Defi Tokens Rally

[bigcash2011]

I will not be buying yearn finance tokens because the price is huge and i have not researched about it so i cannot just blindly buy a coin because of rising price. Secondly with the market condition right now we may see a short term market correction.

[vanjava]

Indeed, defi is currently being discussed in the cryptocurrency world, but you also have to be aware of very drastic price developments, I suggest not to be provoked when prices are rising unless you are already investing at low prices.

[wawan96]

Yearn.finance gains 9.18% within the last 24hrs.So are you thinking to invest in it?

yearn finance so popular at this time I also know the product Defi has the highest price at the moment I think this is really an improvement altcoin to supply a bit at this point I did not dare to invest in YFI because the price was too high especially at risk if the price suddenly dropped and left so much loss really can not deny that an investment has a risk of loss.

[TERMINO]

29.97K coins, Very few supply of yearn.finance. No wonder why the price spike so high and timely DeFi trend. I cannot afford to buy this token. One token is equal to $22,207.92 higher than Bitcoin price $10,192 , I think this is just for rich investors.

[highnayem34]

its better to buy some eth, i think YFI is good to move till now but i dont take any kind of risk to buy this. i always looking for eth. this green market you can get profit but think is how to control your loss.

My answer is same with your suggestion. Dont look for green market for investment. Look the future project development.

[highnayem34]

YFI has had huge increase in last week. Too much for me to feel comfortable. Only 30000 available but what is reason for increase? Dump coming?

The reason for this huge price is no pre ico or sales just mining. Even owner doesn't own any Yfi.

[highnayem34]

I missed the train, because I saw the project early but fail to invest. I like the project but won't touch it now until the whole DEFI market correct, this is when we will separate the men from the boys

How did you first watch it or see it.?

[Alcor]

Yearn.finance gains 9.18% within the last 24hrs.So are you thinking to invest in it?

Those who invested in the YFI token in the early stages of its appearance in July and before the beginning of September have a good profit if it was later fixed. In the last week, we have seen a drop in the price and capitalization of the YFI token. If earlier this token rose to position 20 in the CoinMarketCap table and its price was more than $ 40,000, and its capitalization was more than a billion dollars, now YFI is in 26th place, its price is $ 27,498, and its capitalization has dropped to $ 824 million. It looks like the phenomenon of the value of this token is passing.

[lepbagong]

Yearn.finance gains 9.18% within the last 24hrs.So are you thinking to invest in it?

Those who invested in the YFI token in the early stages of its appearance in July and before the beginning of September have a good profit if it was later fixed. In the last week, we have seen a drop in the price and capitalization of the YFI token. If earlier this token rose to position 20 in the CoinMarketCap table and its price was more than $ 40,000, and its capitalization was more than a billion dollars, now YFI is in 26th place, its price is $ 27,498, and its capitalization has dropped to $ 824 million. It looks like the phenomenon of the value of this token is passing.

but this token also has quite high resilience, it dropped to $ 18K on 05 but it went up again and even had time to make a record on the 13th with $ 43K  , it looks like it's still tough enough to try to move back. whether the current decline will make another increase in the next week?
There are still questions that need to be looked at and the possibility could happen or it is according to your predictions that this token phenomenon has indeed passed.
we will wait the next few weeks whether there will be a good change or is it just a story.

[tervel]

After months of sustained growth, September 2020 started with a slight fall back down to earth for the volume of finance caught up in DeFi projects. While there may be the reason to believe that the growth of DeFi has been inflated by the lure of hefty returns and excitement of advanced financial services.I think I'll wait, I'll watch at the same time.

[Dora Walletinvestor]

I agree with those saying this rise is not a reason to invest. The rising price in and of itself doesn't necessarily mean a drop is coming but I would be concerned that it just ends up being a bubble. Although it's interesting to see how it has reached even higher peaks since the original post on this thread. I find it too erratic and unpredictable at this point, but I am interested in watching where it goes in the future.

[Lorix]

The YFI coin is a new discovery in the market. The coin has caught the eye of various investors in the market. Those who invested have benefited. Investors have benefited to such an extent that it is doubtful whether they will get any such project in the future. So I think investors have traded a lot for this coin. They are waiting for the price of Yfi coins to rise in the market to be profitable.

[Vladok]

Yes, the growth of defi projects was very impressive in terms of scale, but now everything has gone into decline, but I think that this is not the end.

[AllSii]

This rally of Defi tokens stops at the moment when the price of bitcoin begins to decline. And now we see how in 2 days the price of YFI decreased by 50% as soon as the price of bitcoin reached the price of $10500.

[Senin]

This rally of Defi tokens stops at the moment when the price of bitcoin begins to decline. And now we see how in 2 days the price of YFI decreased by 50% as soon as the price of bitcoin reached the price of $10500.

Yes, such a sharp decline in prices in the cryptocurrency market, including for DeFi projects, will sober up many investors. The YFI token has risen in value over forty thousand dollars, and now its price is $ 24,626. I see only a positive result in this. It would be much worse if the hype with the skyrocketing DeFi token led to big shocks in the market during its overall price growth in the fourth quarter. The current situation with price correction will only make this market healthier.