Yearn Finance (YFI) Price Forecast – On Its Way To The Top 5?


Yield farming project Yearn.Finance is trading at a high price. So what’s the next stop?

Yearn Finance (YFI) reaches a $1,000,000,000 market cap!

Yearn.Finance price development on coinmarketcap
YEARN.FINANCE on Coinmarketcap

Yearn Finance reached a market capitalization over 1 Billion US Dollars, with the price of a single YFI token reaching a high of $34,017 at a market capitalization of $1,019,325,762. With this, Yearn Finance’s YFI token reached a valuation multiple times higher than that of Bitcoin!

Yearn Finance (YFI) on rank 26 on Coinmarletcap!

YEARN.FINANCE on Coinmarketcap

With a current market capitalization around $750 Million, Yearn Finance now occupies rank 26 on Coinmarketcap. At the moment, Yearn Finance’s YFI could be getting ready for yet another rally!

Yearn Finance (YFI) Price Forecast – Will the price bounce at the golden ratio?

YFI/USD Daily price chart
YFI/USD 1D – Tradingview

After all, the YFI price reached the golden ratio support around ±$22,000, after which the price already bounced up by about 16%! Currently, the yearn.finance (YFI) price has the chance to rise by another 15% before it reaches resistance. Around ±$29,000 lies the 0.382 Fib level, which acts as a significant resistance. Shouls the YFI price break this resistance as well, it could go back to its all time high at $40,000.

Best Regards and successful trades,

Konstantin

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