Bitcoin Cash (BCH), eCash (XEC) decline; Chronoly.io (CRNO) emerges as investors’ delight

Crypto market performance has been harsh for investors this year. After wooing investors during the unprecedented bull run of 2021, prices of most cryptocurrencies fell sharply during the recent market crash. While many cryptocurrencies are still struggling to attract investors,  tokens like Bitcoin Cash (BCH) and eCash (XEC) have been falling continuously since the start of the year. Interestingly, a new token, Chronoly.io (CRNO), has bucked the dominant downward trend in crypto assets and emerged as investors' delight during the ongoing crypto winter. Here's a look at how Chronoly.io (CRNO), whose presale phase concluded with all tokens being sold out, has dominated the growth chart compared to tokens like BCH and XEC.

Bitcoin Cash (BCH) struggles to perform

As a peer-to-peer electronic cash system, Bitcoin Cash (BCH) aims to become an alternative to the real crypto king – Bitcoin (BTC) – by offering a much faster and cheaper network. BCH earned tremendous goodwill from investors in its initial run, rising to an all-time high of $4355 on December 20, 2017. However, trade charts show that BCH has not been able to continue the growth momentum.

Currently trading at around $114.82, Bitcoin Cash (BCH) has fallen over 80% in the last 1 year. Decline in the price of Bitcoin Cash has been more pronounced this year. At the start of the year, BCH was trading in the range of $400-$440. The token's price fell to $278 in April and further to $194 in May 2022, according to data on CoinMarketCap. BCH fell below $100 in July 2022. In the last three months, Bitcoin Cash has been trading in the range of $100 to $120 and there is a very little possibility that it will go any higher soon.

eCash (XEC) takes massive fall

The rebranding of Bitcoin Cash ABC (BCHA) to eCash (XEC) on July 1, 2021 has failed to do any wonder for this crypto token. Like BCH, XEC is another crypto asset created to be used as electronic cash to pay for transactions of goods and services.

According to CoinMarketCap data, XEC token had a similar price trajectory to BCH token this year. eCash has fallen over 80% in the last 1 year. Currently trading at $0.00003858, eCash is down 92% from its all-time high of $0.0005926 on November 10, 2021.

At the start of the year, eCash (XEC) token was trading over $0.0001105 but has continued to fall throughout 2022. In May 2022, this token crashed to $0.00003224 and has not recovered much since then. With investors not showing enough interest in XEC token, eCash developers' dream to provide a robust electronic cash alternative doesn't seem to be going anywhere, as of now.

Chronoly.io (CRNO) emerges as investors' delight

Amid the global crypto market slump, Chronoly.io (CRNO) has been shining as the lone bright star. With its unique value proposition and superior performance during the nearly sold out presale phase, which concluded recently, CRNO has emerged as investors' delight. CRNO is the utility token of the world's first Blockchain-powered luxury watch marketplace, Chronoly.io (CRNO) which allows users to own a share of luxury watch non-fungible tokens (NFTs) for as little as $10.

Each NFT offered by the Chronoly.io (CRNO) marketplace is backed by a real luxury watch kept in a secured vault. Investors and analysts are confident that CRNO would outperform many popular crypto assets after its launch in the open market. During the nearly sold-out presale phase, CRNO token's price jumped 690% from $0.01 to $0.079. Investors can further increase their earning by staking the CRNO tokens. They can also trade Chronoly.io (CRNO) NFTs and show-off their ownership of luxury watches in the metaverse, which the platform will introduce in future. The real-asset backing also insulates Chronoly.io (CRNO) NFTs from sharp market fluctuations.

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

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

Twitter: https://twitter.com/Chronolyio