It's time to accept that the Crypto market is undergoing a recession period. We have seen over $200 billion in value lost in the Crypto world. Bitcoin (BTC) has fallen to a new yearly low of $26,500 and is predicted to fall further to $25,000. Ethereum has burned over $180 million of value in NFT sales.
During these mishaps, some lesser-known gems are surfacing. These include Solana (SOL), Avalanche (AVAX), and many others. You might know of these tokens as competitors against the giants in the crypto world. However, three others have maintained a steady grasp.
These are FTX Token (FTT), Cardano (ADA), and Chronoly (CRNO) which are still in their presale. The three tokens have managed to prove that they might be recession-proof. Let's dig in a bit further to find out how.
There's no doubt that FTX Token (FTT) also saw a reduction in overall value. The FTX Token (FTT) has used the negative trend to empower itself. It noticed an inflow of over $38 million in investment. The growth in the FTX Token (FTT) started after 7th April.
Several whales have managed to conduct millions of dollars worth of transactions on the FTX Token (FTT), which has led it to regain its value. The price has grown, and while the all-time low is $31.44, it is steady on and around the $32 mark as of 13th May, which has been its signature. Thus, proving that it could remain recession-proof.
Cardano (ADA) uses proof-of-stake (PoS) Oroboros. NFT games and other Metaverse projects have made staking popular. It is a process where you stake or lock away a fixed number of tokens to gain steady returns. You could call it something similar to investing in IPOs on the Stock Market. You could also call it the Crypto Market with a fixed reward pool, which increases with more stakes.
Therefore, if Cardano (ADA) keeps on accumulating more investors, it shouldn't decline. Instead, it should maintain a lucrative return on investment. Investors can benefit greatly. Cardano (ADA) has also skyrocketed to be among the top twenty cryptocurrencies, giving intense competition to Avalanche (AVAX) and Ethereum (ETH)
With a recession on the cards, many investors are now looking for safer investments that are backed by real physical assets or use cases. Chronoly (CRNO) is a decentralised marketplace that enables people to trade tokens and NFTs which are 100% backed by luxury watches.
Each NFT on the Chronoly ecosystem is backed by a real version of the watch and then fractionalised making it easy for the everyday investor to own part of luxury timepieces like a Rolex or a Patek Phillippe. Users can stake their tokens and earn a passive income or simply use their NFTs or tokens to redeem the luxury watch out of the Chronoly vault.
Being in phase one of its presale Chronoly has had some remarkable results proving that investors are looking for more secure investments within the crypto space. Their presale is still in phase one with the starting price at $0.01. Analysts who have studied the project predict the price to rise more than 500% during their presale period alone showing it's still possible in a bear market to make significant returns in the crypto space.
Presale: https://presale.chronoly.io/register
Website: https://chronoly.io/
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.