Digital market analysts named the cryptocurrency that grew by 217%

On Monday, November 20, the global cryptocurrency market capitalization increased by 1.62% to $ 1.41 trillion. According to the analytical tracker CoinMarketCap, daily transactions with digital assets reached more than $ 40 billion. The dominance of bitcoin BTC $95,814.78 Bitcoin -1.39% Market capitalization $1.9 trillion VOL. 24 hours $2.46 billion is stable at 51.4%, while that of ethereum ETH $3,332.99 Bridged Ether (StarkGate) -1.18% Market capitalization $0.3 billion VOL. 24 hours $1.45 billion has dropped to 17%. The Fear and Greed Index has also fallen, but still maintains an optimistic level of 74 points.

But despite the relatively good performance, cryptocurrency experts have singled out a token that has plummeted by more than 35% in a day — yearn. finance (YFI). The price drop occurred after rapid growth over the past few days. The digital token can be purchased for an average of $ 8896. The market capitalization amounted to $ 305.42 million, and daily trading volumes were recorded at $ 430.78 million, an increase of 17.8%.

It is worth noting that YFI cryptocurrency is trading 81.65% higher than a month ago. In mid-October, the price of the coin hovered just below $ 5000. By November 17, it had reached a local high of $ 15,600, but on the night of November 17−18, the value of the virtual currency plummeted below $ 9000.

Yearn.finance is a service aggregator for investors in the DeFi sector. It uses automation technology to maximize profits from the process known as yield farming. The key objective of the protocol is to simplify work in the DeFi ecosystem for those investors who do not have specialized skills.

Industry analysts also noted the following digital tokens that have significantly pleased their investors at a distance of a week. For example, Celestia (TIA) rose in price by 59.65%. Its price reached $ 6.65. It is important to note that since its launch, this digital currency has already risen in price by 216.8%.

In addition, Kaspa (KAS), Avalanche (AVAX), and THORChain (RUNE) have shown excellent results over the past 30 days — KAS has grown by 194.2%, AVAX by 144%, and RUNE by 298.75%, respectively.