Top Analyst Identify Yachtify (YCHT) as the Next Big Thing in Crypto, Dogecoin (DOGE) and Litecoin (LTC) Lose Ground
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The cryptocurrency industry is constantly expanding, nearing 24,000 projects. Despite the sheer number of projects in the cryptoeconomy, top market analysts have identified Yachtify (YCHT) as one to look out for as it has the potential to become the next blue-chip crypto.
In other news, the more established and popular digital assets, Dogecoin (DOGE) and Litecoin (LTC) have been steadily losing ground. This has led many investors to move their funds to the more promising Yachtify (YCHT).
Yachtify (YCHT) Provides a Great Investment Opportunity
There has been so much talk about Yachtify (YCHT) because it is the first blockchain project to allow everybody to invest and own fractions of luxury boats while earning passive income when these boats are rented.
Breaking down the cost-intensive barrier of luxury boats, Yachtify will generate fractional NFTs for each investment to offer physical asset ownership. The Yachtify ecosystem will, interestingly, comprise a loan mechanism, rewards club, and NFT marketplace.
Also, all the yachts will be stored in highly secure ports worldwide. At least 25% of private yachts will also be available for fractional sale by their owners. In addition, all investments are secure, Yachtify will back all of them using real assets.
The native token of the ecosystem $YCHT will allow investors to purchase the fractional NFTs that represent a physical yacht, ski, or speedboat. $YCHT is currently in presale, and you can invest in as low as $0.1 per token. The uniqueness of Yachtify (YCHT) is why investors believe it could spike by more than 100x to become a top 100 crypto within a year.
Ordinals Fail to Save Litecoin (LTC) from Price Plunge
Litecoin (LTC), the self-acclaimed improvement from the original Bitcoin, has been struggling in the markets recently. Following the spike in the activity of ordinals on Bitcoin, Litecoin (LTC), last week launched LTC-20 on the network.
The LTC-20 tokens are an experimental standard for the deployment of non-fungible tokens (NFTs) on Litecoin. The launch of LTC-20 failed to spark the same reaction as Bitcoin’s BRC-20 and Litecoin (LTC) has remained bearish.
Over the last 24 hours, the price of Litecoin (LTC) has tumbled by 3% and more than 10% in the last seven days. According to data from CoinMarketCap, Litecoin (LTC) now trades at $74.5 and is ranked as the 14th largest crypto with a market cap of $5.8 billion.
Whales Dump Dogecoin (DOGE) Over Meme Coin Competition
Dogecoin (DOGE) will forever be remembered for pioneering what we know as meme coins in the crypto economy. Despite being the number one meme coin, the position of Dogecoin (DOGE) could be at stake as the meme coin competition rises.
The recent launch of Pepe (PEPE), a new meme coin inspired by the famous Pepe the Frog internet meme saw investors dump Dogecoin (DOGE). Dogecoin (DOGE) has dropped by more than 9% in the last week.
What is worse for Dogecoin (DOGE) is that its entire gains for 2023 are about to be shaved off. Year-to-date, Dogecoin (DOGE) is up by only 3.6%. At the time of this writing, Dogecoin (DOGE) trades at $0.07277 after trading as high as $0.097.
However, as with the normal trend in meme coins, investors are now cashing out from Pepe (PEPE) are moving to more valuable projects like Yachtify.
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