When the Dogecoin (DOGE) cryptocurrency initially came out, it was intended to parody the blockchain space, to be a meme, a joke, and not take itself too seriously.
However, the project managed to amass a huge community of followers and spiked in value.
The investors that initially made investments within the Dogecoin (DOGE) cryptocurrency are now eyeing the presale of Yachtify as the next large project that can dominate the Web3 space and see a huge increase in its value. Today, we will be looking at both of these altcoins to see why this might be the overall case.
Dogecoin (DOGE) Dives in Value by 9.4%
Dogecoin (DOGE) made waves last month when a logo of the Shiba Inu dog meme, known as “Doge,” was part of Twitter. The blue bird logo was changed, and this sent the value of Dogecoin (DOGE) climbing. Moreover, libdogecoin 0.1.2 was released.
Despite this, the value of the Dogecoin (DOGE) cryptocurrency was in decline, where on May 7, 2023, it traded at $0.077477.
In the last 30 days, Dogecoin (DOGE) saw a decrease in its value by 9.4%. In the last week, the altcoin decreased in value by 5%. It is clear that investors and traders are aiming to diversify.
Yachtify (YCHT) Will Enable Fractional NFT Ownership For Yachts and Boats
Yachtify as a platform will allow anyone the opportunity to access the yacht and boat asset class. Boats and yachts typically get rented out, leased, or sold to high-net-worth individuals. This means that they can generate income passively. The Yachtify platform is being developed to enable anyone the opportunity to access them through the power of non-fungible tokens (NFTs).
NFTs are minted, then fractionalized, and can be exchanged on top of Yachtify. Investors have the opportunity to buy a specific percentage or a fraction of an NFT. The amount they earn from the NFT is based on their overall ownership of it. If an investor owns 25% of an NFT, which represents a yacht that gets rented out, they can earn 25% of the profits generated from it, aside from the Yachtify fee. This means that they can create a new way through which they can generate passive income just by getting engaged with this asset class.
Leaping Ahead With Yachtify (YCHT)
Investors are now eyeing the Yachtify project at its presale stage due to its high-growth potential. In other words, as of the presale stage, YCHT trades at just $0.10, and analysts already predict a 4,000% increase in its overall value. The platform has already been audited by SolidPorof, and its liquidity will be locked for life.
With the overall value the project provides, and the expected growth of the YCHT altcoin, investors and traders have the unique opportunity of jumping into the early stages of a project that can become a major force in the blockchain space.
Find out more about the presale:
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify
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Source: https://coinpedia.org/press-release/doge-investors-are-looking-at-yachtify-as-the-next-altcoin-to-spike-in-value/