Year.finance: There is still no information about the new project
- Year.finance is scratching the $ 30.000 mark again
- According to market capitalization, the cryptocurrency is 42nd in the top 100 ranking
The TopDeFi-Coin Yearn.finance (short: YFI) has been more on a collaboration course in recent months. After it was announced at the end of 2019 that it would take over Pickle Finance, a DeFi yield aggregator, further announcements followed by Andre Cronje, the project founder. The goal? Important synergies should finally be realized.
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There is still no information about the new project
Now Pickle Finance, Akropolis, Cream Finance, Cover Protocol and SushiSwap have been taken over. However, Cronje emphasized that the journey was not over yet. Work is currently being carried out on a "still nameless" project.
The cryptocurrency Yearn.Finance ranks 42nd in the ranking of the top 100 cryptocurrencies by market capitalization. The market capitalization is currently 890.229.221 US dollars. For comparison: The market capitalization of Bitcoin, the top 1 in the ranking of the top 100 cryptocurrencies, is 631.629.151.361 US dollars.
After the correction that took place over the weekend, the Yearn.Finance price is 29.800 US dollars. The all-time high was set in September - at that time the price of the cryptocurrency was 43.678 US dollars.
At the moment, the development of the Yearn.Finance Coin from Bitcoin-News.One can hardly be predicted. Of course, the market capitalization may still be a problem in order to speak of a really successful cryptocurrency. But the price is on the same level as Bitcoin, which crashed after the correction of US $ 42.000 towards US $ 30.000 and is currently priced at around US $ 33.500.