A new digital asset just surged to break above Bitcoin (BTC) all-time high of $20,000, after a relatively 42% price upsurge based on 24 hours estimation.
Yearn.Finance (YFI), the governance token of the decentralized (DeFi) protocol, is now trading at $27,021.60. This implies that the digital asset has easily attained the height that has taken Bitcoin (BTC) more than a decade.
Yearn.Finance (YFI) was officially launched on 18th July 2020 and has experienced a relatively 71,084% in less than 2 months, according to CoinGecko.
Josh Rager Believes Yearn.Finance (YFI) Is Heading To $100,000
According to the popular cryptocurrency analyst, Josh Rager, the digital token is just getting started. He believes it’s on its way to test $100,000 price level.
Josh Rager tweeted, “I was foolish to sell two out of the three YFI I had under $5000. But I kept one…. in case it really was on its way to $100k. And boy I’m glad I did, on its way to $30k.”
I was foolish to sell two out of the three $YFI I had under $5000
But I kept one…. in case it really was on its way to $100k
And boy I'm glad I did
on its way to $30k pic.twitter.com/nsDm3cnu9S
— Josh Rager 📈 (@Josh_Rager) August 29, 2020
The platform offers several functions for decentralized finance (DeFi) investors, giving them the room to transfer assets between several liquidity pools and pinpoint the best yields.
At the moment, it has a minute supply cap of 29,962 coins only, compared to Bitcoin that presently has about 18.5 million BTC in circulation.
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