Following the crypto collapse of 2022, numerous investors became hesitant about investing in the crypto market. However, experienced investors know the bearish season is the best time to invest in crypto before the bullish season starts.
As several projects are launching in the industry, crypto enthusiasts and investors have to ensure they buy tokens with numerous use cases. One such token is Yachtify’s YCHT, which is gaining traction over Filecoin (FIL) And Lido DAO (LDO).
Yachtify (YCHT) – buy and sell yachts with ease
Yachtify (YCHT) is a new investment platform created to democratize access to the yacht sector and passive income generation by offering fractional yacht ownership. Investors who buy the platform’s in-house token, $YCHT, will be able to buy fractionalized shares in luxury boats and yachts. As long as these investors hold onto their tokens, they will receive a portion of the rental income generated each month.
Yachtify has already commenced the first phase of its token presale, which is scheduled to end this month. Yachtify plans to offer investors a steady stream of income by leasing their yachts to entrepreneurs, business moguls, and maritime schools. Additionally, the private yacht leasing market is highly profitable, valued at billions of dollars.
Yachtify’s presale token is priced at $0.10 each, and early adopters can secure their share. Those who invest during the first phase will benefit from a 30% bonus. After the launch, the token’s value could shoot to $0.15.
Lido DAO (LDO) price analysis
Despite experiencing a downtrend in price since the beginning of May, Lido DAO (LDO) has been observing a huge surge in daily transaction volume. The daily transactions for Lido Dao (LDO) exceeded $30 million in four of the last nine trading days. The last time Lido DAO (LDO) recorded transactions surpassing $80 million was on April 21st, just before the price reached its previous local high of $2.63.
This spike in daily transaction volume indicates that whales may be making significant bets across the network. However, Lido DAO (LDO) bulls will have to overcome the initial bearish resistance of 364 investors who purchased 12.7 million tokens at an average price of $1.97. Once the Lido DAO (LDO) price rises above $1.97, holders can expect further gains until it reaches the next significant resistance level at $2.08.
Filecoin’s (FIL) FWS launch fails to drive massive adoption
Filecoin (FIL) recently announced the creation of Filecoin Web Services (FWS) as an open-source alternative to AWS and Azure, utilizing the potential of its technology to support its ecosystem’s growth. Despite this news, the price of Filecoin (FIL) has not improved.
Currently, the price of Filecoin (FIL) is $4.49, with a 24-hour trading volume of $103,954,162. Unfortunately, this represents a 1.73% price decline in the last 24 hours and a 15.01% price decline in the past week. Moreover, technical analysis indicates bearish tendencies for Filecoin (FIL). If bears continue to dominate, Filecoin (FIL) may experience further drops.
Find out more about the Yachtify (YCHT) presale below:
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