Post
Topic
Board Altcoin Discussion
Re: Remember yearn finance (YFI)??
by
Mpamaegbu
on 18/12/2021, 19:26:16 UTC
but did the market cap pass that of bitcoin? No!
Its marketcap couldn't surpass Bitcoin at the time it hit that ATH simply because it's total supply is 36,666 while Bitcoin stood at a whopping 21 million (when compared to YFI). At a point, because of what the YFI token achieved within a short time, developers of new projects at the time had to add the "YF" tags to their projects, the same way a lot did with "Shiba" and "Inu" when Shiba Inu became a hit. Well, on YFI; I believe that it's going to stay a lot longer on the scene. It's not going to be a flop like many projects before and after it. It sits currently at $31k plus, slightly around $15k less than what Bitcoin price is today. That's a good thing. It still shows strength.