Yachtify, a relatively new crypto in the presale stage, has been gaining attention in the investment world due to its use cases and huge growth potential.
As investors move away from established cryptocurrencies like Rocket Pool (RPL) and Avalanche (AVAX), Yachtify is emerging as a promising alternative for those looking to enter the yacht industry.
Avalanche’s (AVAX) Price Continues To Plunge
The long-term support level for Avalanche (AVAX) has created a bullish pattern, indicating the potential for an upward movement in the future.
While the daily time frame shows a sharp rejection, the short-term trend suggests that Avalanche (AVAX) price could initiate a bullish movement soon.
On April 18th, the Avalanche (AVAX) price was rejected at the $21.50 horizontal resistance area for the 4th time, causing a sharp decline that brought the price to a long-term ascending support line. Although repeated attempts can weaken an area, the Avalanche (AVAX) token failed to move above the resistance area on its fourth try.
Currently, the Avalanche (AVAX) price is at $16.50, a 0.96% price decline in the last 24 hours. Avalanche (AVAX) token’s price has dropped by about -6.57% over the past 7 days.
Rocket Pool (RPL) Fails to Sustain Price Boost
Following a new 2023 peak of $61 on April 17th, Rocket Pool (RPL) recorded a significant 20% price decline at the end of April. Meanwhile, on-chain data analysis suggests that bearish actions from investors may have contributed to the price drop of the Rocket Pool (RPL) token.
Also, data shows that investors turned away from Rocket Pool (RPL) approximately one week after the Shapella Upgrade, resulting in an 86% decline in network growth between April 17th and May 2nd.
Furthermore, the recent decrease in Daily Active Users (DAU) on the network suggests a bearish outlook. The chart depicts a decline in DAU from 799 on April 18th to 195 addresses on May 1st.
While it is unlikely, if the bulls can surpass the $50 resistance level, Rocket Pool (RPL) holders can anticipate a rally toward the $60 zone once again. Rocket Pool (RPL) now trades at $51.04 with a 24-hour trading volume of $13,691,431.
Yachtify (YCHT): Invest In The $100+ Billion luxury yacht market
Yachtify wants to create an opportunity for the Web3 community to invest in the expanding $100+ Billion luxury yacht industry through a fractional private yacht ownership model. Investors will be able to access a recession-proof industry no matter their investment capital while also enjoying the exclusive world of yachting.
Using its native token, $YCHT, Yachtify offers investors the opportunity to purchase fractional NFTs that represent physical yachts. These yachts are insured and stored in highly secure ports worldwide, with a minimum of 25% of private yachts available for fractional sale by existing owners.
In addition, members can trade yacht hour smart NFTs, which decrease as the hours are used. Each NFT corresponds to an actual yacht and can be fractionalized to allow the community to purchase a stake for as little as $100.
These private yachts can be leased or sold to high-net-worth individuals and charter businesses, providing investors with opportunities to earn income or capital growth. Furthermore, these investments are asset-backed, which makes them safe and secure.
While there are other established cryptos out there, $YCHT is worth trying. Currently, in the first phase of its token presale, $YCHT is sold at $0.10 per token. This price could shoot up to $0.15 after the project is launched.
Find out more about the Yachtify (YCHT) presale:
Website: https://yachtify.market
Presale: https://buy.yachtify.market/login
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify
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