Solana (SOL) Finds Bottom, Experts Predict Market Rally
With every waking moment, more and more individuals are becoming more enlightened about the crypto market. While there are thousands of projects, not every crypto offers profitable investment. This article examines whether the current market conditions make it a favorable time to consider investments in Solana (SOL), Chainlink (LINK), and Watchvestor (WVTR).
Solana (SOL) is one of the most successful crypto projects and prides itself on its high-performance, security, and scalable decentralized application. The Solana blockchain has the greater advantage of a cheaper transaction fee, costing just $0.00025 per transaction.
However, the Solana coin has not been spared from the recent downtrend in the crypto market. While the downtrend in the last two weeks has devalued the Solana price, crypto experts have predicted that its price won’t fall lower.
Former ARK Invest executive Chris Burniske, famous for his 2022 market predictions, has predicted a low for SOL. According to Burniske, the price of Solana has reached its lowest point for the year. From $20, the price of Solana has been projected to hit a high of $35 this year.
The Adoption of Chainlink Soars, Crypto Experts Predict Rally
Another crypto that has reached a potential low in 2023 is Chainlink (LINK), often referred to as the “Google of blockchain.” Based on the latest reports, the Chainlink crypto has witnessed unprecedented adoption across several blockchains.
According to the report, Chainlink services have been integrated into 12 new blockchains across 7 different blockchains. Chainlink services were added to Arbitrum, Avax, BuildOnBase, the BNB Chain, Ethereum, Optimism, and Polygon.
Following the announcement, the Chainlink price has stabilized above the $6.0 support level. Based on market analysis, the Chainlink coin price could increase if it holds this level. The price of Chainlink will look to reclaim $6.5 before rallying above $7.
Watchvestor (WVTR) Offers Investors the Best Value Per Capita
Watchvestor (WVTR) is a new blockchain in the crypto marketplace that is quickly gaining the attention of investors. Being the first of its kind, WatchVestor (WVTR) offers Investors the rare opportunity of trading in rare, collectible, timepieces.
With an annual appreciation rate of 40.6%, luxury watches offer a great means of earning passive income for investors. Watchvestor utilizes fractional NFTs to allow investors to buy and trade popular brands such as Rolex, Richard Mille, Audemars Piguet, and Patex Philipe for just $10.
Since the ownership details of the physical watches are stored as metadata, the NFTs can be used as Proof of Authenticity. The physical watches will be held in secured vaults. However, investors who purchase 100% of an NFT can request for the physical asset to be delivered to their location.
The unique fractional ownership model of Watchvestor has the potential to cause a massive surge of investors in the luxury watch industry. Watchvestor’s utility token, WVTR, is currently valued at $0.03 per token (WVTR), and is predicted to hit a massive surge of over 12x in the coming months.