Beiträge

Veröffentlicht am

Yearn Finance is rapidly reversing losses: best places to buy YFI now

After an extended series of losses that threatened to expel Yearn Finance’s native token YFI from the top 100 biggest coins by market cap, it has finally started to regain value.

If you want to know what Yearn Finance is, if it’s worth buying, and the best places to buy its token YFI now, you’ve come to the right place.

Top places to buy YFI now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy YFI with eToro today

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy YFI with CAPEX today

What is YFI?

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

After its launch in February 2020, it saw huge growth as new products debuted and developers released in-house token YFI.

Yearn.finance makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.

Should I buy YFI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

YFI price prediction

Long Forecast anticipates a bull run until 2024, when the coin will trade between $25,867 and $22,299.

Coin Price Forecast predicts YFI will trade for $28,666 at the end of this year, around $8,000 more than it’s worth now.

In the first half of next year, the Yearn Finance price will reach $29,416, then drop down to just below $26,000 in the second half.

YFI on social media

The post Yearn Finance is rapidly reversing losses: best places to buy YFI now appeared first on Coin Journal.

Veröffentlicht am

EOS falls below crucial support zone – Here is why we will see more weakness

EOS (EOS) has been on a downtrend for the most part of this year. The coin managed to see a few rallies, but the general trend has been on the south. The coin has recently fallen below a crucial support zone. Here is what we know so far:

  • EOS has fallen below $2.09, a crucial support zone over the last few days.

  • The coin was trading at $1.95 at press time, down around 4%.

  • We expect EOS to retreat towards $1.85 before its next leg up.

Data Source: Tradingview 

EOS (EOS) – Will the downward trend reverse

There were some signs last month that EOS had started to turn a corner. The coin in fact rallied quite significantly, at some point testing the $3 mark. But things have not been smooth sailing ever since. As the crypto market comes under severe pressure, we have seen EOS drop even further. 

However, most analysts were looking to see if the token would hold the $2.09 support zone. While bulls tried to defend this threshold fiercely, the weakness was just too much. As a result, EOS is now trading at $1.95, and we expect weakness to continue in the coming days. 

The token is likely to fall and start consolidating at around $1.85 before it finds its next leg up. But if bulls are not able to defend $1.85 sufficiently, we may see further drops in the near term.

Why you should buy EOS?

EOS (EOS) is a highly scalable blockchain that is used to launch and deploy decentralized applications. With a market cap of around $1.9 billion, it is indeed a promising long-term project that could offer immense value for any investor. 

Even though EOS has seen some weakness in recent days, the long-term outlook, especially over a year or so, still remains very good.

Want to learn how to safely invest in EOS? Check out our comprehensive EOS buying guide here or purchase from our recommended platform below!

Buy EOS here>


The post EOS falls below crucial support zone – Here is why we will see more weakness appeared first on Coin Journal.

Veröffentlicht am

Waves (WAVES) retreats after skyrocketing over the last week – Here is what you need to know

As most coins struggled this week to put up any decent upward momentum, WAVES was quite literally making waves. The coin, in fact, saw staggering gains of about 100% after the new Binance announcement. But so far, WAVES has somewhat retreated. Here is what we know thus far:

  • Binance announced that it would start accepting WAVES as collateral on its loans.

  • The coin surged nearly 100% to hit highs of around $20.5.

  • WAVES has since retreated slightly and is now trading at around $18.

Data Source: Tradingview 

WAVES Price action and analysis

The Binance news was quite frankly a big one, and it showed in the pricing. Even as the broader crypto market slowed in performance, WAVES reported staggering gains. However, we have seen the price retreat from $20.5 to $18. We expect this to continue before WAVES stabilizes around the $15 mark.

But there are some risks to keep in mind. The rally this week has put WAVES on a risky death cross. This is when the long-term moving average of a crypto coin goes above the short-term average. The death cross creates a high risk of a significant pullback in the price. 

In fact, the last time WAVES entered a death cross was in 2018, and the coin crashed by nearly 85%. Now, we are not saying this will happen. But a more significant pullback on the coin will come, no doubt.

Is WAVES good for long-term investing?

The answer is yes. WAVES is associated with the Waves Protocol, a decentralized open-source platform designed for the creation and deployment of scalable apps. 

The project has raised a lot of money from investors and is making very serious moves on the metaverse. All these things will go a long way in delivering value for the long-term holders of this asset.

Want to learn how to safely invest in WAVES? Check out our comprehensive WAVES buying guide here or purchase from our recommended platform below!

Buy WAVES here>


The post Waves (WAVES) retreats after skyrocketing over the last week – Here is what you need to know appeared first on Coin Journal.

Veröffentlicht am

Bitcoin (BTC) has fallen for five consecutive days now – Where does it all end?

The crypto market has slumped in the last few days. Bitcoin (BTC) has in fact dropped for four consecutive days now despite threatening to return to $50,000 in recent days. But is this downtrend temporary, and how far can it go? Well, here are some highlights first.

  • The weakness came as China reaffirmed its commitment to crack down on crypto.

  • Increased volatility due to the war in Europe is also a big risk factor.

  • Bitcoin (BTC) is likely to fall to $35,000 before finding enough demand to rise again.

Data Source: Tradingview

Bitcoin (BTC) – What to watch next?

From a technical analysis point of view, the most important thing to watch right now is the $35,000 support. This price has proved very resilient in recent weeks, and it is likely BTC will hold above it. At press time, the mega-cap coin was trading at $38,800. 

If we see increased bear pressure that pushes the coin below $35,000, the next support zone will be $32,000. There are also some additional fundamental factors to watch. The crypto crackdown in China is the main thing, but most investors were expecting it. The war in Europe however has escalated fast and could trigger more volatility in the market in the near term. 

But if BTC can somehow pull up above $40,000 and keep the price action there, then we may see some positive moves in the coming week.

Why This Is the Right Time to Buy BTC?

Bitcoin (BTC) has declined quite substantially from its all-time highs. There are in fact, warnings that the coin could fall further during the first quarter of the year. But the long-term outlook for the mega-cap still remains very positive. In that case, the price pullback we have seen so far in 2022 offers the ideal opportunity to get in.

Want to learn how to safely invest in Bitcoin? Check out our comprehensive Bitcoin buying guide here or purchase from our recommended platform below!

Buy Bitcoin here>


The post Bitcoin (BTC) has fallen for five consecutive days now – Where does it all end? appeared first on Coin Journal.