With the collapse of centralized banks and the overall distrust of traditional FIAT currencies, many investors and traders have begun diversifying their holdings with cryptocurrencies and the Web3 space. Out of the many options available, two of the most well-established altcoins have begun to decline in value, and these include Monero (XMR) and Polkadot (DOT).
As many experienced investors know, getting into the early stages of a project in its presale period can provide solid returns, and investors have been eyeing the Yachtify presale. Today, we will go over why this has been the case.
Monero (XMR) Dips in Value by 4.9% and Worries Investors
The Monero (XMR) cryptocurrency recently made waves on social media as it celebrated its ninth birthday. This makes Monero (XMR) one of the most well-established projects in the Web3 space that redefined how users had privacy on top of Web3 space.
Despite its massive appeal and overall popularity, the value of the Monero (XMR) cryptocurrency has been in decline.
As of May 3, 2023, the Monero (XMR) cryptocurrency traded at $152.88.
In the last 30 days, Monero (XMR) saw a decrease of 4.9%, and in the last two weeks, it decreased by 6%.
Polkadot (DOT) Showcases Bearish Outlook With 19.3% Decrease
Polkadot (DOT) as a cryptocurrency was a huge point of discussion, especially with the announcement of auctions on the Polkadot (DOT) and Kusama networks.
Additionally, the Polkadot (DOT) Twitter page invited the community to build with the network to access XCM’s unique cross-chain capabilities.
As of May 3, 2023, the Polkadot (DOT) cryptocurrency traded at $5.59. In the last 30 days, Polkadot (DOT) saw a decrease in its value by 11%. In the last two weeks, Polkadot (DOT) saw an additional decrease of 19.3%, and this has left investors and traders worried about its future.
Yachtify (YCHT) Innovates Passive Income Generation With Yacht NFTs
Yachtify will be one of the largest marketplaces that surround boats, where users will gain an opportunity to get fractional ownership over a boat or a yacht and get passive income throughout.
On top of Yachtify, whenever a boat gets loaned out, investors of that boat can earn a portion of the rented amount that is paid based on their overall stake or share within the boat.
Specifically, an investor can buy a specific percentage of a boat. This can be 10%, 20%, 50%, or however much they feel comfortable with buying. What this means is that they can then earn 10%, 20%, or 50% whenever it gets rented.
This allows an additional way for investors and traders to get passive income. As of the stage one presale, the YCHT cryptocurrency has been trading at a value of $0.10.
Analysts predict a huge growth of the cryptocurrency upon the launch of the project, and as such, investors and traders have the unique opportunity of getting into the project early before it explodes in value.
Find out more about the presale:
Website: https://yachtify.market/
Presale: https://buy.yachtify.market/login
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify