Due to the volatile nature of the crypto market, investors are always on high alert determining which projects to invest in. Recently, concerns have been raised among investors as they observe a downward trend for Ripple (XRP) And Convex Finance (CVX).
On the other hand, Yachtify (YCHT), an innovative platform that intends to offer fractionalized NFT ownership of yachts, has become the focus of investor competition due to the increasing popularity of its token presale.
Yachtify (YCHT): Invest In Yachts Using The YCHT Token
Yachtify is transforming the traditional yacht investment system with a novel solution for the rapidly expanding yacht charter market. Through this solution, users will be able to purchase, own, sell, and trade fractionalized NFTs that represent luxury yachts.
Yachtify plans to ensure the safety of real-world yachts by storing them in secure ports across the globe. Each yacht will have its own NFT created, which will be fractionalized, enabling users to buy fractional ownership in the yacht for as low as $100.
Meanwhile, the platform places a high priority on security, as evidenced by its SolidProof Network audits, as well as a recent KYC audit, which assures investors that they are using a secure and trustworthy platform.
Early investors in Yachtify’s native token, YCHT, stand to benefit significantly. They will receive discounts on storage, transaction, and maintenance fees. The token is currently priced at $0.10 in the first presale stageand is expected to appreciate by up to 40x.
Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
Ripple (XRP) Price Plunges Below Support
During the previous week, Ripple’s (XRP) attempted to rise above $0.465. However, the bears were active near the $0.47 level, and the price formed a high near $0.4704 before declining, similar to Bitcoin and Ethereum.
As a result, Ripple’s (XRP) price moved below the $0.450 and $0.445 support levels, with a low near $0.4100. Currently, Ripple (XRP) is consolidating losses and trading below $0.450 and the 100 simple moving average (4 hours).
Additionally, a bearish trend line is forming, connecting with resistance near $0.450 on the 4-hour chart of the XRP/USD pair. If Ripple (XRP) fails to surpass the $0.450 resistance zone, it may continue to decline.
Meanwhile, the initial Ripple (XRP) support is near the $0.410 zone, with the next major support at around $0.40. If there is a downside break and a close below the $0.40 level, XRP’s price could face further losses, with the price potentially testing the $0.380 support zone. As of today, the price of XRP (XRP) is $0.422940, a 2.65% price decline in the last 24 hours.
Convex Finance (CVX) Token Continues To Drop
Since its launch, Convex Finance (CVX) has gained popularity among DeFi enthusiasts as a decentralized system. However, recent market indicators suggest that the token may be experiencing a downward trajectory.
Lately, Convex Finance (CVX) has been in a bearish trend with occasional spikes presenting investment opportunities. The present market situation has seen traders dumping the Convex Finance (CVX) token, leading to a significant decline in the token’s value.
By press time, the price of Convex Finance (CVX) is $4.76, a 3.73% price decline in the last 24 hours The highest price recorded for Convex Finance (CVX) is $60.09, which was observed on January 1st, 2022.
It is our belief that Yachtify’s token presale presents a prospect to invest in a future blue-chip cryptocurrency at an exceptionally favorable price.
