• Immutable (IMX) show signs of price rally despite the -5.6% loss in the past 7 days.
• Sui (SUI) crashes in value a day after launching its token, falling 37%.
• Yachtify (YCHT) experiences an intensified momentum on the crypto market as its presale kicks off.
In a crypto market with thousands of coins, investors have identified Yachtify as a project that has the potential to take the industry by storm. Meanwhile, Immutable (IMX) and Sui (SUI) struggle to find their feet in this competitive environment.
Ahead of a launch, Immutable (IMX) is coming at the back of a -5.6% loss in the past 7 days. However, it may have finally caught a break as it witnesses a +1.3% increase in price value in the last 24 hours. The current price is $0.90 and looks near the $1 threshold. Its market cap is $869.59M while its 24-hour trading volume stands at $29.41M with circulation supply at 957.30M coins. In March 2021, IMX announced its partnership with Polygon Lab to expand its Web3 gaming ecosystem by combining with Polygon’s zkEVM technology to improve general gaming experience for users worldwide.
Sui (SUI) was handed a reality check when it nosedived immediately after launch and lost -37% in price value since then – currently standing at $1,34/coin and $707,.99M market cap . Its 24-hour trading volume stands at 810..27M SUI tokens with 528.,27M circulation supply . For now investors are advised to lay off Sui until further notice .
The Yachtify project is one of next rated coins on investor’s radar as it experiences an intensified momentum on the crypto market upon presale kick off . It will be world’s first exclusive club where members can buy , sell , rent or own timeshare in anything from jetski to sunseeker yachts . Investors also get access to fractionalized NFTs that represent real-life valuable assets like yachts , jetski , etc .. Presale investors will continue earning revenue through Yachtify’s blockchain-based platform over time .
While Immutable might see some positive movements soon , investing in Yachtify might be more profitable option for investors due to its exclusive nature and long term income prospects through fractionalized NFT investments . On other hand , Sui’s poor performance after launch shows that caution should be exercised before investing into newly launched projects .