Altcoins have become new favorites in the cryptocurrency market in recent years. Altcoin YFI attracted attention with its 50 percent rise overnight.
Altcoin YFI rose 50 percent
In the crypto money market, where the investor mass with Bitcoin has grown considerably, altcoins have been dominating in recent years. The altcoin named YFI has attracted attention with its rapid rise in recent days.
Owned by Yearn.finance, YFI has surged 53% from $ 4.19 to $ 6.43 in the past 24 hours. Of course, we are used to such increases and decreases in the kirpto money market. What was interesting was that YFI was generally considered to be completely worthless and had zero financial value.
YFI, which was released at the end of June, experienced a great movement, especially in the second week of August. When Binance, one of the largest cryptocurrency exchanges in the world, started to list YFI, there was a significant movement in YFI value. However, this rise of 53 percent was recorded as the biggest rise in YFI history.