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3 reasons why Yearn.finance YFI price just hit a new high of $18K

Published 08/28/2020, 07:13 AM
Updated 08/28/2020, 09:00 AM
3 reasons why Yearn.finance YFI price just hit a new high of $18K

YFI, the native token of the Decentralized Finance (DeFi) giant yearn.finance, achieved a new all-time high. It soared by 30% in the last 12 hours from $14,017 to $18,169, entering price discovery.

The term price discovery refers to when an asset hits a new record high and markets seek a new peak. YFI entered price discovery for the first time in 8 days, after achieving its previous peak at $16,666.

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