As still-evolving industries, cryptocurrency and blockchain are never short of developments and innovations. Among the projects making waves with their recent advancements include Solana (SOL), Cosmos (ATOM), and Watchvestor (WVTR). Find out how the developments are affecting the prices of these cryptos.
Solana (SOL) Powers New Mobile Phone Plan
Helium, a decentralized wireless network crypto project on the Solana (SOL) blockchain has launched a new Plan. The new mobile phone plan works on the Solana Web 3 Mobile phone and costs only $5 per month (taxes and fees).
The plan offers unlimited talk, text, and data to users who can connect to the Helium network using the Solana phone. The aim of the plan is to transform the telecom industry with cheap services. What would normally be bullish news for Solana coin has been nullified by the current bear market.
Over the last 24 hours, the price of Solana has dropped by 5%. At this time, the Solana price stands at $21.86. In the long term, crypto experts are still bullish about Solana, predicting the altcoin will rally above $30 this year.
Cosmos Gets Interchain Portal for Cross-Chain Communication
Cosmos (ATOM), a leading interoperable blockchain network, has announced a new interchain portal. This new portal will enable cross-chain communication between different chains using the Inter-Blockchain Communication (IBC) protocol.
According to the report, the interchain portal would be deployed in early 2024. It would allow Cosmos users to transfer tokens, data, and smart contracts across different chains without intermediaries. Like Solana, the Cosmos crypto is also suffering from the bearish market.
In the last 24 hours, the ATOM price has declined by 8.5%. Owing to the decline, the Cosmos price now stands at $7.43. In the long term, crypto experts have predicted an upward trajectory for the Cosmos coin.
Watchvestor Unveils Presale of Tokenization Platform for Luxury Watches
Amidst the surge of developments in the crypto space, Watchvestor (WVTR) stands out from the pack. The project has unveiled a new trading platform to make it possible for anyone to fractionally buy, sell and invest in rare and collectible watches.
Rare watches from renowned brands such as Rolex, Patek Philippe, Richard Mille, and Audemars Piguet will be turned into digital tokens. Using tokenization, Watchvestor will give users the opportunity to buy these rare watches starting at $10.
WVTR, the utility token of the Watchvestor will be the key to unlocking the incredible potential of the marketplace. The token currently trades at $0.03 in its first presale stage, but crypto experts believe WVTR could trade as high as $0.5 this year.
More on Watchvestor Presale Today:
Telegram Community: https://t.me/WatchvestorOfficial