Yearn Finance to Break Into a Bull Rally! YFI Price May Hit $100k


    YFI surged massively soon after its listing on major exchanges like Coinbase, Huobi, KuCoin, etc

    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 Price Soared Nearly 20 Percent

The highly-priced token 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.

yfi price chart

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!

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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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