Arbitrum (ARB) and NEAR Protocol (NEAR) Enter Red Zone as Investors Turn To Yachtify (YCHT)


Centralized banks have begun to collapse, and there is a high level of uncertainty surrounding the stability of FIAT currencies. This has prompted investors as well as traders to look elsewhere for alternatives.

The Web3 space is home to thousands of blockchain-based projects to pick from. Traditionally, investors would tend to go towards well-established projects. Recently, however, Arbitrum (ARB) and NEAR Protocol (NEAR) have entered the red zone, and this has inspired investors to look at presale-stage projects. One of the most notable presale-stage projects to gain a lot of momentum is Yachtify, and today, we will go over why this is the case.

Yachtify (YCHT) Offers Private Yacht Ownership Through Fractional NFTs

The Yachtify platform is being developed to offer fractional, private yacht and boat ownership as a model that can provide investors with a unique opportunity to be a part of the industry with numerous streams of income.

The platform has also been audited by SolidProof Network.

The native token, YCHT, is used to enable investors the opportunity to purchase fractionalized non-fungible tokens (NFTs) that represent a physical yacht.

The yachts are insured and stored in high-security ports on a global scale.

An investor has the opportunity to input a specific percentage into an NFT. The yacht or boat can then be rented out, after which the investor can get passive income. Their cut is dependent on the percentage of ownership they have. If an investor has 50% ownership, they will take 50% of the profits made, aside from a Yachtify fee.

The YCHT token is at stage one of its presale, where it is offered at $0.10. Analysts predict that it can increase in value by 4,000% within the span of the next few months.


Arbitrum (ARB) Worries Investors With Decrease of 9.4%

Arbitrum (ARB) has made notable progress throughout the past few months, with the ArbitrumDAO reaching a consensus against AIP-1 and the overall announcements surrounding the planned projects that will be implemented within the Arbitrum (ARB) ecosystem.

Some of the key projects mentioned by Arbitrum (ARB) include Angie Protocol, gains Network, Tableland, and Homecoming.

However, despite the massive growth of the Arbitrum (ARB) ecosystem, its value has been in decline. On May 4, 2023, Arbitrum (ARB) traded at $1.35. In the last two weeks, the cryptocurrency declined in value by 9.4%, and in the last week, it saw a decrease of 2.5%.

NEAR Protocol (NEAR) Enters The Red Zone Through a 13.5% Dip in Value

The NEAR Protocol (NEAR) cryptocurrency is one of the most well-known altcoins within the Web3 space. The team recently announced a Twitter Space with Laura Cunningham, the General Manager of the Near Foundation, that will take place on May 5, 2023.

Moreover, NEAR Protocol (NEAR)’s Near Foundation partnered up with PipeFlare to reshape Web3 gaming on Aurora, an EVM on top of the network.

As for the value of the NEAR Protocol (NEAR) cryptocurrency, as of May 4, 2023, it traded at $1.86. Within the last two weeks, NEAR Protocol (NEAR) decreased in value by 13.5%. In the last month as a whole, NEAR Protocol (NEAR) has seen a decrease in its value by 4.6%.

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