The recent bearish trend in the crypto market hasn’t stopped projects from reaching new milestones. In this article, we’ll delve into three significant recent developments: the impact of the launch of Shibarium on Shiba Inu (SHIB), Cardano’s (ADA) resilience in the bear market, and Watchvestor (WVTR) groundbreaking investment platform.
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The Shibarium Launch Impact on Shiba Inu (SHIB)
After months of development, the Shibarium mainnet was launched by Shiba Inu (SHIB) on August 16. To assure the network’s continuous operation going forward, the team is diligently tackling bugs and technical difficulties on Shibarium.
Upon the launch of Shibarium, there was initial hope for a SHIB rally, but that hope was dashed. Despite this achievement, the Shiba Inu coin did not show any price increase. Rather the bearish trend in the crypto market overwhelmed the Shiba Inu price.
Shibarium’s underwhelming launch and the significant market decline that followed it also had negative effects on other cryptos in the Shiba Inu ecosystem. SHIB experienced a significant decline in weekly charts. Also Shiba Inu came up as one of the worst achievers among the top 100 projects.
Cardano (ADA) Shows Resilience and Rebounds
Despite market swings and network issues, Cardano (ADA) has shown incredible resiliency. Despite these obstacles, the ADA price found support at $0.2600 and has been showing signs of a significant recovery.
The 200 Exponential Moving Average (EMA), amplifies the significance of Cardano’s position. Being above the 200 EMA usually indicates a positive trend, while being below it indicates a possible decline. Crypto experts have predicted that the price of Cardano could jump up to 50% in the coming weeks.
Defying the bearish trend, Total Value Locked (TVL) in the Cardano network has hit $3.83 billion. Although Cardano remains below other rivals, this surprising turnaround is especially noteworthy.
Watchvestor Opens Up New Investment Opportunities
Watchvestor is creating a platform that intersects luxury timepieces, blockchain technology, and NFTs. Watchvestor, the world’s first fractional watch investment platform powered by blockchain, is ready to transform the investment landscape.
No matter their financial situation, anyone can participate in the alluring world of luxury timepieces thanks to this forward-thinking platform that is changing the norms. The platform provides fractional ownership, putting these luxury watches within reach for as little as $10 by minting NFTs backed by genuine timepieces.
Watchvestor opens the door to a world in which investments in luxury watches are no longer constrained by conventional restrictions. Its novel use case has been projected to thrive in the limitless world of blockchain innovation.
The Watchvestor token (WVTR) is the engine that powers governance, community involvement, and passive income production through staking. Crypto experts have predicted up to a 12x price surge for WVTR. This price rally will cause the price of WVTR to jump from its current presale price of $0.03 to as high as $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
Source: https://www.analyticsinsight.net/shibarium-launch-impact-on-shiba-inu-cardano-show-resilience-and-watchvestors-innovative-investment-approach-gains-traction/