Tokens like Axie Infinity (AXS) and The Sandbox (SAND) have recently seen their fair share of ups and downs. Meanwhile, one project currently in Stage 1 of its presale has been making waves in the crypto space – Watcvhestor (WVTR). With ties to the global luxurious watch market, valued at $42.21B in 2022, many analysts in the field claim it could reign supreme in 2023.
Axie Infinity (AXS): On an Uptrend
Axie Infinity (AXS), a blockchain-based game, has captured the attention of both gamers and investors since its launch. In the past 24 hours, the Axie Infinity price has jumped by 0.54% and now sits at $4.89 with a market cap of $689M.
With the recent unveiling of Project T, the future looks even brighter for this innovative platform. Project T offers a tantalizing glimpse into a new Axie game, combining interactive gameplay, social interaction, and immersive experiences.
As a result of this new prototype being revealed, interest in the Axie Infinity coin rose as bulls once again reemerged. Not only that, nearly all its technical indicators are showing strong buy signals. Thus, experts remain bullish for Axie infinity in the long term. In fact, they predict a jump to $7.73 for AXS by the end of 2023.
The Sandbox (SAND): Showing Bullish Momentum
Similarly, The Sandbox (SAND) experienced price fluctuations. The Sandbox crypto lost 18.1% of its value in the past week alone.
However, the platform has recently unveiled a significant development – allowing LAND owners to publish their self-created experiences within the Metaverse. Thus, highlighting The Sandbox’s commitment to creating a dynamic and creative environment.
After this news, The Sandbox price increased by 0.10% overnight and now sits at $0.3282 with a market cap of $675M. Additionally, the technical indicators for The Sandbox are in green. Therefore, market analysts are confident that bulls will retake control of The Sandbox and are forecasting a $0.54 price by December 2023.
Watchvestor (WVTR): The Must-Have Crypto in 2023
The luxury watch industry has long been associated with prestige, craftsmanship, and exclusivity. However, it has faced several challenges that hinder accessibility, authenticity, and liquidity. Enter Watchvestor – a groundbreaking platform set to disrupt and revolutionize the luxury watch market, eliminating all its issues.
Firstly, the high entry barriers. Luxury watches have traditionally been considered investment vehicles reserved for wealthy people. Watchvestor solves this by minting NFTs backed by physical watches and fractionalizing them. As a result, investors from all income brackets can become fractional owners of a luxurious watch on the blockchain for as low as $10.
Secondly, the lack of liquidity. Once purchased, these high-value items can be challenging to sell quickly when needed. Watchvestor’s lending protocol offers a solution by allowing users to use their NFTs as collateral to borrow funds at competitive rates. Consequently, users can access the locked value in their watches without selling them.
While The Sandbox and Decentraland are worth keeping an eye on, they lack the growth potential of Watchvestor as it has real-world ties to the luxury watch market and a lower market cap. In other words, the WVTR utility token will surge much faster than its rivals. Thus, experts predict its current value of just $0.03 will surge to $0.35 when it gets launched on a DEX.
Find out more about the Watchvestor (WVTR) Presale Today
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