As the crypto market is at the brink of revival from its long-lived bearish slump through the past many months, we look at some unexpectedly promising projects that have adventured a colossal price rally and emerged as the sleeping giants of the crypto market, so far in 2022. These projects, namely, Enjin (ENJ), Cosmos (ATOM), and Chronoly.io (CRNO), have grabbed investors' attention, especially Chronoly.io, which is up 560% in its third stage of presale. Let's look at each of these projects, individually.
Enjin, the "largest community gaming platform online," with over 250,000 gaming communities, offers an enhanced gaming experience that includes crypto-backed value and other tools like wallets, game plugins, software development kits (SDKs), etc. Enjin has become the go-to platform for gamers and content creators to distribute, manage and trade their virtual goods/NFTs, using smart contracts. It enables users to customize tokens, specific to their gaming community, that are backed by the Enjin Coin (ENJ), the parent currency of the platform. Therefore, ENJ is an Ethereum token that directly backs all NFTs/virtual assets, created on the Enjin Platform.
As per data, the ENJ token has seen a 14,000% increase from its March 2020 lows of $0.03 to the 2021 high at $4.85. It is currently trading at $0.57. However, as per the Elliott Wave Theory, it is expected to rally as high as $20 by 2023. Therefore, ENJ has been declared as a sleeping giant, wherein the number of sellers has substantially reduced in the past year.
Cosmos, the platform that aims to create a truly decentralized blockchain ecosystem by promoting interoperable Defi apps and services, is supported by its native token – ATOM. Although the price of Cosmos' ATOM has declined by a shocking 12% in the last few days, experts opine that the price of ATOM could potentially touch the $30 mark, 3x from the current $10 mark. The token has attracted the attention of the millennial and GenZ investors due to its unique and high-utility features.
At present, a number of new crypto projects are losing their value, as they are not compatible with other leading projects and platforms. Cosmos' ATOM offers a promising solution by creating a bridge between these projects and leading platforms, thereby allowing the hassle-free sharing of data, transactions and other interactions. Therefore, investors are eyeing ATOM for its massive potential and expected price-growth.
Chronoly (CRNO) is globally, the first and only, NFT-powered watch investment platform that allows users to fractionally buy, sell and invest in luxury watches, with an amount as little as $10. The platform verifies the authenticity of pre owned luxury watches digitally, and also allows users to redeem physical watches, once they have acquired 100% of their stake in a given watch NFT. Moreover, users can borrow funds against their watch NFTs at competitive interest rates.
Users on the platform can invest in rare and collectable watches from brands like Patek Philippe, Rolex, Audemars Piguet, and Richard Mille, using the platforms' native utility token CRNO. The token has multiple benefits for its holders. One can earn a passive income by staking the CRNO token, earn rewards in cash or kind through monthly lotteries, and also enjoy up to 30% discounts on platform's various fees and charges like transaction fees, storage fees, club membership fees, and so on.
The Chronoly token is currently in its third stage of presale, trading at the price of $0.066, already having gained 560% since its launch. Due to its unique and interesting approach, experts have predicted a 1000% increase in price, by September 27, before the presale ends. Chronoly is expected to hit a price between $0.75 to $1.00, within a matter of weeks, truly proving to become the sleeping giant that investors can immensely benefit from.
For more information about Chronoly.io presale
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.