Avalanche (AVAX) and Theta Network (THETA) in the Red Zone, Investors Turn to Yachtify (YCHT)
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Within the Web3 space, investors and traders are consistently on the lookout for new projects through which they can diversify their portfolios and overall holdings.
However, not every single cryptocurrency can perform equally, and not all of them can stand the test of time in regards to supplying consistent passive income.
Avalanche (AVAX) and Theta Network (THETA) saw a decrease in their overall value, but there is a new, presale-stage project that has been getting a high level of appeal among investor circles which can provide a lot more value, and that’s Yachtify. Today, we will be going over all of these cryptocurrencies to see how they stand out.
Avalanche (AVAX) Fell by 21.8%
The Avalanche (AVAX) cryptocurrency has been a huge point of appeal, especially after the announcement of the Avalanche Summit.
Additionally, the MELD subnet launched on top of Avalanche (AVAX) to help users manage both FIAT and digital assets from a single interface.
Despite this, the value of the Avalanche (AVAX) cryptocurrency has been in decline. As of May 3, 2023, Avalanche (AVAX) was trading at $16.57. Within the last two weeks, Avalanche (AVAX) decreased its value by 21.8%. In the last 24 hours, it decreased by an additional 1.6%.
Theta Network (THETA) Enters Red Zone with 21.2% Decrease
Theta Network (THETA) is one of the most notable blockchain-based projects that has recently taken its Twitter community by storm through a high level of growth of its ecosystem. Decrypt partnered with Theta Network (THETA) to launch their new gaming hub known as GG.
Despite these updates, the value of the Theta Network (THETA) cryptocurrency did not increase tremendously; in fact, it fell in value instead.
As of May 3, 2023, Theta Network (THETA) traded at $0.962774. Within the last two weeks, Theta Network (THETA) fell by 21.2%. In the last 24 hours, the token decreased by an additional 2.4%.
Yachtify (YCHT) to Change How Investors Make Income from Boats
Yachtify will be a blockchain-based platform that establishes a marketplace where anyone who aims to earn passive income can do so by making fractional ownership of boats. Non-fungible tokens (NFTs) are minted and fractionalized that represent real-world boats. Users can then buy a specific portion of the NFT.
When the boat gets rented, the investor earns an equal amount of money as the ownership percentage they have over the boat. So if they own 50% of a boat, they get 50% of the money it makes while it is rented out, aside from the trading fees.
This means that Yachtify provides a new way through which any investor can get passive income. The platform has been audited by the InterFi network. At the stage one presale, the YCHT token trades at $0.10. Analysts predict massive growth for the token upon launch, and as such, each investor has a unique opportunity for growth when getting into the project early.
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