Yearn Finance (YFI) has reached an all-time high of $90,000
Its total market cap is still less than $3 billion, not quite enough to make it into the top cryptocurrencies by market cap. It’s 25 percent increase in the last 24 hours alone makes it one of the best performing cryptocurrencies today.
The rise is 70 percent in the last two weeks. YFI was only introduced to the cryptocurrency market last July, at a price of around $800. In the last ten months, the price has increased by a factor of one hundred.
Yearn V2 was released in mid-January, and in the months since, the net size of Yearn Finance pools has more than doubled.
What is WUFFY
The latest initiative that has propelled Yearn Finance to new heights
Rumors of a new initiative and token called WUFFY have been circulating recently, which may have sparked the buying frenzy.
WUFFY is said to be nothing more than a way to rename YFI assets using the current Woofy Finance interface, which allows for a 1:1.000.000 conversion from YFI to WUFFY. However, not everyone is happy with the program, and some have even criticized it.
It’s worth noting that after the massive popularity of Dogecoin, tokens that are more or less specifically inspired by dogs have been proliferating for a few days now, and WUFFY is no exception. Many of the gains made in the last few days could be lost sooner or later if this unexpected surge of interest in this type of token turns out to be a fleeting trend.
This article is not sponsored in any way. Our income comes only from donations, so we don’t depend on anyone. Read more about our journalistic values and how you can support our mission.
Nothing on Cryptinus constitutes professional and/or financial advice. Always think for yourself and make sound decisions when investing. Never invest money that you can’t afford to lose.