Weekly chart to cut through the daily noise. Notes on the chart.
Other Key points:
✅ DeFi basing >1 yr, looks bottomed
✅ YFI best chart in sector - broke downtrend already and making HHs and HLs from bottom
✅ Deflationary tokenomics (recent change). "Ve" token narrative tailwinds - $45m/yr buybacks & lockups
✅ Room for mulitples on your money given only $1.2bn market cap w/ 100% supply circulating
✅ If rotation to value, will benefit given positive cash flow protocol
✅ Solid upside/downside ratio. Big shakeout already happened; no more significant selling pressure w/ buybacks creating constant demand
Other Key points:
✅ DeFi basing >1 yr, looks bottomed
✅ YFI best chart in sector - broke downtrend already and making HHs and HLs from bottom
✅ Deflationary tokenomics (recent change). "Ve" token narrative tailwinds - $45m/yr buybacks & lockups
✅ Room for mulitples on your money given only $1.2bn market cap w/ 100% supply circulating
✅ If rotation to value, will benefit given positive cash flow protocol
✅ Solid upside/downside ratio. Big shakeout already happened; no more significant selling pressure w/ buybacks creating constant demand