The post Flow (FLOW) And Solana (SOL) Holders Begin Stockpiling Yachtify (YCHT) Tokens; Here’s Why! appeared first on Coinpedia Fintech News
A new attraction has hit the crypto scene in the last few days; Yachty is a unique project currently in its presale run that could evolve into a top-tier platform adopted by countless investors! And with prominent tokens such as Flow (FLOW) and Solana (SOL) slowly losing the gains they achieved at the start of 2023, holders are shifting their attention to this crypto newcomer. Today, we will investigate why!
Flow (FLOW) Shares A New MFL Milestone
Flow (FLOW) recently announced that the Metaverse Football League (MFL) had reached $500K in volume. Due to this achievement, Flow (FLOW) partnered up with MFL and brought a new giveaway of a Legendary MFL pack and $200 in Dapper balance.
Nevertheless, the Flow (FLOW) token has not been performing up to par as it trades at $0.8373 with a market cap of $867M, falling by 0.41% in the past 24 hours. Not only that, the Flow (FLOW) trading volume decreased by 20% in that same time, sinking to $15,563,551.
Bearish sentiment can be seen for Flow (FLOW) if we look at its technical analysis, which displays its technical indicators showing strong sell signals. Because of this, investors are growing more wary about this token as experts predict it may fall to $0.80 soon.
Solana (SOL) With An Increase In DEX Volumes
According to a Step Data Insights tweet, the total DEX volume of Solana (SOL) over the past four months has surpassed pre-FTX levels, showing a resurgence in interest in DeFi activities on Solana (SOL).
Solana (SOL) achieved $5.67B in DEX volume in the last four months. Meanwhile, four months before the FTX crash, this Solana (SOL) volume stood at $5.54B. This shows us that Solana (SOL) is beginning to heal.
However, the Solana (SOL) token price does not reflect this movement as it has a current value of $21.48, down 2.09% overnight. With all technical indicators in red, it is evident that bears are in control which has made investors look for other projects with more growth potential.
Yachtify (YCHT): When The Yacht Charter Market Meets NFTs!
Yachtify has the potential to become a dominant force in the yacht charter market by creating the first-of-its-kind yacht investment platform built on the Ethereum blockchain!
Each investment opportunity on this platform will be minted into an NFT backed by a real-world yacht! Afterward, this token will be fractionalized, and then everyday investors can purchase a stake in it for prices as low as $100! And here is the exciting part – the net income is obtained each time the actual yacht is rented, and the revenue is distributed according to the ownership proportion of the NFT holders!
Yachtify early backers will receive discounts on transaction, storage, and maintenance fees, and for a current presale price of only $0.10, these discounts come as a bargain! But do not wait, as this project is currently in Stage One of its presale, and as it picks up steam – the price will rise as well; some experts even forecast a surge to $0.40 by December 2023!
If you are worried about security, know that the Yachtify team will lock liquidity forever and freeze team tokens for three years. These measures, plus an already complete audit by InterFi Network, make Yachtify one of the most secure investment options currently available!
Sign up for the presale and become an early investor in this game-changing project!
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