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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The current crypto market crash has indeed made investors refrain from risky investments. Investors are extremely wary about speculative bets, and there are valid reasons behind this behavioral change. Several cryptocurrencies, which did not have real-world use cases or lacked backing from tangible assets, have fallen to the ground during this bearish market storm.
On the contrary, real-world utility tokens like Chronoly.io have performed extremely well. Chronoly's CRNO has registered a 560% return over the last two months during its pre-sale. Investors are now putting their money into projects where they feel assured of stability and positive returns.
Ripple XRP has been in the headlines for the past few weeks. But the recent outings of the crypto project have not been for the reasons the company may have desired. Amid the current tumultuous crypto market conditions when the prices of Ripple's XRP are tumbling, the token is also dragged in a legal battle against the SEC.
Ripple's XRP is a cryptocurrency token designed to facilitate the cross-border and cross-platform transfer of funds. The primary objective of Ripple XRP is to provide a faster, cost-effective, and scalable digital asset that will simplify cross-border payments. It is a payment settlement system and currency exchange network that can process transactions globally. XRP is the native token of Ripple. Besides, Ripple can facilitate exchanges for various fiat currencies and cryptocurrencies, such as Bitcoin.
Although Ripple managed to avoid the fatal crash as its case with the SEC raged on, the battle is still far from over. The crypto project also needs to maintain its market momentum to stay afloat.
In the absence of real-world asset backing, the trade volume of Ripple has fallen in proportion to the recent crypto market crash. This price fall caused by market speculation has pushed investors farther from Ripple's XRP. Notably, Ripple's native token, XRP, has plunged 50% from last year's mark.
Moreover, the digital asset is still hovering way below its all-time high, sparking speculations about whether it would ever return. At the time of writing the price of Ripple XRP is $0.37 with some crypto analysts placing a price target of $1.35 over the next 9 months.
Chronoly.io is the world's first blockchain marketplace for the luxury watch industry. The platform lets people buy,sell and trade fractional pieces of NFTs that are backed by luxury watches, from brands like Rolex, Patek Philippe, Richard Mille, and others. However, what makes Chronoly.io distinct from other crypto projects is its unique use case and real-world utility.
In their ecosystem, Chronoly mints NFTs of luxury watches after purchasing the real physical version of the watch which is authenticated and held in a secure vault. The NFT is then fractionalised into smaller sections enabling anyone to co-own part of a luxury watch. This clever use of NFT and blockchain technology has been tipped to revolutionize the watch industry and Chronoly.io has first mover advantage.
According to the Chronoly.io whitepaper, users can purchase small fragments of a luxury watch for as little as $10 and users that own 100% of an NFT watch can redeem it for the physical version at any time. Users can also stake their CRNO tokens for a passive income and get exclusive discounts on trading fees. The platform also provides its users with the option of borrowing against the watch-backed NFTs.
These noteworthy traits of Chronoly.io have attracted crypto users from far and wide. Interestingly, many whale investors are jumping ship from Ripple to Chronoly.io for its stable and robust roadmap. Chronoly.io CRNO token has grown 560% in the last few weeks. Its price, which was $0.01 in May 2022, has now touched $0.066. Moreover, experts believe that CRNO can grow by 3,000% within the next two months.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
