Discover the current state of the crypto market as Polygon and Apecoin face challenges, and explore why Watchvestor's marketplace is capturing the attention of investors.
In recent developments within crypto, Polygon (MATIC) and Apecoin (APE) have revisited previous price lows, sparking concerns among holders. On the flip side, Watchvestor's (WVTR) new marketplace is generating excitement among crypto enthusiasts. In this article, we will delve into the current state of these cryptocurrencies.
Polygon (MATIC) found mainstream success in the crypto space for allowing developers to create and connect scalable and interoperable blockchain networks. However, the recent downtrend in the crypto space has affected the MATIC price.
Following the recent market-wide crash, the price of Polygon has retested lows at $0.545 – last seen in June 2022. However, there may be hope for the Polygon token. Over the last few weeks, games on the blockchain have been growing in popularity.
In recent times, three of the top five Polygon dApps have been games. Polygon Labs has also partnered with Immutable zkEVM to further fuel the growth of games on its network. As games become more popular, crypto experts have predicted an increase in the Polygon price.
Like MATIC, the price of Apecoin (APE) has been on a descending channel since the start of the third quarter. As a result of the Apecoin price decline, the token has hit a critical range low. This is the first time APE would trade at $1.5.
Many analysts predicted a major trend change at this level, but a solid rebound was elusive. The Apecoin value still hovers around this level with the trend remaining bearish on the lower timeframe.
For the Apecoin price to break above the descending channel it has traded since June, a major price action is required. With no respite in sight, Apecoin could continue on its downward momentum unless there is a shift in the broader crypto market trend.
Amidst the bearish trend in the crypto market, investors have been migrating towards Watchvestor over its exciting new marketplace. Watchvestor is growing at a rapid rate as it is building the first blockchain marketplace for the luxury watch industry.
The marketplace will offer luxury brands like Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet. Using a shared ownership model via fractional NFTs, these rare, luxury timepieces will be available for as little as $10.
The marketplace will buy luxury watches and store them in secure vaults. The ownership details of the timepieces will be tokenized on a blockchain and offered as fractional NFTs. This model will allow investors to own smaller fractions of these luxury watches stored in vaults.
By doing so, Watchvestor looks to open the doors for every investor into one of the most profitable industries. As the project grows in popularity, crypto experts have predicted up to a 12x price jump for its utility token, WVTR. This will take the price of WVTR from $0.03 to as high as $0.35.
Find out more about the Watchvestor (WVTR) Presale Today:
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.