Despite recent low prices, progress never stops on promising projects. Analysts have been hunting high and low for projects that look ready for further upside as the crypto market recovers. Three, in particular, have caught their eye: Uniswap (UNI), Theta Network (THETA), and Chronoly.io (CRNO). Let's dive into the recent price movements of these three popular tokens.
As the most popular decentralized exchange built on the Ethereum blockchain, it seems like there's no stopping Uniswap. The platform continues to process over $10b in weekly transactions, and whales seem to Uniswap has a lot more room to grow.
Last month, whales bought $74.6m worth of UNI in just 17 days, according to AMBCrypto, with the number of whale addresses growing daily. And this has been reflected in UNI's price, with prices nearly doubling, growing from $5.01 to a peak of $9.83 between the start and end of July. Now, further upside is expected.
Theta Network (THETA), a decentralized video streaming and delivery network, has seen more modest gains than Uniswap recently, but now might be the time to start looking for an entry. Despite no significant news recently, Theta Network has broken out of a range to create a new uptrend, and things are only just beginning. Starting on the 2nd of August, range highs of $1.55 were broken, and prices have since started putting in higher highs and higher lows: the classic hallmark of an uptrend.
Compared to Theta Network's peak of $15.88 back in April 2021, current prices look like a heavy discount compared to its long-term future growth. As prices begin to climb, we'll likely see investors flooding in. Keep your eye on Theta this month for further gains.
The third but perhaps most exciting token on our list is Chronoly.io (CRNO). Chronoly.io is a blockchain-based decentralized marketplace that allows the average Joe to invest in the world's most prestigious watch brands, like Rolex, Patek Phillipe, and Richard Mille, from as little as $10. The luxury watch market is showing no signs of slowing down and has largely been unaffected by inflation or fears of recession.
Chronoly.io has minted several NFTs that are linked to real-world watches held in secure vaults worldwide. You aren't speculating on a piece of digital art; you're speculating on watches with a proven value that go for hundreds of thousands, or even millions, at auction.
The best part is that the project is still in its presale phase, meaning you can snap up Chronoly.io (CRNO) tokens at a hugely discounted rate. Remember how Uniswap (UNI) doubled last month? Well, Chronoly.io (CRNO) is currently sitting at $0.066, with projections of $0.5-0.75 between now and the end of September when presale ends. That represents a potential 1000%+ price increase in just over a month.
The Chronoly.io (CRNO) token can be staked for a passive income and used to receive discounted buying and selling fees, as well as enter into a prize draw to win a real luxury watch. Investors are exceptionally bullish on this utility token, and many expect a further rise this August.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.