Google searches are a simple way to gauge market sentiment and 'Bitcoin is dead' and 'Bitcoin dead' has become a popular search theme in the last week. The price of BTC dropped below $18,000 this week as key support levels gave way in the world's top cryptocurrency by market cap. The coin has since rallied but any veteran market watcher knows that it takes a long time for a market to recover after such a loss in market cap. We are likely to see interest rates continue to pressure BTC with a sideways movement over the next few months. Investors looking to escape the bear market should have caught Chronoly (CRNO) in its presale. The coin was one of the rare tokens to rise over the period with a 400% gain.
Bitcoin (BTC) investors are getting used to tough times with another big wash out from the $60,000 area. The last one was in May 2021 and lasted into July. The latest one is deeper with an October high and a drop to $18,000. The sheer length and extreme loss of capital is a worry but there will be small rallies along the way that can maybe get the coin back to $30,000. However, the price is likely to remain choppy for a long time due to shaken trust in the market. So what is the big problem in BTC? The coin has been hit by the rise in interest rates. That brings speculative investment back to the safety of treasury bonds and it also rocked the decentralised platforms which offered alternatives to bonds.
Chronoly (CRNO) will have an opportunity to outperform any Bitcoin rally because it has newcomer advantage in the market and first mover on a world's first concept. . BTC is mature and well-defined with a solid daily trading volume. Chronoly is at the start of its own journey and the CRNO token will increase as Chronoly finds itself at the feet of new investors. The Chronoly platform for NFTs will have similar technical aspects as the crypto exchanges with historical and real-time price data, price alerts and the ability to set limit orders. Chronoly is bringing watch investing into a new age with technology that wasn't used before.
Like Bitcoin was supposed to speed up transactions and lower costs in the financial world, Chronoly can do the same for timepieces. The project will also provide the other benefits that blockchain was designed for, which includes transparency and ease of use. Investors do not need to rely on intermediaries anymore. They can trade the market 24-7 and use more reliable data. Chronoly adds to the security of the platform by storing its physical assets in insured vaults owned by some of the most respected companies in the security sector. This project has been audited to give investors peace of mind. New investors should act now to get access to the exclusive members club and have a chance at winning cash and watches in regular prize draws. Analysts are tipping this coin for big things with many predicting a further 2,000% rise before the end of presale on September 27th. Our top pick for crypto investment in June goes to, yes you guessed it right, Chronoly
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.