Nansen has reported that there is no longer a significant correlation between Bitcoin and meme coins; Pepe (PEPE) and Dogecoin, and Watchvestor (WVTR). With these cryptos showing signs of decoupling from Bitcoin, crypto experts have predicted that their prices could surge over the next few weeks.
Invest in Rolex, Patek Phillippe, Richard Mille, and AP for as little as $10
Dogecoin (DOGE) To Rally As Decoupling Increases
While Bitcoin’s correlation with other assets has been dropping, meme coin, Dogecoin (DOGE) has been showing it the most. First reported by Santiment a week ago, the trend has been confirmed by Nansen’s recent report.
According to the report, there is no longer a significant correlation between BTC and the Dogecoin price. In addition, the data tracker also reported a 20.6% social interaction to increase around Dogecoin, all signalling a price increase.
With the Dogecoin community anticipating an integration into the X platform, crypto experts believe it could bolster its price. While the price of Dogecoin currently stands at $0.06265, there are predictions that DOGE could reach highs of $0.1 before the end of the year.
Pepe Coin’s Social Interaction Spikes, Will a Rally Follow?
Pepe (PEPE) is another meme coin that has been showing the same trend as Dogecoin. In addition, Pepe coin has also been gaining momentum in the crypto market. Nansen also reported a 53.4% increase in social interaction around Pepe.
PEPE Coin appears to be living up to its name. The meme coin is based on the popular Pepe the Frog meme and represents a symbol of freedom and resistance. Showing resistance to the bear market, crypto experts have predicted that PEPE could go on another major bull run this year.
At the time of this writing, the meme coin trades at $0.000001078, forced by the crypto market to shed 7.3% of its value. In the event of a meme coin rally, Pepe has been projected to trade as high as $0.00001000.
Watchvestor’s Unique Proposition Gains Traction
Unlike the meme coins, Watchvestor (WVTR) has been gaining traction due to the uniqueness of its marketplace. Watchvestor is building the first blockchain marketplace where users would get the chance to invest in luxury watches and timepieces.
The new marketplace will collaborate with luxury producers like Rolex, Patek Philippe, Audemars Piguet, and Richard Mille. The ownership details of these watches will be digitalized and minted as fractional NFTs while the physical item will be authenticated, insured, and stored in secure vaults.
Because they are fractional, the NFTs of the watch can be broken down into fractions and sold on the platform. This will allow anyone to own a part of the luxury watch for as little as $10. With an annual appreciation rate of up to 40.6%, holders of these NFTs can generate passive income.
With a platform that offers assured passive income and almost free entry into the luxury watch industry, Watchvestor has become one of the fastest-growing projects. Crypto experts predict this will translate to up to 40x growth for its utility token, WVTR, which currently trades at $0.03.
Find out more about the Watchvestor (WVTR) Presale Today:
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial