Topic: Yearn.Finance (YFI) hits $28k - page 4. (Read 1004 times)
I have already heard about this cryptocurrency, but did not really pay attention to it, but this cryptocurrency seems to be at the moment either the most expensive or one of the most expensive, it is a pity I did not have time to invest in this cryptocurrency when there was a chance.
I am still wondering what is pumping this coin, I understand a lot are been locked thereby reducing the supply. The volatility of this coin is too crazy and traders are making crazy money from it. How long this is going to continue, I can't say. Let's play safe, another year like 2017 is upon us again.
As far as i know if so many whales and big names have joined into this project and they are also using the product that has already made by yearn.finance and i have heard the the yield farm has already become the main thing that attracted all of them to join in this project. That's those whales are pumping this coin to the moon. Ofcourse this project will only be for big whales, look at the current price, how many people can afford to buy many number of this token, only whales can hold good amount of yfi by now, am just surprise how price have increase so high more than btc, very surprising.
It's amazing to think to think that YFI could be this expensive in a short amount of time, I guess. But, since it's increasing real fast, the other side might also happen at some point. It scares me to even think of investing on this one because it might crashes at any given second. If I were invested in this one earlier, I believe this is the best time to let go and just enjoy the profits. Regardless of the pumps, it might go down out of the blue, especially once whales gets tired of them and just dump the price for God knows when.
1000 dollars I thought that this is already very expensive, I thought for a long time and did not buy, how wrong I am always about the crypto.
I am still wondering what is pumping this coin, I understand a lot are been locked thereby reducing the supply. The volatility of this coin is too crazy and traders are making crazy money from it. How long this is going to continue, I can't say. Let's play safe, another year like 2017 is upon us again.
As far as i know if so many whales and big names have joined into this project and they are also using the product that has already made by yearn.finance and i have heard the the yield farm has already become the main thing that attracted all of them to join in this project. That's those whales are pumping this coin to the moon. There's a lot of investment flowing to this project as it rise multiple times, looking at https://coinmarketcap.com/currencies/yearn-finance/, the price rise 42 times from the price I saw when it was listed in CMC.
$799 only last July 21, 2020, and now it's already trading at $33,810.12, and there's no sign that the price would go down, but if I have invested on this, I would not wait until it will fall down as correction is expected and we might see a hard fall for this project.
I am still wondering what is pumping this coin, I understand a lot are been locked thereby reducing the supply. The volatility of this coin is too crazy and traders are making crazy money from it. How long this is going to continue, I can't say. Let's play safe, another year like 2017 is upon us again.
It's very simple: the price of YFI increases because it is bought. And they buy because the price of YFI is rising. As soon as this token is no longer purchased, its price will immediately collapse.
Binance is listing the YFII fork today: https://www.binance.com/en/support/articles/ac34042b96d04b5e8464613f27567353
I am still wondering what is pumping this coin, I understand a lot are been locked thereby reducing the supply. The volatility of this coin is too crazy and traders are making crazy money from it. How long this is going to continue, I can't say. Let's play safe, another year like 2017 is upon us again.
As far as i know if so many whales and big names have joined into this project and they are also using the product that has already made by yearn.finance and i have heard the the yield farm has already become the main thing that attracted all of them to join in this project. That's those whales are pumping this coin to the moon.
I am still wondering what is pumping this coin, I understand a lot are been locked thereby reducing the supply. The volatility of this coin is too crazy and traders are making crazy money from it. How long this is going to continue, I can't say. Let's play safe, another year like 2017 is upon us again.
Just finished writing a post on someone else's thread about it:
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.
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?
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.
I agree with this, coins that pump so high in a short span of time can also dump fast. Know first if the demand for this coin will last for some time, this can just be a result of fomo going around. It's better to understand things first before going in, and don't get easily influenced by other's opinions about a particular coin, do your own research and TA.
What I can only say about $YFI right now is that it is not overpriced when it comes to its P/E ratio since there are so much partnerships from big companies that solidified its position on the market.
As of now, with a price of 38k, it appears in 22nd place in cmc. I don't understand what's going on, why is it so valuable?How can people trust such a new project?
this is still a big question mark and this problem does not seem to get an accurate answer. I've also heard that this is just a pump done by the team and the community (don't know the truth)and yes, this is new project with the most terrible pumps
I have a friend making use of that coin for trade. It sounds interesting to hear from his mouth that he's making good trade of it and make gains. But as I look into its market chart, unbelievably how it makes such a surge...could be that because of the Defi project hypes? Because it is to find out that many low volume coins and less potential coins have been waking up.
Yeah, really impressive but I was not really convinced how it happens, it could be of a higher risk seeing the situation like this especially when it was the first showing that.
All just have to be careful about this kind of change.
Yeah, really impressive but I was not really convinced how it happens, it could be of a higher risk seeing the situation like this especially when it was the first showing that.
All just have to be careful about this kind of change.
Damn! I don't think yearn finance is a safe haven for investors who don't have enough money to gamble with, no risk no reward they say but this token value is way too high, if price dumps it will be a huge loss of money, I would rather invest in BTC instead.
It's high as it is but I don't think that it is a safe haven for investors. The limit in its supply is very low and that made its scarcity the factor of why many investors have turned into it. But if this isn't sustainable and if there are investors who are willing to invest in it while it's on the top.
They are absorbing more the risk.
As of now, with a price of 38k, it appears in 22nd place in cmc. I don't understand what's going on, why is it so valuable?How can people trust such a new project?
It's not about trust alone but there are traders who really want to take advantage of the trend rather than doing nothing. These traders take the opportunity to ride the heavily and hype YFI and it seems it's working.
And while the token establishing popularity, there are now more people (non-traders) that joined the party to expect a good profit in return within a short period of time.
It's definitely not wrong to take a ride but people should think and understand clearly how risky it is to drive in the current wave.
As of now, with a price of 38k, it appears in 22nd place in cmc. I don't understand what's going on, why is it so valuable?How can people trust such a new project?
I also don't understand why it is not in cmc as number 1. I have checked in cmc for some time but not in number 1.
Meanwhile, I see is a very low supply coin of just 30,000.
I found this information in gecko.
Market Cap. $1,002,024,069
24 Hour Trading Vol. $767,762,822
24h Low / 24h High. $27,547 / $36,194
Circulating Supply 29,962 / 30,000
Fully Diluted Valuation. $1,003,267,280
Max Supply. 30,000
Total Value Locked (TVL). $848,016,158
Market Cap / TVL Ratio. 1.18
https://www.coingecko.com/en/coins/dia
CMC does their ranking according to a coin's marketcap, that's by default, Yearn.Finance only has $1 billion market while bitcoin being the number 1 has $215 billion. If you like to see it ranked at number 1, you can sort according to its price, check the picture below. (https://coinmarketcap.com/)
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.
Having a low supply of coins does not necessarily mean that they could attract the investors and the price keeps on moving higher, if i remember correctly the yearn. finance had a minor correction last week and the entire market went down with it and as an investor i will not dare to invest in a coin that rallied this much. 
As of now, with a price of 38k, it appears in 22nd place in cmc. I don't understand what's going on, why is it so valuable?How can people trust such a new project?
I also don't understand why it is not in cmc as number 1. I have checked in cmc for some time but not in number 1.
Meanwhile, I see is a very low supply coin of just 30,000.
I found this information in gecko.
Market Cap. $1,002,024,069
24 Hour Trading Vol. $767,762,822
24h Low / 24h High. $27,547 / $36,194
Circulating Supply 29,962 / 30,000
Fully Diluted Valuation. $1,003,267,280
Max Supply. 30,000
Total Value Locked (TVL). $848,016,158
Market Cap / TVL Ratio. 1.18
https://www.coingecko.com/en/coins/dia
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Just checked Binance and its trading around 2.77 BTC per YFI. its crazy to invest in this unless you get out fast not waiting for more ATH. even now it seems to go up but do at your own risk.
Anyone who has no a lot of money will never try to buy this coin. My friend was getting trapped at ATH and it has already started to get a correction. I know this is the a good coin and this is the real YFI token but it sounds like the price is not reasonable for some reasons. My impression with this coin is very good and i just get a small amount of YFI to hold it until the it will reach next ATH. Would be devastating for people who have a lot of money if they invest in YFI today. It is a clear indication that the price is highly manipulated. I hope I am wrong for it will make lots of investors to lose money if my assumption is right. But still I am very curious to know what will happen to YFI after several months from now. Will it continue to surge or will it experience a crash.
As of now, with a price of 38k, it appears in 22nd place in cmc. I don't understand what's going on, why is it so valuable?How can people trust such a new project?
this is still a big question mark and this problem does not seem to get an accurate answer. I've also heard that this is just a pump done by the team and the community (don't know the truth)and yes, this is new project with the most terrible pumps
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Just checked Binance and its trading around 2.77 BTC per YFI. its crazy to invest in this unless you get out fast not waiting for more ATH. even now it seems to go up but do at your own risk.
Anyone who has no a lot of money will never try to buy this coin. My friend was getting trapped at ATH and it has already started to get a correction. I know this is the a good coin and this is the real YFI token but it sounds like the price is not reasonable for some reasons. My impression with this coin is very good and i just get a small amount of YFI to hold it until the it will reach next ATH. Damn! I don't think yearn finance is a safe haven for investors who don't have enough money to gamble with, no risk no reward they say but this token value is way too high, if price dumps it will be a huge loss of money, I would rather invest in BTC instead.
don't regret it, if YFI can reach a price more than Bitcoin, I am sure investing in Bitcoin will also be more attractive, I know everything is focused on YFI today, like 3 years ago
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