It really frustrates me to be honest,,, seeing all the defi tokens just pumping for no reason other than they hype driving them. Read about CPI launched with the backing of some Emirati sheikh, nothing of real value, just a crypto index and boom, x10 over night,,, I wish I could get some Prince to go invest in some shit I own!
I think investors do need a new system to boost the popularity of cryptocurrency, of course I think this is also related to the pandemic that is currently spreading around the world.
Projects in the field of finance and health are certainly one of the things that are needed for now, I think this will continue if the pandemic is still like this.
okay back to the main topic, if you look at today's movement YFI still looks bullish, of course to get $ 50k is not in the short term, but it is not impossible if YFI will get new highs if the defi continues to grow going forward.