Still in its early stages, over 24,000 digital assets have launched, making crypto one of the most competitive industries today. The stern competition has made investors always seek projects that have the potential to come out on top.
Stacks (STX) and Toncoin (TON) are two very popular projects and have enjoyed significant successes early on. However, they are currently suffering a major setback causing many investors to abandon ships and are moving into the more promising Yachtify (YCHT).
Yachtify (YCHT) is revolutionizing yacht investment
Yachtify is a new Web 3 investment platform on a mission to solve the long-standing barrier of the high cost preventing retail investors from entering the luxury boat industry. The platform wants to introduce a secure, accessible, and efficient investment platform for everyone. Yactify will allow anyone with as little as $100 capital to get fractional ownership of a yacht, speed boat, or jet ski.
This will be possible using fractionalized NFT-based shares in luxury boats. The NFTs will be minted and backed by the actual ships. Maritime has been a recession-proof industry, even growing through the COVID pandemic. Its fractional ownership model will allow individuals with varying income levels to invest in this thriving market and gain the benefits of boat ownership without the expenses and stress involved.
This innovative approach is set to transform the industry, making yacht investment and ownership more inclusive. Yachtify (YCHT) is currently in presale, experts have predicted that Yachtify’s launch could yield returns of up to 100x.
The Stacks (STX) hot start cools considerably
While the year started great for the crypto market, most digital assets would have envied the gains of Stacks (STX). However, since mid-April, things have only gone sideways for Stacks (STX). Over the last 24 hours, the price of Stacks (STX) has tumbled by 22% – the third worst loss in that period.
The bull run for Stacks (STX) appears to have been cut short by a steep correction and the coin is now traded at $0.6465, after trading over $1.12 in March. The correction seems to only continue as the price of Stacks (STX) has dropped by a whopping 9% in the last 24 hours. As it breaks through support levels, Stacks (STX) are losing investors who fear the drop could only get worse.
Recent developments fail to keep Toncoin (TON) bullish
Toncoin (TON) is a scalable and fast crypto project initially designed by Telegram. The links with Telegram along with the social media platform served as a recipe for early success for Toncoin (TON). However, things are changing, and not positively for Toncoin (TON). Toncoin (TON) started the year bullish, outperforming most of the crypto market. However, since then things have only gone south.
Toncoin (TON) is one of the very few digital assets to have lost a portion of its value year-to-date. In what has been a bullish year for the crypto market, the price of Toncoin (TON) is down by more than 15% and it now trades at $1.97. Onchain data shows that Toncoin (TON) lacks the momentum to swing its price towards the bullish side unless there is a major external factor like a new development within the project.
For out more about the Yachtify (YCHT) presale below:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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