Chronocatz NFTs Can Provide Shelter from Market Storms

The market for non-fungible tokens (NFTs) has slumped from last year's bull market, but there have been signs of a bottom. Despite some good sales recently, and the stubborn prices of blue-chip collections, the price of Bitcoin is still under pressure. Outside of the crypto market, there have been problems with inflation, energy markets, and the British bond market.

Chronocatz is a new collection of 7,777 unique NFT cats that can shelter investors from a potent mix of threats. The collection is brought to the market by Chronoly (CRNO), which has launched a decentralized platform for luxury watch investing. The Chronocatz NFTs collection has unique traits, but the key is the rarity of a real-world luxury watch brand. Watch investing has been a proven investment for decades and can shelter investors from the headwinds in the crypto and traditional finance markets.

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Market Turmoil Creates Investment Risk

The cryptocurrency market has slumped since the bear market started in November 2021. This worsened in January 2022 when the U.S. central bank started raising interest rates aggressively to fend off inflation. This caused the U.S. dollar to soar and sent the price of crypto crashing with a drop in NFT sales and turmoil in DeFi projects. There is still no clear sign of a bottom in markets after some mild rallies and continued selling.

Recent news from the NFT marketplace was the SEC's probe into the Bored Ape Yacht Club collection. The regulator was studying the project to see if the release of the ApeCoin and also some airdropped NFTs were like securities and should be regulated like stocks. This could add a headwind to the market for blue-chip NFTs in the coming weeks and months. Most NFTs have no underlying tie to real-world assets and would be at the mercy of a further market downturn.

Chronocatz Can Capitalize on Flight-to-Safety

Chronocatz NFTs are launching at the perfect time with the recent bear market lows.  The collection can tap into investors' needs for diversification and security because of its connection to real world luxury timepieces. Other drivers of future gains will be the project's plans to expand into the metaverse with its luxury watches as decorative pieces for avatars. Each watch worn by each of the Chronocatz works on a tier system of 1-6 and will offer special perks on the Chronoly marketplace and ecosystem.

The Chrono Wealth Club will be open to all NFT holders, who will get early access to exclusive watch drops on the Chronoly.io marketplace. There are also options for real-world community meetings with private auctions, networking events, and parties. Luxury watches soared in value in January this year when the market panicked, and it could be the perfect investment given the current market conditions. If the SEC brings action against the BAYC collection, the value of NFTs could be hit. However Chronocatz has the underlying value of real-world watches that can prop up the price.

For more information about Chronocatz.io

Website: https://chronocatz.io/

Telegram: https://linktr.ee/chronolyio

Twitter: https://twitter.com/Chronolyio