Cryptocurrency

The 3 Next Altcoins Tipped To Pump, Chronoly.io ApeCoin And Tron (TRX)

Market Trends

Investing isn't solely about money, it's also about timing. Time is precious for all of us and none of us wants to waste time on an investment that won't pan out. So, when researching investments, it pays to examine which ones are worth your valuable time as well as your precious money. Here are three coins that analysts think will pump in the next week: Apecoin (APE), Tron (TRX), and Chronoly.io which is already up 60% this week.

The Chronoly.io token (CRNO) is looking like a winner

Chronoly.io is the world's first platform for fractionally buying, selling, and trading luxury watches on the Ethereum blockchain. The platform allows users to trade non-fungible tokens (NFTs) which are fully backed by the real version of the watch, which is stored in a vault.

Important details such as watch authenticity, price, and ownership history can be traced on a decentralized tamperproof ledger, as all of these details are stored in the metadata of the NFTs. This not only eliminates fraud and counterfeiting but always enables a transparency pricing mechanism. Chronoly.io also plans to make its first appearance in the metaverse, by partnering with metaverse worlds and metaverse game developers.

The price of the Chronoly CRNO token, which powers the marketplace, is expected to increase by more than tenfold within the next few weeks. This is due to the fact that their platform combines web3, non-fungible tokens (NFTs), and blockchain technology into a single ecosystem, with a concept that bridges the gap between digital and real-world assets.

At the time of writing, one Chronoly CRNO token can be purchased for $0.066, but that number is expected to rise to $0.5 once the presale closes and the tokens are officially released on exchanges. For those who like to buy into projects early the one way to buy Chronoly tokens is by visiting their official presale website here: Website: https://chronoly.io/ or visit their Telegram: https://t.me/Chronolyio

Apecoin (APE) has room to grow

There is an optimistic sentiment among large wallet investors on the Ethereum network towards the price of ApeCoin. Whales have been diligently stockpiling the NFT coin in preparation for Ape Fest '22, which is set to take place on June 20, 2022.

ApeCoin (APE) has formed a strategic partnership with tokenproof, an application that allows owners of NFTs and other assets to verify their ownership of those assets while the assets are being safely stored in cold storage. The cooperation between ApeCoin (APE) and NFT token makes it possible for the NFT token to verify ownership and distribute tickets to Ape Fest '22.

One of the most prominent platforms for cryptocurrency analytics, WhaleStats, monitors the top 100 Ethereum whale addresses. According to the findings of WhaleStats, large users of the Ethereum network have shifted their focus to NFT tokens. Whales are now stockpiling a variety of tokens, including ApeCoin (APE). Analysts believe that the price of ApeCoin has further room to grow.

Tron (TRX) has a lot of locked-in value

When one examines the Tron (TRX) ecosystem in greater detail, one discovers that more than half of the available capital is held within the decentralized finance lending and borrowing protocol JustLend (JST). The website of the service divulges the information that owners of Tron's algorithmic stablecoin Decentralized USD (USDD) are eligible to get an annual percentage yield of more than 23 percent if they choose to secure their cryptocurrency asset with JustLend.

According to information compiled by DeFi Llama and CoinGecko, the meteoric rise in Tron's TVL seems to have occurred at the same time as the expansion of USDD's market cap. Since May 13th, when it was worth $3.73 billion, the total value locked in for Tron (TRX) has skyrocketed to above $6 billion today. During the same time frame, the market capitalization of USDD increased from $269 million to over $602 million at the time of writing, representing a rise of 123 percent in only a little over two weeks.

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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.

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