The post Yachtify (YCHT) To Soar 4,000x As Bears Take Over In Stacks (STX) And EOS (EOS) appeared first on Coinpedia Fintech News
Yachtify wants to launch a platform that will revolutionize the yacht industry. The platform’s token presale launch is already ongoing with analysts predicting a staggering 4,000x increase in returns for investors as bearish sentiment takes hold of Stacks (STX) and EOS (EOS) markets.
With its innovative approach to combining cryptocurrency and yachting, Yachtify is capturing the attention of investors seeking lucrative opportunities amidst the downturn Stacks (STX) And EOS (EOS).
Stacks (STX) Gearing Up for an Uptrend?
Since the beginning of 2023, Stacks’ (STX) price has surged. In January, it broke through a long-standing resistance line, indicating an end to a previous correction. In 63 days, the price surged by almost 400%, reaching a new yearly high of $1.31 in March.
However, the Stacks (STX) price has since dropped, confirming the resistance area around $1.15 and now trades between $0.50 and $1.15.
Analyzing the daily timeframe, the technical analysis suggests that Stacks (STX) short-term correction may be coming to an end. The token appears to have completed wave four of a five-wave upward movement that began last November, finishing at the 0.618 Fib retracement support level.
Currently, the Stacks (STX) price is $0.789407, a 1.79% price decline in the last 24 hours and a 7.45% hike in the past 7 days.
EOS (EOS) Records Little Gains Despite Bearish Week
VC firm, DWF Labs recently made a $60M investment in EOS (EOS), consisting of a $45 million token purchase agreement and a $15 million pledge for EOS-driven initiatives to foster growth and adoption. Unfortunately, this news has not affected the ecosystem’s native token, EOS (EOS), tremendously.
With bullish momentum overtaking the market and heightened bearish sentiment, EOS (EOS) price has displayed an optimistic trajectory, confirmed by its technical indicators and moving averages turning green.
According to CoinGecko, the EOS (EOS) price stands at $1.02, with a 24-hour trading volume of $91,097,053. This represents a 0.22% price rise in the last 24 hours and a 0.46% decline over the past week.
Yachtify (YCHT) To Introduce Fractionalized NFT Investment In Yachts And Boats
Traditionally, owning a yacht has been a luxury reserved for the affluent. Yachtify aims to revolutionize the yacht ownership experience by introducing the world’s first fractional yacht investment platform, enabling the community to buy, sell, and rent real-world yachts.
Each investment will result in the creation of an NFT, which will be fractionalized to allow users to invest. The team has undergone a KYC process and the founder has been verified through an identity check. SolidProof has audited the platform, and liquidity will be locked for life.
Moreover, fractional ownership lowers the barriers to entry, allowing more people to participate. On Yachtify, users can buy, sell, and rent various types of boats using blockchain technology. Investors will earn a share of the revenue generated on the platform.
Presently, the token is in its initial presale phase, with a price of only $0.1 per token. Additionally, there is a 30% bonus for early investors who purchase now before the price hike at the end of the month.
Yachtify shows promising growth potential and could potentially become a blue-chip cryptocurrency. It’s worth giving it a try now.
Find out more about the Yachtify (YCHT) presale:
- Website: https://yachtify.market
- Presale: https://buy.yachtify.market/login
- Twitter: https://twitter.com/yachtify_market
- Telegram: https://t.me/yachtify
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