$YFI/USDT is the token of the Yearn platform, which is around $37,052 by the time of writing, was at $18,566 at the start of 2021, with a market cap of 1.35 billion dollars.
What is Yearn.finance?
Yearn.finance is a financial ecosystem, which Andre Cronje founded in July 2020. The platform aims to connect users to their financial resources and enable them to collaborate with the world’s financial resources.
It consists of various solutions, such as Yearn.finance crypto, the first stable coin backed by gold, and Yearn.Finance Wallet, where users can store their coins and fiat money securely. It’s a blockchain-based platform that bridges the gap between crypto and banking by using smart contracts to create a decentralized ecosystem.
What is $YFI?
$YFI/USDT is the coin of exchange Yearn.finance platform, which is around $37,052 by the time of writing, was $18,566 at the start of 2021. Its current ranking is #78 according to CoinMarketCap, with a market cap of 1.35 billion dollars.
It reached a high of $93,435 in 2021 with a low of $18,566. The $YFI coin is an Ethereum-based token that facilitates transactions on the Yearn to provide customers with a safe, secure, and transparent environment for investing.
$YFI Token Market Analysis
The main reason for the pump of $YFI coin is their news for a 7.5 million buyback, which gave it a rise of 87% in just seven days. It has a max supply of 36,666 coins worth $37,052 with a market volume of 761 million dollars.
$YFI Coin Price Prediction
It has done a breakout of the bullish pennant in the two-hour timeframe, showing bullish momentum, and we can expect a further bullish rally in its price. The price went up 87% after breaking out.
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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.