Kava (KAVA) Slumps, Enjin Coin (ENJ) Declines As Yachtify (YCHT) Becomes A Sought-After Token

Since the beginning of the year, there have been contrasting behaviours from many cryptocurrencies. While some cryptocurrencies have started picking up, some are still feeling the effect of bearish spillover.

At the height of this, Kava (KAVA) and Enjin Coin (ENJ) have been one of the most hit cryptos that have succumbed to the bearish calls. However, Yachtify, the newly launched cryptocurrency, has remained strong and defied expectations. Here, we’ll dig deep into Yachtify and see why it has garnered more attention than Kava (KAVA) and Enjin Coin (ENJ).

Investors Sounding Out Yachtify (YCHT) As Alternative for Maximum Profit

As Kava (KAVA) and Enjin Coin (ENJ) are frustrating investors at the moment, investors have started sounding out some alternatives. One of the project alternatives that has gained so much attention from investors is Yachtify – a newly developed crypto platform bringing new ideas to the cryptocurrency world.

According to the Yachtify whitepaper, the platform aims to create a marketplace for investors who are willing to invest in fractional boats. Existing boat owners can gain passive income by renting out their boats and sharing the proceeds of the rent with Yachtify. And with that, investors will use the YCHT token to buy fractional NFTs with underlying physical yachts that are stored and insured in high-security ports across the globe. 

To purchase a fraction of the real-world yacht that has been represented by an NFT, investors only need to pay as little as $100, which earns them the status of yacht ownership. Having passed all necessary security drills, including the KYC application, we believe this could be an opportunity to get into a future blue-chip cryptocurrency at an unbelievable price of $0.10 per YCHT token presently. 

Join Presale: https://buy.yachtify.market

Website: https://yachtify.market

Telegram: https://t.me/yachtify

Twitter: https://twitter.com/yachtify_market

Kava (KAVA) Fluctuates  in the Crypto Market

The behaviour of Kava (KAVA) has given investors concern as price fluctuation threatens to undermine its potential. Investors who have been expecting Kava (KAVA) to spring a surprise were left frustrated when the Kava (KAVA) price dropped by 5% in the last 30 days. 

Although there has been a significant improvement on the coin in the last 24 hours, with the coin gaining over 7%. Also, Kava (KAVA) has made a slight improvement in the last 7 days, gaining close to 5%. We believe that if the improvement is sustained, the coin might be on its way to $1 very soon. 

Currently, Kava (KAVA) is trading at $0.8 with a 24-hour trading volume of $232 million. The coin’s 24-hours trading volume has risen by 7% which might be a result of the slight bullish run of the coin.  The Kava (KAVA) coin is ranked #89 in coinmarketcap with a live market cap of $411 million. There are over 511 million KAVA coins in circulation.

Enjin Coin (ENJ) Puts Investors in Worry After Another Price Slump

The unfortunate situation that Enjin Coin (ENJ) found itself in is still very much in shape as Enjin Coin (ENJ) continues to deplete further in price. In the last 24 hours, Enjin Coin (ENJ) has seen a price reduction of 2.56%, while it has depleted by 8.47% in the last 7 days. The coin is down by 20% in the last 30 days.

A look at the Enjin Coin (ENJ) chart on Coinmarketcap indicates that all is not well with Enjin Coin (ENJ) as the lines continue to show red. With all these unfavourable figures from Enjin Coin (ENJ), it remains to be seen whether it would be able to overcome the present bearish situation.

The Enjin Coin (ENJ) is currently trading at $0.34 with a live market cap of $344 million. There are 1 billion ENJ coins in circulation.