dont understand why this token could reach price almost similar with bitcoin, what is the speciallity and feature from it beside its supply . i am worry this alt mega pump trend could be the early stages like 2017 condition to make crypto market crash again. in market now happening mega pump in some new altcoin project, maybe investors thinking this is the best time to speculate while market agree to do this.
Note what the chief developer of yearn writes.finance in the article Medium, that this token has zero value and is completely useless.
"...we have released YFI, a completely valueless 0 supply token. We re-iterate, it has 0 financial value. There is no pre-mine, there is no sale, no you cannot buy it, no, it won’t be on uniswap, no, there won’t be an auction. We don’t have any of it".
https://medium.com/iearn/yfi-df84573db81So YFI was not planned for trading, so where did the price of 12 thousand dollars come from? I can assume that we may see the largest dump in the near future.