The cryptocurrency market remains one of the most dynamic industries with the asset experiencing a lot of ups and downs. Recent developments in AppCoin (APE), Immutable X (IMX), and WatchVester (WVTR) have brought this to light. While ApeCoin has struggled, Immutable and Watchvestor have attracted attention from both investors and enthusiasts.
>>Invest as little as $10 in Rolex, Patek Philippe, Richard Mille and AP<
Uncertainty as ApeCoin Price Plunges to New Lows
Despite early expectations for the potential of ApeCoin (APE), this year’s performance has been disappointing. The Bored Ape Yacht Club (BAYC) community appcoin has been on a downtrend since January.
The recent market-wide decline has forced the price of Apecoin to reach all-time lows. The decline in demand for NFTs, which is slated to drop by 95% in 2023, has been a major reason for the decline in the price of Apecoin.
The future of AppCoin is uncertain due to NFTs, so its August decline is expected to be prolonged. To limit losses and check out more promising cryptocurrencies, investors are currently liquidating their Apecoin holdings, further impacting Apecoin’s value.
Immutable (IMX) zkEVM testnet phase gains momentum
Immutable X (IMX) appears to be on a strong recovery path due to rising NFT demand. Immutable Markets offers unlimited scalability, speeds up transaction processing, and reduces gas costs, making it the preferred destination for NFT trading.
The project recently launched a testnet for the zero-knowledge Ethereum Virtual Machine (zkEVM) network. Despite being in the testnet, over 20 gaming companies have partnered with Immutable to support the launch.
As the zkEVM testnet picks up momentum on the immutable, IMX token has been bullish, trying to recapture previous highs. Taking support near the $0.5800 support, immutable price could continue its rally in the coming weeks.
WatchVoster (WVTR) picks up momentum promising presales
Moving away from the bearish market, attention in the crypto community has turned to the presale of WatchVester (WVTR). This new project offers investors an opportunity to join an unprecedented ecosystem.
WatchVester combines luxury watches, blockchain and NFTs to revolutionize the luxury watch industry. The marketplace will use a fractional ownership model to allow investors with as little as $10 to invest in a stake in luxury brands such as Rolex, Patek Philippe, Richard Mille and AP.
The WatchVester token (WVTR) is the engine that powers governance, community participation and passive income generation through staking. Holders of WVTR have a say in how the platform develops and have exclusive access to events and learning opportunities.
For early investors aiming to maximize their potential profits, the presale period provides a strategic entry point. Now trading at $0.03, the price of WatchVoster is projected to rise to $0.35 before the end of the year.
More info about today’s presale:
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