YFI's price rises to $ 11,360 Your thinks ?

[Oxumare]

Decentralized finance  applications are definitely taking the cryptocurrency industry by storm right now.YFI, which is quite close to the unit price of the leading cryptocurrency Bitcoin, may even go down in history as the first DeFi project to achieve this.

Although the unit price of BTC has been surpassed by other cryptocurrencies before, it has never been seen that such an event was carried out by a DeFi.

Edit : Only 30,000 total supply 

[Oxumare]

The total locked value of yearn.finance, which increased its value by 12,400 percent in 1 month, reached $ 1 billion. YFI coin, the rising star of the DeFi world; While it was traded at $ 5,000 just a week ago, it is now trading at $ 13,000.

[Oxumare]

YFI, the management token of the decentralized finance protocol yEarn, is experiencing an incredible rise. Previously, YFI, which had a unit price of up to $ 12,000, made a lot of mention in this context, even surpassing the leading crypto currency Bitcoin.

Current price is $ 26,000 

[sery2013]

On August 30, the DeFi-token price of yEarn Finance (YFI) updated its historical maximum at $38,000, which is 230% higher than the current bitcoin rate of $11,600. The project's capitalization exceeded $1 billion. YFI's altokoin price has increased by 644% for the last 30 days, and by more than 100,000% since the project was launched in July.

[hair]

Lately many have talked about DeFi Project, Polkadot, YFI, Lend, etc. Crypto trading today is DeFi. YFI will be an extraordinary project after beating bitcoin with a few supply that will give a significant price effect. will it last long?

[leithy]

I have been buying some defi recently and all but one,tezos, are in profit.YFI has risen too fast in my opinion.

[sery2013]

Well, if the 100000% rate went up, so what's next? I hadn't heard about this coin before, until I read it on the crypto news site. And as they say, that's why not buy this coin at the start of the project).

[Senin]

Lately many have talked about DeFi Project, Polkadot, YFI, Lend, etc. Crypto trading today is DeFi. YFI will be an extraordinary project after beating bitcoin with a few supply that will give a significant price effect. will it last long?

The YFI token skyrocketed in value too quickly. So far, it has surpassed the price of bitcoin several times. However, something that rises quickly in price can also fall quickly. It should be borne in mind that only 30,000 YFI tokens have been issued and, most importantly, their capitalization is less than one billion dollars. With such a small capitalization, the price of this token can be very easily manipulated.
To say something about the prices of DeFi projects, you need to watch them for a while.

[sery2013]

Well, the rate has already gone down not badly, traded in the area of 27000 dollars, although 2 days ago the rate was 32500. Literally in 2 hours the rate has gone down for 3000 dollars.
The first token that I see in such a period of time has grown by so many percent.

[Oxumare]

While YFI is not specifically linked to all DeFi protocols, many analysts say cryptocurrency is fundamentally a decentralized financial index. Fortunately, this segment of cryptocurrency is expected to continue to grow. This is a good sign for Ethereum-based cryptocurrency and will likely see more growth as DeFi gains traction.

I think YFI has enough room to grow after the strong downtrend.

[hair]

However, something that rises quickly in price can also fall quickly. It should be borne in mind that only 30,000 YFI tokens have been issued and, most importantly, their capitalization is less than one billion dollars. With such a small capitalization, the price of this token can be very easily manipulated.
To say something about the prices of DeFi projects, you need to watch them for a while.

Does the supply very little affect YFI's price? is this an advantage or a disadvantage? how can they manipulated YFI price ??

[Fenix]

The YFI token, issued in July, rose in price to over forty thousand dollars in two months and fell to almost twenty thousand dollars, along with a general drop in the entire cryptocurrency market. In recent days, the price of this token has risen again to almost thirty thousand dollars, and today its price is 25,974 dollars. Against the general background of the temporary market decline, this is still not bad.

[Oxumare]

I think YFI token will be $ 40,000 again.You know, BTC has been ranging from $ 10,200 to $ 10,800 for the last 2 weeks.
If we had bought 2 ETH when the market first came out, we could have made a good profit.As some phenomenons say, the price will reach $ 100,000.

[Oxumare]

YFI price dropped by 70 percent, do you think it will continue to fall?some analysts are still quite optimistic for YFI in the long run.
Andrew Kang says we have some strategies. Like UNI farming and BAL farming ... We will see the effect on the price!

[H2O]

Today 30 November
yearn.finance price today is $26,760.83 USD with a 24-hour trading volume of $466,261,075 USD. yearn.finance is up 11.77% in the last 24 hours. The current CoinMarketCap ranking is #34, with a market cap of $801,961,922 USD.

See daily : https://coinmarketcap.com/currencies/yearn-finance/