The price of Dogecoin (DOGE) was not spared as the cryptocurrency market suffered a sell-off. Amidst the price decline, crypto experts have spotted patterns and given predictions for the meme coin. Meanwhile, Watchvestor (WVTR) has been gaining momentum and is poised to be a major gainer in the upcoming bull market.
Dogecoin Price Forecast: What To Expect in the Future?
Amidst a broader cryptocurrency decline, the price of Dogecoin (DOGE) has also been dropping. In the last 24 hours, the price of DOGE has reduced by 7.5% and now trades at $0.0624. So, how is the price of the meme coin going to perform in the upcoming weeks?
Falling under the 25-day and 50-day EMAs, the outlook of DOGE is currently bearish. With the meme coin falling under the $0.063 support, Dogecoin would now look to find respite in the $0.06200 support level.
Despite the current bearish sentiment of the crypto market, some analysts and experts are still optimistic about Dogecoin’s future. They believe that the coin has the potential for gains largely due to its links with X (Twitter).
According to Changelly, a crypto exchange platform, DOGE could reach $0.17 in 2023. CoinCodex, a crypto data aggregator, has predicted that the Dogecoin price could reach highs above $0.15 before the end of the year.
Watchvestor (WVTR) Could Be the Spark in the Next Bull Market
While Dogecoin is struggling to regain its momentum, another project is poised to take the crypto market by storm. Watchvestor (WVTR) is a new marketplace that will allow users to invest in fractional ownership of luxury watches.
Luxury watch brands like Rolex, Patek Phillippe, Richard Mille, and AP which cost thousands, will be available for as little as $10. This is possible because the marketplace leverages blockchain technology to create fractional digital tokens that represent fractions of real-world luxury watches.
These NFTs will be backed by real luxury watches stored in safe vaults. As they are backed by real-world items, these NFTs can also be used as proof of authenticity and ownership. Holders of the complete NFT that represent a watch can use them as collateral for lending or trade them in secondary marketplaces.
For holders of a complete NFT who want to also have the watches, Watchvestor can ship the item to any of the 150 supported countries. The tokenization of real-world assets (RWA’s) is a growing trend and Watchvestor could be a key player in the luxury industry.
Tokenized RWAs could grow into a $16 trillion industry by 2030, giving Watchvestor massive room for growth. At this time, its utility token, WVTR, is in the first stage of its presale offering a great opportunity to investors. Now trading at $0.03, WVTR could become a $0.5 token by the end of the year.
Find out more about the Watchvestor (WVTR) Presale Today:
Telegram Community: https://t.me/WatchvestorOfficial