In recent news, the crypto market is experiencing a rollercoaster of events with the rise of Yachtify (YCHT) and the decline of two popular meme-based coins, Pepe (PEPE) and Floki Inu (FLOKI). Yachtify has managed to capture the attention of many investors in the crypto community with the presale of its ongoing token.
Although the meme-based coins, Pepe (PEPE) And Floki Inu (FLOKI) were bullish last week, they have started the new week on a bearish note.
Pepe (PEPE) Plunges 4% As Token Dump Continues
The memecoin landscape has caught the attention of cryptocurrency investors once more, with Pepe (PEPE) the frog-themed coin experiencing astonishing gains and remarkable performance.
Within its first month, Pepe (PEPE) delivered an impressive ROI of nearly 38,900% for early investors. However, it appears Pepe (PEPE) has lost its momentum as the coin’s price has dropped by press time. Moreover, meme coins like Pepe (PEPE) are well-known for being pump-and-dump tokens because they have little to no use cases.
By press time, data from CoinGecko shows that Pepe (PEPE) is trading at $0.00000238, a 4.86% price drop over the last 24 hours, but a notable 228.22% price surge over the past week.
Investors Dumping Floki Inu (FLOKI)?
Floki Inu (FLOKI), known as the people’s cryptocurrency, is a meme-based digital currency that drew inspiration from Shiba Inu (SHIB) and was named after Elon Musk’s pet. Floki Inu (FLOKI) has evolved from its meme origins to provide an array of utilities such as non-fungible tokens, DeFi functionality, and more.
Nonetheless, the Floki Inu (FLOKI) ecosystem failed in attracting investors to the network. In the past 24 hours, Floki Inu (FLOKI)’s trading volume has reached $58,920,558, marking a -51.50% decline from the previous day and suggesting a recent decrease in market activity.
Besides, its native token has dipped lately despite recent bullish gains. Currently, Floki Inu (FLOKI) is trading at $0.00003774, with a 24-hour trading volume of $58,893,981. The token’s price has decreased by about 2.44% over the last 24 hours but surged by 9.80% in the past week.
Yachtify (YCHT): Invest In Yachts Using The Yachtify Token
Yachtify wants to introduce a fresh investment opportunity in alternative assets, specifically yachts, and boats, by allowing individuals to invest in fractional shares using the Yachtify token. This method enables investors to earn passive income by renting out their share of the real-world asset.
Furthermore, Yachtify intends to create a fractionalized NFT linked to the physical yacht, securely stored in a designated location. By investing in the NFT, investors gain a specific percentage of yacht ownership and receive a corresponding portion of the revenue obtained from rentals.
Presently, the first phase presale is ongoing, and the YCHT token is trading at $0.1 per token. Meanwhile, SolidProof network and InterFi Network have already audited the platform. Experts predict that the cryptocurrency’s value could potentially increase by 40x in the coming months.
Besides, Yachtify’s groundbreaking offering presents an exciting opportunity for early investors to diversify their investment portfolio. While there are new cryptocurrencies like Pepe (PEPE) And Floki Inu (FLOKI) that have caught investors’ attention, their lifespan could be short-lived as they offer no real value compared to Yachtify.
Find out more about the Yachtify (YCHT) presale: