Yachtify (YCHT) Token Presale Skyrockets, Stacks (STX) Price Struggles Post-Breakout, Maker (MKR) Remains Bearish

Yachtify (YCHT) Token Presale Skyrockets, Stacks (STX) Price Struggles Post-Breakout, Maker (MKR) Remains Bearish

The crypto market is always in a state of constant flux, with tokens experiencing both spikes and drops on a regular basis. Additionally, MakerDAO (MKR) has recently launched a new lending and borrowing protocol, but despite this, its native token remains bearish.

In other news, the Yachtify (YCHT) token presale has seen a significant surge in value, while the Stacks (STX) and MakerDAO (MKR) token price struggles to maintain their post-breakout momentum. 


Yachtify (YCHT): Your Yacht Industry Gateway

Yachtify’s mission is to facilitate passive income generation through fractional yacht ownership. By buying Yachtify’s in-house token, $YCHT, investors can receive a portion of rental income, as long as they retain their tokens. 

To raise funds for the development of its marketplace and team expansion, Yachtify has launched a token presale, with plans to incorporate $YCHT as a payment option with yacht charter companies globally. By leasing yachts to maritime schools worldwide, Yachtify intends to provide a stable income source for its investors. 

Besides, the private yacht leasing market is highly lucrative, valued at billions of dollars, and $YCHT’s presaleis currently in the first stage, offering 58,000,000 tokens priced at $0.10 each. 

Early investors can secure their shares, and those who invest during the first stage of the presale can benefit from a 30% bonus. Following the launch, the token’s value could jump to $0.15.

Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market

Stacks (STX) Down 12% After Hot Start to 2023

After breaking out from a descending resistance line on May 2nd, the Stacks (STX) price failed to sustain its upward momentum and is currently trading at pre-breakout levels. This has put the validity of the breakout in doubt, and the price of Stacks (STX) is now showing a short-term bearish pattern. 

A breakdown from this pattern could trigger a sharp downward movement, further confirming the previous breakout was not valid. Technical analysis of the six-hour time frame suggests that the Stacks (STX) coin price may start a huge breakdown. 

Additionally, Stacks (STX) trade inside an ascending parallel channel, which is considered a corrective pattern. Therefore, an eventual breakdown from it is the most likely scenario. 

As of the time of writing, the price of Stacks (STX) is $0.706721, representing a 12.61% decline in the last 24 hours and a 3.17% increase over the past seven days.

Maker (MKR) Still Bearish Despite MakerDAO Launching New Lending and Borrowing Protocol

MakerDAO, a prominent decentralized finance (DeFi) innovator, has recently launched its latest lending and borrowing system, the Spark Protocol. On May 8th, MakerDAO (MKR) announced that the platform would officially launch on May 9th. 

Spark Protocol is designed as an end-user, DAI-centered DeFi product built on Ethereum. It provides supply and borrowing functionalities for several cryptocurrencies, including ETH, stETH (Lido staked ETH), DAI, and sDAI. The first offering of MakerDao (MKR) is Spark Lend, which focuses on lending and borrowing crypto using DAI, the native stablecoin of MakerDAO. 

Currently, MakerDAO’s native token, Maker (MKR), is valued at $671.71. Over the past 24 hours, Maker (MKR) has declined by 1.24%, while over the past seven days, it has fallen by 4.40%.


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