The cryptocurrency market is still in the process of recovering from the recent downtrend. As a result, leading cryptos Cosmos (ATOM) and Axie Infinity (AXS) have fallen to critical levels. We will also consider the fascinating world of Watchvestor (WVTR), where high-end timepieces and blockchain finally converge.
Invest in Rolex, Patek Phillippe, Richard Mille, and AP for as little as $10
Cosmos Falls To Critical Level, ATOM Gets Score of 17
Cosmos (ATOM) has been one of the worst hit by the recent crypto market downtrend. This is because, since February, the Cosmos coin has been on a descending trendline. As a result of the recent price drop, the ATOM price has hit the critical level of $7.
The long-term technical analysis score of ATOM now outperforms only 17% of active coins. InvestorsObserver’s analysis gives Cosmos a low long-term technical score of 17. The score analyzes the position of Cosmos crypto concerning long-term averages, as well as its support and resistance levels.
Cosmos price is currently below the 100-day moving average highlighting the long-term price decline. This score corresponds to the coin’s price fluctuation during the year, indicating a generally unfavorable forecast for its long-term trajectory.
Axie Infinity Records Surging Metrics, Price Recovery for AXS?
Along with the crypto market, the Axie Infinity token experienced a major price drop. However, reacting at the $4.70 critical level, AXS is now showing promise. In addition, there has been a surge in activity on the network, signaling a possible price recovery.
DappRadar’s data shows Axie Infinity has experienced a 60% increase in active wallets and transaction volume. The Axie Infinity game saw a 72.39% increase in transactions between active wallets and smart contracts, reaching 1.13 million transactions in the Axie Infinity token.
The Axie marketplace experienced increased activity due to environmental changes and the relaunch of the Streamer Rewards Program. If this momentum continues, crypto experts have predicted that the Axie Infinity price could surge by up to 50% in the coming weeks.
Watchvestor: The Future of Luxury Watch Investments
Watchvestor is a new project looking to revolutionize luxury watch investments by bringing rare, collectible, timepieces to the blockchain space. This new marketplace will offer luxury brands like Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet for as little as $10.
Using fractional NFT ownership, Watchvestor will allow multiple investors to buy, own, and trade a share of a luxury watch without having to buy the whole thing. Using this fractional ownership Watchvestor reduces the entry barrier to entry from thousands of dollars to just $10.
By providing staking opportunities that provide passive income, WVTR also helps usher in a new era of financial security. WVTR holders can also participate in the lending pool and stake their tokens while also collecting rewards.
Watchvestor’s dedication to democratizing the ownership of luxury watches and empowering a worldwide community has earned the project a strong bullish rating. Crypto experts have predicted that the price of the WVTR token could rise from $0.03 to a high of $0.35 before the year ends.
Find out more about the Watchvestor (WVTR) Presale Today:
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial