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Nothing is impossible in the cryptocurrency markets, and no one can guarantee that a token sitting on top of crypto charts today will continue to do the same in future. Therefore investors are now looking beyond price factor to base their investment decisions. While price fluctuations could be due to market dynamics, the longevity and usefulness of a project or a token are also important traits to keep investors interested. It has been observed that a token is likely to remain relevant for long if it is backed by some real world assets or provides value to investors through different use cases. In this context, CRNO, a utility token of watch investment platform Chronoly.io (CRNO), has shown a lot of promise in a very quick time after its presale phase was sold out. Going by price trends of the last few months, Chronoly.io (CRNO)) may soon be able to challenge popular crypto assets like FTX Token (FTT) and Near Protocol (NEAR).
Here’s a look at why Chronoly.io (CRNO) is special and how it is performing compared to FTX Token (FTT) and Near Protocol (NEAR).
FTX Token (FTT) in a bearish trend
FTX Token (FTT) is powering the crypto derivatives trading platform FTX. With features such as a three-tiered liquidation model and leveraged tokens, FTX Exchange has emerged as one of the top crypto exchanges. However, FTX Token (FTT) is still trapped in a bearish pattern.
FTX Token (FTT) touched its all-time high of $85.02 on September 9, 2021. However, the price of FTT has been falling since then. At the start of 2022, FTX Token (FTT) was trading at around $40. It fell to $33 in January 2022 before rising to $51 in March 2022.
The FTX token (FTT) suffered in the recent crypto market crash, falling to $22 in June 2022. Since then, it has failed to rise above the $23.66 level. According to CoinMarketCap data, FTT is still trading around $24 with a 24-hour trade volume of just $33 million.
Near Protocol (NEAR) continues to fall
NEAR is the native cryptocurrency of the layer-one blockchain, Near Protocol. Near Protocol (NEAR) is a popular crypto project that solves the common problems encountered on competing blockchains like low transaction speeds, low throughput, and poor interoperability.
Providing an ideal environment for decentralized apps (dApps), Near Protocol was immensely successful at the start of the year. The price of NEAR coin jumped to an all-time high of $20.42 on January 16, 2022.
However, Near Protocol’s price witnessed a massive correction during the recent market crashes. Near Protocol (NEAR) fell to $3.2 in June 2022. Though it has managed to rise briefly since June, there has not been any significant jump till now. As per the CoinMarketCap data at the time of writing, NEAR Protocol (NEAR) is trading at $3.90, down 78.54% from the all-time high.
Chronoly.io (CRNO) attracts bullish investors
While the prices of most of the long-standing crypto projects have corrected massively, CRNO, the utility token of watch investment platform Chronoly.io (CRNO), has found huge traction among bullish investors. During the recently concluded presale, all CRNO tokens on offer were nearly sold out. Due to heavy demand, the price of CRNO token also jumped 690% from $0.01 to $0.079.
In an extremely complicated crypto market, Chronoly.io (CRNO) is offering the best of old and new investment wisdoms. It is providing access to digital tradable assets backed by valuable physical assets (luxury watches), which is rare in the world of cryptos.
The Chronoly.io (CRNO) digital marketplace offers fractionalised non-fungible tokens (NFTs) of luxury watches for as little as $10. Owners of these NFTs can trade their assets. They can also stake the CRNO utility token for higher returns.
Soon, users will also be able to trade Chronoly.io (CRNO) tokens on open exchanges, which is expected to push the price higher at a much faster pace. For investors searching for a new gem, Chronoly.io (CRNO) has quickly emerged as a favorite. If the current price trend continues, Chronoly.io (CRNO) may soon emerge as a viable challenger to cryptocurrencies like FTX Token and NEAR.
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio
Presale: https://presale.chronoly.io/register
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