Cryptocurrency

Apecoin (APE) and Azuki Holders Have Started To Buy Chronoly Tokens (CRNO)

Market Trends

Surely everyone in the whole world of crypto knows that the crypto market is still firmly in a bearish pattern, following the whole Terra/Luna meltdown. Even people who know next-to-nothing about crypto and have no real interest in the space, know that something went badly wrong with the whole market.

But the truth is, while the book may be over now, there are still good investments to be made if you step back, reassess and take a good hard look at the fundamentals. That's exactly why investors in projects such as Apecoin (APE) and Azuki are starting to invest in Chronoly (CRNO).

Apecoin (APE) going…..ape?

Apecoin (APE) is a cryptocurrency that has seen a 1,000 % increase in value since its launch in early 2022. But that was then. Ape's bulls were sucker-punched when the APE price dropped roughly 40% in just three days. The notion that the NFT launch will be a Dutch auction caused Ape Coin to skyrocket in recent weeks. In recent months this has become a popular minting strategy and investors seeking to purchase Otherdeed NFTs were placing themselves with as much ApeCoin (APE) as possible in order to participate and maximize what they could acquire.

ApeCoin's creator, Yuga Labs, stated late Thursday, April 28, that the mint will cost a flat 305 ApeCoin (APE), removing the need for anyone to hold tokens. There will also be a limit on the number of NFTs that can be minted per wallet, with the initial wave starting at two NFTs. As a result of the announcement, the price of the token has been steadily declining, prompting investors to look for more dynamic holdings.

Storm clouds gathering over Azuki

Yesterday, the founder of the $723.5 million Azuki non-fungible token (NFT) project "Zagabond" sparked a ruckus by revealing that they had previously worked on three failed NFT projects. Azuki has since apologized for its "shortcomings" after receiving considerable criticism from the NFT community, Tendies and CryptoPunks clones CryptoPhunks and CryptoZunks are the three projects in the discussion. All three, according to "Zagabond," failed owing to a lack of community support and other causes such as team members quitting or expensive Ethereum gas fees.

The majority of responses to "Zagabond's" honesty about the trial and error journey that led to Azuki NFTs were positive when the blog was released via Twitter. Other members of the NFT community, on the other hand, were somewhat less impressed and set about looking for investments with a stronger provenance.

Chronoly (CRNO) rides into town

Chronoly (CRNO) is a new cryptocurrency that has the potential to turn your pennies into thousands, if not millions, according to some experts. Unlike many other tokens on the market, it has certain real-world use cases. It enables you to make an investment in a rare, luxury, and exclusive watch. Yes! You can now invest in high-end brands such as Rolex. Anyone can start investing with as little as $10. This is an excellent opportunity to invest in this project because it is still in the presale stage. The concept is well-liked by the crypto behemoths. The maiden auction, held on May 5, 2022, sold about 19 million tokens in 90 seconds.

The price has already increased by 300% in presale going from $0.01 to $0.04. The official release will be on the 27th of July and analysts expect the token list at a price of around $0.5 giving holders a further 1,000% gain on the current value of CRNO.

Small wonder then that the crypto enthusiasts are turning to Chronoly (CRNO) in droves. With the breakdown of Terra, this looks to be attracting some notable whales.

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