YFI Reclaims Support Post Coinbase Listing, New All-Time Highs In Sight

2020-9-12 20:00

Yearn.Finance, most commonly referred to as YFI, is one of the hottest DeFi tokens this year and trades at prices three to five times as much as Bitcoin itself. The incredible success story appears to be ready to climb to higher heights, after reclaiming two important supports following the recent Coinbase listing.

Yearn.Finance Has Plenty of Fuel Left In The Tank Despite Recent Crypto Market Pitstop

There have only been very few and far between rags to riches stories in the crypto market since the bubble burst years ago. Even Bitcoin (BTC) and Ethereum (ETH) aren’t making anyone rich these days, with the constant consolidation going on for the last three or so years.

And while that could soon change, for now, its the Band Protocol (BAND), Yearn.Finance (YFI), and Chainlinks (LINK) of the crypto world that are stealing up all the limelight.

Related Reading | YFI Climbs 50% From $18K Low While The Rest Of Crypto Stagnates, But Why?

Chainlink and other DeFi projects led the initial resurgence into the crypto space, but since then Band has crushed LINK in performance and YFI has sent the DeFi trend into overdrive.

YFI’s own trend is also extremely bullish, and a recent flip of resistance into support could send the asset to another new all-time high.

YFIUSD Daily Price Chart Support & Resistance Flip | Source: TradingView YFI Reclaims Support, Potentially Targets $75K All-Time High Resurgence Next

According to the daily YFIUSD price chart, the extremely valuable DeFi token is about the become even more so. The Ethereum-based altcoin reclaimed support after a false breakdown and reaction to the Coinbase listing.

In fact, it not only reclaimed horizontal resistance and flipped it to support, but it reclaimed a daily trendline supporting the uptrend thus far. Two previous flips of support and resistance holding have led to an over 170% rise in YFI each time.

Lightning has struck already twice for investors, and that’s rare. Could the third time be the charm still, however? YFI could rise as high as $75,000 per token if a similar rise plays out.

Related Reading | Analyst: yEarn Finance (YFI) DeFi Rally Is Contender For Crypto Market’s Fastest 100x

The target also would reach a similar level as the asset’s former uptrend line that it lost in early September when Bitcoin and Ethereum plunged by 20% or more.

Even an asset as bullish as YFI took a beating in the days following. However, the momentum in DeFi tokens and especially YFI, has been too unstoppable for crypto bears to keep down.

Now Yearn.Finance is targeting much higher highs than here. Any coin reaching the price of $75,000 per token before Bitcoin does, is bound to get a lot of attention, which could keep the wind at the backs of bulls and help keep pushing prices even higher from there.

And at a supply of only 30,000 tokens, YFI will almost certainly never have enough supply to keep up with the demand. It might seem like a poor investment choice to buy an asset that already rose from $5,000 to over $50,000 in a matter of weeks, but with just 30,000 coins, things could go bananas faster than Bitcoin ever did.

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yearn.finance (YFI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $6229.77
Капитализация $0 Rank 99999
Цена в час новости $ 37339.3 (-100%)

yfi finance listing yearn coinbase ready appears

yfi finance → Результатов: 97


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Why a Technical Analyst is Predicting a Sub-$8K Yearn Finance (YFI) Crash

More warnings flashed for Yearn Finance’s governance token YFI even as it showed signs of recovering after an upside weekend session. Market analyst Teddy Cleps envisioned a waterfall-like trend for YFI/USD, noting that the pair is likely to continue trading lower with anticipations of bouncing back on every support-retest. He further hinted that price floors […]

2020-10-19 14:04


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Analyst: Yearn.finance (YFI) is “Finished” as Technical Outlook Grows Grim

Yearn.finance’s governance token YFI saw a notable rebound from its recent lows overnight, which comes as sentiment surrounding the crypto remains incredibly low. A fragmented community coupled with a lack of momentum in the aggregated DeFi space has created serious headwinds for YFI, which is now trading down well over 50% from its recent highs. […]

2020-10-16 19:00


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Цена токена yEarn Finance поднялась к $35 000 после анонса листинга на Coinbase Pro

Криптовалютная биржа Coinbase Pro анонсировала листинг токена DeFi-платформы yEarn Finance (YFI). После публикации заявления цена монеты подскочила на более чем 15%, приблизившись к $35 000. On Monday September 14, our YFI-USD order book will enter transfer-only mode, accepting inbound transfers in supported regions.

2020-9-12 19:07


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Американская биржа криптовалют Coinbase готовится запустить торги DeFi-токеном yearn. finance на платформе Coinbase Pro. Согласно анонсу, биржа начнет принимать входящие депозиты в YFI 14 сентября.

2020-9-11 09:23


Почему DeFi проекты стали так популярны?

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2020-9-2 20:53


Фото:

В чём проблема взрывного роста ниши децентрализованных финансов?

Взрывной рост ниши децентрализованных финансов вызван жадностью инвесторов, вдобавок этот процесс абсолютно никак не контролируется. Такое заявление сделал создатель проекта Yield. finance YFI Андре Кронье на мероприятии Smart Contract Summit 2020.

2020-9-2 19:30


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Что такое Uniswap и как правильно использовать платформу?

Токен yearn.finance (YFI) всего за полтора месяца вырос в цене с 34 до 38869 долларов. Chainlink LINK за два месяца прыгнул с 4.12 до пиковых 19.8 долларов. Что общего у этих монет? Помимо зависти в адрес ранних покупателей, которые приобрели...

2020-9-2 16:30


Цена yEarn Finance подобралась к $40 000, капитализация токена превысила $1 млрд

Токен DeFi-проекта yEarn Finance (YFI) продолжает покорять новые высоты. Цена актива ненадолго поднялась выше отметки $38 000, а капитализация — преодолела рубеж в $1 млрд. На момент написания монета торгуется в районе $32 700.

2020-8-30 14:15