The ongoing bear market has coerced investors to think long-term and research about investments that will ultimately gain profits. This crypto winter will result in only the very best projects surviving. The challenge for investors is to identify such projects and stick with them till the very end.
This article will explain why Chronoly (CRNO), a decentralized watch NFT marketplace, is here to stay, with the potential of overtaking popular crypto projects like Avalanche (AVAX) and ApeCoin
- The cryptocurrency market is struggling through the worst bear market in history
- Top cryptocurrencies like Avalanche (AVAX) and ApeCoin (APE) are caught up in volatile conditions
- Chronoly.io (CRNO) is gaining investor attention due to its unique concept
Bear markets are a phase when crypto tokens are at their most volatile nature. However, Chronoly (CRNO) has managed to increase its gains by 560% in its presale stage. The value of CRNO, the token of this decentralized NFT platform, has increased from $0.01 to $0.066 due to investor interest. Chronoly.io enables users to invest in watch NFTs, backed by luxury timepieces from exclusive brands like Rolex and Audemars Piguet, amongst many others. Traders can invest in a fraction of the watch NFT for prices as low as $10. They can even buy the entire NFT and redeem the physical watch from a Chronoly depository vault.
Chronoly aims to surpass the barriers surrounding the luxury watch market, allowing users of various demographics to dabble in this space. Chronoly users can access specialized services, like dedicated watch concierge services, entry into a private members club, exclusive NFT drops, entry into special networking events, and much more.
Currently in phase 3 of its presale stage, the project aims to launch CRNO on top 10 centralized exchanges, and create an NFT marketplace. Top market analysts predict that Chronoly.io has the potential to be the next 1,000x token and token value can increase between 2,500%-5,000% before the presale stage ends.
Avalanche (AVAX), a multi-chain smart contract platform, is considered a competitor to Ethereum. The platform can be used to launch decentralized apps (dApps) that can process thousands of transactions per second and enable developers to create customisable smart contracts. Avalanche AVAX is the native token of this platform, used to pay fees on its network. AVAX price today is $26.00 USD. Avalanche is 82.35% below its all-time high of $146.22.
ApeCoin (APE) was launched to be used within the APE Ecosystem. Members who own this ERC-20 governance and utility token, will become a part of ApeCoin DAO, a decentralized autonomous organization that will make important decisions related to the treasury and future projects. APE is currently priced at $5.67. ApeCoin is 77.16% below it’s all-time high of $27.50.
Market volatility and uncertainty is causing these popular coins to face the brunt of the bear market. Analysts believe investors need to be prepared for possible further downward price spiral due to the ongoing macroeconomic market conditions.
For more information about Chronoly.io presale
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