Cosmos (ATOM) and Bitcoin (BTC) consolidate as Yachtify (YCHT) builds momentum

The first quarter of 2023 was a great one for the crypto industry, erasing some of the crypto losses from the previous year, potentially setting up digital assets for a major bull market.

Investors are returning to crypto, but Cosmos (ATOM) and Bitcoin (BTC), two of the most prominent names in the crypto ecosystem, are now fighting for investors with newer projects as they no longer offer as much explosive upside potential.

One project that has caught the attention of investors is Yachtify, a marketplace that allows investors to earn a revenue share from the trading fees generated on the platform. Let’s see how these projects compare to each other.

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Kosmos (ATOM) struggles despite network expansion

Cosmos (ATOM), the ecosystem of blockchains, has been a top-performing digital resource for a long time. However, in recent times Cosmos (ATOM) has struggled to make and retain gains even in a bullish market.

Today, Cosmos (ATOM) announced that users will be able to use liquid staking tokens (ETH, BNB, SOL and MATIC) from other networks to increase the security of the chain. However, there has been no positive price reaction from Cosmos (ATOM).

At the time of writing, the price of Cosmos (ATOM) has fallen by 2% in the last 24 hours and more than 5% in the last week. Lacking momentum, Cosmos (ATOM) may need a push from the broader crypto market to move higher.

Bitcoin (BTC) struggles to hold above $28k

Bitcoin (BTC) sold off in early May, losing 5% as the price fell as low as $27,930. However, the price of Bitcoin (BTC) quickly bounced back with a 4% rally that pushed back as high as $28,880

According to data from CoinMarketCap, Bitcoin (BTC) is trading at $28,300 at the time of writing, but is barely above the crucial $28k support level. With the Fed announcement on interest rates coming, Bitcoin (BTC) will need strong pressure to stay above.

However, some lawmakers led by Democrats have advised the Fed to halt interest rate hikes, and market analysts expect a 0.25 bp increase. Anything lower than that could mean positive news for Bitcoin (BTC), but that is yet to be seen.

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Get a new investment opportunity with Yachtify (YCHT)

Ownership of yachts and luxury ships has been reserved for only a few wealthy individuals. Not anymore, Yachtify has created the first fractional yacht investment platform in the world where anyone can own a part of a yacht, jet ski or speedboat.

The fractional NFT’s ownership model significantly reduces the barriers to establishment. More importantly, the NFTs that will be sold on the marketplace will be fully collateralized by the physical yachts.

This means that the value of the NFT will move in step with the value of the yacht, jet ski or speedboat. And when the physical assets are leased or rented out, the investors will get a share of the rental fees calculated by their NFTs.

Understanding the importance of decentralization and interoperability as the future, the NFTs minted on Yachtify can be traded on any third-party marketplace.

Yachtify is not only creating the world’s first platform, but will also allow investors to earn a revenue share of the platform fees as long as they hold tokens. You can buy into this great investment for just $0.10 as it is in the first phase of the pre-sale.

Find out more about the Yachtify (YCHT) pre-sale:

Website: https://yachtify.market
Advance sales: https://buy.yachtify.market/login.
Twitter: https://twitter.com/yachtify_market
Telegram:

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