The poor performance of cryptocurrencies in 2022 has left a lot of lessons for investors who entered the market to make quick money. Riding on the crypto wave, they hoped popular crypto assets like Dash (DASH) and 1inch Network (1INCH) would multiply their wealth faster than traditional assets. However, investors have got a reality check after the massive crypto market crash this year. They are now finding it tough to relate to the offering of projects that have no tangible assets for backup during a market downturn. There is also a visible change in investors' priority, reflected through the massive success of a new token, Chronoly.io (CRNO), during its recently nearly sold out presale phase. Investors are prioritizing real-world asset ownership over decentralized virtual assets. As they do so, here's a look why Chronoly.io (CRNO) is resonating with investors and how 1Inch (1INCH) and Dash (DASH) are battling a tough fight to attract investors.
Being the world's first 24/7 watch investment platform, Chronoly.io (CRNO) ticks a lot of boxes on investors' preference list. The platform provides an opportunity to fractionally invest in rare and exclusive timepieces from globally popular brands like Rolex, Patek Philippe, Richard Mille, Audemars Piguet and more.
Chronoly.io (CRNO) offers fractional non-fungible tokens (NFTs) of exclusive watches for as little as $10. Each NFT is backed by a real physical version of the watch, which is fully insured and stored in secured depository vaults.
Users can trade their Chronoly.io (CRNO) NFTs and gain from price appreciation. This unique offering has resulted in investors grabbing all Chronoly.io's (CRNO utility tokens during the presale. Users can also stake their CRNO tokens and earn a decent yield.
The price of CRNO has also appreciated by 690% from $0.01 to $0.079 at a time when most of the other crypto assets like 1INCH and DASH have witnessed massive falls. CRNO token holders will be able to trade their tokens in the open market soon.
The fall of 1Inch Network's crypto asset, 1INCH, has been worrying for investors. From an all-time high of $7.87 on 8th of May 2021, the price of 1INCH crashed to an all-time low of $0.5178 on June 18, 2022. Investors are also concerned as 1Inch's (1INCH) price has been falling ever since it touched the all-time high.
As a popular crypto project with current market rank of 96, 1Inch Network aims to unite decentralized protocols for fastest and protected operations in the Decentralized Finance (DeFi) space. The network offers several protocols such as DEX aggregator, Liquidity protocol, Limit Order Protocol and a 1inch Wallet. 1Inch Network is also one of the most audited projects in DeFi, offering users a high degree of security and attractive prices. However, none of these specialties have succeeded in helping 1Inch (1INCH)) find a place on investors' priority list.
By January 2022, 1Inch (1INCH) token fell to $1.68. 1Inch Network's token price dropped below the $1 mark in May and kept falling further in subsequent months. According to data on CoinMarketCap, 1INCH token is currently trading at $0.5828 and has a huge mountain to climb to regain investors' interest.
Like 1 Inch (1INCH), Dash (DASH) has also been failing to attract investors. As an open source blockchain and cryptocurrency project, DASH aims to improve upon Bitcoin (BTC) by offering stronger privacy and faster transactions.
Launched in 2014 as a fork of Litecoin (LTC), Dash (DASH) reached its all-time high of $1642 on December 20, 2017. However, it has been falling ever since. In the past year, Dash (DASH) cryptocurrency price has fallen by over 77%.
At the start of 2022, DASH was trading in the range of $140-$130 but fell below the $100 mark to reach $89 on January 25, 2022. By the end of May 2022, the price of DASH fell to $58. Dash (DASH) is currently trading at around $40.67, according to CoinMarketCap data at the time of writing.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
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