After years of waiting, the cryptocurrency could finally get an Ethereum (ETH) future by October. Meanwhile, Watchvestor (WVTR) is poised to revolutionize the $78 billion luxury watch industry through ingenious blockchain-based solutions. How will these developments affect the prices of the crypto in the next few months?
Ethereum (ETH) Future To Be Approved by October
Ethereum (ETH), the leading platform for smart contracts and decentralized applications (dApps), is expected to receive a major boost by October. According to some experts and analysts, Ethereum could get a futures ETF.
With more than a dozen Ethereum futures ETF applications already submitted, crypto experts have predicted that one will be approved soon. A Bloomberg report cites anonymous sources within the U.S. Securities and Exchange Commission (SEC).
If approved, the ETF would track the Ethereum price futures that are traded on the Chicago Mercantile Exchange (CME). This will mark a major milestone for Ethereum as it would allow more institutional investors to get involved with ETH.
While a major announcement, the current bearish market has forced the ETH price lower today. At the time of this writing, the price of ETH stands at $1,673, dropping by 6% over the last 24 hours. However, experts are still bullish that the Ethereum value could hit $2,000 this year.
Watchvestor is Bringing Innovation To the Luxury Watch Industry
The acquisition and trading of exceptionally rare timepieces have long been considered a niche market reserved for a few wealthy investors. Watchvestor (WVTR) is a new project looking to change that by bringing the luxury watch industry onto the blockchain.
Watchvestor will be bringing innovation to this niche industry by combining web3, NFTs, and blockchain technology into one ecosystem. The marketplace will feature some of the most luxurious watches from brands like Rolex, Patek Phillippe, Richard Mille, and AP.
However, unlike traditional luxury watch dealers, the price to enter Watchvestor has been reduced to only $10. Using a fractional NFT ownership model, the project will enable multiple investors to own a share of an asset (luxury watches), without having to buy the whole thing.
The ownership details of these watches will be digitalized and converted into NFTs, where they can be fragmented. Fragments can be sold for varying amounts, starting at $10. Holders of these NFTs can use them as collateral and borrow at competitive rates whilst retaining full ownership of their watch.
WVTR, the utility token of the ecosystem will serve as the key to unlocking the incredible potential of the Watchvestor marketplace. As the utility token of an innovative platform, WVTR has been projected to rise sharply in the market. But, still, in early presale, crypto experts have an opportunity to stack the token now it trades at $0.03.
Find out more about the Watchvestor (WVTR) Presale Today:
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