Post
Topic
Board Altcoin Discussion
Re: Remember yearn finance (YFI)??
by
Nazmul012
on 16/12/2021, 21:06:37 UTC
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?
Price does not matter, what matter is market cap, it hit over 90k usd in price, yes, but did the market cap pass that of bitcoin? No!

And also remember that yearn finance is just about 30k tokens in total supply while bitcoin is 21m, with bitcoin's current market cap, what do you think the price of bitcoin will be if total supply of bitcoin was below 50k? $500,000? $1,000,000? Do the calculation yourself and see.
Yearn finance is a good project in the days of its reign, but I think it's outdated now, there are several other better projects to invest in now  rather than tie alot of money into this one.