Crypto strategist and trader Josh Rager says that one decentralized finance (DeFi) asset that has already meteorically risen this year may be gearing up to ignite a new rally.
In a new tweet, Rager tells his crew of 91,000 that YF Link (YFL) is tremendously undervalued. At its current price of around $584, he says YFL has an upside potential of over 71% as the project’s fundamentals show signs of growth.
“Why YFL is still under $1000 is far beyond me – as it’s about to have some major total-value-locked on their platform. This team knows what they’re doing.”
YFL, which is a fork of the yearn.finance project that brings yield to the LINK community, surged from a low of $11.91 in mid-August to $1,879 in early September according to CoinGecko – representing an increase of 15,676% in a few weeks.
The trader is also ultra-bullish on Bitcoin (BTC). As long as BTC