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Learning & News => News related to Crypto => Topic started by: Lenipiw on September 06, 2020, 02:47:55 PM

Title: Here’s Why Yearn.Finance (YFI) Remains Long-Term Bullish After 35% Drop
Post by: Lenipiw on September 06, 2020, 02:47:55 PM

Yearn.finance (YFI) remains in an advantageous position despite its strong correction from local highs, analysts say.

Like Bitcoin, Ethereum, and other top digital assets, YFI has faced a strong retracement over recent days as legacy markets have been crushed by a rising dollar. The decentralized finance coin has been hit especially hard, actually.

Check out the chart below, which shows that the Ethereum-based coin has faced a steep correction over recent days after peaking just shy of $40,000.
Visit here: https://www.newsbtc.com/2020/09/05/heres-why-yearn-finance-yfi-remains-long-term-bullish-after-35-drop/

Title: Re: Here’s Why Yearn.Finance (YFI) Remains Long-Term Bullish After 35% Drop
Post by: highnayem34 on September 08, 2020, 01:40:01 PM

Santiment, a blockchain analytics firm, shared this tweet below just recently explaining why YFI remains in a positive state from a longer-term perspective. The company noted that users of Aave are depositing YFI into the lending pool, social volume for the cryptocurrency has remained strong, and data suggests vast accumulation is taking place with the coin.