Altcoins’s YFI token will soon shoot to the moon’s YFI token has been constrained to tremendous volatility during the past couple of days. Its price was plunging to lows of $7,500 before observing one of the most powerful short squeezes ever.

In a couple of hours of touching these lows, a sudden influx of buy-side demand sent it soaring to highs of $18,000, marking a well-over 100% rally from its daily lows.

This move energized the aggregated DeFi sector, making DEX trading volumes to shoot up while investors began hurrying back into the embattled area.

Since the DeFi blue chips have seen viable momentum during the past couple of days, there’s a clear chance that this is just the beginning of what could be a bull-favoring course reversal.

The macro-environment within the crypto market favors this possibility, as Bitcoin and Ethereum’s immense strength could spark a capital rotation event into higher beta assets like’s YFI.

So long as BTC continues to be stable, investors will undoubtedly move to higher risk assets to increase profitability.

One crypto-focused economist is now pointing to three trends working in’s favor, noting that they all indicate upside is imminent. Maintains Recent Gains as Investors Flood into DeFi Market

At the time this article was published,’s YFI token is trading up 10% at its current price of $15,300. This marks a notable rebound from daily lows of under $13,000.

These lows were set soon after it rallied to highs of $18,000, with this decline coming about due to aggressive profit-taking.

A hint that this new move is more than just a dead cat bounce or a short pressure is that a sustained decline has not followed.

These 3 Factors Could Help Guide YFI Higher

One crypto-focused economist sees three trends that indicate altcoins like’s YFI will be able to push higher in the week ahead.

He calls this week a “risk-on week,” adding that BTC will be trading with risk while altcoins trader likes high betas than the benchmark cryptocurrency.

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