Cryptocurrencies Price Prediction: Ethereum, Tezos & Yearn.Finance – American Wrap 10 December
|Ethereum price aiming for $800 as institutional investors buy the dip
The largest cryptocurrency trust fund, Grayscale, has recently purchased around 131,254 Ethereum pushing its total to $1.66 billion at current prices. Ethereum has managed to defend a critical support level on the daily chart and it’s aiming for higher highs.
Tezos price shows severe signs of a potential pullback towards $1.7
Tezos has been trading inside a descending wedge on the daily chart since June 2020. Unlike other cryptocurrencies, Tezos hit its 2020-high of $4.49 on August 13 and has been consolidating since then.
Yearn.Finance price about to rebound as the DeFi protocol reports net income of $3.8 million
Yearn.Finance (YFI) attempted a recovery above $32,00 on December 2 only to retreat below $25,000 at the time of writing. The popular DeFi-token lost over 16% on a week-to-week basis and moved back to the 31st position in the global cryptocurrency market rating. With the current market capitalization of $748 million, YFI goes right after IOTA and Uniswap in the ranking.
%20[16.28.23,%2010%20Dec,%202020]-637432043194665110-637432190740797725.png){kind=link}
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.