DFI Money Price Prediction 2023, 2025 and 2030. Is YFII a good investment?

DFI Money Price Prediction 2023, 2025 and 2030. Is YFII a good investment?

DFI Money Price Prediction: Considering its growth rate of 27% in one month, its value might get doubled within just four months.

DFI Money Price Prediction: Latest Price

Price volume analysis

The graph ahead represents a variation of price vs volume for a month (from November 10th to December 8th) for YFII:

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The above data suggest that YFII’s volume increased by 1.8 times on November 15th for a day and later started to decline. From November 19th to 20th, YFII’s volume saw a sudden spike of 3.07 times, but its price declined by 1.44 times during that period.

Another spike in volume was observed from 3rd to 4th December, when the volume increased by 3.5 times and the price increased by 1.28 times.

DFI Money Price Prediction: What is DFI money used for?

The crypto has a maximum supply of 39,375 YFII tokens and out of which 38,596 YFII are already in circulation (98% of the total).

The following are the four main use cases of DFI money:

  • DFI crypto is used to trade and exchange currency on various crypto trading platforms.
  • DFI money can be quickly transferred across the globe and hence, a good means to transfer funds without worrying about levy charges.
  • It can be used as a payment method for various e-commerce websites (such as WooCommerce).
  • DFI crypto is a good mode of online payment as it is accepted by many vendors.

DFI Money Price Prediction

The current market price of DFI Money is $1586.6 and is down by more than 16% in just 24 hours. Below attached is its one-day graph:

image 182
Image: YFII’s one-day graph

Before predicting whether YFII is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:

image 183
Image: YFII’s 1 year graph

Above is the YFII’s graph for 1 year and as we can see that the market price of DFI Money one year ago was $3,700. Hence, there is a decline of 134.1% in YFII’s price since since last year. Also, there a numerous ups and downs stating that the decline wasn’t consistent.

image 184
Image: YFII’s 3-month graph

YFII’s price has increased by more than 35% in just three months (though the increase was not at all consistent; as we can see a hike at $4,010), keeping in mind that its price 3-months ago was $1031.

The all-time high value of YFII is $8,671 achieved in September 2020 and after that, the price started to fall (not consistently though) and is currently priced at $1,578 (much below its all-time high). Also, its market price a month ago was $1,149. It means that it has grown by more than 27% since then.

Now, considering its growth rate of 27% in one month, its value might get doubled within just four months.

Also, it is 447% below its all-time high value, which leaves a huge scope for its growth in future.

DFI Money Price Prediction: Competitor Analysis

DFI Money is a fork of Yearn Finance which is a very popular Defi aggregator platform. DFI primarily optimizes the returns for Defi investors. Two notable competitors of DFI Money are Harvest Finance and Compound Finance. Let’s have a thorough analysis of DFI with its competitors.

Harvest Finance

Harvest Finance aims to help users earn Defi yields on the farmers’ deposits. It automatically farms the highest possible yields using various latest techniques. FARM is its cash flow token. It helps the users earn interest on ideal assets (mix of investments, from most aggressive to safest).

Harvest Finance is built on Ethereum and helps users to earn a yield on their crypto investments. Here, the users can deposit their assets in various lending pools (interest-bearing pool and savings pool). These pools are used to provide borrowers with the required liquidity.

Compound Finance

Compound Finance is an algorithmic protocol that provides developers with numerous financial applications. It helps the users to earn interest even when their assets are in cold storage and provides the highest possible returns.

Also, it is a place where users can borrow or lend cryptos using their Ethereum Wallets. Compound Finance is one of the famous protocols that has made the lending and borrowing process in the crypto space easier.

Compound finance runs on Ethereum and incentivizes a network of computers for the purpose of operating the traditional money market. It enables borrowing and lending without the need for any bank or any other financial intermediary.

When a deposit is made, Compound finance provides the lender with a crypto called cToken (which can be traded without any restriction). Also, lenders are free to withdraw their money anytime they want. Now, lenders are rewarded with COMP tokens based on the cTokens in their wallets.

How are these different from DFI Money?

 DFI MoneyCompound FinanceHarvest Finance
Major audienceCrypto traders looking for decentralized financeDevelopers looking for autonomous interest rate protocolIndividuals looking for yield farming protocol to put their assets in high-producing farming opportunities
Supported platformsSaasSaasSaas
CategoriesDefi, Crypto staking, yield farmsCrypto lending, dApps, Defi projects and Yield FarmsCrypto staking, dApps, Defi Projects and yield farms
IntegrationsTotal 26 integrationsTotal 54 integrationsOnly 9 integrations including Binance Wallet
Performance in the last 7 days-37%-3.2%-2.2%
Performance is the last 1 year-134.1%-672%-360%
Active Users   

How recent withdrawals will affect these cryptos?

As we can see that people are not spending much on cryptocurrencies, instead they are holding their money. One of the reasons for this is the increase in the Consumer Price Index in the United States.

Note that the latest Consumer Price Index number in the United States is 296.76. The value was 280.13 at the start of this year and it is constantly increasing over the past three months.

In case, people decide to withdraw their money from crypto and hold it back to themselves, then a majority of the cryptocurrencies will be affected. Hence, their prices can further go down. Let’s see how will it affect the above-mentioned cryptocurrencies.

As Harvest Finance and Compound Finance are the platforms that can be used for borrowing money by users, people might still require these to get loans. Here. The DFI’s sole purpose is to enhance the profits of the cryptocurrencies, therefore, it will be maximally affected by the macroeconomic factors.

On the other hand, Harvest Finance will be least affected as it is a platform that provides loans without requiring a banking institution.

Price analysis of DFI’s competitors:

The current market price of Harvest Finance (FARM) is $28.07 and is down marginally by 0.24% in the last 24 hours. Its price one month ago was $36.3 meaning that the price has decreased by nearly 26% in one month.

image 180
Image: 1-month graph for FARM

On the other hand, the current market price of Compound Finance (COMP) is $37.26 and is marginally down by 0.81% in the last 24 hours. As we can see from the graph above, one month ago, COMP was priced at $50.4. It means that COMP has decreased by 35% in one month in comparison to a 26.4% decline in YFII (DFI Money).

image 181
Image: 1-month graph for COMP

As we can analyze that DFI money has underperformed for a week as compared to its competitors, but, has performed much better since a year (in terms of market price). Its utility is primarily for obtaining high yields.

DFI’s Vault helps traders to switch between various crypto investments and crypto assets. Hence, the users can earn excellent APY just by adding liquidity to the pools.

DFI Money’s attribute through which the users can seamlessly switch from different pools is what makes it unique over its competitors. Users can switch to obtain better returns and earn high APY.

DFI Money Price Prediction: Is DFI Money a good investment?

DFI Money is built on Ethereum Blockchain and is a forked platform of Yearn Finance. It has a certain innovative suite of Defi Products to offer, which includes crypto liquidity staking and algorithmic stablecoin investment solutions.

It offers a liquidity provision to help borrowers and lenders to leverage the availability of crypto assets. Additionally, it is known to offer high APY to liquidity.

What are the features that set DFI Money apart?

  • DFI Money offers a lucrative investment offering for traders.
  • Users can switch from different pools in order to gain high APY very easily.
  • With the help of Vaults, the protocol recommends the best crypto pools to earn better returns for the users.
  • DFI Money allows users to invest in Balancer and Curve Finance.
  • It allows the users to select algorithmic stablecoin trading options.

Upon analyzing the price movements and the competitors, we can safely say that DFI Money is a good investment if you are planning for the short term. It has certain unique features that can help you achieve higher returns in a shorter span but is not worth holding for longer durations.

DFI Money Price Prediction Daily Outlook

Overall OutlookNegative
1. Market's WisdomNeutral
1a. Market DataNeutral
1b. Technical RecommendationNeutral
2. Crowd's WisdomNegative
2a. Social Media BuzzLower
2b. Social Media SentimentLower

DFI Money Price Prediction 2023, 2025 and 2030

Although the price prediction cannot be 100% accurate, deep analysis and the coin’s past performance can indeed predict its future.

To predict the near-accurate value of any token, its price history and movements help a lot. Let’s have a brief look at YFII’s all-time high value and predict its price for 2023, 2025 and 2030.

With a Coinmarketcap ranking of #279, DFI Money has a market capitalization of $61,403,848. Currently, 38,596.00 YFII tokens are in circulation, which is 98% of the total supply.

image 179
Image: All-time high graph of YFII

The all-time high value of YFII is $8761, meaning that it is 447% below its all-time high price which it achieved in September 2020. The above graph depicts that YFII’s price has increased by nearly 90% since the time of its launch in August 2020 to reach its all-time high price. As discussed earlier, there is a decrease of 134.1% in YFII’s price in a year and 26.4% in one month.

DFI Money Price Prediction 2023

As per the Price Prediction, in 2023 the YFII price is expected to go above an average price level of $5,743.4, and the expected minimum price value of YFII by the end of the current year should be $5,582.1. It can reach a maximum price level of $6,631.5.

DFI Money Price Prediction 2025

As per the Price Prediction, in 2025 the YFII price is expected to go above an average price level of $12,361.5. The expected minimum price value of YFII by the end of the current year should be $11,948.3. It can reach a maximum price level of $13,897.9.

DFI Money Price Prediction 2030

As per the Price Prediction, in 2030 the YFII price is expected to go above an average price level of $84,029.6. The expected minimum price value of YFII by the end of the current year should be $81,670.8 and it can reach a maximum price level of $98,546.5.

DFI Money Price Prediction: About DFI

DFI Money, a fork of Yearn Finance (YFI), is a cryptocurrency that enhances the returns of Defi investors. Its main purpose is to earn better profit from highly valued cryptocurrencies.

Note that DFI money is expected to provide good returns when considered as a long-term investment. YFII is the native token of DFI.Money and the number of YFII tokens are fixed.

It has gone through many changes in its protocol and also released many new products. The Vault is one such product released by DFI Money. Vault automatically helps the users to gain the maximum returns of any token without the people manually setting up the transactions.

DFI Money follows a popular pattern of Bitcoin i.e., it has implemented the YIP-8 proposal and hence the YFII rewards get declined every week.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Charu Taneja

Charu Taneja

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