Yachtify (YCHT) to outperform Bitcoin (BTC) and Dogecoin (DOGE)
Sudden drops in the value of Bitcoin are frequent due to the turbulence in the cryptocurrency market. The cryptocurrency market has seen significant collapses on a cyclical basis, with the most recent resulting in losses for several currencies, including Bitcoin (BTC) and Dogecoin (DOGE). Numerous indicators thus show that certain cryptocurrency projects, such as Yachtify, will produce better results.
Yachtify (YCHT) first of its kind
On Yachtify, a first-of-its-kind marketplace, users will be able to buy, sell, rent or own timeshares in a variety of personal watercraft, from Sunseekers to Jet Ski Yachts. Each investment results in the creation of an NFT, which can be purchased and used to claim ownership of the tangible asset.
In addition, Yachtify will allow international nautical schools to charter yachts. This will provide steady, ongoing income. Anyone who purchases the YCHT token will have access to the ecosystem’s NFT marketplace and lending platform in addition to enjoying VIP benefits.
Only 58,000,000 of the total 100,000,000 tokens are available for pre-sale, allowing early investors to lock in their investment. In addition, individuals who invest in the pre-sale will receive a 30% incentive. Don’t miss this amazing chance. You can buy a token at the current presale price of $0.1.
>>>> BUY YACHTIFY TOKENS <<
Bitcoin (BTC) takes a hit
The price of Bitcoin (BTC) failed to break beyond the $30,000 barrier. At $29,750, Bitcoin (BTC) faced a major rejection and started another move. The values of $29,200 and $29,000 have decreased.
It was trading near the $28,000 support. A bottom has formed at $28,100 and the price of Bitcoin (BTC) is now consolidating its losses. Bitcoin (BTC) is trading below both the 100-hour Simple Moving Average and $28,800 currently. A major negative trend line with resistance at $28,650 is also forming on the hourly chart of the BTC/USD pair.
Near $28,600 is a Bitcoin (BTC) resistance level. It is not far from where the latest decline, which occurred from the swing high of $29,128 to the low of $28,100, recovers 50% of its previous rise.
The price of Bitcoin (BTC) could head towards the $29,000 resistance zone or the 100-hour Simple Moving Average if it breaks through the trendline zone or the 61.8% Fib retracement level of the recent slide from the $29,128 swing high to the $28,100 low. .
Bitcoin (BTC) price may fall further if it fails to overcome the $28,650 barrier. Near the $28,000 mark and the recent low, there is immediate support on the downside.
Dogecoin (DOGE) fails to live up to the hype
Two years ago, one of Barron’s articles said, “With a market cap of $78 billion, Dogecoin (DOGE) needs to be taken a little more seriously.”
At the time, the capricious fake coin was able to ride the wave of excitement thanks to a passionate online community and support from notable figures like Tesla CEO Elon Musk. But when we stop and think about it, it’s clear that the phrase hasn’t gotten that old, much like the house of cards built on the hype surrounding the meme-based digital currency.
ETF Store CEO Nate Geraci tweeted about the story, writing, “Might be my favorite headline of all time.”
Dogecoin’s (DOGE) value skyrocketed in early 2021, rising from less than a penny at the start of the year to over 69 cents by May. The digital currency attracted the attention of retail investors.
Today, Dogecoin (DOGE) is down 89% from its all-time high, serving as a sobering reminder of the volatile nature of the cryptocurrency industry.
The Dogecoin (DOGE) collapse serves as a warning about the risks of pursuing speculative investments based solely on excitement, even though the Dogecoin (DOGE) online community is still active.
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