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?
Yeah, I remember that token. Followed it for a while because it got more expensive than bitcoin itself and was on a high. Everything Andre Cronje releases has always grown quickly, but the YFI token stands out in particular. As I recall, this was in the DeFi hype wave of 2020, when there was a boom in such tokens. The 2021 bullrun saw this token upgrade its ATH, but not for long and also dropped in value quickly. It feels like this token is being used for speculation and its real price is much lower.
But now Andre Cronje has left the industry and the token continues to lose value. I don't think he will ever reach his ATH at the $83,000 mark.