Big Profit Potential with Avalanche (AVAX), Solana (SOL) and Chronoly.io

Decentralized finance projects have been badly affected by the recent cryptocurrency bear market and investors are wary about their next investments. Investor appetite faded for Avalanche (AVAX) and Solana (SOL) but the projects can recover to lead the way again in decentralized finance.

Another project that is attracting investor attention is Chronoly.io. The project also offers decentralized finance options with a staking and lending facilities and it also boasts NFTs which are backed by luxury timepieces from the likes of Rolex and Audemars Piguet.

Avalanche (AVAX) Lives Up to its Name with Price Tumbling

Avalanche (AVAX) was hit badly by the recent cryptocurrency downturn which was hard on decentralized finance projects. Avalanche traded at highs of $134 back in November of 2021, but the price has fallen to only $14.83. That was exacerbated by the troubles in the Terra LUNA project as investors got spooked by the frailty of a previous market leader.

Despite the downturn, the project should recover and one crypto whale investor has taken the plunge into Avalanche with an investment of 10 million AVAX worth $224 million. Avalanche recently launched further Chainlink services on its network and the project will continue to develop in order to attract future investment flows.

Solana (SOL) Another Big Loser in the DeFi Rout

Solana (SOL) was another big loser in the market downturn with the project seeing highs of $250 in late-November, only to collapse to a current price of $28.00. These projects have seen investors pulling their funds due to a collection of fears. Soaring interest rates are reducing speculative capital, while some investors fear government encroachment into decentralized finance. Solana (SOL) has had a rough time after being one of the market darlings of 2020-21 but the project still boasts one of the fastest blockchains and the project could offer big recovery gains to investors who don't mind weathering the crypto storm.

Chronoly (CRNO) is Likely a Safer Route to DeFi Gains

The Chronoly.io project is based around a decentralised marketplace where NFTs are backed against luxury watches such as Rolex. The market for luxury watches has been strong for decades and has outperformed many other asset classes including real estate and the Dow Jones.

Chronoly's marketplace for NFTs is a valuable asset-backed option in an investment world where capital is becoming more expensive. The Chronoly CRNO token could be a perfect investment for DeFi enthusiasts because investors will be drawn to the tangible assets backing the ecosystem, however, the project also allows investors to stake their CRNO tokens for an passive monthly income. That could lead to the project's market cap increasing due to the amount of money locked on the Chronoly chain.

The troubles at other DeFi projects have been caused by a lack of investor trust and short-term capital flows. Chronoly (CRNO) will attract longer-term investors who appreciate the time scale required for watch investments. There was also a lack of trust in projects after the collapse of Terra but Chronoly.io is not trying to sell risky assets such as a algorithmic backed stablecoin. The price of NFTs will be underpinned by physical watches and cannot lose their peg.

Analysts are bullish on the growth prospects of the Chronoly CRNO token because of it's disruptive technology and unique use case. With a token starting price of $0.01 many industry insiders are predicting big gains of up to 50x in this project.

More Information About Chronoly,io Presale Here:

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Presale: https://presale.chronoly.io/register

Twitter: https://twitter.com/Chronolyio