There are many cryptocurrencies in the market, and so are the crypto investors. But investors do not treat every token equally. The cryptocurrencies are weighed as per their performance and growth potential. Currently, Bitcoin and new crypto, Chronoly.io (CRNO), are the focus of investors throughout the world.
Bitcoin is the largest cryptocurrency in the world, and its performance largely impacts the overall performance of the market. Thus, investors have been observing its performance closely for the last few weeks since it started to post growth after a long phase of bearish outlook.
Chronoly.io, on the other hand, is a new player, but it has outperformed several veteran peers by its performance in the pre-sale phase. Investors have found the foundation of the Chronoly.io (CRNO) token solid and are certain that the project has potential to match or even surpass the success of crypto projects like Ethereum and Bitcoin. Their confidence stems from Chronoly.io pre-sale success, with CRNO's prices rising by 560%.
Since the beginning of 2022, it has been hard to predict the price of Bitcoin (BTC) as it has been on a rollercoaster ride. It was one of the cryptocurrencies that showed significant volatility during the recent market crash. BTC's prices plunged heavily in recent times and caused the downfall of the market to become more severe. However, it has been gaining traction again. The largest cryptocurrency in the world, BTC, has gained 7.44% in the last week. Currently, it is trading at around $24,751, which is around 64% lower than its all-time high of $68,789.63, with a market cap of $472.6 billion.
Investors across the world keep a keen eye on Bitcoin's performance because it would not be an exaggeration to say that for some time, Bitcoin (BTC) had become a synonym for cryptocurrency. The whole crypto market was built on the back of Bitcoin's success because Bitcoin (BTC) is the world's first cryptocurrency that successfully established the concept of the crypto market. Hence, its performance largely reflects the market sentiment. Bitcoin (BTC) is also based on blockchain technology and is digital money that allows decentralised peer-to-peer transactions. Bitcoin has the largest market cap; hence, it is expected that if the market is favourable, Bitcoin's trade volume can go up, resulting in an increase in the price of BTC.
Chronoly.io is a digital marketplace for trading NFTs of luxury watches. The platform is built on the Ethereum blockchain. The project mints NFTs of rare luxury watches from multinational high-end brands such as Richard Mille and Rolex, and lets people gain fractional ownership of those timepieces by investing as little as $10. Buyers can also purchase 100% NFT of any watch and burn it to acquire the physical version of the timepiece. CRNO is the native token of the platform.
Notable in this project is its stability and security. Chronoly.io mints NFTs of any watch after procuring the physical version of it from authentic sellers. It makes all the NFTs, backed by real-world physical watches, immune to market speculation or hype. This ensures the stability and security of Chronoly.io (CRNO), as it is directly connected to the value of luxury watches that always increases over time.
Chronoly.io also has a lending protocol to let its investors loan out their NFTs. People on Chronoly.io can take loans using their watch NFTs as collateral. Chronology.io (CRNO) holders can even stake their tokens in the project's lending pool to bag some passive income.
Chronoly.io's (CRNO) successful ongoing pre-sale phase has pushed the prices of Chronoly.io (CRNO) from $0.01 to $0.066. Investors are bullish about the project as experts have predicted that Chronoly.io (CRNO) can touch the target price of $1.00 before the end of the pre-sale, registering a growth of 2,500%-5,000%.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
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 scams, 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.