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Bitcoin (BTC), Klaytn (KLAY), and Chronoly.io (CRNO) are the three cryptocurrencies that have been under the radar of crypto enthusiasts for the last many weeks. However, the reasons why investors are looking into these cryptos are different.
Bitcoin (BTC) and Klaytn (KLAY) have been underperforming recently, prompting several investors to pull money from these projects. On the other hand, investors are convinced that Chronoly.io (CRNO) will soon become a market leader due to its unique business roadmap and distinctive value proposition. Notably, Chronoly.io's pre-sale was hugely successful, with all CRNO tokens being sold out.
The trying times of Bitcoin (BTC) seem far from over, as the cryptocurrency is continuously trading in the red zone with the growth curve moving downward. Since Bitcoin (BTC) is the largest cryptocurrency in the market, investors are worried over the current downfall of the crypto as it is reminiscent of the 2018 crash.
Bitcoin (BTC), at present, is trading at around $20,000, falling more than 70% from its all-time high of $68,789.63. Notably, this fall was around 64% a few weeks back, indicating a continuous drop. Bitcoin (BTC) buyers have been on a selling spree for a long time. During the last seven days of trading, Bitcoin (BTC) has nosedived 4.33%. Bitcoin's market cap also shrunk from $472 billion to $386 billion in only a week. This continuous drop in the value of Bitcoin has pushed many of its buyers to the point where they are shedding BTC to make room for other stable and profitable cryptocurrencies like Chronoly.io's CRNO.
Bitcoin (BTC) is blockchain-based digital money allowing decentralized peer-to-peer transactions.
Klaytn (KLAY) has been unable to find a ground to stand for quite some time. The price of KLAY has been falling for quite some time, and the probability of it bouncing back seems low. Moreover, the recent market crash has just intensified its struggle. Currently, KLAY is being traded with a price tag of $0.23, while its all-time high was $4.38.
Klaytn (KLAY) is a decentralized platform built to assist developers of metaverses and blockchain-based games. Klaytn (KLAY) aims to establish itself as a novel platform that offers real-world metaverse solutions. KLAY is the native crypto of the Klaytn network. KLAY can be used for all transactions on the platform. KLAY also powers other blockchain applications available on the network.
The oversubscription for Chronoly.io (CRNO) shows that several investors are putting their faith and money in Chronoly.io for its distinctive value proposition.
This widespread acceptance from investors has resulted in Chronoly.io's (CRNO) price to advance from $0.01 to $0.066 since its launch in May this year. Investors are confident that CRNO's value can rise by another 2,500%-5,000% in the next few months. According to market experts, Chronoly.io's (CRNO) price could reach $1.00 soon.
Chronoly.io is the first marketplace on the blockchain network where trading in luxury watches takes place. Chronoly.io (CRNO) mints NFTs of rare collectable watches and allows people to invest in them, fractionally. The fractional investment can be as low as $10. To mint NFTs and give the project authenticity, Chronoly.io (CRNO) has tied up with multinational high-end watch brands. Chronoly.io (CRNO) first procures physical luxury watches and stores them in vaults, and then mints NFTs against them.
Chronoly.io (CRNO) has planned its own metaverse, where CRNO will be used to run the ecosystem, and has associated with several metaverse developers. This approach has made Chronoly.io (CRNO) more attractive among investors. Chronoly.io (CRNO) holders can also take loans at competitive interest rates against the NFTs they own. CRNO holders are also allowed to stake their tokens to earn more. Besides, CRNO holders are eligible for discounts and monthly lucky draws.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
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.
