Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Investors will be watching closely, as a break back through to $45,000 levels would then bring last May’s ATH $95,339 into play.Īt the time of writing, Yearn.Finance was ranked 79 th on CoinMarketCap, with a market cap of $1,506m. Having broken through a December high $39,354, the next key resistance level will be September’s high $43,843. The breakout has seen YFI jump by 45% since 30 th December. This morning’s upside follows 4 consecutive days in the green that included a 10.69% New Year’s Day rally. YFI closed out the year at $33,000 levels, falling well short of an ATH $95,339 struck in mid-May.įortunes appear to have changed, however, following the news hitting the wires of the proposed tokenomics changes.Īt the time of writing, YFI was up by 5.77% to $41,391. It may not have been the most impressive of years for YFI, which gained just 45% in 2021. See here for full details of the proposal. The proposal is to “direct a portion of YFI bought back by the Treasury as rewards to YFI token holders who actively participate in Yearn Governance”. Key, however, was news hitting the wires of a proposed change to the project’s tokenomics. Yearn.Finance (YFI) has been in the news in recent weeks, driving the latest price breakout.
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