Sui and NEAR Protocol Show Resilience During the Bear Market, Watchvestor Leads the Future of Luxury Investments

Despite the recent bear market that saw the value of a lot of cryptocurrencies crash, three altcoins are showcasing resilience. In fact, according to projections made by analysts, each one of them can reach new heights in 2023 and provide solid ROI for early investors. Sui (SUI), Near Protocol (NEAR), and Watchvestor (WVTR) have gained a lot of attention, and we will go over why.

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Sui (SUI) Showcases Resilience

Sui (SUI) is a DPoS Layer-1 blockchain that’s based on the programming language known as Move. It enables parallel transaction processing and can improve the execution efficiency of the network as a result. Sui has seen a lot of activity throughout the year and is still in the green zone, despite the overall market downturn.

The Sui crypto hovered around $0.4 and $0.6 during the year, and it’s clear that $0.7 is its next price barrier. With a market cap of $384,540,217 and a 24-hour trading volume of $122,600,401, Sui is still 95th on the top 100 list. However, according to the Sui price prediction projected by analysts, it can reach $0.76 by the end of the year.

NEAR Protocol (NEAR) Maintains Value

Then there’s NEAR Protocol (NEAR), another notable project that runs on top of a PoS mechanism called Nightshade. The Near Protocol crypto has a lot of utility. It’s used for transaction fees, running validator nodes, and governance.

The NEAR Protocol price has also managed to maintain steady momentum and has hovered between $1.10 to $1.40 so far during the year. With a market cap of $1,066,602,021 and a 24-hour trading volume of $48,238,371, NEAR Protocol is the 42nd largest crypto.

This showcases an optimistic outlook for its future, as according to the Near Protocol price prediction, it can reach $1.77 by the end of the year.

Watchvestor (WVTR) Seen as The Future of Luxury Investments

But Sui and NEAR Protocol were not the only two cryptocurrencies to grab investor attention. Watchvestor (WVTR) is an upcoming platform that can completely change how people engage with the luxury investment space.

Traditionally, those seeking to buy watches from the most notable brands, Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet, would need to have a lot of upfront capital. Specifically, they would need to spend between $10,000 to $100,000 or even more in some cases. But the Watchvestor platform enables them to get fractional ownership starting at just $10.

An NFT of the watch gets minted. It’s backed by a real-world, physical watch. Each watch featured on the Watchvestor has been authenticated, insured, and is stored in a secure vault. Then, the NFT gets fractionalized into smaller pieces. Now, each person can just buy as many fractions as they feel comfortable investing in.

At the core of the project is the WVTR token. It provides utility, such as discounts on fees and governance votes. During the early presale period, it trades at just $0.03, and analysts project that it can spike by 12x at launch.