Along with the global financial market, the crypto market was sent into a bear trend after the Fed released its July minutes. However, amidst the bear market, some cryptocurrencies and platforms are demonstrating remarkable resilience. Toncoin (TON), THORChain (RUNE), and Watchvestor (WVTR) are three notable examples that have shown resistance during this bear market.
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Toncoin (TON) Bottoms At $1.3, Ready To Continue Rally?
Before the shock macroeconomic crash, Toncoin (TON) had been steadily trending upwards. Starting August at $1.17, the price of TON increased by more than 35% to peak at a high of $1.5 on August 16. However, like the rest of the crypto market, Toncoin would be faced with a massive price decline.
With the decline slowing down, Toncoin now looks to have found support at the $1.3 level. Bouncing off at this level, TON now trades at $1.35. If the Toncoin price continues moving counter to the bearish crypto market, it could erupt for a massive rally.
With more utility for TON, including payments for goods and services, sending remittances, and accessing decentralized applications coming in the next few months, its price could increase further. Crypto experts have predicted that TON could trade as high as $3 this year.
THORChain Bounces Off At $1.4, Climbs After New Listing
Like Toncoin, THORChain (RUNE) has been on strong bullish momentum. In the last 30 days, the price of THORChain crypto increased by more than 65% before the bear market struck. After retracing by 10%, the THORChain price appears to have found a bottom.
Bouncing off at the $1.41 support level, the price of RUNE has now rallied to trade as high as $1.52. The price increase for the THORChain crypto comes after an announcement that RUNE has now been listed on Trust Wallet.
As a result of the listing, RUNE can now be swapped across the 75 supported blockchains. With the wallet also supporting over 4.5 million cryptocurrencies and NFTs, it could potentially increase the utility of THORChain.
Watchvestor Offers Great Passive Income Via Luxury Watches
Although rare timepieces have been one of the most sought-after assets, they have been mainly limited only to the wealthy. Using the fractional investment model, Watchvestor will allow everybody to invest in some of the rarest blue-chip watches in the world starting from $10.
Luxury watches could be a game-changer for many investors as these watches yield great ROIs. For example, the Patek Philippe 57111A yielded an ROI of 788% over a five-year period. Because these NFTs are backed by the watches, their values will increase alongside that of the watch.
This means that buying and holding the NFT can serve as a great source of passive income for many investors. In addition, by staking the utility token of the ecosystem, WVTR will earn holders even more passive income.
At the time of this writing, WVTR trades at $0.03 and is expected to reach highs of $0.1 at launch. The presale of the project has just started, giving investors the chance to get in early on what might be the next big narrative in crypto.
Find out more about the Watchvestor (WVTR) Presale Today:
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial