The Year Finance token makes history by becoming the first altcoin to exceed the price of Bitcoin, based on data collected and published by CoinGecko. The feat came after it rose to $ 14,878, boosted by a rally of more than 32,000% in the past month.
Thus continues the meteoric rise of YFI, an altcoin based on Ehtereum. Just a month ago it was trading below $ 1,000.
One of the reasons that justifies its rise is in Andre Cronje, the main developer of this token, which is dedicated to continuously releasing updates on the protocol. Analysts are divided on YFI’s next move. Some think that a ‘pull back’ will take place and others believe that the ascents have rope for a while.
In any case, crypto investors don’t stop speculating on altcoins like this one, which their own team has described as “a supply token 0 completely without financial value. ”