Chronoly.io Token Up 660%, Stellar XLM And Avalanche AVAX Prices Consolidate

The last few weeks have not been in favour of the overall cryptocurrency markets. Several market-leading cryptocurrencies' values have nosedived drastically. Bearish market sentiments and turbulent global events have just aggravated the situation. However, in these challenging times, Chronoly.io has not only emerged as a rare gainer but is also growing at a fast pace. Notably, the value of Chronoly's token CRNO has surged 660% during its presale. Meanwhile, the prices of Stellar's XLM and Avalanche's AVAX have registered a consolidation.

Chronoly's stability and transparency allure investors

Investors across the globe like to invest in assets that offer stability, guarantee, and transparency. Hence, crypto projects like Chronoly.io have emerged as a hot product among them. Chronoly.io is the first-of-its-kind fractional watch investment marketplace built on the Ethereum blockchain.

Chronoly.io started its presale in May at a price of $0.01 and has been able to fetch a whopping investment from users since then. As Chronoly solves a problem that persists with most cryptocurrencies in the market, i.e. not being backed by any real-world asset, investors from other cryptos have been shifting to Chronoly. Thus, Chronoly's CRNO token surged by 660% during the crypto crisis.

Chronoly.io mints NFTs of rare luxury watches like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet, and these NFTs are 100% backed by real assets held off-chain. This way, investors are assured of a guaranteed and stable return on their investment. In fact, if an investor acquires 100% of the real-world NFT of a watch, they can redeem it for the physical watch. Moreover, investors can purchase NFTs (Non-fungible Tokens) of the watches for as little as $10.

The Chronoly native token CRNO is the currency that powers the Chronoly.io ecosystem. It is noteworthy that at this time when conventional cryptocurrencies are facing erosion in their user base, the price of CRNO tokens has already risen by 660% since its launch. Besides, analysts are expecting an increase of over 2,500% in the price of Chronoly's CRNO token before the end of the presale.

Stellar XLM anticipates gains after the price consolidation

In a respite, the price of Stellar's XLM has consolidated after suffering a steep fall in recent days. Following the price consolidation, Stellar's XLM can attract investors to put it on a bullish track. An increased investor base can help the token regain its market strength in the coming days.

However, the existing bearish outlook of Stellar is likely to remain for some more time as the current trade volume is low. Notably, XLM's market cap has dropped to $3.5 billion from $10.5 billion.

With its native token Lumen (denoted by XLM), Stellar is a payment protocol-based cryptocurrency that allows cross-border transactions between different currencies.

Avalanche AVAX eyeing upward growth after consolidation

Avalanche AVAX's value is eyeing to gain positive momentum after braving a rigorous phase of fall. Its recent daily price chart has shown some positive trends; however, it needs to keep the upward momentum going to gain some positive return from the consolidation phase it currently is in. AVAX's price consolidation is in the range of $13.85 and $22.44. However, just like Stellar's XLM, AVAX needs to attract investors in order to survive the gloomy market sentiments.

Avalanche is a blockchain-based platform built for dApps and smart contracts. Its native token is AVAX, and its primary goal is to make crypto transactions seamless and less expensive. Avalanche's USPs is its three-blockchain architecture and proof-of-stake consensus protocol.

For more information about Chronoly presale:

Website: https://chronoly.io/ 
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio