Cryptocurrency Price Prediction

Yearn.Finance Price Prediction, Will YFI Price Hit $100K By 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 4, 2022

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The crypto market has seen exceptional growth over the past year. Especially, at the beginning of the year, 2021 many altcoins trended with massive profits, one such prominent asset is Yield Finance.

YFI crypto is one such Defi token that had given Bitcoin a run for its money in the past. At some point, the YFI coin price had exceeded the Bitcoin price and trended for quite a long time. 

In this article, let us try to understand in brief about yearn. finance price prediction for 2022 and beyond. All your thoughts will be cleared at the end and you will get all your queries sorted?

Overview

CryptocurrencyYearn.Finance
TokenYFI
Price$
Market cap$ 240,331,529.0000
Circulating Supply 31,621.0941
Trading Volume $ 0.0000
All time high$ 90,787.0000 May 12, 2021
All time low$ 31.6500 Jul 18, 2020

yearn.finance (YFI) Price Prediction For 2022

Potential LowAverage PricePotential High
$36,479.28$49,055.06$57,812.22

  The digital asset had kickstarted the year 2022 on a positive note, with a price tag of $38,365.76. In mere two days, YFI saw its wick brushing the price tag of $41,818.39. A slip down from the peaks took the price down to $22,828.89, by the 22nd of January. After a series of accumulations until the 10th of February. The altcoin faced the brunt resulting from geopolitical tensities between Russia and Ukraine. 

Wherefore, the price of YFI slipped down to $19,376.26, by the 24th of February. Whilst the cryptocurrency did attempt to climb up to $22,311.0, by the 3rd of March. But lack of interest amongst investors and ebbing volumes led to a fall to $18,081.52. YFI posed a magnificent uptrend over the next 17 days, which led to the quarter’s closure at $24,900.48.  

yearn. finance’s (YFI) Price Prediction For Q2

  After a healthy run-up to $25,332.06, by the 4th of April. The Defi asset swung down to its multi-month low of $16,700.47, on the 30th of April. The digital coin is presently trying to establish its reign at $18,426.78. A spike in volumes and a possible alt season will help YFI’s price rise to $27,261.35, by the quarter’s end. 

Conversely, the ebbing stance of Defi’s and diminishing volumes will result in the potential low of $19,096.89. Successively, constrained by the linear price trajectory, the average price could land at $22,656.26

YFI Forecast For Q3

  Developmental and community building initiatives could turn imperative for the price projection of YFI. Furthermore, the rise of Defi protocols, growing TVL in the sector, could rejuvenate the heat of the altcoin. Wherefore, the price could smash its potential high at around $37,269.39

On the other hand, negative criticism or a possible market crash could slash the price down to $25,154.39. Successively, an equilibrium in buying and selling pressures could land the price at $31,738.63

YFI Prediction For Q4

  If the fourth quarter opens up optimism and calls the bulls. The price of YFI could reach a maximum of $57,812.22, by the end of the year. However, if the bears outweigh the bulls, YFI’s price could stumble down to its potential low of $36,479.28. Considering the bullish and bearish targets, the average price could settle at $49,055.06

Yearn. Finance YFI Price Forecast For 2023

The network has deployed a fast, secure, and reliable network and performs with the user experience of the product. The above features could boost the YFI price to surge as high as $94,897.71, by the end of 2023. On the contrary, the price would flip down to $60,646.6, in the case of a reversal in the market sentiments. 

Price Prediction For The Next 5 Years

In the next 5 years, YFI might reach newer heights if it doesn’t come across any difficulties. It may strengthen its protocol as well as the user base. It might also build several projects for the betterment of the platform. For the next 5 years, yearn. finance might reach as high as $164,257.10. Conversely, if YFI loses its steam in view of emerging rivals, the price could slump down to $88,656.66

YearPotential LowPotential High
2023$60,646.6$94,897.71
Next 5 Years$88,656.66$164,257.10

What Does The Market Say?

Digital Coin Price

According to the forecast of Digital Coin Price, YFI’s price could trade at a maximum of $24,881.78 by the end of 2022. The firm expects the minimum and average targets to occur at $21,831.68 and $23,267.20. Further, the analysts expect the price to reach a maximum of $28,547.91 by the end of 2023. And a maximum of $38,748.71, by the end of 2025.

Wallet Investor

According to Wallet Investor, by the end of 2022, YFI could trade at a maximum price of $38,731. The analysts from the firm anticipate the average price to fall to $25,376, On the contrary, the price may plummet to $12,632 by 2022. 

Longforecast.com

As per longforecast.com, by the end of 2022, YFI’s price could trade around an average price of $9,350. And with an accelerated rally, the price may also shoot up to $10,645. The analysts from the firm believe that the YFI price could chug up to a maximum of $27,728, by 2025. That said, the average and minimum possibilities are expected at $25,914 and $24,100.

Trading Beasts

According to Trading Beasts, yearn. finance is forecasted to hit a maximum price of $22,037.835 by the end of 2022. The firm expects that by minimum it could drop to $14,985.728. Successively, the token is expected to trade at an average price of $17,630.268. Trading Beasts predicts YFI to trade at an average price of $23,193.132 by 2025.

To read our price forecast of THORChain click here!

What is Yearn. Finance (YFI)?

It is an open-source, decentralized finance lending protocol that runs on the Ethereum blockchain. The platform is intended to further simplify the emerging Defi space for traders who are not technically strong. It allows users to optimize their crypto assets through lending and trading services. 

YFI is a sub-governance token of yearn. Finance. The native token of the platform could be utilized as a reward mechanism for liquidity mechanisms and as well as for YFI holders.

The Yearn. Finance platform utilizes advanced tools to act as a crucial aggregator for Defi protocols including Aave, Curve, and Cosmos. New additional features which are going to be rolled out will help preserve the long-term value of the platform. 

Fundamental Analysis

It was created by Andre Cronje and his team. The Defi project has no pre-mined coins, no pre-sale, and no investors. Yearn. finance is a system that depends on other Defi services such as Aavesome, BalancerLabs,  Uniswap, and many more.

One of the central practices of yearn is that you can stake your stablecoins such as DAI, USDC, TUSD, USDT, etc… to earn passive income. YFI is only granted to specific liquidity providers in the yearn ecosystem. In Yearn. Finance V2, the team had introduced a new project known as Vault. It is actually a smart savings account that augments the value accrual of deposited assets.

Our YFI Prediction

If the platform launches applications like iEarn that have experienced massive growth in 2020, then traders would enjoy magnificent profits this new year. 

As per Coinpedia’s formulated Yearn. Finance price prediction for the Defi token may reach as high as $57,812.22 by the end of 2022. and might reach around $7 2023. On the flip side, YFI might slump down to $36,479.28

Historic Market Sentiments

2020

Yearn. finance made its existence in the crypto market on 21st July 2020 with a price of $804.44. YFI started an upward trajectory from the day it was launched as it got recognized in the market. The defi token drastically surged to $4,156.59 at the end of July. The price significantly started to hike as the token gained the attention of the market. Interestingly, the price swelled to $33,545.84 by early September as it got listed on one of the most popular exchange Coinbase Pro.

Later, YFI broke its previous price records to reach a new All-Time-High of $43,873.82 by mid-September and shockingly sank to $22,595.61 by the end of September. YFI  declined terribly to $12,482.63 by early October with the tremendous supply pressure.

 The altcoin sank to $8,395.52 by early November as the market turned bearish. Further, it started an upward trajectory to hit $28,433.62 by the end of November amidst the expansion of Bitcoin’s price rally. YFI experienced several price variations and managed to trade at $29,959.52 at the end of December 2020. 

2021

The price maintained a rising trend in 2021. It traded at a price of $22,281.84 at the start of 2021, due to the decline of the crypto market. Further, the price surpassed its resistance level to reach $37,571.19. The price further surged magnificently and hit its all-time high at $93,435 in the mid of May.

Owing to the Chinese market crash on May 19th, YFI’s price had undergone a steep fall reaching $32k in just four days. However, the DeFi protocol had failed to gain momentum from there with the consecutive generation of higher lows. It reached the crucial bottom of $19,585 on 14th December 2021. Towards the end of the year, it experienced nice pair spikes ending up the year on a positive note.

Click here to read our prediction of Compound (COMP) click here!

FAQ

Q: Is YFI a good investment?

A: Yes, YFI is a good investment for the long term. Yearn. finance is a DeFi protocol that offers some of the highest annual percentage yields compared to various DeFi protocols

Q: Is yearn Finance trustworthy?

A: Since the Yearn Finance protocol is an objective simplifying DeFi. It had delivered 1000 percent+ APY, which early users took full advantage of. Coupled with almost $200 million of assets, which help instil trust.

Q: How High Will YFI Price Rise In 2022?

A: YFI Price is Expected to hit a maximum level of $57,812.22 by the end of 2022.

Q: How do I earn YFI with yearn. finance?

A: It can be generated by locking cryptocurrencies (let’s say Ether or Bitcoin) in Yearn. Finance contracts running on the Curve or Balancer trading platforms, using the Yearn. Finance platform itself.

Q: How high will YFI rise in the next five years? 

A: YFI could surge as high as $164,257.10, by the next five years.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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