The post dYdX (DYDX) and BitDAO (BIT) Impending Token Unlock Shifts Investors’ Attention Yachtify’s (YCHT) Presale appeared first on Coinpedia Fintech News
Amidst dYdX’s (DYDX) and BitDAO’s (BIT) impending token unlocks, investors are wary of their effect on the prices of the tokens. Consequently, Yachtify, a presale token, has captured investors’ attention—which they are already investing in—as they wait for the future price movement of dYdX (DYDX) and BitDAO (BIT).
Yachtify (YCHT): Leveraging Blockchain Technology for Yacht-Investment
Yachtify is making the dream of investment in yachts, which has been largely elusive to most, possible, with its unique protocol. Yachtify is an investment platform where investors can invest in bits or portions of real-life assets, such as yachts, by leveraging blockchain technology and NFT. By investing, investors will receive a portion of yacht charters and also proceeds generated through fees on the platform.
Yachtify’s native token, which will draw its value from the investment platform, will be provided with utilities, including the purchase of NFTs representing yacht fractions, among other payments on the platform.
The presale presently costs just $0.10, including a 30% bonus. In addition, the team has locked their own token for three years, including completely locking liquidity for a lifetime, as well as a completed audit by SolidProof.
BitDAO (BIT): Future Token Unlock to Have a Price Impact
A slated BitDAO (BIT) token unlock for May 15th, about 90 million tokens, is expected to result in a price swing in either direction. Nevertheless, if events that happened after previous token unlocks are used as a metric, the price of BitDAO (BIT) is expected to drop.
While speculation about a future drop in the price of BitDAO (BIT) is being made, the coin is currently in an uptrend. At the time of writing, BitDAO (BIT) is currently trading at $0.5, recording a 4.9% increase in the past 24 hours. The cause of the current surge in BitDAO (BIT) price is yet to be determined, which might or might not be a bull trap.
Irrespective of the current surge in price or the future impact of the token unlock on BitDAO (BIT), the coin nonetheless doesn’t promise a similar growth rate as Yachtify. As a new token, its growth potential is exponential, making it a favourite among investors.
dYdX (DYDX): Impact of Future Token Unlock Already Felt
dYdX (DYDX) also has a token unlock planned for May 9th, with approximately 16.5 million tokens to be unlocked. As stated earlier, token unlocks often cause a downward shift in the price of cryptocurrencies, and dYdX (DYDX) might not be an exception.
With four days left to the unlock, dYdX (DYDX) is currently trading at $2.54 after recording a 7% decrease in the past 7 days and a meager 0.8% increase in price in the past 24 hours. Based on dYdX’s (DYDX) current price action, the effect of the impending token unlocks might have started, making investors cautious.
Consequently, investors are currently putting their money into the Yachtify presale until the storm around dYdX (DYDX) clears
To learn more, check out this exciting and bullish project:
Join Presale: https://buy.yachtify.market
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