"Hard limited" coin YFI (Max Supply only 36666 YFI) made a lot of noise in 2020-2021. The maximum price of YFIUSDT in May 2021 reached $90-95 thousand on various crypto exchanges, which is +/-50% more than BTC cost then. Then a series of conflicts between the community and the project's creator, which make no sense to describe here, as everything is on the Internet, led to the project's decline.
Now we see two possible scenarios for the growth of the YFIUSD price : White is the growth to the $13000 area, the inability to break through the trend at the first time, and the continuation of prolonged consolidation for months. Blue - breakout, and consolidation above the red trend line and continued upward movement in the spring of 2023.
The long-term target for both scenarios is growth in the region of $25000-28000 per Yearn.Finance _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Excellent projection showing a couple of possibilities for the upside. Of course, YFI could also continue to the downside so we'll have to see if the double bottom plays out.