Investors and traders are analyzing the current market momentum and are trying to pick the best altcoins through which they can diversify their holdings. Some of the best ones out there, according to experts, include Binance Coin (BNB), Monero (XMR), and Watchvestor (WVTR). In this article, we will analyze the on-chart data surrounding all of these altcoins to see how far they can climb in value.
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Binance Coin (BNB) Future Outlook
The BNB crypto has been on a bearish pattern recently, but analysts believe it can surge in value. Specifically, the BNB price stood at $216 on August 20, 2023. In the past week, it experienced its lowest point at $213.96, with its highest point at $241.36. In addition, the current market cap for the cryptocurrency is $33,232,604,970, with its 24-hour trading volume at $320,729,916.
However, during the past week, BNB decreased by 19.1%. In the past 24 hours, BNB is also down 0.5%. However, this trend will not go on for too long. According to analysts, once the cryptocurrency breaks past $245, BNB can reach new heights. In fact, according to the BNB price prediction, it can reach $307.41 by the end of the year.
Monero (XMR) Price Prediction
Then there’s the Monero (XMR) cryptocurrency, which recently entered the green zone after a prolonged period of price decreases. As of August 20, 2023, the Monero crypto trades at $147.92. During the past week, it saw its lowest point at $140.59, with its highest point at $159.65.
In addition, the Monero crypto has a market cap of $2,686,903,129, with a 24-hour trading volume of $56,128,972. The market cap for the Monero cryptocurrency is $2,686,903,129, with its 24-hour trading volume at $56,128,972. In the past month, the Monero crypto is down 8.8%. However, it increased by 2.2% in the last 24 hours. At this rate, according to the Monero price prediction, it can reach $206.60 by the end of the year.
Watchvestor (WVTR) to Surge by 12x
Alongside BNB and Monero, another cryptocurrency that has captured a significant level of attention from investors and traders is Watchvestor (WVTR).
During the early presale period, a single WVTR token trades at a value of $0.03. However, analysts believe that it can spike by 12x when it launches. This innovative platform tackles some of the key issues found in the luxury watches investment space. From unavailability to fake watches and to the expensive costs associated with the collection, each issue is resolved with blockchain technology.
Through Watchvestor (WVTR), watches are digitized and minted as NFTs. They are authenticated, and the serial numbers, certificates, and other important data get recorded on top of the metadata of the NFT.
In addition, they get fractionalized and split into multiple small parts. As a result of this, instead of spending $100,000, or even $1,000,000, on a watch, investors can just buy a fraction of it worth $10. With this complete level of transparency and verifiable watches, through Watchvestor (WVTR), anyone can get into the collecting and investment space with peace of mind.
As for the global luxury watch market, it was valued at $42.21 billion in 2022. Moreover, analysts now believe that it can see a compound annual growth rate of 5% from 2023 to 2030. As a result, those looking to get into this high-growth industry can now do so without a lot of upfront capital.
Find out more about the Watchvestor (WVTR) Presale Today
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”