Bitcoin (BTC) and Frax Shares (FXS) Cool Off, But Yachtify (YCHT) Keeps Gaining Momentum

Bitcoin (BTC) and Frax Shares (FXS) Cool Off, But Yachtify (YCHT) Keeps Gaining Momentum

The cryptocurrency market has come against major resistance, putting an end to the hot start Bitcoin (BTC) and Frax Shares (FXS) enjoyed to start the year. As the price of Bitcoin (BTC) and Frax Shares (FXS) cools, whales are on the scout for digital assets with significant price action.

Unaffected by the crypto market sentiment, the Yachtify (YCHT) presale has been building major momentum, attracting whales and other investors. In this article, we will discuss the reasons why Yachtify (YCHT) has been able to defy the crypto market sentiment that has held other cryptos down.


Yachtify (YCHT) Attracts Investors With Amazing Opportunity

Yachtify is attracting a lot of investors because it is building a platform that will transform the traditional yacht investment system with a novel solution for the rapidly expanding yacht charter market. 

Through Yachtify, investors will be able to purchase, own, sell, and trade fractionalized NFTs that represent luxury yachts with as little as $100. These NFTs will be backed by the actual yacht, skis, and speedboats. 

Yachtify plans to ensure the safety of real-world yachts by storing them in secure ports across the globe. To further assure user safety, the platform’s team has successfully passed SolidProof audits.

These yachts will be rented, leased, or sold to high-net-worth individuals and corporations, and the fees generated will be shared among holders of the NFTs based on the fraction of the NFT they hold. In addition, holders of the NFTs will also be able to trade yacht hour smart NFTs that will decrease as the hours are used.

Yachtify is building a one-of-a-kind investment platform, hence, the reason for the buzz. The native token to power the entire ecosystem, Yachtify (YCHT) is currently in presale, and you can buy a token for as low as $0.1. Market analysts predict that the token could rally by up to 100x in the first year of its launch. 


Ordinals Spike Fail to Save Bitcoin (BTC) from Downtrend

Just as there has been a buzz around Yachtify, ordinals have been the buzzword for Bitcoin (BTC). Ordinals, created as BRC-20 standard have brought non-fungible tokens (NFTs) to Bitcoin (BTC) much to the delight of investors.

There has been a spike in the activity on the Bitcoin (BTC) network, sending transaction fees as high as $19.2 for the first time in more than two years. However, the activity has failed to turn into gains for Bitcoin (BTC).

Over the last three days, the price of Bitcoin (BTC) has tumbled by almost 8%, falling from over $29,630 to as low as $27,300. At the time of this writing, Bitcoin (BTC) trades at $27,780 but sentiments remain bearish.

Bears Gain Control Over Frax Shares (FXS)

Frax Shares (FXS), a digital asset stabilized algorithmically while being partially backed by collateral, had one of the hottest starts to 2023, raking up gains. However, things have cooled up substantially for Frax Shares (FXS).

Over the last seven days, the price of Frax Shares (FXS) is down by 11% and up to 22.5% in the last month. Due to the losses, Frax Shares (FXS) now trades at $6.90, despite trading as high as $12.7 early in the year. The massive price drop has seen several investors leave Frax Shares (FXS) for the more promising Yachtify (YCHT).


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