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BTC and YFI Competing to Be Exorbitant, Which Will Hit $50k First?

Highlights

    The historical BTC bull run touched the highs above $41,500 and the path to $50,000 was very clear until a pullback below $39,000 encountered

    The most disruptive DeFi token, YFI, on the contrary, gained immense momentum to rally above $35,000 with a drastic jump of more than $10,000 in a day

    BTC and YFI both share more or less similar all-time high, therefore the race to $50,000 is expected to be more thrilling

YFI Breakout is Imminent!

YFI the governance and the native token of Yearn Finance platform is known to rally like a monster to attain the highest ever possible levels in a very short span of time. However, in the past months, the YFI price was trending within a very narrow margin and also experienced more pullbacks than price boost. 

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Currently, YFI price is trending within a triangle, where-in a possible break out is imminent to maintain the uptrend. According to one of the analysts, UB, YFI price is all set to hit $40,000 this weekend and he further says that the price will further rally high after the ATH is surpassed.

Moreover, as per another analyst, NICO, YFI price will soon be equal to 1BTC+ as the volume is getting more and more accumulated.

BTC or YFI? Which Has Token to Hit $50k First !

The YFI price was trending sideways during the Bitcoin bull run which has almost doubled the BTC price within a month. The Bitcoin price crossed YFI price and maintain a pretty large margin and it was anticipated that BTC will hit $50K any time as YFI price was still below $28,000 and BTC was already above $41,000.

But in the game plan completely flipped in the past working day, where YFI price rallied like a monster gaining more than $10,000 and approaching $40,000 strongly. The Bitcoin price is currently experiencing a dip due to the constant selling, however, YFI price appears to be very stubborn as plunges and pullbacks are just discarded in the ongoing bull rally.

At the time of writing, Bitcoin price stands at $39,704 and YFI price is $38,249. Bitcoin has lost nearly $1000 but YFI has gained more than $3000. Therefore, it is expected that the YFI price may flip BTC price anytime from now. But the most interesting race to hit $50,000 will be the most thrilling event in the crypto space.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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