The tradingview market channel data shows that the YFI token DeFi Year aggregation revenue agreement is currently down to around 23,000 US dollars, and the higher point (44,000 US dollars) has fallen by almost half.
Cryptoslate analysts quoted Cantering Clark as saying that the $ 22,000 hub area is the main support level investors should watch for. If it falls below this point, the token may decline further. At the same time, YFI can downgrade other DeFi tokens. I think this has become a benchmark and index like Bitcoin. "
According to a report from tradingview on July 27, YFI has no pre-mining and will not be sold. The distribution of tokens was generated through mining from the start. The initial supply is 30,000, which is allocated to the curve (ypool) and balancers. (YFI-DAI set) and YFI-yCRV pool, each pool allocates 10,000 tokens.
Eight days after the YFI token was launched, it recorded an increase of over 100,000% and its price increased by 1,000 times. Initially, the YFI Balancer was only $ 3.In less than a week, the price went up by more than $ 3,000, and then it went up to around $ 4,500, which is a huge increase.
Since then, the price of YFI has continued to increase, from US $ 4,500 to over US $ 20,000. The price of one token surpasses Bitcoin, which was the first in market value, and then continues to increase to 44,000 US dollars.
However, according to the most recent data provided by IntoTheBlock, only 26% of YFI holders have made a profit, while the token has increased 65867% since launching in mid-July.
At press time, YFI was quoting 23,711 US dollars, down 1.92% in 24 hours.
Posted Using LeoFinance
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