Quote from: BitcoinPanther on Today at 06:50:29 PM

Quote from: Iyeman on Today at 04:12:47 PM

50k looks an impossible rate to be achieved by YFI, if you are seeing the chart correctly and there was a possibility for this recovery just another short term bump. The hype has already ended and people are moving forward into the new legit projects too.

Just because it was getting a small bump doesn't always mean if that will be reaching another ATH. It's interesting to see that. Another correction will come soon after the current pump end.

Well who knows? Majority of us thought that it is impossible for YFI to reach the current price when it was hovering around hundreds of dollars. It almost hit $40k when it hovers around $38k so I feel that YFI no matter how skeptical I am into investing in it will possibly reach $50k if FOMO retriggers.

Main pros of the YFI market is that it has only 30k total coins in circulation and can be easily pumped if a major group of whales aim that $50k and it only needs $1.5 B capitalization to reach that price.

Indeed, what is interesting about this YFI token is the very small total supply, of course this is one of the advantages for YFI to be expensive again.

I think we have always expected this, that new coins and a sharp increase will certainly be a polemic in itself, like the price of bitcoin when it was just opened, many of which gave a negative response to it.

Everyone can't tell what it will be like, but chart history can't tell lies about it either.

bangdik123

Posts

Merits