In this article, explore three tokens – Decentraland (MANA), The Sandbox (SAND), and Watchvestor (WVTR). With many tokens vying for attention, it’s essential to focus on those with the potential for stellar returns. Therefore, discover why these cryptocurrencies will shine brightly in the summer of 2023.
- Decentraland launches a month-long celebration of the humble emote
- The Sandbox introduces new tools to help LAND owners
- Watchvestor to enable everyone to fractionally own a luxurious watch for just $10
Decentraland (MANA) is a pioneering token that aims to reshape how people interact with virtual worlds. It’s at the forefront of the metaverse revolution, where digital landscapes merge with reality.
In recent Decentraland news, it has started a month-long celebration of the humble Emote to mark the anniversary of the platform’s first year of enabling individuals to use emotes. Essentially, Decentraland users will have four weeks to engage in Emote areas, compete with one another, and go to workshops.
As a result, the Decentraland coin interest rose as its trading volume jumped by 76% in the past 24 hours, sitting at $86,652,746. Currently, Decentraland is trading hands at $0.3076 with a market cap of $582M. Due to its green technical indicators, experts remain bullish for Decentraland. In fact, they predict a surge to $0.41 by the end of August.
Likewise, The Sandbox (SAND) is another token making waves in the metaverse arena. It offers a user-friendly platform for creators to build and share their virtual experiences and games.
Recently, The Sandbox revealed that it would soon permit LAND owners to post their experiences in the Metaverse. Thus, The Sandbox has now introduced some new tools to aid creators. Users may start developing their creator experience and creating a page without owning any LAND.
Consequently, the trading volume of The Sandbox crypto increased by 44% overnight, reaching $118,665,320. The Sandbox price is $0.329 with a market cap of $677M. Additionally, analysts have taken notice of its technical indicators being in the buy zone. Therefore, they predict a value of $0.48 soon for The Sandbox.
In a departure from the virtual realm, Watchvestor (WVTR) is disrupting the luxury watch market using blockchain technology. For example, while many individuals may seek to own a luxurious watch, the barriers to entry are high due to high costs. But, on the Watchvestor marketplace, anyone can become a fractional owner of a high-end watch on the blockchain for just $10.
In other words, Watchvestor will mint an NFT backed by the actual watch, which is stored in a safe vault. Afterward, fractionalization is in store for the NFT. Thus, allowing more individuals to become fractional owners for a lower cost. Not only that, those who purchase 100% of the NFT can also redeem the real-world watch by burning the watch NFTs.
One of the most significant issues in the luxury watch market is the prevalence of counterfeit watches. Watchvestor solves this issue by storing all certificates and serial numbers in the NFT’s metadata. This transparent and secure system ensures that each timepiece’s authenticity can be verified thoroughly, mitigating the risk of counterfeit watches.
Currently, one WVTR utility token has a value of just $0.03. But, unlike Decentraland and The Sandbox, it is in the Beta Stage of its presale, and as it advances, its price will surge. Moreover, it has ties to the $48B worth of the luxury watch market, which will grow by 2.38% annually. Therefore, market analysts predict a 50x surge for WVTR, with its value reaching $0.50 soon.
Find out more about the Watchvestor (WVTR) Presale Today
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