YFI huge squeeze off the bottom and currently consolidating the move. Showed huge relative strength in this crypto correction. DeFi seems to be receiving much of the current inflows of capital and YFI has the best chart in the sector. Buy the leader.
Recently, the platform implemented a new token model which includes buybacks and a step-up in rewards for token holders which is clearly giving a boost to the price of the coin. I think YFI gets re-rerated in Q1 2022 at multiples higher than current valuations (currently $1.2 bn market cap w/ 100% supply circulating).
The highest returns are in small/mid caps and this is my top pick atm for the next few months. TA + FA = Moon