The decentralized exchange Uniswap’s native governance token Uniswap, Yearn Finance’s governance token YFI, and the decentralized on-chain protocol Sushiswap’s SUSHI token are one of the most popular digital tokens in the decentralized finance (DeFi) industry. They have grabbed the attention of the cryptocurrency community throughout the year 2020 with their price action, most particularly UNI and YFI. However, they have also witnessed price drops over the course of recent times along with some bullish rallies. The following is given a price update for these three famous DeFi coins.
The top-ranked defi protocol Uniswap’s UNI has shown a bullish behavior over the course of the last ten days. The price value of UNI went down on the 7th of October to hit a low of $2.47. However, after that, the coin has been moving in an upward direction. On October 10, it witnessed a massive price rally which sent the price value of the coin to go high to hit $3.66.
However, a few days after, UNI’s price saw a price drop due to which the coin moved down to the $2.90 level once again on October 14. The coin is still residing in the bearish zone. At the time of writing, the price of UNI is trading at $2.97 with a negative change rate of -3.07% in 24 hours. The next target for the coin is to break the next major resistance at around $3.60.
Yearn Finance (YFI)
Yearn Finance’s governance token YFI is also trading in the bearish zone. It is continuously trading in a downward direction for the past one month. YFI recorded its all-time high value of $43,873.82 USD on the 12th of September 2020. After that, it started downward movement and has not been able to lift up so far.
The coin is trying to come out of its bearish movement. Currently, its price value is standing at $13,567.65 USD with a change rate of -2.53% in 24 hours. When YFI reached its all-time high value, it overtook the world’s largest digital currency Bitcoin (BTC) to become the most valuable cryptocurrency of the world.
After hitting its all-time high value of $11.93 on September 1, 2020, SUSHI’s price value has been trading down. Even, its price went as low as to reach $0.55 in the first week of October. However, on October 10, it showed some bullish movement and hit around $0.87. At the press time, the price of SUSHI is down by -0.66 percent in 24 hours while trading at around $0.65.