Home
News
- 1 The YFI crypto price slipped by 2.19% in the past 24 hours and was trading at $0.5256 at press time.
- 2 The YFI/USD price chart witnesses accumulation of over 30 intraday sessions on the daily chart.
Yearn(dot)finance is a platform for the Decentralized finance (DeFi) investors. It helps users to maximize profits from yield farming. It uses tools to find the best DeFi protocols for staking crypto.
Moreover, it also makes DeFi easier for non-experts and casual users. Yearn(dot)finance has its own token, “YFI”. It has a limited supply of 30,000 coins. YFI holders can vote on the platform’s rules and fees.
Yearn.finance Price Technical Analysis
The Yearn(dot)finance price showcases an accumulation of over 30 intraday sessions after a short term pump and dump. Moreover, the price still exhibits a long term positive trend as it hovers above the 50-day and 200-day EMAs.
Recent sessions witnessed high volatility in the price movement as YFI crypto jumped by 124% in the 1st two weeks in November after breaking out of the 200-day EMA over the daily chart.
Thereafter, the price could not withstand the higher levels and faced a sharp selloff and plunged down. The price then slipped off nearly 60% and got buyers back near the 50-day EMA.
Currently, the accumulation is an early sign of some one-sided movement. The breakout above the range again takes the price to test the upper supply levels.
Yearn(dot)finance Volume Analysis
The 24-hour trading volume was $41.046 Million with a 21.16% drop as compared to yesterday. This live market cap is $280.22 Million and it ranks 169th among the top cryptos. The volume-to-market cap ratio is 14.73%, highlighting mild volatility.
According to our analysts, the most optimistic view of analysts estimates an upside potential of 14.08%. The price of the Yearn(dot)finance coin could reach up to $9677.79 by the end of 2023. The pessimistic view of analysts is that it could fall to $7168.305.
Yearn.finance Price Prediction 2024
As per the analysts, the most optimistic target for YFI cryptocurrency is $17129.925, indicating an upside potential of 101.82% from the current market price (CMP). The average analyst price target is $14548.40 by the end of 2024. However, the pessimistic view of analysts points at $12284.84.
Yearn.finance Price Prediction 2025
The most optimistic analyst forecast for the Yearn(dot)finance token expects the price to reach a high of $25772.46 with a potential gain of 207.72% from the CMP. The minimum forecasted price by the end of 2025 is $16232.81.
Yearn.finance Price Prediction 2026
The YFI crypto price may reach a high of $31272.166 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $22180.72 by 2026.
Yearn.finance Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $39690.11. The minimum price that Yearn.finance may reach by 2027 is $30823.20.
Yearn.finance Price Prediction 2028
On an optimistic note, the YFI token price may advance to a high of $58847.209 in the next five years. The minimum price target that this token may achieve is $44343.01.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
