DeFi tokens seems not affected by Bitcoin price dump.
YFI price $40,176.07 at rank #20 with market capitalization $1.2 B.
If the trend of DeFi will not subside do you think it is possible that YFI will become the #1 cryptocurrency?
Already now we can confidently say that the YFI token will never be the # 1 cryptocurrency. Most likely, it will not rise in price either to its previous price record of more than forty thousand dollars. Recently, the YFI token has dropped very much in its price and especially in the level of capitalization. Now that bitcoin and other cryptocurrencies have begun to actively rise in value, the YFI token continues to fall.
Today we see that the price of bitcoin has risen to $ 12,436, ethereum to $ 384, and the YFI token, on the contrary, fell to a record $ 13,273. Moreover, its capitalization also fell to $ 397 million for the first time. After a $ 1 billion capitalization, this is impressive.