Yearn.finance’s governance token (YFI) has been hit hard by the recent downtrend seen across the aggregated cryptocurrency market, with the token now trading down nearly 50 percent from where it was at its peak.
The post Yearn.finance (YFI) plunges to “do or die” support despite positive developments appeared first on CryptoSlate.
Tag: Analysis
Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now
Since September 12, the price of Yearn.finance (YFI) dropped from $43,937 to as low as $26,222.
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Even after parabolic rally, top crypto VC thinks Ethereum DeFi isn’t overvalued
It’s clear excess and euphoria is starting to seep into Ethereum’s DeFi space.
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Ethereum network congestion rockets as ETH supply moves into smart contracts
The Ethereum network has been placed under immense pressure to handle significant demand for its blockspace, with users interacting with smart contracts, DEXs, and AMMs directing massive transactional volume to the network.
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Uniswap locks up $1.79 billion two days after token launch, UNI surges to $7.50
Decentralized exchange Uniswap has locked up a staggering $1.79 billion in total assets just two days after the launch of UNI, its native governance token.
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Here’s how Twitter and active wallets predicted insane DeFi gains
Predicting the crypto markets does not have to be a hard science necessarily.
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Bitcoin volume profile shows major demand for BTC is building
Bitcoin’s price action has done little to offer investors with insight into its mid-term trend, as the cryptocurrency has formed a massive trading range between $10,000 and $12,000 throughout the past few weeks.
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After predicting a $2,000 drop, a top on-chain analyst is now bullish on Bitcoin
Bitcoin’s recent correction that brought it from the $12,000 highs to $9,800 didn’t catch all analysts off guard.
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Top Binance traders flip long on Ethereum as market structure grows strong
Ethereum has shaken off the intense weakness it expressed throughout the day yesterday, with the cryptocurrency’s bulls now flexing immense signs of strength as its price pushes up towards the key resistance at $380.
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A majority of investors think Ethereum will end 2020 above $500: VC poll
Ethereum has slipped lower over the past 10 days as legacy markets have also dropped from their highs.
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