Yearn Finance's governance token, (YFI), reached a new milestone today, Increased $ 50,000 for the first time in history.
Today, YFI price is $50.106,77 USD with a 24-hour trading volume of $1.636.371.056 USD. YFI is down 6,64% in the last 24 hours. YFI has gained 33% in the last 24 hours and 60% in the last 7 days.The current CoinMarketCap ranking is #43, with a market cap of $1.835.650.970 USD. It has a circulating supply of 36.635 YFI coins and a max. supply of 36.666 YFI coins.
YFI in-house token YFI has a fixed supply of 30,000 coins. There was no premine upon launch in July 2020, and developers did not receive any starting funds: the total supply at launch was 0 YFI.
Since then, the majority of the capped supply has entered circulation, and the success of the token is reflected in its all-time high price of $41,000, which it hit in mid-September 2020. YFI was also the first cryptocurrency to become worth more than Bitcoin (BTC) per unit.
Grayscale Investments is New York-based cryptocurrency management firm. The earnings came about with an LLC registration for a prospective Yearn Finance Trust of Grayscale Investments. Grayscale is collecting additional cryptocurrencies based on corporate demand. Therefore, analysts often view their purchases as bullish for related assets. Therefore, YFI's price increased sharply.
Traders expect the price to rise further. An anonymous analyst on Twitter stated that YFI could press for a valuation of $ 150,000 based on technical readings against Bitcoin. In retrospect, the YFI / BTC exchange rate showed signs of breaking through the bullish channel and forming a strong upward trend.
Resources:
https://www.coinkolik.com
https://coinmarketcap.com
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