What is the Chinese name of yfi coin?

The Chinese name of YFI coin is Yearn.finance governance token. It is a token used for governance in the Yearn.finance ecosystem. The holder has the right to vote on the development direction of the protocol.

The Chinese name of YFI coin

The Chinese name of YFI coin is Yearn.finance governance token .

Detailed explanation

YFI coin is the governance token in the Yearn.finance ecosystem, and Yearn.finance is a decentralized finance (DeFi) based on Ethereum protocol. Holders of YFI coins have voting rights for the future development direction of the Yearn.finance protocol.

Other related information

• Issuance: 30,000 pieces
• Usage: Governance and Staking
• Listed exchanges: Binance, Uniswap, SushiSwap and more

Yearn.finance (YFI) continues to fall amid intense volatility and is currently trading at is $5567.48. Its value has plunged 8.73% since yesterday, with daily trading volume reaching $26.19 million. As prices continue to move lower, investors are keeping a close eye on where YFI will go next.

From a technical perspective, YFI’s downtrend is clearly visible. Its 200-day moving average (MA) at $6,200 is currently acting as strong resistance, hampering any rebound attempts. Additionally, the 100-day moving average (MA) at $5,800 is also providing resistance to the price.

In terms of support, YFI’s 50-day moving average is $4,800, and if it falls below this level, further losses are likely. However, losses are expected to be limited due to strong support near $4,200.

Overall, YFI’s technical indicators suggest that it is currently in a bear trend. Failure to rebound above $6,200 may continue the decline to $4,800. It is crucial to be patient and monitor price action for signs of a reversal of the trend.

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