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Amsterdam
21 October 2020
PumpMoonshot

Tag : Investors

News

Yearn.finance (YFI) has been one of the worst-performing assets over the past few weeks. As this outlet has reported, the coin has plunged in excess of 70% from its all-time high, as it reached lows of $12,000 after peaking at $44,000 just weeks ago. Sam Bankman-Fried, CEO of FTX, pinned the drop to three trends: a correction in all of DeFi, negative PR events, and yield farming yields dropping in the near term. While these factors have begun to subside as buying pressure has returned to the crypto market, investors are still not convinced that YFI is ready to move back higher.

PumpMoonshot
Yearn.finance (YFI) has been one of the worst-performing assets over the past few weeks. As this outlet has reported, the coin has plunged in excess of 70%...