coinedition.com
Yearn Finance (YFI) is one of the cryptocurrencies trading in the green today. The crypto market tracking website CoinMarketCap indicated that YFI is currently trading hands at $9,153.48 after an 8.01% drop in price over the last 24 hours. YFI also reached a high of $9,459.83 and a low of $8,088.14 over the same time period.
The altcoin was able to strengthen against Ethereum (ETH) by about 3.10% over the past day, but weakened against Bitcoin (BTC) by about 1.09%. Looking at YFI’s weekly performance, it is clear that the crypto still has some work to do to get back in the green as the altcoin’s price is down by more than 9% over the last seven days.
YFI’s 24-hour trading volume is in the green zone and currently stands at $118,434,986 after a more than 8% increase since yesterday. In terms of market cap, YFI stands at $335,143,618, which makes it the 109th biggest crypto in terms of market capitalization.
This places YFI right behind Ankr (ANKR) in the 108th position and in front of Terra Luna (LUNA) which is ranked 110th on the list of the biggest cryptos. A crypto analyst took to Twitter yesterday to share his own thoughts about YFI.
According to the post, the analyst believes that there is a very good chance for YFI to reach $10,000 soon. The analyst did, however, also mention that he does not “make the rules,” and that traders should still tread carefully and do their own research.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.