![]() On the flip side, a fading interest in the new meme coin may push the price of Yearn.finance to $7,484- $6,172 lows. For this reason, we estimate that the bullish scenario will see Yearn.finance price at $13,227 to $16,937. Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Yearn.finance 2023 price predictions due to multiple unknown factors. ![]() For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy - on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets. Federal Reserve’s efforts to curb inflation. ![]() At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.Īccording to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.Īnother market factor that should be taken into consideration is how successful will be the U.S. The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount.
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