Investing in digital currencies has become very popular in recent years, due to the huge benefits they offer. However, the volatility of the market can also lead to huge losses. As a result, most investors are looking for new ways to earn passive income from their crypto holdings, even during market turbulence.
This has led many investors to platforms like Yachtify (YCHT), especially as the growth slowdown of Flare (FLR) and Immutable (IMX) has left many investors in losses.
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Can Flare (FLR) Break Out of the Downward Channel?
Flare (FLR) is very popular among dApp developers for being a chain that helps them access high-integrity data from other blockchains. However, the hype surrounding Flare (FLR) has declined as the coin has fallen into a downward channel.
Despite the recent integration of the Flare (FLR) API portal into the Google Cloud Marketplace, there has been no respite for the coin. The downward channel which began at the beginning of January has seen the price of Flare (FLR) fall by almost 40% year-to-date.
In the last month, the price of Flare (FLR) is down by 20% and the coin now trades at $0.0286. With the downward channel still intact, Flare (FLR) will need a bigger announcement that its Google Cloud Marketplace integration to break out of the loss.
Growth of Immutable (IMX) Slows Considerably
Immutable (IMX) is one of the biggest Ethereum (ETH) layer 2 scaling solutions, offering users access to faster and cheaper transactions. However, since the Shapella upgrade, there has been a sharp drop-off in the growth and activity of the Immutable (IMX) network.
According to data from Santiment, the network growth of Immutable (IMX) has fallen from almost 600 in March to under 200, at the time of this writing. This concerning drop-off in growth has also taken a huge toll on the price of Immutable (IMX).
Since late March, Immutable (IMX) has seen a price fall of more than 40% – from $1.5 to $0.893, where it trades now. With the network activity looking to fall even further, Immutable (IMX) whales are considering other investment options including Yachtify.
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Yachtify (YCHT), A New Investment Never Seen
Yachtify (YCHT) is growing in popularity because it is a world’s first investment opportunity. Yachtify will allow investors to buy and rent diverse boats using blockchain technology which is secure and fast. Investors will also earn a portion of the platform’s fee shares based on their investment.
Meanwhile, the investments will be asset-backed to ensure safety and security. Also, the yachts will be stored in highly secure ports globally, and at least 25% of private yachts will be available for fractional sale by their owners.
Besides, the private yacht lease market is a highly profitable industry worth billions of dollars, and Yachtify offers a chance for you and me to capitalize on this market. At the time of this writing, you can buy YCHT for $0.1 in its first stage of presale.
Moreover, early investment in promising projects can lead to significant returns, and Yachtify’s fractional private yacht investment model presents an exciting opportunity for interested investors to get up to 40x returns when it launches.
Find out more about the Yachtify (YCHT) presale:
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