Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on September 18, 2020, 06:35:07 AM
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I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.
Why someone thinks YFI is the compitator of bitcoin?
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Bitcoin is ranked No. 1 in terms of coinmarketcap.com ranking. However, Bitcoin is number one in terms of ranking, but also number one in terms of popularity. Because many people exchange their trading to Bitcoin. So I think Bitcoin's popularity is high. But now the YFI market has shown surprises. The price of YFI has risen at a rate that may seem unbelievable but is now a fact. So YFI price 3 times more than Bitcoin. However, the popularity is not high.
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Bitcoin is ranked No. 1 in terms of coinmarketcap.com ranking. However, Bitcoin is number one in terms of ranking, but also number one in terms of popularity. Because many people exchange their trading to Bitcoin. So I think Bitcoin's popularity is high. But now the YFI market has shown surprises. The price of YFI has risen at a rate that may seem unbelievable but is now a fact. So YFI price 3 times more than Bitcoin. However, the popularity is not high.
Hey brother you are right because DeFi never cross bitcoin at all because about 80% projects and investors arrange their trading platform with bitcoin pair. Most of the countries in the world directly or indirectly related with bitcoin. So DeFi never replace bitcoin.
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Because YFI price is greater than Bitcoin. I think that's the only reason why it seems YFI is a competitor to Bitcoin. However, in the future if DeFi will take over the crypto world, YFI will become the rank one in DeFi tokens and could become the rank #1 in cryptocurrency if the popularity and marketcap increase.
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Bitcoin is ranked No. 1 in terms of coinmarketcap.com ranking. However, Bitcoin is number one in terms of ranking, but also number one in terms of popularity. Because many people exchange their trading to Bitcoin. So I think Bitcoin's popularity is high. But now the YFI market has shown surprises. The price of YFI has risen at a rate that may seem unbelievable but is now a fact. So YFI price 3 times more than Bitcoin. However, the popularity is not high.
Hey brother you are right because DeFi never cross bitcoin at all because about 80% projects and investors arrange their trading platform with bitcoin pair. Most of the countries in the world directly or indirectly related with bitcoin. So DeFi never replace bitcoin.
Yes, our country also has the highest amount of bitcoin transactions. There are many users of Bitcoin in our country. So it is not possible to suppress Bitcoin.
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I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.
Why someone thinks YFI is the compitator of bitcoin?
They have different use case bitcoin is a legendary one but of course this is a prime hold. While yfi established the yield farming and being utilized now to earn from locking tvl. Both tokens are great and seems to be have same caliber in different ways.
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I don't think it can be compared to Bitcoin.Bitcoin will remain the number one number of all time.I don't think he can get to the top of any coin.However, the top best defies have suddenly created quite a stir in the market.This is definitely a good thing.
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I don't think it can be compared to Bitcoin.Bitcoin will remain the number one number of all time.I don't think he can get to the top of any coin.However, the top best defies have suddenly created quite a stir in the market.This is definitely a good thing.
Yes. I also think it is not fair to compare any coin or token with Bitcoin. Because the name of a coin established in the Bitcoin market. I would like to give such examples. If you have different types of manager's work. Then you can see that there are some managers who manage a couple of bounty throughout the year, their bounty is successful. So they are successful people. However there are some managers who are not successful even after running a lot of boumty. So they are unsuccessful people. So I think Bitcoin is successful. Bitcoin's popularity is high.
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I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.
Why someone thinks YFI is the compitator of bitcoin?
Bitcoin is the king of all cryptocurrency including YFI. Both are different in nature. You can't compare YFI with Bitcoin only with price. Other features like popularity, usages, marketcap will play a big factor where Bitcoin is the top of all crypto. I don't think it is wise to compare YFI with Bitcoin as king (Bitcoin) is all time king.
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I don't think it can be compared to Bitcoin.Bitcoin will remain the number one number of all time.I don't think he can get to the top of any coin.However, the top best defies have suddenly created quite a stir in the market.This is definitely a good thing.
I don't think so because YFI a temporary hype and it wouldn't survive long-term. So before investing YFI should be careful.
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From the side of Price, yes, YFI is more than BTC, as a competitor, YFI has a higher price.
However, the rivalry of cryptocurrencies is not always on the price. But its value, trading volume, trust, and also its utility. And here, BTC still doesn't have balanced rivalry.
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Currently YFI rank has dropped and is at 41st, maybe YFI uphoria has started to fall and is not as exciting as it was a few weeks ago. And it needs to be noted that not everyone thinks that YFI is a compitator of Bitcoin, because Bitcoin is a coin that has no equal.
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Currently YFI rank has dropped and is at 41st, maybe YFI uphoria has started to fall and is not as exciting as it was a few weeks ago. And it needs to be noted that not everyone thinks that YFI is a compitator of Bitcoin, because Bitcoin is a coin that has no equal.
The highest rank of yearn.finance in CMC 31 but day by day yearns Finance ranked decreasing and today ranked 41 th. But how can I consider YFI as bitcoin compitator.
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Although many people think that YFI is the competitor of Bitcoin and they think that YFI can beat BTC, I don't think so. Well yeah, it is true that YFI really can pass the price of BTC in very few months. But YFI cannot have a value more than BTC has yet.
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yearn.finance price today is $14,727.17 USD with a 24-hour trading volume of $276,324,138 USD. yearn.finance is up 8.29% in the last 24 hours. The current CoinMarketCap ranking is #39, with a market cap of $441,339,462 USD. It has a circulating supply of 29,968 YFI coins and the max. supply is not available. You can find the top exchanges to trade. So why we compare YFI as bitcoin competitors. It's a temporary hype in CMC.
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yearn.finance price today is $14,727.17 USD with a 24-hour trading volume of $276,324,138 USD. yearn.finance is up 8.29% in the last 24 hours. The current CoinMarketCap ranking is #39, with a market cap of $441,339,462 USD. It has a circulating supply of 29,968 YFI coins and the max. supply is not available. You can find the top exchanges to trade. So why we compare YFI as bitcoin competitors. It's a temporary hype in CMC.
It's a daily updates from coinmarketcap but price already more than bitcoin but ranked already below a lots of coins. YFI can't keep its price when YFI supplies will increase.
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Yearn.finance (YFI) already crossed the bitcoin price mark but impossible to replace position. Price not a factor in cryptocurrency market. It always unstable in nature and always pumping dumping. But daily trading volumes and number of investors and traders are also a prime factor in cryptocurrency market.
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yearn.finance price today is $14,727.17 USD with a 24-hour trading volume of $276,324,138 USD. yearn.finance is up 8.29% in the last 24 hours. The current CoinMarketCap ranking is #39, with a market cap of $441,339,462 USD. It has a circulating supply of 29,968 YFI coins and the max. supply is not available. You can find the top exchanges to trade. So why we compare YFI as bitcoin competitors. It's a temporary hype in CMC.
The total supply of YFI is 30000 and Circulating supply is 29968. May be its total supply and maximum supply is same. I have tried to find out but not there in their website and coinmarketcap. I believe its a temporary HYPE which game is about to end. Already those who participated in the boom period, now started to regret as its price daily decreases.
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In fact, YFI founder Andre Cronje, who spreads this idea and works in the DeFi field, I think he knows the business.
Now, the Keep3r Network project has been released. Trading operations have begun on Uniswap. KP3R / ETH is being traded with the price of $ 100.
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I think as it is why it appears YFI could be a competitor to Bitcoin. In any case, within the future in case DeFi will take over the crypto world, YFI will gotten to be the rank one in DeFi tokens and seem ended up the rank #1 in cryptocurrency.
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I think YFI may not compete with BTC because bitcoin control's the crypto market. A fall in price of Bitcoin definitely affect the prices all altcoins in the market including YFI tokens.
In a nutshell, YFI is not a competitor of Bitcoin and may never be a bitcoin competitor in near future in my opinion.
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In fact, YFI founder Andre Cronje, who spreads this idea and works in the DeFi field, I think he knows the business.
Now, the Keep3r Network project has been released. Trading operations have begun on Uniswap. KP3R / ETH is being traded with the price of $ 100.
Have you read this post I wrote yesterday?YFI's founder project KP3R .. started trading at $ 2 and saw an incredible $ 200. It has a volume of 35 million dollars.I bought it for $ 3 and sold it for $ 20. I regret :)
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I think it's not, Bitcoin has a store of Value, while Defi token YFI is just pure speculation and it will be destined to drop sooner or later.
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As Bitcoin rises, it should rise in YFI.
But Bitcoin went up to $ 14,000. YFI is down to $ 10,000, when will it see $ 45,000? or when will it rise to $ 100,000 as some people say
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YFI is not a competitor to Bitcoin, YFI did have a price 3x more than Bitcoin. But now Bitcoin overtakes YFI, and Bitcoin has the number one highest price again. Bitcoin has no opponent, including YFI!
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As Bitcoin rises, it should rise in YFI.
But Bitcoin went up to $ 14,000. YFI is down to $ 10,000, when will it see $ 45,000? or when will it rise to $ 100,000 as some people say
Today bitcoin price $13860 and YFI price below bitcoin and now price $10326
Details : https://coinmarketcap.com/currencies/yearn-finance/
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i think YFI is better then bitcoin if bitcoin touch 20k then YFI will touch 40k.
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i think YFI is better then bitcoin if bitcoin touch 20k then YFI will touch 40k.
I think that we will not see such a ratio of the prices of bitcoin and the YFI token. Now the price of bitcoin is $ 13,694, and the price of the YFI token is still falling and is now $ 9,511. Its capitalization is also falling. If at the recent peak of its price YFI had a capitalization level of just over one billion dollars, now it has fallen to a minimum of 285 million dollars. The hype around this token is over, investors have already switched to other profitable projects, and this one is unlikely to rise in price to $ 20,000.
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I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.
Why someone thinks YFI is the compitator of bitcoin?
3 times more than bitcoin?? See the price now, only $9,5K and bitcoin 13K. The point is Defi coin will over and no one coin can be a competitor of bitcoin
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I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.
Why someone thinks YFI is the compitator of bitcoin?
3 times more than bitcoin?? See the price now, only $9,5K and bitcoin 13K. The point is Defi coin will over and no one coin can be a competitor of bitcoin
The bitcoin price has now risen to $ 14,269 and continues to rise. At the same time, the YFI token continues to fall against this background. Now its price is $ 8553, and its capitalization has dropped to $ 256 million. If even with a good rise in the price of bitcoin, the YFI token continues to fall, then it is unlikely that it will be able to re-rise to at least half of its previous price record. Investors in this token were left at a big loss.
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I dont think so, YFI is just another bubble that can explode soon, the price is absolutely induced by hype. so we better stop comparing it to Bitcoin because BTC has done many trials before it reaches its price today.
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YFI is now 8k btc 15k YFI is so risky be carefull guys loot scamer in DEFI project.
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YFI is now 8k btc 15k YFI is so risky be carefull guys loot scamer in DEFI project.
Yes sir, you can compare with excellent example of price differences. Bitcoin price movement upward and yfi price movement downward. How can yfi competitive with bitcoin.
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YFI never will be a competitor of bitcoin because the hype of the farm coins are gone and now all this coins will going to worth nothing.BTc is most popluar and used cryptocurrency in word and will be for a many more years.
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YFI never will be a competitor of bitcoin because the hype of the farm coins are gone and now all this coins will going to worth nothing.BTc is most popluar and used cryptocurrency in word and will be for a many more years.
YFI never competitors of bitcoin because bitcoin is the best Cryptocurrency in CoinMarketCap and yfi is the 34 over position coins in CoinMarketCap.
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In what term? In the term of price, yes, YFI is the competitor of BTC, it has a higher rate in very short time passing BTC as well. However, in the term of quality, value, trust, and also reputation, BTC has most, highest that others. I think no altcoin can replace or even pass BTC in this term. I would love this coin forever
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Of course, YFI cannot be a BTC competitor .. But can it be too high in terms of price.It dropped to $ 7,500 yesterday.It then increased by over 100% in 36 hours, with the price of YFI up to $ 18,000.
According to analysts, the YFI has not reached its highest point according to futures data, and therefore it will come out for an increase.
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The YFI currency was three times more expensive than Bitcoin. As a result, there were various news and discussions on this subject in the cryptocurrency market. This topic was discussed in our forum for a few days. Some users who support YFI say that Bitcoin has taken its place. But that will never happen. Because Bitcoin has been around for a long time. As a result, Bitcoin has both demand and popularity. So this coin will not be able to take the place of any newly selected or new coin, Bitcoin.
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Bitcoin is a currency that is at the top or number one position in the cryptocurrency market. Although the price of YFI DeFi token is three times more than the currency, it will never be able to replace the status of Bitcoin. Although the price is three times higher but the number of users from Bitcoin is not high. If you look at Total Supply and Max Supply, you will understand why the value of coins has increased so much. But now it has come down a lot from Bitcoin.
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The price of YFI coins was three times higher than that of Bitcoin. Currently Bitcoin has come down a lot. This trend will continue. YFI grew in popularity overnight. Thus, if the price of a coin increases overnight, it will not be able to hold the price in a few markets. This is normal. Because if you want to keep the price, you have to gain popularity gradually. As such Bitcoin has slowly gained popularity.
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The price of YFI coins was three times higher than that of Bitcoin. Currently Bitcoin has come down a lot. This trend will continue. YFI grew in popularity overnight.
I don't think so. YFI's popularity It has diminished today, Bitcoin has always been the choice of investors and the price of bitcoin has increased
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I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.
Why someone thinks YFI is the compitator of bitcoin?
There is no way it could be. I think YFI just hype and it's market manipulation. You can see now why I am telling this. It was above 40k now it's under 15k. You see what type of situation is here and how volatile that market is? Right now there is no competitor of bitcoin and I do not think there will be any very soon.
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The price of YFI tripled from Bitcoin. If you visit to CMC, you will see that the total supply is much less. So I think it's normal for the price of these coins to go up. Because all the members of the team can always think about its improvement. However, the current price of YFI went down from Bitcoin. But again Bitcoin has risen to the top. But people think the market is competitive with each other. I don't care.
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Mutual funds reentering the DeFi market is a development that puts YFI forward.Because now big companies are adding to their funds like BTC in YFI. I think the YFI price will set a new record in the coming days.It is necessary to follow the di Defi tokens well in the market.
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YFI is still far below Bitcoin, that's what I see. Even now that Bitcoin is more expensive than YFI, YFI's price has gone down considerably. The popularity of the DeFi project has dropped and I'm not sure YFI's price will ever go up as high as it was some time ago. People will be afraid of being trapped after buying YFI at a high price, as was the case yesterday.
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YFI is now 8k btc 15k YFI is so risky be carefull guys loot scamer in DEFI project.
Hey guys again checking the yfi market and bitcoin market. Yfi and bitcoin nearly same. Yfi now the competitors of bitcoin. But yfi never replace bitcoin anyways.
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YFI is not competing with BTC because they have different functions, in fact, the YFI token is also backed by Wrapped Bitcoin so they are not competing with each other because they have a different purpose and function.
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It doesn't matter what price YFI will reach, because bitcoin is still much more popular and in demand, and therefore YFI will not be able to compete with bitcoin, the only thing YFI can do is just overtake the price of bitcoin and that's all, but of course I was surprised when I saw YFI price and trading volume of this cryptocurrency, because this cryptocurrency appeared suddenly and has already reached such incredible heights.
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YFI is not competing with BTC because they have different functions, in fact, the YFI token is also backed by Wrapped Bitcoin so they are not competing with each other because they have a different purpose and function.
How can it possible sir ,, bitcoin is the best cryptocurrency in the cryptocurrency market which trading volumes 200000 times than the yfi finance. More than thousands projects are arranging it's trading platform with Bitcoin.
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The price of YFI is slightly higher than the current bitcoin. But three times more than Bitcoin. The current price of YFI is now 16,648$. The cryptocurrency market changes every moment. Bitcoin's current price is $16,298. Over the last few days, the price of YFI has been slightly lower than that of Bitcoin. So I think this price never holds the popularity of the coin. Looking at the number of users in the market every day, it is clear which coin is the most popular.
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The price of YFI is slightly higher than the current bitcoin. But three times more than Bitcoin. The current price of YFI is now 16,648$. The cryptocurrency market changes every moment. Bitcoin's current price is $16,298. Over the last few days, the price of YFI has been slightly lower than that of Bitcoin. So I think this price never holds the popularity of the coin. Looking at the number of users in the market every day, it is clear which coin is the most popular.
This does not mean anything. More recently, the price of YFI on exchanges was twice as high as Bitcoin.In my opinion, it was artificially overestimated. This was done most quickly for speculative purposes. But YFI has now shown its true value. Bitcoin is still the number one coin, despite the fact that it is slightly lower in price than YFI.