The crypto market is known for its dynamic nature, where coins and tokens witness regular ups and downs. Recently, Yachtify’s (YCHT) presale has been on the rise, attracting investors from all corners of the crypto ecosystem. However, the case has been different for Avalanche (AVAX) And dYdX (DYDX) which have lost price gains to the bearish market.
Yachtify (YCHT) to unveil a platform for buying and selling of yachts
Yachtify wants to democratize passive income generation via fractional yacht ownership. Investors who buy the platform’s in-house token, $YCHT, will be able to buy fractionalized shares in yachts and luxury boats. These investors will receive a portion of the rental income generated, provided they hold onto their tokens.
To support its expansion and marketplace development, Yachtify has initiated the first phase of its token presale which will end by the end of this month. By leasing yachts to maritime individuals and organizations, Yachtify plans to offer a steady income stream to its investors.
The private yacht leasing market is highly lucrative, valued at billions of dollars, and Yachtify’s presale is providing 58,000,000 tokens priced at $0.10 each. Early adopters can secure their share, with those investing during the first phase benefiting from a 30% bonus. After launch, the token’s value may soar to $1.5.
dYdX (DYDX) Loses Recent Price Gains
Recently, dYdX (DYDX), a decentralized derivatives platform, announced that it would launch its cross-chain trading infrastructure today, May 10th, allowing users to trade across multiple blockchains. Users will be able to trade with dYdX (DYDX) tokens on Cosmos and Ethereum. However, dYdX’s (DYDX) native token, one of the most popular DeFi projects, has been in a bearish state lately, trading below its April opening price of $2.51.
Although the token had a recent price breakout above the $2.60 level, it has seen a 13.48% price decline in the past week. As of today, dYdX (DYDX) is trading at $2.12, with a 24-hour trading volume of $58,765,400, representing a 0.88% price increase in the last 24 hours. There has been a recent fall in market activity, with the trading volume of dYdX (DYDX) at $59,144,768 in the last 24 hours, a 37.10% decrease from one day ago.
Avalanche (AVAX) Price Analysis
Alibaba Cloud, the digital technology and intelligence division of the Alibaba Group, has partnered with Avalanche (AVAX) to create a Cloudverse Launchpad. The primary objective of this collaboration is to assist users in launching and managing their Metaverse spaces on the Avalanche (AVAX) blockchain. However, this news has had little impact on the blockchain’s native token.
Avalanche (AVAX) is currently trading in the $15 price range, with ongoing price volatility. Since the bears took control of its price action on April 19th, forcing it down to $18.99, Avalanche’s (AVAX) volatility has kept it between $17 and $15 as the bulls attempt to regain control. At the time of writing, Avalanche (AVAX) is priced at $15.28, a 1.14% price decline in the last 24 hours and a 9.38% price decline in the past week.
For out more about the Yachtify (YCHT) presale below:
Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
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