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Can Yachtify Overtake Shiba Inu and Stellar?

3 mins
Updated by Petar Jovanovic
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The crypto market is very volatile and unpredictable changes could take place at any time. As a result, there is intense competition in the market with new projects and tokens challenging existing ones.

Yachtify (YCHT), a relatively new digital asset that will allow many to invest in the $100B+ industry, may overtake popular tokens such as Stellar (XLM) and Shiba Inu (SHIB). 


Yachtify (YCHT) To Allow Investors Buy Fractionalized Shares In Yachts And Boats

Over the years, yacht ownership has been a privilege exclusively enjoyed by the wealthy due to the immense capital needed to own them. Luckily, Yachtify seeks to change this by introducing the world’s inaugural fractional yacht investment platform, which will enable investors to purchase, sell, and rent yachts.

Each investment generates an NFT, which is split into fractions that users can invest in. Furthermore, fractional ownership removes obstacles to entry, making it more accessible to a wider audience.

Interestingly, the team cares about users’ safety and has undergone a KYC procedure, and the founder’s identity has already been verified. SolidProof has also audited the platform. 

You may be wondering if your tokens are vested. Of course, they are. The aim is to prevent a sudden sell-off immediately after launch. This is very common with most projects.  Currently, the token is in its initial presale stage, with a cost of just $0.1 per token. Additionally, early investors who purchase now will receive a 30% bonus.


Stellar (XLM): Will Bearish Movement Continue?

Stellar’s (XLM) value has been rising steadily this year, and in January, it broke through a descending resistance line that had been in place since its peak. Such a breakout often indicates the end of a correction and could signal upward movements for Stellar (XLM).

Unfortunately, Stellar (XLM) reached a long-standing resistance level of $0.105 and failed to break out, creating a bearish engulfing candlestick during the week of April 17th to 24th

Meanwhile, technical analysis of the daily timeframe signals a bearish prediction for the Stellar (XLM) token.  

Shiba Inu (SHIB) Burns 2.25B SHIB In 24 Hours 

Shiba Inu (SHIB) supporters achieved an extraordinary feat recently by burning over 2.25 billion Shiba Inu (SHIB) in just 24 hours through six separate transactions. Notably, this milestone marks a significant achievement for the Shiba Inu (SHIB) community.

A new NFT collection called CultPunks launched on the Modulus Network and permanently removed 246.74 million Shiba Inu (SHIB) from circulation in a single transaction around 19 hours ago. Shortly after, the Blaze token sent 2 billion Shiba Inu (SHIB) valued at $19,992 to a dead wallet in a massive transaction. 

This caused the overall burn rate to increase by 30,940.10% compared to the previous day’s 5.83 million SHIB burned in three transactions. However, Shytoshi Kusama, a lead Shiba Inu (SHIB) developer reassured the Shiba Inu (SHIB) community that their goal is to burn trillions of dollars worth of SHIB coins.

On the other hand, the Shiba Inu (SHIB) token since the beginning of 2023 has been part of the crypto market rally, with the price rising over 35% and competing with other major altcoins like LTC, MATIC, and APT

Shiba Inu (SHIB) and Stellar (XLM) were once great investment opportunities, but seem to have lost their appeal. Yachtify has significant potential for growth and could become a blue-chip cryptocurrency. We believe you should give it a shot.

Find out more about the Yachtify (YCHT) presale:

Website | Presale | Twitter | Telegram


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BeInCrypto Team comprises a diverse group of experienced journalists, analysts, and crypto enthusiasts dedicated to delivering the latest news, insights, and analyses in the...