Dethroning Bitcoin: YFI Has Flippened BTC by 3x
Some people in crypto are purists. While I do keep a lot of my net worth in BTC and tend to base my trades in the pair of Bitcoin, I still see the potential of other coins.
Some are blind to this speculative potential, but I think that the right mind and strategy can take advantage of these coins to make some ridiculous profits and ultimately go back into BTC.
The hodlers of YFI have made out like kings with their coin going from $400 to nearly $40,000 USD in under 2 months.
This has been a fascinating experiment to watch and YFI looks like it is quickly approaching that coveted $50k mark before BTC gets even close.
https://twitter.com/binance/status/1299948052120133635
I wouldn't take my BTC bag and convert it into YFI, but the trader in me has seen this thing go from 0 to 100 real quick. There's a lot of potential in this Uniswap coins and I think it's more important than ever to educate yourself about the new norm in crypto.
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The trend is your friend...until it turns on you. Too risky for my taste.
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$YFI makes $BTC look like an Altcoin