The most experienced investors and traders consistently diversify their portfolios. A diversified one will help them reduce their risk and get higher returns when trading or investing in cryptocurrencies.
Out of the many projects available, typically, those under $1 are far more appealing for diversification, as investors can give higher returns. Polygon (MATIC), Stellar (XLM), and Watchvestor (WVTR) are three options that grabbed the most attention, and today, we will go over all of them to see how far they can climb.
The overall weekly outlook for the Polygon cryptocurrency gives a bearish outlook, and it implies that further decline could occur before the eventual bullish reversal by December of 2023.
The price decreased from an ascending parallel in April. Now, The Polygon cryptocurrency needs to pass a crucial support level before more buyers jump into it and it begins accumulating further value. As of August 20, 2023, the Polygon crypto trades at $0.578066.
During the past week, the low point was at $0.558024, while its high point was at $0.686420. Now, Polygon needs to break past $0.7 in order to reach new heights. With a market cap of $5,395,335,568 and a 240-hour trading volume of $177,512,559, the cryptocurrency ranks as the 13th largest. With this in mind, according to a Polygon price prediction, it can reach a maximum price of $0.87 by the end of the year.
Another cryptocurrency that has been in a downward trend but recently surged back up in value is Stellar (XLM). On August 20, 2023, the Stellar crypto traded at $0.130771. During the past week, its low point was at $0.111016, while its high point was at $0.140318.
Moreover, in the past year, Stellar has appreciated in value by 19.6%, and in the last 24 hours, it’s up 6.6%. With a market cap of $3,588,125,399 and a 24-hour trading volume of $136,706,055, Stellar is the 22nd largest crypto. According to the Stellar price prediction, it can now climb to $0.17 by the end of the year if it breaks past $0.15 first.
But Polygon and Stellar were not the only two altcoins under $1 to grab attention. With a value of $0.03 during the early presale stage, the Watchvestor (WVTR) token has appealed to thousands of investors. According to analysts, it can climb to $0.35 by the end of the year. But why is this the case? The Watchvetsor platform enables anyone to enter the luxury watch space, traditionally only available to the extremely wealthy.
With watches costing between $100,000 to $1,000,000 from brands like Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet, building a diversified watch collection can be difficult. All of this is now changed, as through the platform, anyone can jump into them with as little as $10.
Watchvestor is a platform on which watches get turned into NFTs. Moreover, they then exist on-chain and can get fractionalized. Individual investors here can just buy a fraction of the watch based on the amount they are comfortable with investing. As for the WVTR token, it plays a significant role in the ecosystem.
Those who hold it can cut down on the fees and can engage in the governance process. All ofthese aspects make WVTR a potential blue-chip token under $1 that investors will want to diversify with.
Find out more about the Watchvestor (WVTR) Presale Today
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