With thousands of digital assets, being properly informed can help you choose a coin that has the potential to generate significant returns. Although cryptocurrencies such as Stacks (STX) and 1inch Network (1INCH) are good investment options and could see future price hikes, they have recently experienced a series of setbacks in terms of their value.
As a result, investors are flocking to Yachtify’s token, YCHT, which analysts predict will skyrocket up to 40x its current value once it is launched. Consequently, cryptocurrency whales have been accumulating large amounts of the token while its presale price is still only $0.10 per token.
Yachtify (YCHT): Analysts Predict 500x Returns
Yachtify aims to create an ecosystem that promotes fairness for anyone interested in investing in the yacht industry. The platform will act as a marketplace for fractional NFTs, with each NFT representing a real yacht.
Meanwhile, Yachtify’s unique approach will open the yacht industry to investors of all income levels. Notably, investors will receive capital gains each time the boat or yacht is rented out.
In addition to the marketplace, Yachtify plans to introduce a lending protocol where token holders can secure loans at attractive rates using their NFTs as collateral.
To prevent sudden sell-offs after launch, Yachtify will vest tokens on the platform. Investors will receive 20% of their tokens every week for five weeks. Yachtify’s first token presale is currently ongoing, with tokens priced at just $0.10 each.
Early investors who purchase before the end of May will receive a 30% bonus. Moreover, analysts predict that Yachtify’s launch will bring 500x in returns.
Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
The Struggle Continues for 1Inch Network (1INCH)
The 1Inch Network (1INCH) is a decentralized finance platform that aggregates liquidity from multiple decentralized marketplaces to offer users the best available rates.
Recently, in April, 1inch Network integrated zkSyncEra to expand its list of supported layer-2 solutions, providing users with additional swapping opportunities and more liquidity sources. Unfortunately, the platform’s native token, 1INCH, has failed to ride on this development.
By press time, the price of 1inch Network (1INCH) stands at $0.413973. This signifies a decline of 1.94% in the last 24 hours and 9.22% in the past 7 days. Also, 1inch Network (1INCH) is 95.22% from its all-time high price of $8.65 reached on Oct 27, 2021.
Stacks (STX) Drops 10%
Lately, Bitcoin and the overall crypto markets have been trading in the red. Stacks (STX) along with the Lightning Network, is currently considered the most promising layer-2 technology for Bitcoin. The platform is benefiting from Bitcoin’s network congestion dilemma given the high trading volume on the Stacks (STX) network.
In the first few days of May, Stacks (STX) broke a downtrend that had persisted since March 20th. Stacks (STX) has not managed to surpass this mark since April 19th.
Presently, the price of Stacks (STX) is $0.700010, a decline of 9.98% in the last 24 hours and a 2.13% increase in the past 7 days.
Meanwhile, newly launched altcoins such as Yachtify (YCHT) are seeking to take advantage of the recent difficulties faced by Stacks (STX) and 1inch Network (1INCH) to gain a portion of their market share.
