YFI. What's in the cards

Profile picture
socialtrends
Sep 3, 2020

YFI is the DeFi star.
Can it grow to 100.000 $ (as some expected) or should it first go down to 12.000 $ (as many late comers wish)?


Metrics used in this research:

  • On-chain: daily active deposits, mean dollar invested age
  • Social: YFI own community activity, Twitter attention, Telegram groups social volumes


Let's check some metrics to find out the truth.


Daily Deposits (to exchanges). (Source: Sanbase)
Mean Dollar Invested Age (Source: Sanbase)

The story here seems to be the following.

On the second chart we see that there have been three big redistribution waves. Each of them accompanying the strong bull push to the new highs (in each case). Now the "late comers" (and some of the early holders/believers) are in "hodl"/accumulate mode.

On the first chart we can observe the mood of these holders as "slightly alerted", but

There’s more of this Insight

Choose your subscription plan

Sanbase PRO

Unlock all PRO insights
$51/mo

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!

Assets from this insight

yearn.finance logo

yearn.financeYFI

$ 24041.90

26.82%in last 7d
0