Yearn Finance on the Verge to Dominate DeFi Space
Yet another merger of Yearn Finance as announced by the founder, Andre Cronje. After a series of collaborations with Cream Finance, Cover Protocol, Keeper DAO, etc now a new name to join in this list is Sushiswap.
With the announcement making rounds in the crypto space, YFI price and SUSHI price surged to their respective next levels. YFI price surged above $28,000 levels whereas SUSHI price is very close to $2.
The official announcement also mentioned the ‘Synergies’ of the collaboration like
- Development of YFI & SUSHI resources,
- Increase in TVL Sushiswap and Yearn
- Integration of Keep3r with Sushibar V2
- Yearn to help create xSushi vaults and many more
YFI Price To Touch $100K?
YFI token since its inception had gained the spotlight in the entire DeFi space by gaining more than 1000 percent in less than a month. But when it dipped drastically below $10K, many anticipated YFI to be rugged pulled and fume into ashes.
But the DeFi token rose enormously, on the verge of conquering the entire DeFi space. The YFI price surge remarkable from less than $8000 to close to $28000 within a month. At the time of composition, YFI price stands at $27,812 with a jump of 8.52 percent in the last 24 hours.
One of the analysts predicts that YFI price is all set to touch its all-time high of $41,798 and drop slightly. However, he further also predicted that YFI price would touch $80K to $100K after the price correction.
Collectively, the entire DeFi space is completely bullish and expect the YFI token to surge to new levels in the coming days. Also with the collaboration, YFI and SUSHI are expected to deliver productive and profitable platforms for their holders.