The ongoing bearish momentum has cryptocurrencies below their immediate resistance levels. As a result, the value of some popular coins like Ethereum (ETH) and Shiba Inu (SHIB) has substantially dropped. Due to these declines, experts have predicted that these cryptocurrencies, Ethereum (ETH) and Shiba Inu (SHIB) included, are susceptible to being supplanted by other cryptocurrencies, particularly upcoming ones like Yachtify.
Yachtify’s (YCHT) Presale: A Fantastic New Investment Option
Yachtify will be the first cryptocurrency trading site that lets people earn money and buy boat halves. Yachtify’s innovative approach to cryptocurrency investment, which combines blockchain technology and the luxury yacht industry, has garnered a lot of interest from investors and cryptocurrency enthusiasts.
Yachtify allows users to rent, sell, and buy different kinds of boats on the blockchain. A share of the platform’s revenue will go to the users. Yachtify’s token (YCHT) presale is currently ongoing at the price of $0.1.
By harnessing the global market for luxury boats, Yachtify seeks to provide investors with a safe and profitable investment alternative that stands out in the congested cryptocurrency industry. Given that the presale has begun, investors should carefully evaluate the potential of Yachtify as a novel form of Bitcoin investment.
Ethereum (ETH) On Sell Pressure as Whales Are Panic Selling
Ethereum (ETH) whales are exhibiting signs of worry as a result of Vitalik Buterin and the Ethereum Foundation selling significant amounts of their holdings. Two significant Ethereum (ETH) whales have recently dumped a combined total of 19,090 Ethereum (ETH), valued at about $35.7 million, on Uniswap, after the Ethereum Foundation’s recent dump of 15,000 Ethereum (ETH) ($29.7 million) to Kraken. These enormous sales have startled the Ethereum (ETH) community and are alarming investors.
Panic broke out when the first whale, identified as 0x6071, exchanged 9,950 Ethereum (ETH) for 18.63 million DAI at $1,873 per Ethereum (ETH). A second whale, 0x7641, swiftly imitated him by exchanging 9,140 Ethereum (ETH) for 17,07 million DAI at $1,867 per Ethereum (ETH). These massive transactions have alarmed Ethereum (ETH) owners and increased selling outside of the whale group due to concerns among them.
The growing selling pressure had a substantial effect on the price of Ethereum (ETH), which dropped from $1,900 to $1,850 in a couple of hours after a surge in selling activity. Due to Ethereum (ETH)’s present stabilization at the 50-day moving average, investors are speculating.
The panic among Ethereum (ETH) whales has brought to light how susceptible the market is to the decisions of powerful people and institutions.
$14 Trillion At Risk as Shiba Inu (SHIB) Dips
Shiba Inu (SHIB) declined alongside the market on May 8 as investors took into account concerns both within and outside the industry. SHIB had intraday lows of $0.0000087 and, as of the time of writing, has lost 4.32% over the previous 24 hours to reach $0.000009.
Shiba Inu (SHIB) are seeing high demand, according to statistics from IntoTheBlock. Shiba Inu (SHIB) faced the next significant support at $0.000008 when 30,780 addresses bought 14.43 trillion Shiba Inu (SHIB), following a brief dip below the $0.000009 level on May 8.
This might imply that 30,780 Shiba Inu (SHIB) addresses are at risk of losing their investments in excess of 14 trillion Shiba Inu (SHIB) if the price falls below $0.000008. However, bulls seem to be trying to recapture the biggest support cluster, the $0.000008 to $0.00009 level.
Shiba Inu (SHIB) owners purchased more items in this category, with 31,760 Shiba Inu (SHIB) addresses doing so at the maximum price of $0.000009, according to data from IntoTheBlock.
At $0.0000106, Shiba Inu (SHIB) is now trading below both its daily MA 50 and 200 moving averages, which serve as a significant upward movement barrier.
To learn more about Yachtify, visit;
Join Presale: https://buy.yachtify.market
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