YF link Price Analysis

The post YF Link Price Prediction: Will YFL Close 2022 At $200? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

 YF Link is a fork of the popular yearn.finance (YFI) which combines Chainlink’s “LINK” token with Yearn Finance’s yield farming/liquidity mining mechanics. YFL is a project which can be easily adopted by the Chainlink enthusiasts, known as ‘Link Marines’. 

The YFL price rose at a remarkable rate towards the end of 2021. Despite certain pullbacks, the price showcased a pretty good momentum to regain the lost positions. However, the run since the start of the year has been fairly bearish. 

Is this the right time to bag some YFL, before a plausible bull run? How far will it spike? This write-up will sort all the queries whilst decoding the plausible predictions for 2022 and the years to come.

Overview

Cryptocurrency YF LINK
Token YFL
Price
Market cap $ 0.0000
Circulating Supply $ 0.0000
Trading Volume  $ 0.0000
All time high $ 0.0000 Jan 1, 1970
All time low $ 0.0000 Jan 1, 1970

YF Link (YFL) Price Prediction For 2022

Potential Low Average Price Potential High
$78.316 $102.301 $120.289

  YF Link had commenced the year 2022, whilst being on a downtrend, and with a price tag of $180.58. After ranging fairly sideways, a spike in selling pressures brought the RSI down to the oversold regions. And the price down to $40.46. Rapidly changing market view and a sudden influx of trade indifferences led to candle gaps. 

The crypto asset moved in a narrow band until February 14th, and with a price tag of $79.9. The very next day YFL saw a single-day spike of 79.71%. However, a failure in sustaining the levels led to the price sloping down to $56.71 by the 5th of March. A steady ascend from which took the price to $74.75 by the end of the quarter. 

YF Link’s (YFL) Price Prediction For Q2

  The crypto asset has sloped down to its annual low of $15.846, which was seen on the 12th of May. The altcoin is presently testing its support at levels around $40. Establishing the grounds at which, would open up opportunities for YF Link. With a reversal in sentiments to bullishness, the price might take a shoot to $57.77

However, if the bearish trends continue to dominate the crypto-asset might slump down to $28.53. That said, an equilibrium in buying and selling pressures would restrict the flight to $48.56

YFL Forecast For Q3

  YF Link’s hold in Defis, yield farming, and NFTs could bring in fortunes for the digital asset. In such a scenario, the price might jump to its quarterly high of $80.814. On the flip side, ebbing stance and depleting volumes could slash the price to $54.831. Constrained by the linear momentum the average price might fall to $69.82

Prediction Of YFL For Q4

  If the makers focus on scalability, governance, developments, and community building initiatives, the price of YFL might rise to $120.289. Conversely, failing to adhere to its expectations, followed by negative criticism, the price might take a plunge to $78.316. Considering the bullish and bearish targets, the average price might settle at $102.301

YF Link’s Price Forecast For 2023

  The price is expected to rise if the community concentrates on certain developments and partnerships for the enhancement of the platform. In such a case, the price might take an ascend to $234.458. In contrast, YFL might decline to the $118.71 mark if the bulls fail to push the prices up.

Price Prediction Of YFL For 2024

 If YF Link manages to attract institutional adoptions and investments and strives to empower its user base. The price of the digital asset might chug up to its annual high of $451.6. On the downside, if the bears outweigh the bulls, the price might sink to $222.27

Price Trajectory For 2025

  The community might facilitate some inbound developments and certain collaborations. Which might result in attaining the users as well as investors. YFL might as well go high in ranking with the DeFi boom. Materializing which the price might catapult to $857.759. Howbeit, the token may fall to $428.073, if the community does not succeed in increasing the user base and enhancing its protocol.

Year Potential Low Potential High
2023 $118.71 $234.458
2024 $222.27 $451.6
2025 $428.073 $857.759

What Does The Market Say?

Digital Coin Price

  According to Digital Coin Price, the price of YF Link might claim its potential high of $53.95 by the end of 2022. Whilst a reversal in trend could slash the price down to $46.94. A tug of war between the buyers and sellers might land the price at $51.25. 

The analysts from the firm have also made predictions about YFL for the long term. The maximum closing targets for 2023 and 2025 are set at $62.44 and $80.32 respectively. 

Priceprediction.net

  As per the forecast of Priceprediction.net. The price of YFL might escalate to a maximum of $39.63 by the end of 2022. The prediction from the company has pinned minimum and average trading values for the year at $33.71 and $35.09. According to the forecast, YFL might surge as high as $59.32 by the end of 2023. And a maximum of $112.31 by the end of 2025.  

Click here to read our price prediction of Bytecoin (BCN)!

What Is YF Link?

  YF Link is a liquidity mining pool that combines the fundamentals behind Chainlink and yearn finance. To provide users with a new product. Launched in July 2020, YFL basically collaborates two basic DeFi concepts, yield farming and liquidity mining. 

The protocol is also a community Defi project built around Linkswap – a DEX. The project is built to act as a hub and bridge for community projects. YFL is the native asset and governance token for the YF Link DAO. YFL can be used to vote in the ecosystem’s DAO. And also to allow cash inflows, coming from the fees levied by the ecosystem.

Fundamental Analysis

  Liquidity mining is nothing but a strategy that allows the user to stake in a liquidity pool so that they could earn governance tokens as a reward. This helps to keep the platform healthy by securing community participation in the protocol and intensifying user activity.

YF Links operates through its native token, YFL with a total supply of 52,000 YFL. YFL can be used to pay for smart contract fees, as a medium of exchange, staking and governance. As the YFL holders have the whole authority, they can make proposals and cast votes on them.

Our YFL Price Prediction

 If the DeFi sector gears up in the market yet again, the token might rise high to its previous positions.  In such a case, YF Link may rise to $120 by the end of 2022. Else if fails to do so then the levels below $75 may be imminent by the end of 2022.

Historical Market Sentiments

2020

YFL initiated with a pretty good start, the price nearly more than $200 but within a couple of days. It dumped drastically below $100 to touch $56.58. The digital asset further crashed to the lowest possible level of $12.75 on August 17, 2020. 

The DeFi boom that led many tokens to enter a bull run also escorted YFL among the top gainers. The boom led to the price amplification to create a huge spike with the price touching almost $2000 within a small time frame.

It was the same period when Yearn finance(YFI) had entered the initial phase of a major bull run. When YFL touched its heights of $1,956.97 on Sep 02, 2020. The DeFi boom which was initiated with YFI soaring above $40,000 led to the surge of the majority of the DeFi tokens. Later, the price dramatically plunged to $445.12 within a few days after forming a new high.

With certain price inequalities, YFL again soared to $787.74 by mid-September. And dipped to as low as $264.5 by October. Further, the token continued to variate and drastically spiked to $1102.05 at the end of November. Amidst the expansion of Bitcoin’s price rally. On a bearish note, further, the token dumped to $394.60 by mid-December and YFL traded at $357.70 to end the year 2020.

2021

YFL entered the year 2021 with a price trading around $357.89 during January. Surprisingly, the price hit resistance at $985.16 later. But the bears overpower the market and the price slides drastically and fails to regain its momentum. However, since the beginning of May, the price rose to some extent and crossed $400.

Following this, the price of YFL plunged to the lows of $98.22 by the 28th of May. Until the 12th of August, the price fluctuated between $64 and $135. Post which, the price climbed to $144.214 by the 23rd of August. But sell-offs called for a downswing to $92.87 by the 27th of September. However, an uptrend pushed the price to $442.56 by the 3rd of October. 

Failing to sustain at the levels pushed the price down to $272.53 by the 18th of October. Seeking impetus from the bulls, the price took a chug to $830.45 by the 3rd of November. Howbeit, rising volatility in the business led to another downswing, which closed the year at $180.584.   

To read our price prediction of OMG Network (OMG) click here!

FAQ

Q: What is a YFL token?

A: YFL is a token that combines the fundamentals of Chainlink and Yearn. finance.

Q: Does YF Link Avail Yield Farming? 

A: Yes, YF Link avails Yield Farming.

Q: Who is the founder of YF Link?

A: Josh Rager founded the token YF Link.

Q: Where can I buy the YFL token?

A: YFL is available for trades across popular exchanges like Binance, Coinbase, etc…

Q: How high might YFL’s price rise by the end of 2022?

A: The price of the digital asset might soar up to a maximum of $120.289 by the end of 2022.

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