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YFI is the first coin to reach $ 90,000, not Bitcoin
YFI (Yearn.Finance) is one of the digital currencies associated with the world of decentralized finance (DeFi), and has drawn attention due to its very high price compared to other digital currencies.
The reason for the high price of YFI:
Very limited total supply: The number of YFI available for trading is only 30,000 units, making it very rare.
Effective use: It is used in the Yearn.Finance system, which enables high returns from decentralized finance strategies.
Community and support: The project is backed by a strong community and high transparency, which increases its market value.
Is it the second most expensive coin?
In terms of individual unit price, YFI may be one of the most expensive digital currencies ever, sometimes even exceeding the price of Bitcoin (BTC).
But in terms of total market cap (Market Cap), it is not among the highest currencies such as Bitcoin or Ethereum. Market cap is based on the number of units available and the price of each unit.
Therefore, YFI is considered one of the most expensive coins in terms of individual price, but not the second in the ranking based on market cap.