September 1st, 2023 at 12:07 pm UTC · 3 min read
The crypto market is giving hope at the moment, with many tokens showing signs of a resurgence after battling the bear market in the last few days. For THORChain (RUNE), there is a question about whether the token can trade above $2, while Toncoin (TON) is heading for a resurgence. Meanwhile, the latest project , Watchvestor (WVTR), has seen an inflow of new investors.
There is a current debate in the crypto market about the feasibility of the THORChain coin breaking the $2 threshold soon. THORChain (RUNE) – the decentralized liquidity protocol has been on an upward trajectory in recent times, appreciating by 57.37% in the last 30 days. This has led to an increase in the price value to $1.68. Following the upward trends is the trading volume which has also gone up by 103% to stay at $208 million over the last 24 hours.
Many crypto professionals have attributed THORChain bullish performance to the development of a new feature on the platform. The new feature called ‘streaming swaps’ will position investors with better swap rates. Analysts believe that if THORChain could maintain the present momentum, it could trade above $2 in September.
Although the crypto market just witnessed a market downturn, Toncoin (TON) investors are still hopeful of a resurgence soon. Having experienced a slight increase 7 days ago, Toncoin is back among the bearish tokens, slipping by 1.30% in the last 24 hours.
This has resulted in the price dropping to $1.30. Similarly, the trading volume has also dropped by 34%within the same timeframe to stay at $17 million.
Despite these Upheavals, Toncoin may still be heading for a resurgence. Analysts pinned this prediction on some exciting developments going on in the Toncoin platform, such as the launch of a centralized marketplace for Telegram-based applications. With this development, Toncoin investors are hopeful of a bull run soon, which could increase the coin’s price.
While THORchain and Toncoin are back in the bullish trends, Watchvestor is also attracting investors with its unique features and use cases. However, purchasing luxurious watches is expensive and only affordable to the rich, but Watchvestor will make it accessible to average investors.
With just $10, investors can become fractional owners of luxurious watches that have been minted into NFTs. Not only that, but investors can also buy the whole NFTs and get them shipped to them if they are in any of the 150 countries supported by Watchvestor. These watches also come with unique serial numbers and are pre-registered on the blockchain.
For maximum benefit on the platform, investors have to purchase the WVTR token, which is in presale and selling for $0.03. Going by the prediction of analysts, this token is expected to surge to $0.35 by the end of the year. With the watch sector worth $42 billion and projected to grow annually by 2.38%, WVTR investors should position themselves for massive gains in the future.
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