Jump on Yachtify’s Token Presale: Secure Your Shares With 30% Bonus
• The crypto market is always in a state of flux, with tokens experiencing both spikes and drops.
• MakerDAO (MKR) has launched a new lending and borrowing protocol, yet its token remains bearish.
• Yachtify (YCHT) token presale has seen a surge in value, while Stacks (STX) and MakerDAO (MKR) tokens struggle to maintain post-breakout momentum.
Crypto Market Flux
The crypto market is constantly changing with tokens experiencing regular spikes and dips. As such, investors need to remain vigilant when trading cryptocurrency and be aware of the potential risks associated with it.
MakerDAO Launches New Protocol
MakerDAO (MKR) recently launched a new lending and borrowing protocol, however this hasn’t had an effect on its native token which remains bearish.
Yachtify Token Presale Surges
The Yachtify (YCHT) token presale has seen a significant surge in value since launch, providing investors with an opportunity to benefit from passive income generation through fractional yacht ownership. A bonus for early investors means that those who purchase during the first stage of the presale can benefit from 30% more tokens than those purchased after the initial stage.
Stacks Struggles To Maintain Momentum
Despite breaking out from a descending resistance line on May 2nd, Stacks (STX) failed to sustain its upward momentum and is currently trading at pre-breakout levels. Technical analysis suggests that the price of Stacks could soon enter into a huge breakdown if it does not break out from its current pattern. Furthermore, Stacks are trading inside an ascending parallel channel which typically indicates corrective movement; thus making further breakdowns likely if no breakout occurs soon.
Conclusion
In conclusion, while some tokens have experienced spike in value recently such as Yachtify’s $YCHT token presale, others such as MakerDAO’s MKR token remain bearish and Stacks STX coin price struggles to maintain their post-breakout momentum despite initially showing promise earlier this month. Investors should therefore consider all factors before investing in any cryptocurrency or ICO project so they can make informed decisions about where their money will be best spent.
