Choosing a cryptocurrency to invest in can be challenging due to the large number of options available in the crypto industry. Experienced investors often conduct extensive research or seek expert advice before investing in any particular token.
While cryptocurrencies such as Dash (DASH) And Shiba Inu (SHIB) are viable investment choices, they have faced setbacks recently. This has led many investors to buy into the crypto-making waves, Yachtify (YCHT).
Yachtify (YCHT) token to boom 4,000x returns in 2023
Yachtify is an upcoming investment platform that envisions a fair and democratic ecosystem for investors in the yacht industry. Acting as a fractional NFT marketplace, the platform will mint each NFT to represent an actual yacht and then allow investors to buy portions of it according to how much they want to invest.
This novel approach to the yacht industry will benefit investors by providing them capital gains each time the yacht is rented out. Additionally, Yachtify plans to introduce a lending protocol where NFTs can serve as collateral for attractive loan rates.
Meanwhile, to avoid sudden sell-offs after the launch, Yachtify will vest tokens on the platform, gradually releasing 20% of the tokens each week for five weeks. The platform’s token presale is currently underway, with each token priced at just $0.10. Investors who purchase tokens before May’s end will receive a 30% bonus. Interestingly, experts predict that Yachtify’s launch could bring returns up to 4,000x the initial investment.
Dash (DASH) downward trend coming to an end?
Dash (DASH), a prominent scalable payment provider in the crypto industry, has achieved a significant position in the market. However, like many other cryptocurrencies, Dash (DAS) is prone to volatility, resulting in significant price fluctuations in a brief period. Unfortunately, Dash (DASH) has experienced a loss of about 45.45% since February 16th, 2023, driving the coin down to $40.88.
The 24-hour trading chart shows a steady decrease in price due to the bearish market control, resulting from negative market sentiment towards Dash (DASH). Presently, Dash’s (DASH) price is at $41.59, representing a 2.12% increase in the last 24 hours and a 14.49% decrease in the past seven days, with a 24-hour trading volume of $36,520,928.
Shiba Inu (SHIB) will not hit all-time high again – experts
Currently, Shiba Inu (SHIB) token is deeply immersed in bearish territory. On May 8th, the SHIB price received initial support at $0.00000839 on the 1-day chart. However, without a trend reversal in the near future, Shiba Inu’s (SHIB) price could plunge toward the $0.00000779 low, which was last seen on December 28th. Meanwhile, such a drop would nullify all of this year’s price gains. Despite the extreme bearish trend, the Shiba Inu (SHIB) memecoin still has one of the strongest communities.
However, two crypto experts and influencers, Tony JRNY, the founder of the JRNY Club NFT project and Mason Versluis, the founder of Gold Squad expressed skepticism recently. According to them, the chances of Shiba Inu (SHIB) reaching its all-time high of $0.00008845 from October 2021 again are minimal. To achieve this peak at the current price level, Shiba Inu’s (SHIB) price would have to surge by over 930%.
Find out more about the Yachtify (YCHT) presale below:
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