The crypto market has no favorites. The recent market crash has proved that crypto projects need to have strength at their core business roadmap to triumph in the market. Cryptocurrencies that lacked a solid foundation and real-world backing suffered significant losses as their prices plummeted. The EOS Network (EOS) and Aave (AAVE) are two such projects that witnessed a massive hole in their pocket. However, they are in recovery mode now.
On the other hand, projects that have tangible utility and are backed by real-world assets witnessed enormous growth. Chronoly.io (CRNO) is one such platform. Chronoly.io’s popularity and success can be assessed by the fact that its CRNO tokens were nearly sold out before the end of the company’s pre-sale phase.
EOS Network (EOS) Needs Bulls’ Continuous Push
Although the EOS Network (EOS) showed some growth in the previous month, it has tumbled again. The price of the EOS Network’s native token, EOS, has decreased by 3.59% in the last week, nullifying the growth it achieved in August. This unbalanced performance of the EOS Network (EOS) has hurt its future growth prospects as investors are wary of such projects. Moreover, the current price of EOS is $1.475, which is over 93% below its all-time high of $22.89.
The EOS Network (EOS) is a decentralized platform that aims to prioritize high performance, flexibility, security, and developer experience. The EOS Network (EOS) has the vision to create a platform where users can execute near fee-less transactions. The EOS Network (EOS) allows users to build dApps that other blockchain networks do not support. The network has multiple tools and resources to help project developers.
Aave (AAVE) Remains Unbalanced
Aave (AAVE) has been in the green zone for the last few weeks; however, its price is yet to find a balance. While Aave (AAVE) witnessed a price appreciation of 5.50% last week, it has suffered regular losses between 5%-8% in intraday trading, bringing down the weekly gains. Currently, Aave (AAVE) is being traded at $86.995.
Aave (AAVE) is a blockchain-based lending platform that enables people to lend, borrow, and earn interest on crypto assets. On Aave (AAVE), users can participate as either borrowers or lenders. Borrowers can borrow cryptocurrencies at competitive interest rates, while lenders provide liquidity to the market to earn passively. Aave was launched as decentralized finance (DeFi) lending platform that establishes a system where users can borrow or lend without the involvement of any intermediaries.
Chronoly.io – A Market Titan in The Making
If any crypto has brought cheer to its investors in the last few months, it is Chronoly.io’s (CRNO) token. Chronoly.io’s (CRNO) popularity shot up to the sky when its pre-sale tokens sold out. Above all, its native token, CRNO, has recorded a growth rate of around 690%.
Chronoly.io (CRNO) is the first-of-its-kind blockchain-based watch marketplace that enables people to make fractional investments in the NFTs that are minted against luxury watches. Moreover, Chronoly.io’s (CRNO) token is backed by real-world assets, i.e. physical watches. This makes CRNO resistant to negative market sentiments.
These watch NFTs are minted after Chronoly.io (CRNO) purchases physical versions of luxury watches from these brands and stores them in secured vaults across the world. Chronoly.io (CRNO) users can buy the NFTs of these luxury watches for as low as $10.
Besides trading watch NFTs, Chronoly.io (CRNO) holders get many other benefits. These include a discount on transaction fees and eligibility to participate in a monthly lucky draw where one user will get to win a physical watch every month. Chronoly.io (CRNO) holders can also stake their tokens in the platform’s lending pool to earn some passive income.
Chronoly.io’s (CRNO) price has already reached $0.079 from $0.01 and is expected to conquer the $1.00 mark in the next few months. Industry experts have also predicted that Chronoly.io (CRNO) can rise by 2,500%-5,000% soon.
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