Binance Coin (BNB) and Ripple (XRP) have both seen their values collapse recently as both are now locked in the sights of the Securities and Exchange Commission (SEC). Ripple (XRP) has been part of a long-awaited ongoing lawsuit from the SEC that said the project's XRP coin should be classed as a security. Binance is now facing the same accusation for its BNB token. Investors looking to avoid these troubled tokens should take a look at Chronoly.io. The project is creating a decentralised marketplace where users can buy, sell and trade fractions of NFT's backed against real-world appreciating assets.
Binance Coin (BNB) has seen its value drop after the threat of a Ripple-style investigation by the SEC. The regulators are investigating whether the BNB release constitutes the same definition of security. The Binance CEO has said that Binance Coin (BNB) is not a security but Ripple executives said the same and are still locked in a long-term lawsuit. The bad news continued for Binance, with a Reuters claim that the exchange laundered "at least $2.35bn in illicit funds". The path ahead could be rough for Binance Coin (BNB) if Ripple loses its SEC case. It doesn't seem like there is major room for growth for the Binance Coin anytime soon.
Ripple (XRP) faces a big week that could determine the coin's near-term price action. The former SEC Director Hinman was on record saying that Bitcoin and Ethereum were not securities, but the SEC tried to shield those comments due to client-attorney privilege. A ruling in favour of Ripple could push the stock higher.
Chronoly (CRNO) managed to prove how strong its utility and use cases are. Being in a real bear market, the worst since 2020, Chronoly.io still grew over 400% in value within a matter of weeks and some crypto analysts are predicting a further 2,000% gain before the end of presale alone. Chronoly.io is a niche project that is seeking to bring luxury watch investing to the blockchain. Investors can invest in NFTs ofrare, luxury and exclusive timepieces from watchmakers such as Rolex and Patek Phillipe. The unique project will allow investors to take fractional stakes in the watches and that will open up the market to new liquidity which was once a drawback of watch investing. The trading exchange will be open at all times and investors can also take their NFTs to third-party marketplaces like Opensea.
Another driver of Chronoly (CRNO) gains in the future is likely to be its ambitions for the metaverse. The project has plans for a Chronoverse and could see partnerships with the world-famous watch brands. Luxury brands such as Dolce & Gabbana and sportswear giant Nike have been early entrants to the metaverse aiming to sell their products in NFT form. That would be an opportunity for users to share their watch collections and add them to an avatar. The Chronoly project is completing its phase 2 token sale and will soon plan to be launched on Uniswap followed by Pancake Swap. A top analyst who has recently been correct in his last 4 major price predictions, predicts that Chronoly could be the next 1,000x token. It's no wonder why our pick of the month for top crypto investment goes to Chronoly.io
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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