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As the cryptocurrency market tries to recover from the recent slump some coins have been slow to rally but quick to fall. Investors are now looking for an opportunity to achieve long-term gains and three coins could offer that chance Elrond (EGLD), Stellar (XLM), and Chronoly.io.
The Chronoly project has been in demand as investors see an opportunity to bridge the old world of investing with the new. The project incorporates a decentralized marketplace for investors to trade and authenticate luxury blue-chip watches.
Investment-grade watches for decades have outperformed traditional investments and have normally been reserved for the wealthy because of the barriers to entry and waitlist exclusivity, but Chronoly.io wants to democratize it.
Built on the Ethereum blockchain users can trade NFTs that have been minted and backed against the actual real version of the watch which is insured and held in the Chronoly vault. By breaking down the NFT into small pieces to allow fractional investing, the opportunity to invest is open to investors of all sizes as you could technically own part of a Rolex for as little as $10.
The native currency which powers the Chronoly ecosystem is the CRNO token which allows investors to access some benefits which are exclusive to CRNO token holders only. Token holders can participate in asset-backed lending and earn a passive monthly income, use their CRNO tokens to get discounts on trading fees, and have a chance every month to win a luxury watch through the Chronoly watch lottery which is completely free to enter.
At the time of writing the Chronoly.io token price has rallied to $0.05, up 400% from last month's price of $0.01. Chronoly is now in phase 2 of the presale and many traders are expecting the price to continue to trend upwards as the "crypto winter" extends and investors look for projects which are linked to real-world assets.
The Elrond network has seen increased investor interest from whales and retail players in the past few weeks. Added investor interest is seeing a wave of new users on the blockchain. Elrond (EGLD) stated that it had welcomed 1.63M accounts representing 45.98M transactions and 12.44M staked EGLD tokens. Last week saw Elrond (EGLD) introducing a new launchpad ecosystem known as BHero, which will attempt to uncover game-changing Apps. Elrond is a smart contract chain that now supports Non Fungible Tokens (NFTs), the price of NFT collections has been hit by the crypto market downturn but that would be an opportunity to invest for the next wave higher in digital assets.
Stellar Lumens (XLM) was previously a rock in the top ten cryptocurrencies but has since slipped to number 25. The project is now looking to rebuild its market cap and climb higher with new developments fuelling gains. A recent tie-up saw Stellar (XLM) partnering with the Remittance giant MoneyGram and that could spur new investor interest in Stellar's XLM coin. Investors will now be able to send and receive money on the blockchain via the USDC stablecoin. MoneyGram allows billions across the world to send money to family and friends across borders and XLM will get a jump on Ripple's plans to dominate that space.
More information on the Chronoly Pre-Sale is Here:
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
