really doesn't make sense
is defi very promising like that?

rz20

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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?

Mpamaegbu

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Quote from: ruli stylon on August 30, 2020, 10:41:14 AM

You are absolutely right. YFI is now over the price of bitcoin. I also just found out about YFI, and too late to buy at the price of 800 $.

Maybe YFI will head for the $ 100,000 price tag.

I know you will be filled with regrets not buying at $800, seeing that YFI traded almost at $40,000, and now seeing correction around $30,000. However, YFI isn't the only coin above the price of Bitcoin. There is also DEFIBULL,

Kotone

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Quote from: qomariah95 on September 03, 2020, 07:55:33 PM

I was just shocked for the price alone. But that doesn't make me want to go in and invest there, it's too big a risk. Even the highest price has been reached. Most likely it will start to slowly descend. For people who want to invest in the Y family. In order to be careful, every day there are always many tokens whose first name is Y.

Yfi price is really amazing I could never imagine yfi could reach to 40k and 4x higher than bitcoin price. Well the supply justify the demand of yfi as it really scarce. Imagine the 30k supply versus 21million of bitcoin? The developer of it is very smart to start this hype.

Rikotin

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i think,Maybe because of very low supply so investors interested to invest but I doubt of this massive pumped, it seems to me manipulation you know the supply is low it can easy to manipulate it. This is high risk if you join the ride it reaches the highest peak we never know when will be a massive dump.

bits4books

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Quote from: junkerr on September 01, 2020, 12:53:11 PM

Quote from: bits4books on September 01, 2020, 11:51:16 AM

YFI - bubble. Change my mind (spoiler: you won't make it).
The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.

I think many people will think like you. in the long run, I don't think it will be good and more of an idiot. but for him who already owns it from scratch, I think it is better to immediately take advantage and get out of the market. taking short profits is better than keeping it or buying it now.

I expect a rapid influx of posts like "how I spend all the money on Defi do not repeat my mistakes" - from those who really hoped for even more high prices and kept until the last.
Unfortunately, people do not learn anything, so we will see more than once similar "pumps and dumps" as with YFI.

qomariah95

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I was just shocked for the price alone. But that doesn't make me want to go in and invest there, it's too big a risk. Even the highest price has been reached. Most likely it will start to slowly descend. For people who want to invest in the Y family. In order to be careful, every day there are always many tokens whose first name is Y.

tippytoes

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Quote from: Nellayar on September 03, 2020, 07:41:21 PM

Not just 28K usd, it went up to 33K+ dollar I think. But I did not ride with yearn finance I because it might become bubble. Once a certain coin fluctuate higher, its consolidation or reversal is also a bloody. However, as I have noticed to the current coin listed in binance they are all moving 100% upward momentum. So, I rid in yearn finance II and sushi for a short period of time. Well, I really gained a lot from this two coin.

I think they are the cause of a downtrend action of real projects. If the hype and manipulation was done in the market. I assume that everything would go back to normal.

Really careful in touching this one because they have no actual use case at the moment. So basically, it is more on price manipulation. Why would a project in beta stage be on this price level? No active use case and yet they are getting pump? So better be safe than sorry. Don't jump to the market that you are not familiar of. There's something hazy here.

Nellayar

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Not just 28K usd, it went up to 33K+ dollar I think. But I did not ride with yearn finance I because it might become bubble. Once a certain coin fluctuate higher, its consolidation or reversal is also a bloody. However, as I have noticed to the current coin listed in binance they are all moving 100% upward momentum. So, I rid in yearn finance II and sushi for a short period of time. Well, I really gained a lot from this two coin.

I think they are the cause of a downtrend action of real projects. If the hype and manipulation was done in the market. I assume that everything would go back to normal.

Ayiranorea

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Quote from: LangePara on September 03, 2020, 07:21:01 PM

All of the market is seeing a small correction, and so its YFI, however it still holds 'strong' at $30k. Not sure why it's not going all the way down...

Yes, it stands strong in the market. The luckiest during this pandemic season are the people who have got to invest on yearn finance during the early days of its entry into the market. Right now there is crash in the market, almost every cryptocurrency has turned to be declining. By the time yearn finance is on the green side.

LangePara

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All of the market is seeing a small correction, and so its YFI, however it still holds 'strong' at $30k. Not sure why it's not going all the way down...

Westfiled

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Quote from: DarkTrix on September 02, 2020, 03:36:17 AM

Binance added it specifically to futures to drop the rate. The price is being pushed down

It's not only caused by the correction but bitcoin was also helping the dumpers to push the price of YFI to get a small correction but this is only a small correction.

In my analyzation, if there will be another wave will come for FYI. The small correction will end very soon as other major coins have already started to recovery. The whole of market was getting pushed by bitcoin and ethereum as both have been facing the correction on their price.

Shohag123

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Quote from: LangePara on August 30, 2020, 10:18:21 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.

I still don't want to believe what YFI has done.Yes DeFi is the new trend but YFI has crossed all the limits.YFI is now trading on 2.54 Btc per coin.Yes I can't still digest it.When it was around 11000$ I think okay its a big enough you can stop but surprise and surprise it has even crossed 30000$.But from my point of view any time it may face big dump and anyone can face their biggest loss in crypto history.And now its too late to enter in Yearn finance coin.But as anyone know crypto is very unpredictable and thats why YFI crossed 30K so it may be 50k.Btw think before investing in YFI now.

DarkTrix

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Binance added it specifically to futures to drop the rate. The price is being pushed down

TastyChillySauce00

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yeah the price is really crazy but it's reasonable considering their total supply 30K but honestly this pump is just a bubble but seeing that many recent publication in famous news site such as forbes giving such a spotlight to YFI I'm not gonna be surprised if it climbs up again though. I would definitely prefer to choose other coin though, a more reasonable ones but this coin definitely is interesting to watch LOL. but just reminder, a smooth fast pump usually ended up with smooth fast dump aswell.

Topic: Yearn.Finance (YFI) hits $28k - page 2. (Read 946 times)