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YFI Price Soared Nearly 20 Percent
The highly-priced token yearn.finance(YFI) continued its streak and surged even higher with the announcement of listing on Coinbase Pro. YFI jumped from $29K to $33K within hours of listing on major exchanges. It is priced at $37,127 with a positive change of 12.53 percent at the press time.
The YFI token created records with an exceptional surge since its inception. However, it entered a bullish phase on August 28, 2020, at $14,328. With the pump in the DeFi space, the token became the costliest token ever priced at $38,187 on August 31, 2020. Within a couple of days, it managed to multiply three times in terms of price and volume.
The Token to Hit $50k Soon
The current push that occurred due to the huge announcements of listing on the major exchanges, initiated at $21,831. And within 24 hours, the token rose sharply above $37,000 and is still continuing.
If the support levels are taken into consideration, they appear to have risen significantly from $14K to $21K. Therefore, we can expect a massive bull rally for the token in the coming days. It may surpass $50,000 in the coming days, probably by next week as it’s testing the resistance levels at $38,000 currently.
However, few analysts and researchers predict even more huge support levels for the token. As per them, YFI could hit $100K also by year-end or by 2021.
Will YFI touch $100K or slide down by attaining new ATH?
Tag us with your prediction!
Summary
Article Name
Yearn Finance to Break Into a Bull Rally! YFI Price May Hit $100k
Description
The breadth taking speed is expected to continue further till it attains $50 K in the next few days and $100K in coming days.
The new resistance levels that need to be successfully tested for a major bull run is anticipated at $38,000
YFI surged massively soon after its listing on major exchanges like Coinbase, Huobi, KuCoin, etc
Author
Sahana
Publisher Name
Coinpedia
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