Yearn.finance Boost 24-Hour Position, Gears to Hit Over $50k Soon

Financing.
Altcoin News

  • Annual finances increase the price position in 24 hours.
  • YFI is preparing to crush the $ 50K trading price in the near term.

The world of cryptocurrencies never ceases to amaze its investors inside and outside the industry. This time, yearn.finance (YFI) successfully posted a dizzying growth rate of over + 50% in the last 7 days. This crypto stance creates market buzz that drove the yearn.finance community crazy.

The yearn.finance network currently ranks in the top hundred altcoins on CoinGecko. Additionally, it has a huge market capitalization of over $ 1.2 billion with a 24-hour trading volume of nearly $ 600 million. This aggressive trend from yearn.finance had cryptocurrency analysts and enthusiasts forecast a better future for YFI.

yearn
Source: TradingView

Based on the chart above, YFI is still moving above the $ 35,000 price per crypto. If this uptrend position holds, YFI could break out of its $ 39614 resistance level and go further. Interestingly, the price of YFI can skyrocket all the way to the bullish price of over $ 50,000. But of course, there is a strong possibility of this happening if the bull market and its investors continue to favor crypto.

On the other hand, the cryptocurrency market is back on its feet once again. In fact, the total market capitalization of the space stands at nearly $ 2.3 trillion. This is thanks to all the cryptocurrencies that never stop supporting the market during its downtime.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of Yotrendy. Nothing in this article should be construed as investment advice. Yotrendy encourages all users to do their own research before investing in cryptocurrencies.

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