One of the most interesting situations facing the crypto world today is that Bitcoin is not the center of attention for investors. And, in the midst of the rise of decentralized finance, most crypto users are aware of what is happening with the price of other cryptocurrencies. Which has led to the rise of coins like Ethereum. As well as movements like that of Scott Melker, who continues to invest in YFL as commented in the Tweet of the day:
Scott Melker trusts YFL
Virtually no one related to the crypto market is unaware of the existence of yearn.finance. And it is that, with only a couple of months of life, this decentralized finance project has become one of the most important cryptocurrencies in the world. Managing to go from a launch price of 0 dollars, to the 22,529 at which it is currently listed. After reaching a high of $ 34,136 starting September.
So it’s no surprise that yearn.finance-related projects attract public attention. With investors aware of the possible emergence of a project that repeats the success of yearn.finance. To be able to capitalize on the enormous benefits that a virtual currency with these characteristics could generate.
It is thanks to this that an Ethereum token such as YF Link (YFL), emerged from a fork of yearn.finance, has managed to convince important investors such as Scott Melker to enter its market. Achieving in less than a month to reach a peak of $ 1,467, before falling back to its current price of $ 595. Despite which, Melker remains optimistic about YFL:
«I am buying YFL again, it has been the easiest trading over and over and over again«.
With this message, Scott Melker shows his confidence in a new rally in the price of YFL. Which also coincides with his optimism in recent days regarding the future of decentralized finance projects. A prediction that, coming from a veteran investor like Melker, must be taken into account.