Shiba Inu and Dogecoin Suffers Decline Amidst Crypto Sell-Off, Investors Switch to Watchvestor

The cryptocurrency market, famous for its wild swings and sudden price shifts, has recently experienced a significant sell-off. Popular meme coins, Shiba Inu (SHIB) and Dogecoin (DOGE) were not spared from the recent declines. As these popular tokens grapple with the sell-off, investors are seeking refuge in innovative platforms like Watchvestor (WVTR).

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

Shiba Inu (SHIB) Price Declines After Shibarium Launch

Over the last eight weeks, the price of Shiba Inu (SHIB) had been on an upward trajectory, However, with the crypto market sell-off over the last two days, the meme coin has now lost all of its gains acquired in August. 

In the last 24 hours, the Shiba Inu price has declined by 7.54% and now trades at $0.000008409. However, with the Shiba Inu burn intensifying and Shibarium preparing to bring decentralized apps to the network, crypto experts have given bullish predictions. 

Already it has been reported that over 100 dApps are building on Shibarium. When these projects begin to launch, crypto experts have predicted that the price of SHIB could increase up to 100% in the coming weeks. This will take the price of the Shiba Inu coin as high as $0.00001610.

Dogecoin Price Forecast: What To Expect in the Future?

The recent market sell-off has thrown Dogecoin (DOGE) off the bullish path it was forging in the last week. The price of Dogecoin has plunged by 7.5% in the last 24 hours and now trades at $0.0624. So, how is the price of the meme coin going to perform in the upcoming weeks?

As a result of the price decline, the DOGE now trades under the 25-day and 50-day EMAs. This is a bearish sign that could lead the Dogecoin price to retest the $0.06200 support level.

In spite of this, crypto experts still hold out hope for Dogecoin. Predicting that Dogecoin will get integrated into X (Twitter), the price of the meme coin has been forecasted to break the $0.1 resistance in the coming months. 

Investors Switch To Watchvestor Over More Promising Gains

While Shiba Inu and Dogecoin meme coins have been struggling to regain momentum, another project investors have been pouring into is Watchvestor (WVTR). The project has taken the crypto market by storm as it introduces a new model in the tokenization of real-world assets (RWAs).

The Watchvestor marketplace will feature and tokenize luxury watch brands like Rolex, Patek Phillippe, Richard Mille, and AP. Although these brands cost thousands, they will be available for as little as $10 on the marketplace. 

Watchvestor will achieve this as it leverages blockchain technology, Web3, and NFTs to create fractional digital tokens that represent fractions of real-world luxury watches. With this, the marketplace aims to revolutionize how luxury watches are bought, sold, and invested forever

This new model in Watchvestor will bring additional value and liquidity to the luxury blue-chip watch market. Crypto experts predict this will help its utility token, WVTR, surge. Now trading at $0.03, the price of WVTR could reach $0.3 this year.

Find out more about the Watchvestor (WVTR) Presale Today:

Website: https://watchvestor.com/

Telegram Community: https://t.me/WatchvestorOfficial