Yachtify (YCHT) surges while Ethereum (ETH) records losses

Since it may be difficult for certain projects to recover from failure, the negative market has long been a source of worry for many cryptocurrency investors and traders. Market observers anticipate a decline in the price of Ethereum (ETH) due to the maximum sell pressure. On the other hand,  investors can find solace in the ongoing presale of Yachtify.

Analysts predict there will be short-term sell pressure on Ethereum (ETH)

Cryptocurrency trader and analyst Ali said in a tweet this morning that Ethereum (ETH) may soon see some selling pressure. His article follows on-chain statistics that revealed a significant increase in the volume of Ethereum (ETH) deposits made on regulated exchanges.

At the time of writing, Ethereum (ETH)’s price was $1,902.60 on CoinMarketCap, down 3.09% from the day before. Due to this subpar daily performance, the leader in cryptocurrencies had a negative weekly performance; it was now at 0.03%. Ethereum (ETH) lost value not just against the US dollar but also lost 1.53% versus Bitcoin (BTC).

During today’s trading session, the cryptocurrency’s price fell below the 9-day and 20-day EMA lines. The wick observed above the most recent daily candle implies that the anticipated sale pressure has already entered the charts as bears seek to drive the price of Ethereum (ETH) down.

Up until it reaches the next significant support around $1,800, the 50-day EMA, which was trading at about $1,850 at the time of publication, will offer some support for the price of Ethereum (ETH). Once the cryptocurrency price reaches this level, it will either increase or continue to decrease. But the current spike in active Ethereum (ETH) deposits on regulated exchanges supports a pessimistic viewpoint.

A breach below the 50-day EMA line will only leave the previously mentioned support at $1,800 before a slide to $1,670 if the selling pressure continues. Bulls, however, may arrest the slide below $1,670 and take long positions in the currency given that Ethereum (ETH) has been trading in a consolidation channel between $1,800 and $2,015 over the last two weeks. 

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Yachtify (YCHT) presents a unique opportunity to investors 

Due to the massive amount of money needed to buy one, yacht ownership has traditionally been a benefit reserved for the wealthy. Thankfully, Yachtify hopes to change that. Yachtify (YCHT), the first cryptocurrency platform, will provide everyone the opportunity to invest in and own a fractional boat ownership, which may generate passive income. 

Investors will particularly be able to benefit by renting out the yacht, depending on how much of it they finally own. An investor who had a fractional interest in a yacht with a 40% value would thus be entitled to 40% of the rental income in addition to the trading fees.

By using Yachtify Protocol, investors have a unique opportunity to engage in the maritime industry, which offers a number of recession-proof revenue sources. Yachtify Protocol’s suggested system of fractional private boat ownership. By doing this, it will provide its customers access to the lucrative and powerful private boat sector.

The YCHT coin is only worth roughly $0.10 and is presently in stage one of its presale. As long as they hold onto their tokens, investors in the presale are entitled to get a portion of the platform fees. 

Investors can have higher confidence in Yachtify as a result of the network’s audit by SolidProof and knowing that the team plans on locking liquidity permanently and that of the teams for 3 years.

The Yachtify initiative has promise and stands out. For investors wishing to diversify their portfolios, it provides a safe alternative investing platform. Yachtify has a ton of room for growth and may easily become a top-tier cryptocurrency.

To learn more about Yachtify, visit;

Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market

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