Investors Lose Interest In Stellar (XLM) and Pepe (PEPE) After Huge Dump, Migrates To Yachtify (YCHT)

Investors Lose Interest In Stellar (XLM) and Pepe (PEPE) After Huge Dump, Migrates To Yachtify (YCHT)

Yachtify has emerged as an attractive project for crypto investors due to the recent drop in the prices of popular cryptocurrencies such as Stellar (XLM) and Pepe (PEPE), as massive sell-off continues. Yachtify offers the opportunity for anyone to own yacht shares. This opportunity has piqued the interest of many in the crypto space. 


Yachtify (YCHT): Revolutionizing Yacht Investment

Yachtify aims to make revenue-generating opportunities very accessible regardless of income level by providing a decentralized platform. This platform will leverage fractionalized NFTs to offer a more affordable alternative to traditional industry options for investing in yachts and marine vessels.

Through this approach, even individuals with limited funds will be able to purchase fractionalized ownership in yachts and receive a corresponding share of the rental income as long as they hold the YCHT token. 

For instance, owning 34% shares of a Sunseeker yacht on Yachtify would entitle the investor to 34% of the rental income after the platform has deducted trading fees. Additionally, Yachtify’s lending protocol will allow YCHT token holders to obtain loans from the platform. They can use their yacht shares or NFTs as collateral. 

Currently, Yachtify’s presale is almost at a close and has already attracted significant interest from the crypto community. The platform’s value currently stands at $0.10, with projected growth as more investors join in. Furthermore, those who purchase the token now can enjoy a 30% bonus.


Stellar (XLM) Plunges, Could Not Sustain Bullish Move

Since the start of 2023, the price of Stellar (XLM) has been on a steady rally, with a significant breakthrough occurring in January when the token’s price surpassed a descending resistance line that had been in place since the all-time high. 

Such a breakout from a long-term structure often indicates the end of a correction and leads to notable upward movements for Stellar (XLM).

However, the price of Stellar (XLM) rose to the long-standing resistance level at an average of $0.105 and failed to break out, instead forming a bearish engulfing candlestick during the week of April 17-24th. Currently, the token’s daily RSI is below 50 and declining, which is considered a bearish sign. 

As a result, the most probable scenario is a decline toward the next support level at an average price of $0.085. According to CoinGecko, the price of Stellar (XLM) is at $0.089415, representing a 0.89% price decline in the last 24 hours.

Additionally, the trading volume of Stellar (XLM) in the last 24 hours is $52,878,392, a 5.20% decrease from one day ago.

Pepe (PEPE) Loses Steam As Holders Dump Token

After experiencing a massive rally in April and May, the price of the memecoin, Pepe (PEPE) has lost its momentum as it began to decline on May 5th, resulting in a decrease of over 50% due to significant selling pressure.

Currently, Pepe (PEPE) is trading within the 0.618 Fibonacci retracement support level at $0.0000019. If the token’s price continues to drop, the next support level will be at $0.0000014. However, if there is a rebound, the Pepe (PEPE) price could increase to the next resistance level at $0.0000029.

At the time of writing, the price of Pepe (PEPE) is at $0.00000203. This indicates that  Pepe’s (PEPE) price has dropped by  9.81% in the last 24 hours, although it recorded a significant 69.40% increase in price over the past 7 days.


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