A hallmark of the crypto industry is how quickly sentiments can change from bullish to bearish and vice versa. After leading a market recovery over the weekend, Ethereym (ETH( and Optimism (OP) are experiencing a change of trend, dipping hard as a result.
With Ethereum (ETH) and Optimism (OP) plunging hard, investors are now migrating toward more bullish digital assets. One that has caught the attention of many investors is Yachtify because it brings a new concept to blockchain and allows investors to earn extra income.
Ethereum (ETH) Fails to Hold Bullish Momentum
Ethereum (ETH), the number one altcoin, was one of the biggest gainers over the last weekend as the crypto market briefly turned bullish. Over the weekend, the price of Ethereum (ETH) jumped by almost 7% to reach a high of $1,999 – its highest trading value since the Shapella upgrade.
However, at the time of this writing, Ethereum (ETH) is in deep bearish territory and has fallen from almost $2,000 to trade at $1,850, according to live data from CoinMarketCap.
With on-chain data showing that the active Ethereum (ETH) deposit has jumped to an 18-month high, the leading altcoin could experience a new wave of volatility in the coming days.
Can Optimism (OP) Break Out of the Descending Triangle?
Optimism (OP), has been one of the preferred Ethereum layer 2 blockchains used for faster and cheaper transactions. However, the activity on Optimism (OP) has taken a hit since the latest Ethereum (ETH) blockchain upgrade.
Since mid-April, the price of Optimism (OP) has tumbled by 35%. Optimism (OP) now trades at $1.81, despite trading as high as $1.8 on April 15th. This descending triangle has led many investors to flee Optimism (OP) for the likes of Yachtify.
The only hope for Optimism (OP) to break out of the current downtrend is if there is an overall turn of market sentiment for cryptocurrencies as its Optimism Superchain is still a long time away from deployment.
Yachtify (YCHT) to Outperform Optimism and Ethereum
Yachtify (YCHT) has been tipped to outperform the crypto market in 2023, not only because of its current momentum, but also because it has introduced a unique, world’s first concept to the blockchain industry.
Yachtify is introducing the first fractional yacht investment platform in the world where anyone can own a piece of a yacht, jetski, or speedboat. Yachtify is on a mission to make the luxury yacht industry that’s worth over $100 billion accessible to every crypto investor.
Yachtify will drastically lower the barriers to entry into luxury boat investment by utilizing the fractional NFTs ownership model. More significantly, the real boats will be fully backed by the NFTs sold on the marketplace.
Yachtify has the potential to attract a large number of investors by developing the world’s first blockchain-based platform for luxury boat investing and allowing investors to receive a revenue share.
You can join in on this excellent investment for as little as $0.10 right now because it is in the early stages of its presale, and you can get up to a 30% bonus on your first purchase. Many analysts believe Yachtify can generate up to 50x revenue before its complete debut.
Find out more about the Yachtify (YCHT) presale: