YF Link has soared 1,677% over two weeks. The token gained 36% in the past 24 hours and trades near $701. Starting from a low of $12.75 on August 17, YFL reached an all-time high of $745 on August 30
YF Link has soared 1,677% over two weeks. The token gained 36% in the past 24 hours and trades near $701.
Starting from a low of $12.75 on August 17, YFL reached an all-time high of $745 on August 30. Earlier in the month, the token had jumped from $49 to $500 within a single week. After hitting $295 on Saturday, the token jumped 150% on Sunday to touch $745, though it settled back around $521 as traders locked in gains.
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Josh Rager, co-founder of Blockroots.com, still sees room to run. At $500, he called YFL a bargain. On Twitter, Rager predicted the token would break through four figures, with $1,000 as the starting point once LINKSWAP launches. "I see new highs w/ pullbacks as YFL breaks 4 digits – many will take profits but will later regret. After LINKSWAP is released – IMO $1000 will be the floor," he wrote.
YFL carries a market cap of $34.8 million and moved $8,762,354 in 24-hour volume against a circulating supply of 49,155 tokens. According to CoinGecko data, the token has advanced 5,110% since July 18. DeFi investors have shown enthusiasm for YF Link much like they have for the Yearn.finance token.
YFI, the token underlying Yearn.finance, has appreciated even more. Starting July at $34, it has climbed over 100,000%. A full 80% of that gain came in the past 24 hours alone, with the token reaching $38,885 on Sunday.
While analysts expect pullbacks, the consensus suggests neither Yearn.finance nor YF Link has run its course. YF Link itself launched this month as a fork of Yearn.finance. The governance token targets Chainlink holders and opens pathways to yield farming. LINKSWAP functions as a community-governed automated market maker and shields those Chainlink liquidity providers from impermanent loss.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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