As the crypto market looks to recover, Stellar (XLM), has been at the forefront of the rally. As Tron (TRX) is one of the most secure cryptocurrencies to trade with, USDT has secured dominance on the network, as far as the crypto market is concerned. Meanwhile, Watchvestor (WVTR) has captured the attention of the crypto community with its new unique marketplace.
Invest in Rolex, Patek Phillippe, Richard Mille, and AP for as little as $10
Tron (TRX) Network Activity Grows With USDT Dominance
Recent on-chain data has shown that stablecoin, USDT, is now the most dominant cryptocurrency by demand in the Tron ecosystem. USDT managed to outshine Ethereum, contributing a total of 43% of all usage on the Tron network.
Pundi X Labs, upon trade analysis, has mentioned lower fees and faster transactions as the notable reasons for Tron’s stablecoin adoption. As a result of constant trading activities in the Tron ecosystem, USDT stands out due to its high demand and stability.
Crypto experts have predicted that the TRX could potentially increase in value as a result of this development. With the Tron coin price looking to capitulate, experts have predicted that TRX could rally as much as 40% in a bullish crypto market.
Stellar (XLM) Leads Crypto Market Recovery
After a very bearish week, cryptocurrencies are looking to force a comeback. At the forefront of the resistance is Stellar (XLM), a crypto that has gained popularity over the years for its novel payment and transaction platform.
The Stellar chart shows a bottom at $0.1100 after the market sell-off. According to a report from Santiment, the Stellar chart is showing signs of a promising comeback. The report has raised optimism about the potential Stellar price recovery.
If the price of Stellar gains momentum at this level, a rally to $0.18 could happen. However, crypto experts have predicted that the price of the coin would need to break above the $0.135 resistance in the short term.
Investors Turn To Watchvestor Over Promising ROI
As the world glamours for more tokenized assets, Watchvestor stands tall among others as it prefers ready solutions to new investors. Watchvestor is building a novel marketplace that prides itself on the buying, selling, and investment of rare and collectible watches.
Luxury watches from popular brands, such as Rolex, Richard Mille, and Patex Philipe will be featured on the marketplace. Each luxury timepiece will be listed on their marketplace as a fractional NFT, giving investors the opportunity to purchase fractions starting from $10.
The luxury watch industry offers one of the biggest returns on investment, making the marketplace even more attractive. The watch market’s annual appreciation rate is 40.6%, outperforming the S&P 500 at 9.5% (with dividends). An example is the Rolex Cosmograph Daytona Platinum Watch. Between 2020 and 2023, the value of the luxury watch increased from $76,903 to $138,016.
These fractional NFTs have the advantage of allowing more investors into the luxury watch ecosystem. With each new increase in awareness of the Watchvestor platform, there is a forecast that the utility token of the ecosystem will hit a price of $0.35 upon launch.
Find out more about the Watchvestor (WVTR) Presale Today:
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial
