Due to the current decline in the crypto currency market, the prices of several popular cryptocurrencies have fallen significantly. As a result, the bulk of them, including Solana (SOL) and Polkadot (DOT) are battling to sustain value and survive the bearish market.
Though still new, Yachtify has started showing it has potential to outrank major cryptocurrencies like Solana (SOL) and Polkadot (DOT). As investors continue to buy into the Yachtify innovative idea, the newbie might just outrank its predecessors.
Investors Can Purchase Fractionalized Shares In Yachts And Boats Through Yachtify (YCHT)
Due to the massive amount of money needed to buy one, yacht ownership has traditionally been a benefit reserved for the wealthy. Yachtify wants to change that by introducing the world’s first fractional boat investing platform, which will enable investors to purchase, sell, and rent yachts.
For each investment, an NFT that is split into fractions that clients can invest will be created. An investor who had a fractional stake in a yacht with a 50% value would thus be eligible for 50% of the rental income in addition to the trading commissions. Join in for only $0.1.
The team is dedicated to the safety of each investment, as such the team’s token will be locked for 3 years and liquidity will be locked for life. Also, the platform’s KYC procedure has been completed, and the founder’s identity has already been established. SolidProof has also audited the platform.
Solana (SOL) Suffers another Price Rejection
According to the Solana (SOL) price analysis, the Solana (SOL) price action was rejected at the $23.00 level and is now moving back toward the $22.50 level, which provides immediate support.
At the time of writing, the 4-hour Solana (SOL) price analysis overall provides a buy signal, with 15 indications supporting the bulls. Only two of the indicators, however, show a clear negative trend, backing the bulls. Nine indicators are both neutral and unfavorable to either side of the market.
The 24-hour Solana (SOL) price analysis, which also offers a buy signal and has 14 indicators favoring the bulls, echoes this conclusion. The analysis shows that the mid-term charts are dominated by bullish trends, with little evidence of bearishness at the current price level.
As of the time of writing, the remaining 10 indicators are neutral and have not yet sent a signal. However, all met go south for Solana (SOL) if the 10 neutral indicators give into the bears.
Polkadot (DOT) Price Analysis: The Bears are Still in Control
According to the price research, Polkadot (DOT) is presently trading below its psychological support level of $6, which suggests a downward trend. As a result of bearish pressure, the Polkadot (DOT) price has dropped to $5.79.
Polkadot (DOT)’s bullish performance from yesterday was superior, but prior selling pressure eventually contributed to the present market situation. Due to the persistently intense selling pressure on Polkadot (DOT) that prevails above the $6 region, the bulls were unable to push Polkadot (DOT)’s price over $5.86 yesterday.
Although a price recovery towards $6 may be feasible with further bullish support, the current environment favors bears, and the price may close today near the middle of the $5 zone. The current market state for Polkadot (DOT) makes a negative scenario more likely than a bullish one.
To learn more about Yachtify, visit;
Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.