Yearn.finance (YFI) may top $50K in no time according to experienced crypto traders
Some top crypto analysts are of the idea that DeFi may reach $50K soon.
Last weekend, Binance exchanged displayed something interesting.
The native token of Yearn.finance, YFI reached a new all-time high ATH at $43,966 on its exchange. This happened while YFI had experienced severe volatility in the past few weeks, having reached to around $40K and shortly plummeting to $28K and now again skyrocketing and reaching to more than $43K. When this happened, on some exchanges, Bitcoin had dropped below $10K.
The good news is that Bitcoin managed to recover a little while YFI has doubled since Sept. 9 and some experts argue that it will reach $50K in no time.
But what is the reason for such rise?
Multiple items contribute to fueling such surge. A combination of the increasing popularity of DeFi liquidity pools, new products and yield farming are the likely items.
Twitter CEO Justifies President Trump’s Twitter account Ban and expresses his interest Bitcoin as a free technology
The attack on the Capitol last week is reason enough to ban Donald Trump’s Twitter account said Jack Dorsey, the CEO of Twitter, while he also appreciated Bitco ...
JAN 14, 2021
Did you know that there are 3 types of Bitcoin addresses? Legacy, Nested SegWit and Native SegWit
Anyone who has been dealing with Bitcoin knows that to transfer any amount of BTC you need a Bitcoin address, and that there are 3 types of addresses; Legacy, N ...
JAN 13, 2021
Nexon rejects claims of its intentions on buying Bithumb
Rumor had it that last week, a South Korean video game company had made a generous offer to buy an exchange for approximately $460 million. ...
JAN 11, 2021
You may lose all your money if you are trading Crypto
A grim warning to crypto-traders was issued by Britain’s financial watchdog when Bitcoin surged again after a dip. ...
JAN 11, 2021