Chronoly (CRNO) Attains 690% After Presale Sells Out, While Yearn.Finance (YFI), Kusama (KSM) Remain Bearish

The first half of 2022 caused investors and crypto enthusiasts to lose their hard-earned money, as most tokens plummeted in value to their all-time lows. While projects that didn't have a solid foundation were swept under the crypto meltdown, the crypto tsunami highlighted that projects with tangible utility, strong fundamentals, as well as projects that are backed with real-world assets will continue to grow regardless of the market conditions.

Chronoly (CRNO), Yearn.Finance (YFI), and Kusama (KSM) are such types of projects. While the duo of Yearn.Finance (YFI) and Kusama (KSM) find it very difficult to survive the crypto tsunami, Chronoly (CRNO) even shown early investors over 690% ROI.

Can Chronoly (CRNO) sustain this impressive performance? Will Yearn.Finance (YFI) and Kusama (KSM) recover from the bearish market?

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Chronoly (CRNO) Investors Continue To Remain Bullish

Investors on the Chronoly (CRNO) network continue to remain bullish, even as the project offers over 690% ROI. Chronoly (CRNO) has changed the way and manner people invest in the luxury watch market. Chronoly (CRNO) is an NFT marketplace where rare and luxury watches manufactured by Rolex, Patek Philippe, Richard Mille, and Audemars Piguet are listed for sale. With as low as $10, you can participate in the Chronoly (CRNO) marketplace. The NFTs are backed by a physical version of the watch that's held in a vault. One good thing about Chronoly is that the more NFTs a person buys, the more ownership they gain over a particular watch. This feature has made investors become bullish on CRNO token.

Since Chronoly (CRNO) hits the public space in May 2022, it has continued to grow, surpassing other tokens that were launched in the same period. Industry watchers believe that the 690% growth is as a result of the real-world use cases that the token offers. The project's native token, CRNO, helps to power the Chronoly ecosystem and also offers massive rewards to token holders. According to the project's roadmap, the developmental team plans to collaborate with reputable influencers to further promote the project to young investors.

Yearn.Finance (YFI) Plunges Further As Investors Count Losses

These are not the best of times for Yearn.Finance (YFI) investors. Since the start of the bearish market, Yearn.Finance (YFI) holders have continued to count their losses. Many of them have even had to dump the project for viable alternatives like Chronoly. According to CoinMarketCap, Yearn.Finance (YFI) fell from its all-time high of $93,435.53 to around $9,000 as of September 5. The downturn may continue for the long-haul if the Yearn.Finance (YFI) team doesn't do something concrete to stop it.

At its core, Yearn.Finance (YFI) is a combination of decentralized finance products that allow users to optimize their earnings through crypto lending and trading services. The Yearn.Finance (YFI) ecosystem is controlled by token holders who vote to decide the fate of the project. Its native token, YFI, is "stakeable." You can stake the token to earn passive income. At press time, Yearn.Finance (YFI) trades for $9,004.89 USD with a 24-hour trading volume of $48,681,489 USD

Kusama (KSM) Keeps Polkadot Safe

The price point of Kusama (KSM) fell by over 5.01% in the last 7 days and plummeted by over 0.80% in the last 24 hours. According to industry watchers, Kusama (KSM) remained bearish due to a number of reasons. First, Kusama (KSM) holders have lost interest in the project due to the constant market crashes and the volatile nature of the market. Secondly, the project is barely known by younger investors. The crypto wave blew the price point of the token from its all-time high of $623.75 to the current $46.87 USD.

The Kusama (KSM) team is not keeping silent over the downtrend; they have taken steps to change the narratives, one of which is the initiative to keep Polkadot safe. Keeping Polkadot safe will help boost investors' confidence in the project and also open up the ecosystem to institutional investors. Kusama (KSM) intends to keep Polkadot safe by acting as a warning system to prevent any threat that may destabilize the network. Its native token, KSM, powers the Kusama protocol and enables the cross-blockchain transfer of asset/data. Official Polkadot upgrades are usually tested on Kusama before releasing them for public consumption.

At press time, Kusama (KSM) traded for $46.87 USD with a 24-hour trading volume of $28,320,638 USD

For more information about Chronoly.io Pre-sale

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Presale: https://presale.chronoly.io/register

Twitter: https://twitter.com/Chronolyio