An under-the-radar small-cap altcoin is turning heads after printing mind-boggling gains in a span of seven days amid skyrocketing interest in non-fungible tokens (NFTs).
Non-Fungible Yearn (NFY) is a new breed of crypto asset that leverages the hallmark features of NFTs and decentralized finance (DeFi).
NFY Finance aims to allow users to stake their crypto assets in various pools to earn NFY while also setting itself apart from traditional DeFi staking platforms.
The project has caught the attention of crypto influencer and analyst Tyler Swope, who covered the coin while it was trading around $31. In a video, Swope explains how the project opens the doors to a wide range of opportunities.
NFY is taking the NFT hype to a whole new level after meteorically rising from $5.95 on February 27th to its all-time high of $604, representing growth of over 10,000% in a span of a week. Its market cap also soared from around $356,000 to over $37 million within the same time period.
At time of writing, the crypto asset is trading at $427.94 according to CoinGecko.