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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Crypto markets have resisted bearish trends of the previous two weeks remaining in the green on most of the days. The recovery in the cryptocurrency markets has been aided by an uptrend in the traditional financial markets like Nasdaq and S&P 500. Interestingly, altcoins have contributed significantly to pushing crypto markets upwards while Bitcoin has remained sluggish. In this article, we will look at what is expected from altcoins like Cardano (ADA), Avalanche (AVAX), and a new token Chronoly.io (CRNO), which is currently in presale and up 560%
Currently ranked 7th on CoinMarketCap, Cardano blockchain's native token ADA has recovered over 44% in the first seven days. At the time of writing, ADA was trading at $0.5348. It has remained in the green in the first week of this month. The token recorded its all-time high of $3.1 on September 10, 2021.
Despite the market crashes in the last two months, Cardano ADA has remained one of the favorites altcoins for crypto traders. Cardano network ranks in the top three blockchains for protocol safety and network security. The network is further gearing up for big updates like Lace light wallet, EVM side chains, and Basil hard fork. All of these are expected to contribute to the ADA price rally this month.
Meanwhile, analysts have predicted a 33.45% rally in the Cardano token to $0.64 level in the current uptrend. An AI-based price prediction by NeuralProphet suggests that Cardano's price could surge by $2.9 by September before plunging to $1.11 by year-end.
Avalanche (AVAX) token has rallied over 23% in the last 7 days, performing better than other top altcoins like Ethereum, BNB, XRP, Solana, and Polkadot, according to data on CoinMarketCap at the time of writing. The Avalanche token is currently trading near $29. Even as AVAX is down over 80% from the all-time high of $146 recorded on November 21, 2021, the token is primed to make a big recovery if the current uptrend in crypto markets continues.
Avalanche AVAX is the native token on the Avalanche blockchain network, which aims to make smart contracts and decentralized applications (dApps) easier and faster to use. The Avalanche token price trends suggest that this cryptocurrency is likely to trade above the $20 level in July. More recovery may follow when investors return to crypto markets after phasing out of the current bear phase.
Defying the overall negative trend in cryptocurrency markets of the last several weeks, the Chronoly.io (CRNO) token is keeping investors hooked. Chronoly.io is the world's first fractional investment platform for luxury watches like Rolex, Patek Philippe, and many more.
The marketplace allows users to make fractional investments in luxury watches using NFTs and blockchain technology. Currently, in the third phase of presale, Chronoly's token price has already jumped 560% from $0.01 to $0.066. Additionally, more than 200 million of the total 300 million CRNO tokens offered in presale have already been sold out.
Fractional ownership of rare luxury watches is an exciting new concept as it solves multiple problems like liquidity, barriers to entry and counterfeiting. Chronoly.io marketplace offers real-world asset-backed NFTs, providing watch collectors an opportunity to trade as well as use their holdings for collateralised lending opportunities.
After the end of the presale, Chronoly.io developers plan to launch the token on leading decentralized exchanges like UniSwap and PancakeSwap. They are also planning to list the token on CoinMarketCap and CoinGecko to expand their reach in the crypto community. With crypto investors getting more interested in asset-backed projects after the Terra (Luna) crash in May, CRNO price is expected to further rise in August and analysts have predicted a 1500% price rise by September.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
