Remember yearn finance (YFI)??

[lalabotax]

Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
 What do you think about this altcoin? Will it be worth in upcoming years?

I almost forgot about this coin if I didn't read this thread. It cannot be denied that at that time YFI was really on the rise and seemed to shock us all because it could surpass the price of Bitcoin, even in just a few days the price had skyrocketed very high. However, in terms of market cap, it is far behind Bitcoin and cannot be compared. However, in terms of price, it was really, really extraordinary.

The question is that currently the price is also dropping a lot, even dropping much more than Bitcoin. Because of this, I was afraid to enter YFI because the prices were unreasonable at that time. Moreover, this coin is not as valuable as Bitcoin, so it is better to avoid this coin. whether in the future YFI can rise again or not, it still might have a chance to rise, but to reach the previous ATH, I'm not really sure about this.

[alani123]

Yearn finance isn't anything special these days. For anyone stumbling up on this thread you should really check out beefy.finance. It's a yearn fork but on like 20 blockchains, implementing infinitely better strategies and overall awesome, featuring any coin you can imagine too.

[TelolettOm]

Yearn finance isn't anything special these days. For anyone stumbling up on this thread you should really check out beefy.finance. It's a yearn fork but on like 20 blockchains, implementing infinitely better strategies and overall awesome, featuring any coin you can imagine too.

For now, the hype is completely gone. And maybe people aren't even as fixated as they used to be. We know how hyped YFI was during its heyday, even more than Bitcoin. YFI devotees are very enthusiastic and believe that YFI is the next Bitcoin or even replacing Bitcoin. this is what happened. Whatever the condition right now, in fact YFI is currently very down, in fact much worse than we imagined. So, I'm not sure whether this will skyrocket again or not if we look at the statistics. This would be very difficult to happen again. Yes, this is how most hype products are. Likewise, with various products that are almost the same or even similar, they cannot take advantage of it.

[cryptoaddictchie]

Yearn finance isn't anything special these days. For anyone stumbling up on this thread you should really check out beefy.finance. It's a yearn fork but on like 20 blockchains, implementing infinitely better strategies and overall awesome, featuring any coin you can imagine too.

Actually Yearn become so quiet after its founder become inactive for months. But Ive seen its founder focus on fantom blockchain and improvement. Maybe he is just on lie low mode and when everything goes back to normal he will push on more development on Yearn. Its a famous one before during bull run and a lot of people gain and loss money with this token due to verye expensive price.

[Webetcoins]

The fact that they pumped that much before, I’m sure it can happen again in an instant.
There’s so much manipulation with this project, the risk are high too but if you are optimistic about this project and have some holdings, then maybe its worth to hold until the next bull run. The market is rising again, and its a good time to look back at the projects that we are dealing before because they might also start to pump, its time to revisit our holdings again.

YFI is highly risky coin as there is fluctuations in its price after every 2-5 minutes. We have seen that yearn finance crossed bitcoin in price. And for now I would never suggest anyone to buy yfi because there are high chances of loss associated to it.

Yes he knows that already, and he even said it but despite of it, he don't limit those who will try their luck on this coin. Price fluctuating that short (duration of time) might be a sign that the coin is still active and has a chance to burst again. YFI surpassed BTC's value but I don't know why I'm still not impressed with it.

I feel that something is wrong, that if I'm invest on it my money will just disappear or I won't get anything in return lol. Apart from it, I also received some airdrop tokens which has a similar name but it was only a small portion so the value isn't big enough. I didn't interact on them of course because they are likely a scam.

[LogitechMouse]

Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
 What do you think about this altcoin? Will it be worth in upcoming years?

Yes it surpassed Bitcoin's price, but did you look on how many supply the coin has?

I think it's around 30,000 coins only (more or less), and I don't know if it's just me, but lower supply means higher chance of getting the price manipulated. TBH it happened already when like you said OP it went from a 2 digit price to 5 digit price in just a span of 2 months. Even Bitcoin itself can't do that, and this YFI coin did this. Manipulation at it's highest it is.

I really thought that this project is dead already, or at least got abandoned since we hadn't heard anything about it. Anyway, this will just be one of the coins that the price will just surge in the bull run, but it will not surpassed it's previous ATH. I remember this coin, but will not touch it at all.

[great12345]

YFI Coin really makes a great impact in the last Bull Run, hopefully next bull run going to make a better move.