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Crypto News

Yachtify Gaining Traction, VeChain (VET) And Solana (SOL) Likely To Go Red For The Next Month

Author

John Asher

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Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

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In the past few weeks, the cryptocurrency’s performance has been strong and has displayed no indication of slowing down. However, the cryptocurrency market emotion is currently merged after a major rally, with some cryptos gaining traction and other cryptos dropping considerably to the bulls.

Gaining market traction, Yachtify (YCHT) continues to draw investors due to its higher growth potential. To the contrary, VeChain ( VET) and Solana are currently trading at the bottom of the market’s bullish range and are likely to go red for the next month.

VeChain (VET) Is On A Downtrend For The Next Month

VeChain’s price has dropped in the recent market, but it has the ability to recover and perhaps beyond the uptrend level. In just the past six days, its value has dropped by about 10%. 

By May 9, 2023, the current VeChain price forecast projects that the value of a single VeChain will have increased by 3.68%, reaching $ 0.021466. Bearish mood prevails at the moment, with the Fear & Greed Index sitting at 64 (Greed). Over the past 30 days, the price of VeChain has fluctuated by 6.28%, with 13 out of 30 days (43 percent), showing gains. 

According to the VeChain forecast, now is not a good moment to acquire VeChain as it is likely to go red for the next month.

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Solana (SOL) Is Likely To Go Red For The Next Month

The cryptocurrency market has not recovered from its recent decline despite the creation of the Grayscale Solana (SOL) Trust. Its value has dropped by 3.04% over the previous week. The price has fallen by 0.19% over the previous 24 hours, but it has increased by 0.1% over the past hour.

Part of the reason for this is that Solana (SOL) has seen outflows instead of inflows over the past week. The current cost per SOL is NGN 10,006.80. Solana has dropped from its all-time high of NGN 119,841.99 by 91.65 percent.

New Solana (SOL) addresses have decreased by 39%, from 188,000 at the beginning of the year to 113,000 as of the time of writing, according to data collected by HelloMoon. These additional indicators suggest solana will be in the red for the next month.

Yachtify (YCHT) Is Gaining Traction

While the market sentiment looks bearish for Vechain and Solana (SOL), an upcoming crypto project, Yachtify (YCHT), is building considerable steam which may very well end up becoming a blue-chip crypto with significant growth.

The traction Yachtify (YCHT) is creating will be linked to the cryptocurrency market anticipating having the first fractional yacht investment platform where anyone can buy, sell and rent all kinds of boats on the blockchain.

The future of Yachtify (YCHT) is such that it will offer a fractional yacht ownership model that provides investors with a unique opportunity to be a part of a recession-proof maritime industry with multiple streams of income. These fractional NFTs represent a physical yacht and they are insured and stored in high security ports around the world.

It is also good to know that Yachtify (YACHT) has already passed its audits with SolidProof Network and also liquidity will be locked for life which makes it safe for investors.

Conclusion

Whether it’s the investing platform and cutting-edge capabilities or the highly anticipated presale and affordable pricing structure, Yachtify (YCHT) has a lot going for it. You can start getting Yachtify (YCHT) for just $0.10.

Although VeChain (VET) and Solana (SOL) could see some change in price action soon, we believe it would be best to look at other opportunities like Yachtify with higher growth potential. Don’t miss a once in a lifetime chance to get in on the Yachtify (YCHT) journey and become an investor in a project with tremendous growth potential.

Find out more about the presale:

Join Presale:  http://buy.yachtify.market

Website: https://yachtify.market

Telegram: https://t.me/yachtify

Twitter: https://twiter.com/yachtify_market