How not to lose your MIOTA tokens in the next upgrade

IOTA 1.5: How not to lose your MIOTA tokens during the next upgrade

The IOTA Foundation has announced token migration guidance for the transition to the second phase of Chrysalis. The section marks the final episode before Coordicide.

Hardly any protocol upgrade is awaited with as much excitement in the crypto space as the end of the coordinator in the IOTA network. The central authority is still holding the threads together in the Tangle. By the end of 2021, however, the coordinator should have done its Golden Profit job and IOTA will finally fulfil the promise of a completely decentralised network environment. In an intermediate step, however, IOTA will first pass Chrysalis Phase 2 and thus usher in IOTA 1.5, the last stage before the 2.0 version. To ensure that MIOTA tokens are not lost during the transition, the IOTA Foundation is providing users with a migration guide.

On the way to coordicide

With the transition to IOTA 1.5, users will need to migrate their tokens to the new network. They can do this before or after the launch. However, although there is „no practical difference between these two options“ according to the blog post, the Foundation advises transferring before the launch of the second Chrysalis phase.

The migration process is said to be a few steps and as simple as possible. Users simply need to enter their IOTA seed into the Firefly wallet. Firefly then creates a new seed and generates an EdDSA address for the new network environment. The credit is then sent to a migration address on the old network. The tokens are then available in the EdDSA address in the new network. If users migrate their tokens before the Chrysalis launch, they are available immediately after the launch.

This process does not change for Ledger Nano users. After they have connected their hardware wallet, Firefly guides them through the migration process. However, Firefly is initially only available on Mac, Linux and Windows. Currently, the IOTA Foundation is also working with the „major exchanges“ to enable a smooth transfer of funds to the Chrysalis network, he said. The migration process is expected to begin seven days before the Chrysalis Phase 2 transfer. However, a date has not yet been set.

Where does IOTA stand?

Although the IOTA Foundation has brought order to network sections with a new nomenclature, it is not always easy to keep track of the status quo of redevelopment work. With the transfer of Crysalis Phase 1 to the mainnet in August 2020, the Tangle network is still one step away from its 1.5 version, which will be heralded by the implementation of Chrysalis Phase 2, marking the final stage before the Coo-free environment of IOTA 2.0.

In parallel, the 2.0 version is being put through its paces in a testnet environment. Pollen represents the first testnet and has been online in a revised version since January. Phase Nectar is planned for the second half of 2021. At the end of the three-stage release phase is Honey, which contains all the modules of the new, Coo-free Tangle architecture. Given the sprawling to-do list, it is questionable whether the Foundation will be able to keep to its schedule this year. Nevertheless, the interim results are beginning to give a foretaste of the eagerly awaited 2.0 version.

The interim status reports and paired expectations have also been pricing themselves into the MIOTA share price for a few days now. On 11 February, MIOTA rose above one US dollar for the first time since July 2018. At the time of going to press, MIOTA is trading at 1.32 US dollars, up 75 per cent for the week.

FinCEN re-extends comments on cryptocurrency regulation

The Financial Crimes Enforcement Network (FinCEN) has extended the discussion period for regulations on cryptocurrency transactions by 60 days. This was announced on the agency’s website.

The proposed regulations at the end of 2020 would tighten identification requirements and require exchanges to retain information on customers transferring digital assets worth more than $3,000. The authority has also requested transaction reports for users Crypto Genius who trade more than $10,000 worth of digital assets per day.

Earlier, FinCEN extended the acceptance of comments by 15 days for reporting requirements and 45 days for counterparty record-keeping rules.

Representatives from a16z, Coinbase and Square CEO Jack Dorsey called the regulations disastrous for the cryptocurrency industry.

On 21 January, new US President Joe Biden suspended FinCEN’s proposal to verify non-custodial wallet users pending a review by newly appointed officials.

Egli ha concluso che una di queste tre opzioni sbloccerà

Le riserve Bitcoin di Block.one valgono ora il doppio dell’intero tetto del mercato EOS

Block.one detiene una BTC di 140.000 BTC, che vale circa il doppio del market cap di EOS. Questo fa di EOS un acquisto?

EOS ha ampiamente sottoperformato durante questo rally di crypto e si è ritirato dalla top ten per limite di mercato, ma un dirigente del settore ritiene che potrebbe Crypto Engine essere uno dei migliori asset digitali di rischio/rendimento al momento.

Il Chartered Financial Analyst e il CIO dell’Arca Jeff Dorman hanno fatto questa affermazione basandosi sulle ampie partecipazioni Bitcoin di Block.one.

Prima di approfondire la questione, Dorman ha osservato che EOS è l’unico asset crittografico importante, a parte l’XRP, che non ha realizzato guadagni significativi durante questo rally. Negli ultimi dodici mesi, i prezzi di EOS sono diminuiti del 26%, con perdite che recentemente hanno subito un’accelerazione a causa delle dimissioni del CTO Dan Larimer.

Ma con molti „progetti zombie“ in crescita del 300% fino al 1.000%, egli ritiene che EOS fornisca una buona opportunità di rischio/ricompensa.

Block.one possiede 140.000 BTC per un valore stimato di 5,5 miliardi di dollari a prezzi correnti, secondo i dati compilati da una piattaforma di confronto finanziario Bankr.nl. Il CFA ha confrontato la capitalizzazione di mercato di EOS con quella delle sue partecipazioni Bitcoin;

„A 2,77 dollari, la capitalizzazione di mercato di EOS è di 2,6 miliardi di dollari, che rappresenta solo il 47% del valore delle loro partecipazioni BTC. Ciò significa che acquistando $EOS, si sta effettivamente acquistando $BTC a $18.771. Sconto enorme“.

Dorman ha dichiarato che generare un ritorno sull’investimento, o ROI, dal valore contabile è essenzialmente una scommessa su ciò che il management farà con quel capitale.

Block.one e i team di EOS hanno fatto ben poco per infondere fiducia, ha aggiunto

Ma Dorman ha suggerito che a questo punto, EOS e il CEO di Block.one, Brendan Blumer, hanno bisogno di creare valore per i detentori di gettoni il più presto possibile, o di restituire il capitale, o di aspettarsi grandi cause legali.

Egli ha concluso che una di queste tre opzioni sbloccerà questo valore e colmerà il divario tra il tetto del mercato di EOS e il valore del Bitcoin nel bilancio di Block.one, che attualmente è di 1,5 miliardi di dollari in più rispetto a quello raccolto dalla società nel maggio 2018.

Non tutti erano d’accordo con il CFA e un intervistato ha sottolineato che acquistare EOS non è la stessa cosa che acquistare BTC;

„Per essere chiari, NON si acquista Bitcoin acquistando EOS. Block One possiede il 10% della fornitura di gettoni EOS. Essi aggiornano il codice EOS. Ma EOS è una catena di blocco pubblica. E il B1 non ricompensa i possessori di gettoni EOS con le loro partecipazioni in Bitcoin“.

L’enorme quantità di Bitcoin sui libri di Block.one può dare peso al commento del crittografo Peter McCormack:

„EOS non era altro che una rapina ai Bitcoin.“

Al momento in cui scrivo, EOS era quotata a 2,80 dollari, piatta il giorno e in calo di quasi il 13% nell’ultima settimana.

Bitcoin prijs volatiliteit pieken als BTC walvissen verkopen elke nieuwe high

De gegevens suggereren dat de prijsdalingen van Bitcoin bij elke nieuwe all-time high het resultaat zijn van de verkoop van „megawalvissen“ in de vorm van liquiditeit.

De Bitcoin-prijs heeft het $40.000 niveau hersteld als ondersteuning, maar als stierengevecht in de richting van een nieuwe all-time high is de mogelijkheid van een nieuwe scherpe verkoopweefgetouwen.

Volgens analisten van Material Indicators, een cryptoanalysebedrijf, Immediate Edge verkochten de megahonden sterk toen Bitcoin op 7 januari $40.000 sloeg. Dit leidde tot een snelle daling van 10% naar het $36.000 gebied in de komende uren.

De dip werd snel opgekocht, waardoor de prijs in de komende 12 uur boven de $41.000 uitkwam. Echter, BTC zag nog een grote daling na het instellen van een andere all-time high op 42.000 dollar, en op het moment van schrijven van de top-ranking digitale activa is de handel op 40.800 dollar. Volgens Materiële Indicatoren:

„Dus, het ziet er naar uit dat de megahonden na die dump rond 2 uur ’s ochtends UTC begonnen zijn met de verkoop, en verder gingen met de verkoop op de pieken. Mijn gok is dat ze meer nadelen verwachtten. Ze namen niet echt deel aan de rally terug tot 42k, wat dat punt verder zou ondersteunen.“
In de meest recente terugtrekking van 42.000 tot 40.000 dollar, verklaarden analisten van Material Indicators dat kleinere walvissen, die 100.000 tot 1 miljoen dollar in handen hebben, winst beginnen te maken. Ze merkten op:

„Maar nu zijn ze weer begonnen met kopen. Vermoedelijk om de 42k weerstand te doorbreken. Alleen deze keer lijken het de normale walvissen (klasse $100.000 – $1 miljoen) te zijn die winst beginnen te maken“.

Bitcoin heatmap. Bron: Materiële indicatoren
Gezien het feit dat de Bitcoin-prijs de afgelopen week soms hoger is verhandeld op Coinbase, is het duidelijk dat er een grote vraag naar kopers is vanuit de VS.

Dit suggereert dat er een strijd is tussen normale walvissen die winst maken en nieuwe kopers op de Amerikaanse markt. De scherpe afwijzing van elke nieuwe recordhoogte wijst er ook op dat de walvissen agressief winst kunnen maken zodra Bitcoin een nieuw recordhoogte bereikt.

Daarom is het belangrijk dat de vraag naar Bitcoin vanuit de VS op korte termijn wordt volgehouden. Anders zou de hoge verkoopdruk van de walvissen BTC binnen afzienbare tijd een correctie kunnen opleveren.

Waar zou Bitcoin vanaf hier naartoe kunnen gaan?

Bitcoin heeft op dit moment een extreem sterk technisch momentum dat de prijs blijft opdrijven. Om deze reden zijn handelaren terughoudend om het te korten, maar sommigen zijn begonnen met het nemen van winst.

Op de korte termijn is een zorg voor Bitcoin het potentiële herstel van de Amerikaanse dollar. Een pseudonieme handelaar die bekend staat als „Cantering Clark“ heeft de opleving van de Amerikaanse dollar en de daling van edele metalen in kaart gebracht. Hij zei:

„Dus de vraag is, met de $DXY die verrassend genoeg een vloer vindt, en de metalen die reageren door gebombardeerd te worden, houdt $BTC het goed?“
De Amerikaanse dollar-index (DXY) zweeft op een ondersteunend niveau op de maandgrafiek. Alternatieve winkels van waarde, zoals Bitcoin en goud, zijn geprijsd ten opzichte van de dollar. Als de dollar stijgt, kan het risico op een BTC-correctie dus toenemen.

Prefeito de Miami está ‚aberto‘ à exploração, alocando 1% das reservas da cidade para o Bitcoin

O prefeito de Miami, Francis Suarez, revelou que está aberto a explorar a alocação de 1% das reservas do tesouro da cidade em bitcoin. Suarez tem explorado a criptomoeda nas últimas semanas.

O prefeito da cidade de Miami, Flórida, revelou que está aberto a alocar parte das reservas do tesouro da cidade no BTC em resposta a um tweet de Anthony Pompliano (também conhecido como „Pomp“), cofundador e parceiro da Morgan Creek Digital Assets, pedindo o movimento.

A alocação, de acordo com os dados disponíveis, seria significativamente menor do que os investimentos que várias empresas fizeram em bitcoin no ano passado

A MicroStrategy, por exemplo, comprou mais de US $ 1 bilhão em BTC, enquanto a alocação de Miami pode ser de cerca de US $ 18 milhões.

Para alguns na comunidade de criptografia, no entanto, a mudança faz parte de uma adoção mais ampla da criptomoeda carro-chefe. Outro usuário pediu ao prefeito Francis Suarez para permitir que os cidadãos paguem pelos serviços da cidade na criptomoeda carro-chefe „para começar“. Em resposta, Suarez disse que a cidade “definitivamente” trabalhará nisso este ano.

Em resposta, outros usuários apontaram para a senadora eleita Cynthia Lummis, que prometeu aumentar o perfil do BTC no Congresso quando ela assumir o cargo. Durante um podcast, a Wyoming Republication disse acreditar que o bitcoin é uma grande reserva de valor que pode ajudar a lidar com a dívida nacional dos EUA, que é considerada uma de suas maiores preocupações.

Para o senador eleito, o bitcoin é uma reserva de valor melhor do que o papel-moeda, porque há um estoque finito de BTC que pode estar em circulação: 21 milhões de moedas

A inflação, disse ela, está „embutida no plano do Federal Reserve para o dólar americano“, a ponto de as pessoas que vivem de suas economias na aposentadoria verem seu poder de compra ser corroído pela inflação.

A adoção do Bitcoin parece, como tal, não ser apenas entre empresas, mas também entre funcionários públicos. A demanda pela criptomoeda tem aumentado nos últimos meses, ajudando seu preço a ultrapassar a marca de US $ 30.000 pela primeira vez.

Il prezzo di Bitcoin si avvicina a $ 30.000 con nuovi massimi storici

Un rapido ritorno alla forma per Bitcoin genera guadagni giornalieri dell’8% e non dà alcun accenno a un’inversione più profonda sotto i $ 30.000.

Bitcoin ( BTC ) è tornato a raggiungere i record il 30 dicembre dopo che un nuovo rimbalzo l’ha portato sopra il suo massimo storico di $ 28.400.

Il prezzo di BTC raggiunge il massimo storico

I dati di Cointelegraph Markets e TradingView hanno mostrato che BTC / USD ha affrontato il suo attuale massimo storico durante il trading di mercoledì.

In una forte ripresa durante la notte, Bitcoin Revolution ha confermato di non avere tempo per gli orsi dopo essere sceso brevemente a partire da $ 25.830 nelle ultime 24 ore.

I guadagni giornalieri erano al 7,5% al ​​momento della stampa quando $ 28.560 sono diventati realtà.

La mossa porta Bitcoin sempre più vicino a sigillare $ 30.000 come nuovo livello psicologico prima della fine dell’anno, qualcosa che sembrava quasi impossibile solo una settimana fa.

Come riportato da Cointelegraph , tuttavia, gli analisti credono ancora che un’inversione potrebbe portare la più grande criptovaluta al supporto esistente a $ 19.500.

Martedì, l’analista di Cointelegraph Markets Michaël van de Poppe ha comunque evidenziato $ 27.500 come area critica da superare per aprire la strada a nuovi massimi storici.

Il prezzo dell’etere guida i guadagni di altcoin

L’impatto a catena tra le principali altcoin è stato chiaramente sentito, con Ether ( ETH ) che si avvicinava a $ 740 dopo essere cresciuto del 5,5% nel corso della giornata.

Polkadot (DOT) aggiunto alla forza esistente per vedere avvicinarsi al 50% delle prestazioni settimanali.

Bitcoin może osiągnąć 40.000 USD, jeśli Bull Run będzie kontynuowany

Cena Bitcoin może być skierowana na ostry bieg byka, jeśli rynek kryptokurwalutowy wybierze kierunek w górę według analityków.

Bitcoin może osiągnąć do 40.000 USD, według analityków krypto walutowych po rajdzie bożonarodzeniowym.

Cena Bitcoin pobiła rekordowe rekordy w Boże Narodzenie, osiągając poziom 24 000 USD, a następnie rośnie jeszcze wyżej, osiągając poziom 28 000 USD. Bezprecedensowy wzrost spadł z powrotem do wciąż byczego poziomu powyżej 26 500 USD i eksperci sugerują, że może on ponownie wzrosnąć.

Wielu wskazuje na to, że byk ucieka pod wpływem kilku czynników. Najbardziej zauważalne jest zainteresowanie instytucjonalne, jakie rynek krypto walutowy odnotował w ciągu roku. Podczas runu byka w 2017 roku inwestorzy byli inwestorami indywidualnymi, a inwestycje detaliczne były motorem rajdu. Obecny wzrost zainteresowania został jednak przeniesiony przez nową falę instytucjonalnej adaptacji, w wyniku której firmy takie jak Grayscale i MicroStrategy dodały znaczne ilości Bitcoin Rush i kryptowaluty do swoich aktywów – nie zarządzając nimi.

Sprzedaż Bitcoinów przed rajdem

Prowadząc do rajdu, handlowcy sprzedawali Bitcoin, przenosząc swoje udziały na giełdy kontraktów terminowych. W rezultacie Bitcoin i rynek kryptograficzny stanęły w obliczu krótkiej presji ze strony inwestorów krótkoterminowych sprzedających jako Bitcoin zbliżony do poprzednich rekordowych cen. Oznaczało to, że cena Bitcoin z trudem przełamał bariery oporu zbliżone do jego poprzedniej wszechobecnej ceny nieco poniżej 20 000 USD. Kiedy jednak Bitcoin przekroczył granicę 20.000 USD, żeton poszybował w górę.

Czy Bitcoin może trafić na kolejny rajd?

Według analityka kryptokurrency Michaëla van de Poppe’a, jeśli Bitcoin uderzy w inną falę, cena kryptokurrency może trafić 40 000 USD i więcej. Jeśli Bitcoin może przebić się przez kolejną barierę oporu i kontynuować swoją falę, możemy patrzeć na monumentalny bieg byka w najbliższej przyszłości:

#Bitcoin rozpada się jeszcze bardziej, gdy zbliża się do mojego drugiego punktu procentowego Fibonacciego około 25.800$.

Im wyżej pójdziemy, tym wyższy będzie następny impuls, który nam przyniesie.

Jeśli $25,800 to ten tymczasowy szczyt, następny impuls może przynieść $BTC w kierunku $40,000+.

Bitcoin-pris ser nu $ 20K efter, at XRP chokerede kryptomarkedet

Bitcoin nåede hurtigt $ 19.000, efter at det kastede sig til $ 18.000 efter et XRP-flashnedbrud på Coinbase.

Prisen på Bitcoin Future  overgik $ 19.000 den 24. november for første gang i næsten tre år. Det fulgte et XRP-flashnedbrud på Coinbase, som skælvede kryptomarkedet.

De to hændelser kunne være helt tilfældige. Selvom i betragtning af at BTC-prisen steg næsten umiddelbart efter XRP-faldet, kunne der være en sammenhæng.

Hvordan XRPs prisrally kunne have udløst Bitcoin til nye højder

Som Cointelegraph rapporterede den 24. november, steg prisen på XRP med næsten 80% på 48 timer. Da rallyet fortsatte, fortsatte hypen omkring kryptovalutaen med at intensivere.

Interessen for kryptovalutaen nåede et punkt, hvor den overvældede Coinbase, den største kryptovalutaudveksling i USA.

Joe Weisenthal, co-vært for What’d You Miss on Bloomberg TV, understregede, at Coinbase var på trend på Twitter. Spidsen i interessen omkring Coinbase opstod, da prisen på XRP begyndte at stige. Han sagde:

”Cryptocurrency Ripple er gået absolut berzerk de sidste par dage. Og Coinbase som trending på Twitter lige nu, og hvis du ser, er det alle, der taler om at købe det. ”

Problemet opstod, da XRP flash-styrtede efter at have ramt $ 0,90 på Coinbase. Det fik markedet til at gennemgå ekstrem volatilitet på kort tid. Bitcoin styrtede ned til omkring $ 18.000, mens ETH faldt til $ 585.

Selvom det er vanskeligt at bevise endeligt, antyder markedstendenser, at flash-crash-førte algoritmer forårsager høj volatilitet. Prisen på Bitcoin steg hurtigt fra $ 18.000 til over $ 18.500, hvilket til sidst bragte $ 19.000.

Da Bitcoin faldt til $ 18.000 inden for få minutter, blev der sandsynligvis tappet en forsyningszone. Med andre ord kan det være faldet til et område med betydelig likviditet, hvilket får mange købsordrer til at blive udfyldt.

Hvad sker der nu?

På kort sigt forventer erhvervsdrivende og analytikere, at Bitcoin vil fortsætte sin opadgående tendens, når den nærmer sig sin all-time high.

En pseudonym investor kendt som „Blackbeard“ pegede på manglen på valutatilstrømning på trods af at BTC nåede $ 19.000. Dette indikerer, at salgspresset på den dominerende kryptokurrency stadig er relativt lavt. Han sagde:

“Selvom prisen på BTC er over 19K USD, er der intet usædvanligt antal tilstrømninger, der kan registreres på kryptobørsen. Dette gør mig bullish tbh. ”

Før udbruddet over $ 19.000 forudsagde en anden pseudonym handelsmand kendt som “Salsa Tekila” rallyet. Han sagde, at når altcoins køler af, vil overskuddet sandsynligvis flytte tilbage til BTC. Han sagde:

”BTC har stået stille i et par dage, mens penge strømmer ind i alts. Det er ikke bearish for BTC. Vi konsoliderer et stykke tid under $ 19.000, realistisk set tror jeg, vi sandsynligvis vil bryde det forbandede niveau. Hvornår? Sandsynligvis når altcoins køler af, og folk sælger tilbage til bitcoin. ”

Der er en stærk mulighed for, at tendensen til fortjeneste fra altcoins, der cykler ind i Bitcoin, fortsætter på kort sigt. Hvis dette sker, vil altcoin-markedet sandsynligvis stagnere, mens BTC viser et stærkt momentum.

DeVere CEO predicts Bitcoin to gain 50-100 percent in 2021

And another financial expert predicts a bright future for Bitcoin.

Bitcoin’s ( BTC ) parabolic soaring is only just beginning, says Nigel Green, founder and CEO of Dubai-based financial consultancy deVere Group

In a Newsmax article on Thursday, Green predicts that Bitcoin will also have “a record year” in 2021, in which the price will increase by at least 50 percent or “possibly even double”.

He made the corresponding remarks on the day on which Bitcoin first climbed above the 23,000 US dollar mark . It only went down slightly at $ 23,777.

Given the current price levels, Green anticipates an upswing in the range between 34,500 and 46,000 US dollars for the next year.

However, the financial expert admits that it will not go straight up, but that this development will also have its ups and downs. As a driving force, he sees that the increased interest of institutional investors in the next year will in turn ensure increased interest of mainstream investors, which catapults the price of the cryptocurrency further upwards.

To this end he writes :

„Some of the largest institutions in the world, including global payment groups and Wall Street corporations, are increasingly venturing into the crypto market, bringing with them their vast expertise and capital, which in turn drives interest from small investors.“

Green’s deVere Group has been researching digital currencies for a long time. Last month, had the results of a survey, the consulting firm published stating the that 73 percent of respondents see crypto currencies positive. In the previous year, this already applied to 68 percent of the participants. The “Survey of Millionaires” shows that wealthy investors are increasingly looking at the new asset class.

In fact, the increased interest of institutional investors is the catalyst behind Bitcoin’s current record run, which makes it all the more sustainable compared to the hype of 2017.

Another important factor is that the narrative about Bitcoin as a store of value and a hedge against inflation and economic uncertainty gained significantly in persuasiveness in the crisis year 2020.

This is what Green thinks in his article:

„As the state governments continue to boost their economies because of the pandemic, investors are increasingly turning to Bitcoin as a hedge against the threat of inflation.“

YFI jumps 110% in 3 days

After correcting more than 80%, the bulls have once again taken control of YFI de yearn.finance bringing it up to $16,000.

Few crypto-currencies have given as much talk this year as YFI as their price is soaring. This is the governance token of the DeFi yearn.finance platform, capable of reaching an all-time high of over $43,966 within days of going to market.

The performance in the first month and a half of YFI’s life was truly exceptional; however, quickly after reaching that peak, a major correction began, dropping 83% to what looks like a bottom at $7,451.

Today it appears that that red tide in the market for this token seems to have ended. This is because in the last 3 days its price has jumped 110%. At the time of this writing, YFI is trading at $15,570.

So are we seeing an effective upturn, let us now look at current behaviour, for clues as to what may happen in the near future.

YFI jumps thanks to general ecosystem positivism and return of capital to the DeFi

We don’t know exactly what is causing the big jump in YFI, but with the platform’s good fundamentals, it is very likely that it is just big investments taking advantage of discounted prices to get on the train.

After an 80% correction promoted by whales disposing of their belongings with exorbitant profits, it was an excellent time 2-3 days ago to redo their positions and begin to build up again.

All this return of capital goes hand in hand with the positivism experienced today in the crypto ecosystem, thanks to a Bitcoin that seems not to want to stop until it marks a new historical maximum.

And although the rise of Bitcoin Supreme and its increased dominance may largely hinder the altcoins, it’s also possible that at the current price of Bitcoin the momentum may start to run out in the short term. This generates strong profit taking, which can be transferred to other areas where the excitement is just beginning.

Likewise, the entire DeFi market, to which YFI belongs, is also being driven by good expectations. This is reflected in the TOP profits of the largest in this ecosystem, where 9 out of 10 are green for the current day, and a total blocked value that is heading for a new all-time high.

Technical analysis of YFI as it jumps up

If we look at the daily chart we can see how the rise of the last 2 days has been very large, compared to the last 2 weeks.

Thanks to this incredible jump in YFI, the short term downward trend that had been developing is being challenged. The current behaviour seems quite determined to break it completely.

An upward transition is not yet confirmed. We should expect at least some small correction and new momentum that affirms that the bulls have taken control.

Chart 4H of yearn.finance vs US dollar

In the 4-hour candlestick time frame we do see a well-defined uptrend, thanks to a continuous succession of rising highs and lows, followed by rising cross-country moving averages.

The SMA of 200 4-hour periods is being challenged. This dynamic average alludes to the downward trend that is still in the short term, but is currently being tested. Observing an effective breakout of this moving average is a good sign for the near future.