After Failed Attempts at a Rally by Shiba Inu (SHIB), Attention Shifts to Yachtify's (YCHT) Presale
While some projects are currently undergoing token unlocks, others are actively engaging in token burn campaigns, notably Shiba Inu (SHIB). While the intentions might vary, they are nonetheless to the benefit of the ecosystem.
While some projects are currently undergoing token unlocks, others are actively engaging in token burn campaigns, notably Shiba Inu (SHIB). While the intentions might vary, they are nonetheless to the benefit of the ecosystem. In this article, we will explain the futile attempt at a rally by Shiba Inu (SHIB) and the crypto community's interest in Yachtify.
Yachtify (YCHT): Bringing the Wealth-Dominated Industry to the Crypto Community
Yachtify is an investment platform aiming to bridge the gap between the wealth-dominated yacht and charter industry and the crypto community. This makes Yachify a disruptive project in both the crypto space and the traditional yacht and charter industry with its adoption of NFT and blockchain technology.
Yachtify, as a revolutionary protocol, allows fractional investment in precious yachts, where investors will earn from yacht charters and also receive part of the fees generated by the platform.
In light of the explanation above, Yachtify is poised to take over the crypto space with its disruptive fundamentals and imminent adoption. Consequently, it is a great investment, commanding much interest among the crypto community.
Currently in presale level 1, Yachtify costs $0.10 with a further 30% bonus. Further, its lifetime liquidity lock, the team’s tokens three years lock, and the smart contract audit by SolidProof make the investment safe, further increasing confidence in it by a notch.
Shiba Inu (SHIB): Will the Burn Mechanism and Whale Accumulation Result in an Uptrend Price?
With no real-life use case for Shiba Inu (SHIB) to propel its value forthcoming, the burn mechanism is being relied upon to provide a similar effect.
The amount of burned Shiba Inu (SHIB) tokens surges every day. A notable burn event was executed by an unidentified Shiba Inu (SHIB) wallet, which recorded about 1.69 billion burned Shiba Inu (SHIB) in one transaction. Further, there are also some identifiable Shiba Inu (SHIB) holders who also contributed to the Inu (SHIB) burn this week.
Blaze Token sent approximately 2 billion Shiba Inu (SHIB) to a dead wallet. Additionally, Cultpunks, an NFT collection, burned over 246 million Shiba Inu (SHIB) tokens in a single transaction.
Between May 3 and 4, an estimated 2.25 billion Shiba Inu (SHIB) were burned. The intent behind Shiba Inu (SHIB) token burning is to eliminate excess circulating tokens, thereby impacting the price movement in an uptrend. However, this has not provided the desired effect, at least for now. Shiba Inu (SHIB) price is still in a downtrend, with a 2.7% decrease in the past 7 days and a weak price movement within the past 24 hours at the time of writing.
Amid the Shiba Inu (SHIB) token burn, there are whales proceeding to accumulate more tokens. A whale recently purchased over $2 million worth of Shiba Inu (INU), which, when added to his purchases earlier this month and later last month, totals over $218 million in holdings.
However, despite the token burn and whale accumulation, Shiba Inu’s (SHIB) price movement still remains largely bearish.
The presale token, Yachtify, is offering a way out for investors who don’t want to be caught in Shiba Inu’s (SHIB) bear trap, offering significant potential growth.
To learn more, check out this exciting and bullish project:
Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
SNEKbot by DexHunter on CARDANO
Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!
