The first quarter of 2023 was great for the crypto industry, wiping out some of the crypto losses from the previous year, and potentially setting up digital assets for a major bull market.
Investors are returning to crypto, but Cosmos (ATOM) and Bitcoin (BTC), two of the most prominent names in the crypto ecosystem, are now battling for investors with newer projects as they no longer offer as much explosive upside potential.
One project that has caught the attention of investors is Yachtify, a marketplace that allows investors to earn a revenue share on the trading fees generated on the platform. Let’s see how these projects compare against each other.
Cosmos (ATOM) Struggle Despite Network Expansion
Cosmos (ATOM), the ecosystem of blockchains, has been a top-performing digital asset for a long time. However, in recent times, Cosmos (ATOM) has struggled to make and keep gains even in a bullish market.
Today, Cosmos (ATOM) announced that users will be able to use liquid staking tokens (ETH, BNB, SOL, and MATIC) from other networks to enhance the security of the chain. However, there has been no positive price reaction by Cosmos (ATOM).
At the time of this writing, the price of Cosmos (ATOM) has dropped by 2% in the last 24 hours and more than 5% in the last week. With the lack of momentum, Cosmos (ATOM) would perhaps need a push from the broader crypto market to move upwards.
Bitcoin (BTC) Struggles to Hold Above $28k
Bitcoin (BTC) suffered a sell-off at the start of May, losing 5% as its price tumbled as low as $27,930. However, the price of Bitcoin (BTC) quickly rebounded with a 4% rally pushing back as high as $28,880
According to data from CoinMarketCap, Bitcoin (BTC) trades at $28,300 at the time of this writing, but barely holds above its crucial $28k support level. With the Fed announcement on interest rates coming, Bitcoin (BTC) will need strong pressure to hold above.
However, some lawmakers led by Democrats have advised the Fed to halt the interest rate hikes, and market analysts expect a 0.25 bp increase. Anything lower than that could mean bullish news for Bitcoin (BTC), but that is yet to be seen.
Get a New Investment Opportunity with Yachtify (YCHT)
The ownership of yachts and luxury ships has been reserved for only a few wealthy individuals. Not anymore, Yachtify has created the first fractional yacht investment platform in the world where anyone can own a piece of a yacht, jetski, or speedboat.
The fractional NFTs ownership model significantly lowers the barriers to entry. More importantly, the NFTs that will be sold on the marketplace will be fully collateralized by the physical yachts.
This means that the value of the NFT will move in tandem with the value of the yacht, jetski, or speedboat. And when the physical assets are leased or rented out, investors will get a proportion of the rental fees calculated by their NFTs.
Understanding the importance of decentralization and interoperability as the future, the NFTs minted on Yachtify can be traded on any third-party marketplace.
Yachtify not only creates the world’s first platform but will also allow investors to earn a revenue share of the platform fees for as long as they hold the tokens. You can buy into this great investment for only $0.10 as it is in the first stage of its presale.
Find out more about the Yachtify (YCHT) 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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