A couple of months ago, when this particular cryptocurrency was mentioned, it was hovering at 3k. At this point of time, it's gone up to 10k and challening Bitcoin in its price.
In the crypto world, anything is possible. There is also an article that highlights this.
From my view, anything that isn't in the top ten cryptos, we have to invest with great caution. For me, it's better just to stay safe and boring afterall cryptos are already the most volatile of many investment classes. I don't know who is actually buying YFI or Yearn but I read an earlier article that said that the creator got nothing out of this and apparently lost some of his own cash.
https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-quitting-defi
Well, the danger here is that I don't know how high its going to head to and whose actually pumping Yearn. It could be a pump and dump where those who get trapped later gets burned really badly. Like YAM which was used for yield farming (something that I've yet to really understand), and crashing later burning everything within it. Just one line of code and its game over. So do take caution when you see any new projects being launched. Don't just FOMO into things without research The reward may be high but also we could crash really badly. Just do it the boring way. All I've written is my opinion and do have your own research done. =) Have a great day.
It did passed BTC current price just now and until now I still don’t understand how the price can go beyond 10K..
hi hi @joannewong yea lo.. very strange that particular token. A bit dangerous to invest. Oo it passed Bitcoin for a while. That's really strange.
Yeah now the price higher than BTC... Literally anything is possible..
Most of the existing coins right now will be zero. To say it clearly 99% of existing crypto's will be worth to zeroes.
Hey hey bro.. How bout u?? What do you think? Hi hi
😊😊😊
I think few only in defi coins will gonna survive.