With Bitcoin surging to its golden $100k mark, which many skeptics thought to be a dream, the time has come for the crypto community to innovate again. For too long, the ecosystem of digital assets has been hijacked by memes and degens who only sought short-term gains after 2022’s crypto winter, and with BTC’s return, it is about to change.
One of the grand innovations that has finally been given time to breathe is RWA. On-chain real-world assets, which are essentially digital representations of a real-world entity, have always been part of the crypto conversations. Real estates have long been considered assets worthy of tokenization, and now luxury cars are being thought of in the same way.
Headlining this project is Dreamcars. This utility-driven crypto ecosystem aims to make investing in luxury cars more accessible so that even low-cap investors can participate in the burgeoning rental economy. But will it be enough for DCARS – Dreamcars’ native crypto – to explode in the upcoming bull run? Let us find out.
What is Dreamcars?
The official whitepaper defines Dreamcars as a revolutionary project. The world’s first blockchain-powered luxury cars rental platform will finally allow users to own luxury cars and generate income from them. Leveraging the advancement and accessibility of blockchain technology, the Dreamcars vision is for people to easily own luxury cars.
This feat is achieved through fractional NFTs, and it will allow the holders of the NFTs to earn rental income from the cars they represent. A scalable solution, Dreamcars is trying to make the rental world more transparent and democratized.
Fractional Ownership: Fractionalization has been implemented in Dreamcars by tokenizing the ownership document of a luxury car and then dividing it into fractional NFTs. Cars that can be fractionalized include Mercedes, Rolls Royce, Lamborghini, and Ferrari.
Monthly Rental Income: When these cars are being rented by the main entity – Dreamcars – owners of the NFTs earn rental income proportional to the size of their NFTs. Passive income can be anywhere between 20% to 50% APY, and even users holding $10 worth of NFT can participate.
NFT Marketplace: The NFTs can be traded on the Dreamcars marketplace, accessible through a simple and intuitive app. The app also allows users to leverage the NFTs as collateral for loans or even lend the NFTs in return for earning lucrative interest.
Can Dreamcars Succeed in the Upcoming Bull Run?
With so many non-standard use cases, Dreamcars is a project designed to generate gains. However, to succeed in the upcoming bull run, more than a few factors should be considered.
The timing of the bull run’s arrival
When the bull run arrives will have a role to play in how the Dreamcars token grows. For instance, if it arrives during the first quarter of 2025, it may be difficult since it is unlikely that the Dreamcars presale will be concluded by then. However, if Bitcoin makes a play to reach the next golden mark – $500k – by the end of the second quarter, a bullish wave may be created that new tokens can ride to move up in value. That presents an opportune time for the DCARS price to rise.
Adoption of technology
The second factor to drive Dreamcars’s growth would be how the community responds to it. So far, the presale has acquired upwards of 1K participants. Much more has to be added for this ecosystem to reach the heights that it aims for. Arrival of new investors means the technology Dreamcars is using is in demand, which will boost its value.
Reaction towards NFTs
NFTs were the most lucrative assets within the crypto space, and they were the ones that made cryptocurrency investment fashionable. How the upcoming market reacts towards NFTs will also play a major role in how Dreamcars grows. It is an important factor as DCARS growth is tied to fractional NFTs.
After the drop from 2022, NFT prices have not been very much in the green. Bored Ape Yacht Club, for instance, has fallen from 123 ETH to 22 ETH since April 2022. If the upcoming Bull Run brings more investors to the NFT space, Dreamcars could entice traders with its use cases to grow in value.
Social media
It is important to note that crypto is still perceived as a social asset, which means the community’s sentiments matter. Therefore, it is also another crucial factor to consider.
How to Buy Dreamcars?
Those interested in investing in Dreamcars via the ongoing presale should take the steps below:
Visit the official website – dreamcars.co
Connect the wallet
Enter the amount of USDT, ETH, or BNB
Make the purchase
Claim the tokens once the presale concludes
Final Words
Considering the current market fundamentals, Dreamcars is a project that’s ripe for success. However, there are still many variables that should be kept in mind. The token’s reception on social media, the demand for the project, and reaction towards the NFTs are the core elements to think about.
That said, the market is moving fast, and trends show that utility-centric tokens are gaining steam. This could bode well for Dreamcars in the coming days, which makes becoming an early mover by participating in the Dreamcars presale an interesting choice.
Visit Dreamcars Presale
