While Toncoin (TON) and Nexo (NEXO), which were formerly at the top of the pecking order, start to decline, new projects like Yachtify are on the rise. The Yachtify community is receiving new investors because it has formulated a strategy that will help drop the barrier of entry for the exclusive yacht market.
Yachtify (YCHT): Is Yachtify (YCHT) in Close Competition With Crypto Market Leaders
A new coin on the market, Yachtify (YCHT), is coming in with a bang. Boasting a solid foundation on the Ethereum blockchain and a unique model, it is catching investors’ attention as a top-level investment. While other coins formerly at the top of their game start to dip, Yachtify is steadily gaining momentum.
Asset-backed cryptocurrencies are familiar, with coins like Fiat-backed Tether (USDT) and gold-backed PAX Gold (PAXG) doing very well in marketplaces. However, Yachtify will be competing closely with these established coins. Offering an entry route into the maritime industry, Yachtify is the first coin to be backed by luxury yachts.
Yachtify blends the distinct worlds of crypto trading and luxury yacht ownership, allowing traders to own stakes in real-life luxury vessels, from jet skis to sunseeker yachts, for as low as $100! Its model is based on fractional ownership, where a digital twin of the vessel is minted as an NFT to be sold in fractions.
Any revenue earned by leasing or selling the vessel is distributed among shareholders according to the value of the fraction they hold.
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The Yachtify marketplace is open to traders and yacht owners, who can list at least 25% of their vessel’s value. In addition, stakeholders can buy and sell their tokens on the marketplace, making tracking their portfolios easier.
Yachtify also boasts of backing from an industry unaffected by the economy, which makes it even more of a big contender. Yachtify token, $YCHT, is currently at its presale stage. Selling at $0.10 with a predicted 500% value increase, this is an excellent time to buy the token!
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Nexo (NEXO): Nexo (NEXO) Appears to Surrender to Brutal Crypto Market
Over the past weeks, Nexo (NEXO) appears to have succumbed to the brutal crypto market, experiencing a devastating price drop.
The Nexo (NEO) token now sells at $0.699, almost 25% lower than it has been since January 2023. This dip has caused Nexo, its parent cryptocurrency trading platform, to count up to 40% in losses.
Nexo’s (NEXO) price decline may be attributed to a fear in the crypto market space that finance firms that promise high yields, such as Nexo (NEXO), may be unable to honor such promises.
Toncoin (TON): Toncoin (TON) Struggles Against The Market, Falls in Continuous Negative Trend
Toncoin (TON) is experiencing a downward trend, with a 7.0% loss in value over the past week and a 3.22% decrease in the past 24 hours, resulting in a price of $2.1.
Toncoin (TON) trading volume has also depleted by 12.0% over the past week, indicating a lack of investor interest. Despite a slight increase of 0.2% in its circulating supply, Toncoin’s (TON) current market cap ranking is at #24, with a value of $3.10 billion.
Toncoin (TON) and Nexo (NEXO) are facing some of the worst days in their history. We strongly recommend more stable coins like Yachtify!
Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
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