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Yearn Finance Price Prediction – Will YFI Price Hit $40K Soon?

Yearn.Finance-YFI-Price-Prediction Prediction
  • Bullish YFI price prediction ranges from $22,879.35 to $39,096.22.
  • YFI prices might also reach $40K soon.
  • YFI bearish market price prediction for 2022 is $17811.60.

This Yearn.Finance (YFI) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our YFI price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, YFI is perhaps one of the most surprising for some. It is one of the most hyped digital currencies today. But for those that are unaware, it has been around since 2020.

Can YFI reach $40K in 2022? We will find out shortly. But before we proceed to our YFI price prediction, let us first answer the question “What is Yearn.Finance (YFI)?” in this YFI prediction 2022 article.

What is Yearn.Finance (YFI)?

Yearn.finance is an aggregator service for the investors of decentralized finance (DeFi), using automation to enable them to maximize profits from yield farming. Moreover, its aim is to simplify the ever-growing DeFi space for investors who are not technically minded or who wish to communicate in a less committal manner than serious traders.

Yearn.Finance’s native token YFI, reached its new ATH of $93,435.53 on May 12, 2021according to CoinMarketCap. Now that we have an idea about YFI, do you think YFI will be profitable crypto in 2022? Join me and let us see the charts in this YFI price prediction.

Yearn.Finance (YFI) Current Market Status

As of the time of writing this YFI price analysis, YFI trades at $19286.49 with a 24-hour trading volume of $51,537,245, according to CoinMarketCap. The price of YFI has increased by 0.5% in the last 24 hours.

Furthermore, YFI has a current circulating supply of 36,635.44 YFI. Currently, the top cryptocurrency exchanges for YFI are BinanceOKExFTXHuobi Global, and LocalTrade. Now, let’s proceed to the next part of this YFI price analysis for 2022.

Yearn.Finance (YFI) Price Analysis 2022

Currently, YFI holds the 130th place on CoinGeko. But will the latest upgrades, developments, and changes in the YFI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this YFI price prediction article.

YFI/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for YFI/USDT, we can deduce that the price of Yearn.Finance might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

YFI/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 42.91. This shows that Yearn.Finance (YFI) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

YFI/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and the 100-MA is not touching some previous candlestick, the price of the coin might increase soon.

Yearn.Finance (YFI) Price Prediction

The chart below shows that YFI has performed great over the past few days. Moreover, the YFI price has reduced by 0.9% in the last 7 days. If this trend reverses, YFI might run along with the bulls, overtaking its $22,879.35 resistance2 level and reach higher to $39,096.22, the 2022 bullish signal.

YFI/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone YFI from its uptrend position. In simpler terms, the price of YFI might drop to almost $17,811.60, a bearish signal.

Meanwhile, our long-term YFI price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $93,435.53. However, it is impossible for YFI to reach this level within this year.

Yearn.Finance (YFI) Price Prediction 2022

If this bullish trend continues, YFI will reach $39,096.22 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $22,879.35. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $40K is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Yearn.Finance (YFI) Price Prediction 2023

If YFI holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $100K, making it not plummet but play consistently.

Yearn.Finance (YFI) Price Prediction 2024

As per the latest upgrades, developments, YFI price prediction, and new project forecasts of the platform, YFI investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of YFI in the crypto market, and it will be the best investment as the price can spike and reach around $120K.

Yearn.Finance (YFI) Price Prediction 2025

In the next four years, YFI prices could rise up to $145K. More so, reaching this level could not be so difficult for YFI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that YFI has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Yearn.Finance (YFI) Price Prediction 2026

In the next five years, YFI prices could rise up to $160K. More so, reaching this level could not be so difficult for YFI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that YFI has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

YFI has a bright future ahead of it in 2022. With the ongoing developments happening within the YFI ecosystem, as well as in the overall crypto market, we may see YFI reach new heights.

Bullish YFI price prediction 2022 is $39,096.22. As said above, it may even reach $60K if investors have decided that YFI is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Yearn.Finance (YFI)?

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

How to Buy a YFI Token?

Users can obtain YFI tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Is YFI a good investment in 2021?

YFI is a good investment in 2022. The YFI price can reach great heights soon. However, it is impossible for YFI to reach its ATH of $93,435.53 level within this year.

Can YFI reach $40K soon?

Yes, it’s very much possible that YFI might reach $40K in the near future as per the current bullish trend.

What will be the Yearn.Finance price by 2022?

Yearn.Finance (YFI) price is expected to reach $39,096.22 by 2022.

What will be the Yearn.Finance price by 2023?

Yearn.Finance (YFI) price is expected to reach $100K by 2023.

What will be the Yearn.Finance price by 2024?

Yearn.Finance (YFI) price is expected to reach $120K by 2024.

What will be the Yearn.Finance price by 2025?

Yearn.Finance (YFI) price is expected to reach $145K by 2025.

What will be the Yearn.Finance price by 2026?

Yearn.Finance (YFI) price is expected to reach $160K by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.