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For cryptocurrency traders, whales, and investors, price movements and projections are critical indicators. Due to recent price fluctuations and expectations in the cryptocurrency market, Yachtify (YCHT) appears to be a better option than Polygon (MATIC) and Dogecoin (DOGE).
Yachtify Invites Investors to Take Part in Its Pre-Sale
Yachtify’s goal is to develop a marketplace for anybody interested in earning passive income by investing in and owning fractions of yachts. When you hire out your boat, you will get a percentage of the rental depending on your total share. If you hold 50% of the charter, you will receive 50% of the hire less trading fees.
Yacht ownership has always been reserved for the rich. We developed the world’s first fractional yacht investing platform, allowing members of the community to purchase, sell, and rent real-world boats.
Yachtify is currently offering a Stage One presale for just $0.1. Pre-sale investors may receive a portion of platform fees for as long as they hold the tokens.
Although Polygon (MATIC) and Dogecoin (DOGE) may see some favorable price activity in the short future, we feel it is best to look at other possibilities with larger growth potential, such as Yachtify.
Polygon (MATIC) Facing Decline in TVL
Through fresh collaborations and enhancements, the Polygon [MATIC] network has continually made advances in the DeFi domain. Despite these improvements, Polygon’s (MATIC) TVL has continued to fall. The TVL of Polygon (MATIC) has dropped by 2.86% in the previous week, according to Cryptolaxy, a crypto analytics business.
Furthermore, the number of unique active wallets on the Polygon (MATIC) network has plummeted dramatically. The number of active wallets on the network plummeted from 430,682 to 316,250 in the first 15 days of April, according to Dune Analytics statistics.
One cause for this is a decrease in DEX volume on the Polygon (MATIC) network. According to Dune Analytics, the entire DEX volume on Polygon (MATIC) has decreased from $218 million to $45 million in the previous three months. This suggested that interest in Polygon’s DEXs was dwindling over time.
This decline might have serious consequences for the overall status of the Polygon (MATIC) network’s DeFi market.
Dogecoin (DOGE) Struggle In Bearish Direction
The Dogecoin (DOGE) market dropped significantly on May 4 to a low of $0.077 before rising by 5.19% the next day. Despite the bears’ pressure, Dogecoin (DOGE) bulls are fighting to re-establish market confidence.
Notably, the Dogecoin (DOGE) price has increased by 0.53% in the last 24 hours. Dogecoin (DOGE) has a 24-hour trading volume of $345,154,234, up 37.60%, according to CoinMarketCap.
Dogecoin (DOGE) is now ranked No. 8 among all cryptocurrencies, with a market size of $11.02 billion and a price of $0.07. Today’s Fear & Greed Index is 27 (Fear), indicating a pessimistic market sentiment for Dogecoin (DOGE). This implies that investor sentiment regarding Dogecoin (DOGE) is relatively low, implying that the market is suffering anxiety or uncertainty.
Dogecoin (DOGE) is now trading below the 50-Day and 200-Day Simple Moving Averages (SMAs). Because of the significant selling pressure, these levels imply that Dogecoin (DOGE) is in a downtrend or bearish movement.
Find out more about the presale:
Website: https://yachtify.market/
Presale: https://buy.yachtify.market/login
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify
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