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Yearn Finance and Sushiswap Collaborate, Will YFI Price Touch $100k?

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Highlights

    YFI merged with SUSHI, moving the entire liquidity of Keep3Rr to Sushiswap.

    YFI price is expected to touch its all-time high and drop slightly before heading towards $100K

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.

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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

Also Read:  Top 10 Cryptocurrencies One Should Look Out to Invest in 2021

YFI Price To Touch $100K?

YFI and SUSHI chart

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.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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