YF Link Price Prediction, Will YFL Hit $1000 by the End of 2021?

YF Link is a fork of the popular yearn.finance (YFI) which combines Chainlink’s LINK token with Yearn Finance YFI’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 like a giant as it began trade in mid of 2020. Despite certain pullbacks, the price showcased a pretty good momentum to regain the lost positions. And therefore, one can consider YFL to allocate a decent share in their portfolio.

This article aims to provide you with deep knowledge on YFL prediction for 2021 and beyond. Then you will have a clear outlook on whether to invest in YF Link.

Overview

Cryptocurrency	YF LINK
Token	YFL
Price	$ 367.5700
Market cap	$ 17,416,121.0000
Circulating Supply	$ 47,173.2716
Trading Volume	$ 287,813.0000
All time high	$ 1,879.1700     September 2, 2020
All time low	$ 11.9100     August 18, 2020

Fundamental Analysis of YFL

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. 

Liquidity mining is nothing but a strategy that allows the user to stake in a liquidity pool so that they could earn governance token 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. 

Also Read: Chainlink Price Prediction 2021, Will LINK Price Hit $100 By 2021?

YFL Price Prediction 2021

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

YFL has showcased a rising tendency since it was launched, and the market sentiments also have a bullish trend. The price anticipated to grow consistently with the DeFi boom. Woefully, the token might sink below $300 and trade within the same range till the end of 2021. Or if an extreme bullish momentum may give a boost for the price to rally above $500 to $600.

YFL Price Prediction 2022

The price with a bullish end in 2021 might initiate the 2022 trade around $450 to $500, else $170- $250 may be the range. Further the price is expected to rise if the community concentrates on certain developments and partnerships for enhancement of the platform. YFL might decline to the $400 mark if the bulls fail to push the prices up. At the end of 2022, YFL could be exchanged at a value of $700 to $800.

Price Prediction For The Next 5 Years

In 5 years, YFL is anticipated to rise and form a new high. The community might facilitate some inbound developments and certain collaborations might result in attaining the users as well as the investors. YFL might go high even in ranking with the DeFi boom. The token may fall to the $550 level if the community does not succeed to increase the user base and enhance its protocol. By the end of 5 years, YF LINK might be traded around $1100 to $1300.

YFL Market Prediction

Many analysts predict a bull run for the token in the coming days and years. Let us know the price YFL prediction making rounds in the market.

WalletInvestor

According to the analysts associated with walletinvestor.com, the YFL price is expected to drop from $409.785 to $$114.951 in the coming year.

 Gov.Capital

The analyst of Gov.capital predicts that YFL price may experience a bearish trend and hence the price may slide down below $200 by the end of 2021. Woefully, the price is expected to plunge severely in 2022 and eventually go to zero also.

Digitalcoinprice

According to TradingBeasts, YFL could trade at a price of $614.43 by the end of 2021 and anticipated to reach $1193.92 by the end of 2025.

Our YFL Price Prediction

YFL price showcased a bearish trend in the last quarter of 2020. No doubt the price spiked a little yet did not showcase a bullish momentum. However if the DeFi gears up the market yet again, the token might rise high to its previous positions. YF Link may rise to $500 in such case else if fails to do so then the levels below $200 may be imminent by the end of 2021.

Also Read: Yearn.Finance Price Prediction, Will YFI Price Hit $100K By 2021?

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 levels 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 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 the 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 as the expansion of broader currency 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.

Also Read: Holochain Price Prediction, Will HOT Price Reach $0.1 By 2021?

FAQ

Source: https://coinpedia.org/price-prediction/yf-link-yfl-price-prediction/