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nagihatoum
Aug 20, 2020 7:43 AM

YFI has replaced BTC Long

YFI / BitcoinBinance

Description

I don't know what this is, but it's price has risen above BTC's. This market is surreal,and i have suspended all my judgments. TA I made on this chart is BS but it probably will hit the target drawn because market can only go up.

BTC is slowly fading as a mariad of coins pump multiple Xs. BTC is doomed to oblivion since its dominance can reach 10%. See idea below.
Comments
teniaworm
its more of a governance token. It provides for you the best possible APY of all the possible DeFI strategies (staking, liquidity proving, lending, borrowing), all at the same time. The owners of the governance protocol receive all fees collected by the protocol.
MasterInvestment
i think this coin go up to sky very fast ... please explain why non stop go up ??
jhmblvd
As stated it is crazy! Coin has gone parabolic due to the increasing interest in Decentralized Finance. I have no idea if it's worth what it's selling for long term, but it's sure going up. One other point is there are only 30,000 tokens.
nagihatoum
@jhmblvd, i think the limited supply and the hype pushing price up.
Mr_Clean_777
🎯 bullseye
MasterInvestment
please explain to me whay this coin go up so fast .. and no stop go up?
Libratus
@MasterInvestment, Simple supply and demand. 60% of them are currently locked in staking pools and you have a meager total supply of just 30000 coins.
karouko18
read up @nagihatoum , it has actually no value whatsoever. its a governance token for yield farming
nagihatoum
@karouko18, Arthur Hays is shilling it, and it is now more expensive than BTC.
karouko18
WTF haha
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