With the collapse of numerous centralized banks, and the overall uncertainty surrounding the stability of FIAT currencies, investors are actively seeking out alternative forms of investments through which they can generate passive income.
Many of them have turned to the Web3 space in order to find projects that can provide them with a lot of value and appeal. While some of the most notable projects, such as Enjin Coin (ENJ) and Kava (KAVA), have decreased in regard to their value, a presale-stage project known as Yachtify has gained a massive level of appeal. Today, we will go over each individual altcoin to see what makes them stand out.
Yachtify (YCHT) To Dominate The Web3 Space with Fractional Investments in Boats
The Yachtify platform aims to create a marketplace in which just about anyone can gain the possibility of earning passive income through the process of investing in and getting ownership over fractions of boats.
Specifically, they can access non-fungible tokens (NFTs) that are minted and fractionalized, and they can invest a specific percentage within that underlying boat. This can be 50%, for example, after which they can earn a portion based on the rental time frame and the overall share. In this case, they would get 50% of the profits generated, aside from the fees.
As of the level one presale, the YCHT token is offered at a value of $0.10. Analysts predict a huge increase in the value of the cryptocurrency. The platform has already been audited by the InterFi Network, and its liquidity will be locked for life, making it a lot safer for investors.
Enjin Coin (ENJ) Dips in Value by 18.6% and Worries Investors
Enjin Coin (ENJ) made waves on Twitter on May 3, 2023, when they announced the NFT.io beta. This means that users got the opportunity to get access to the N-Chip NFT key, where they could access the latest features in the marketplace. As such, the Enjin Coin (ENJ) cryptocurrency saw an increased level of appeal.
When we go over the value of the Enjin Coin (ENJ) cryptocurrency, as of May 3, 2023, it traded at $0.370751.
In regards to its historical performance, in the last two weeks, Enjin Coin (ENJ) dropped by 18.6%. In the last 24 hours, Enjin Coin (ENJ) decreased by 2.1%.
Kava (KAVA) Entered The Red Zone with A 19.1% Decrease
Kava (KAVA) announced that there are 100 protocols on top of the network. Additionally, Kava (KAVA) announced a Bribe Alert, where they partnered up with Équilibre to boost liquidity on the KAVA/ETH and axlUSDC/USDC pools.
When we go over the value of the Kava (KAVA) cryptocurrency, on May 3, 2023, it traded at $0.751844.
In regards to its historical performance, within the last two weeks, Kava (KAVA) decreased by 19.1%. In the last 24 hours, Kava (KAVA) decreased by 2.4% as well. This performance has left investors worried.
Find out more about the presale:
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