The analyst who correctly predicted PancakeSwap (CAKE) and Tezos (XTZ) rallies is now bullish on Watchvestor (WVTR). He believes the token will likely surge from $0.03 to new levels in upcoming sessions.
PancakeSwap price outlook
CAKE reached its all-time high on Apr. 30, 2021, at $43.96.
However, the token has retraced and is trading between $1.29 and $1.49, with resistance at $2.
The token has a market cap of $274,283,014 and a trading volume of $16,267,067. Last year, CAKE crashed 68.8%, but traders are optimistic about its prospects.
If the token breaks above 1.80, it can reach edge higher in coming sessions, even rising to $1.96 by the end of the year.
Tezos’ future performance
XTZ rose to an all-time high of $9.12 on Oct. 4, 2021. Last year, the coin fell 57.1%.
It now has a market cap of $654,503,950 and a 24-hour trading volume of $18,177,320, making it the 58th most valuable crypto asset.
Analysts predict XTZ will reach $1.01 by the close of 2023, breaking away from its current $0.6 and $0.8 zone.
Analysts bullish on Watchvestor
While PancakeSwap and Tezos are far from their all-time high, one analyst remains bullish on Watchvestor. Its native token, WVTR, is trading at $0.03 in the ongoing presale.
The project aims to disrupt the luxury watch market on a global scale. As it is, luxury watches from brands like Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet are only available to the extremely wealthy. With some pieces selling for between $100,000 and $1,000,000 or even above, they make the portfolios of many millionaires.
However, Watchvestor aims to make this investment class more accessible to the average person. The platform locates watches, verifies their authenticity, and records the information on the blockchain. Each watch is represented as a non-fungible token (NFT) with valuable details stored in the metadata. This feature allows anyone to purchase a fraction of the NFT, with investments starting as low as $10.
WVTR also has a high level of utility. Holders get discounts on marketplace fees and can participate in the project’s governance.
Find out more about the Watchvestor (WVTR) presale:
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Source: https://crypto.news/analyst-bullish-on-watchvestor-after-successful-pancakeswap-and-tezos-calls/