Despite the fact that the recent crypto market has been unpredictable, recent updates suggest that a massive rally could soon occur. Out of the thousands of available altcoins, TRON (TRX), Decentraland (MANA), and Watchvestor (WVTR) can dominate the charts. In this article, we will analyze their on-chart data to see how far they can climb.
Invest in Rolex, Patek Phillippe, Richard Mille, AP for as little as $10
Decentraland (MANA) Price Momentum
Decentraland (MANA) faced a price rejection from the 2023 highs and has been trading with a descending parallel channel. However, the Decentraland crypto is now attempting to reach the upper bands of the channel and is trying to go over the $0.5 resistance point.
The RSI is also on a downward trend, as the volatility has compressed this momentum, suggesting that a breakout might be on the horizon. As of recently, the Decentraland price hovered around $0.2 to $0.3.
In the past year, the Decentraland crypto decreased by 64.7%, but analysts project this will change. In fact, according to the future outlook by analysts, the Decentraland price prediction puts it at a value of $0.61 by the end of Q4, 2023.
TRON (TRX) Future Outlook
TRON (TRX) is a blockchain-based operating system that aims to provide complete ownership to digital content creators. However, as of recently, the TRON crypto has experienced a downward momentum.
The TRON crypto did increase by 13.6% during the past year, but in the last few months, it hovered around $0.07 as its price point. TRON needs to break past $0.1 in order to reach new heights. The current overall outlook for crypto is partially bullish, and the social media buzz surrounding it is higher than usual. However, according to the TRON price prediction, it can reach $0.13 by the end of the year.
Watchvestor (WVTR) to Soar by 12x at Launch
But TRON and Decentraland are not the only cryptocurrencies that are currently showing resilience in the market, as Watchvestor (WVTR) is also showcasing bullish signs.
The project has already gained the attention of thousands of investors. During the early presale period, it trades at just $0.03. However, as more people learn about the project, its value will increase. According to analysts, the token will reach $0.35 at launch.
Watchvestor is the first platform of its kind that enables blockchain-powered fractional investments for luxury watches. Watches from brands like Rolex to Patek Phillippe, and Richard Mille are typically expensive and accessible to everyone.
A watch can get minted in the form of an NFT, where it’s digitized. Then, they get fractionalized. Suddenly, anyone can buy a small fraction of it starting with as little as $10.
The platform also solves the issue surrounding fake watches, as all of the certificates and serial codes get stored in the metadata of the NFT. Holders of WVTR get discounts on fees and can engage in governance.
Moreover, there are over 150 supported countries for the delivery of watches. If someone buys the entire NFT, they can order it. All of these aspects make WVTR a favorable altcoin for investors.
Find out more about the Watchvestor (WVTR) Presale Today
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial
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