Coin Edition -
- The global crypto market is currently down by more than 3%.
- YFI is showing signs of strength despite the crypto market being down.
- The price of YFI stands at $10,879.20 after a 5.73% increase over the last day.
There is some bad news for crypto fans heading into the weekend as the global crypto market is currently down by more than 3%. On the other hand, a crypto investor and analyst that goes by the name of Mac revealed that despite the crypto market being down, there is one cryptocurrency that is showing signs of strength.
YFI / Tether US 1D (Source: TradingView)
The crypto analyst took to Twitter earlier this morning to share his thoughts on yearn.finance (YFI). According to the post, the crypto is showing some signs of strength, and with the LSDS launch incoming, it could create a good narrative surrounding YFI. The analyst concluded the post by revealing that he has so much hope in YFI’s potential that it is his only position at the moment.
YFI / Tether US 1D (Source: CoinMarketCap)
Data from CoinMarketCap indicates that YFI is currently trading hands at $10,879.20 after a 5.73% price increase over the last 24 hours. The crypto was also able to reach a high of $10,974.93 and a low of $9,828.06 over the same time period.
YFI also strengthened against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 10.53% and 10.80% respectively over the last day. In addition to this, the altcoin is also still in the green by more than 12% over the last week.
Also in the green zone is YFI’s 24-hour trading volume which currently stands at $244,966,820 after a more than 60% increase since yesterday. With its market cap of $398,209,081, YFI is currently ranked as the 99th biggest crypto in terms of market capitalization.
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