Price Prediction for Shiba Inu After Shibarium Launch and Watchvestor As It Debuts With Unique Marketplace

In the ever-evolving world of cryptocurrencies, two significant developments have captured the attention of investors. The launch of Shibarium and the debut of Watchvestor’s unique marketplace. As Shiba Inu (SHIB) enthusiasts await the price outlook after Shibarium’s launch, the entry of Watchvestor brings a fresh perspective to the market.

Invest in Rolex, Patek Phillippe, Richard Mille, AP for as little as $10

Shiba Inu’s (SHIB) Price Prediction Post-Shibarium Launch

After months of anticipation, the Shiba Inu (SHIB) community has gotten the mainnet launch of Shibarium. There has been much anticipation about Shibarium because it gives users hope of a low-fee eco targeted mainly at financial services and gaming.

The layer 2 network hopes to become a leading name in the decentralized finance, or DeFi, eco. Shibarium is part of the project’s plan to add more utility to the Shiba Inu network. More projects would be added to the Shiba Inu network soon.

Despite being a major development, the launch of Shibarium happened at a time when the broader crypto market is enduring a major downtrend. As a result, the price of Shiba Inu has tumbled by 9.2% in the last 24 hours. At the time of this writing, the Shiba Inu price stands at $0.000008813.

Based on the chart above, Shiba Inu has been on an ascending trendline for the last seven weeks. To continue this uptrend, the price of SHIB would need to react at the $0.000008500 support level. With the RSI also in the oversold region, Shiba Inu could break above the $0.00001000 resistance and look to rally as high as $0.00001500 in the next upswing.

Watchvestor (WVTR) Gains Traction, Could Rally To $0.5

Amidst the bearish pressure in the crypto market, Watchvestor has been building momentum since unveiling its unique marketplace. Watchvestor is building the world’s first blockchain marketplace for luxury watches.

On this new marketplace, investors will be able to buy rare collectible watches from brands like Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet starting at $10. Watchvestor combines web3, NFTs, and blockchain technology to make this possible.

The ownership details of these luxury watches will be minted as NFTs while the physical assets will be stored in secure vaults. Using the fractionalization of NFTs, investors will get the opportunity to buy these rare items starting from $10. They will also reap the rewards when the prices of the watches increase or when they are sold.

Users can trade their fractions 24/7 on Watchvestor’s secondary market or can use Ethereum blockchain-based third-party NFT marketplace such as Opensea. The project has received a bullish rating from crypto experts due to its original concept.

At the time of this writing, the utility token of the marketplace, WVTR, trades at $0.03 per token. However, expert predictions peg the price of the token as high as $0.5 before the end of the year, making now the best time to get involved in the Watchvestor eco.

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