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22 September 2020

Top crypto traders explain why Yearn.finance (YFI) may top $50K soon

Top crypto traders explain why Yearn.finance (YFI) may top $50K soon


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Prior to the rally, the price of YFI was relatively stable above $20,000, which is close to its macro support level at $19,500.

One pseudonymous trader known as “Benjamin Blunts” said before the rally above $40,000 that YFI would likely reach new highs near $50,000.

At that price point, Yearn.finance would be valued at around $2 billion

11, Coinbase announced that it would list YFI on Coinbase Pro, allowing users to trade YFI by Sept

Almost immediately after the listing, the price of YFI rose by 20% and the price has bounced around the $40K level since

Assets that list on Coinbase typically pump before listing, then dump shortly thereafter

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