Loopring (LRC), Compound (COMP) Witness Mixed Recovery As Chronoly.io Maintains Its Steady Gains

The global crypto market has lost hundreds of billions in value, with tokens like Bitcoin and Ethereum losing their value to around $22,079.37 USD and $1,536.09 USD respectively. Other cryptos have also been hit by the crypto wind. Even a popular coin like Tether couldn't survive the meltdown.

Despite the global crypto wind, there are still some viable tokens worth including in your investment portfolio. These tokens are unique and outstanding due to their massive growth, real-world use-cases, and unmatched tenacity.

These three tokens are Loopring (LRC), Compound (COMP), and Chronoly.io whose price has jumped over 560% since the start of its presale. Are these tokens worth your investment? Should you buy them to stabilize your portfolio? Let's have a look:

Where Will the Red-Hot Loopring (LRC) Crypto Go Next?

The performance of Loopring (LRC) in the last two weeks shows a higher trajectory amid a crypto rally. There are several factors pulling Loopring (LRC) higher, including Bitcoin (BTC-USD), rallying today. Typically, once the price of BTC rises or falls, other cryptos also fluctuate in sympathy with it. Experts believe that the Ethereum's (ETH-USD) upcoming Merge may also be responsible for the positive movement of Loopring (LRC).

Additionally, Loopring (LRC) is connected to GameStop, a move many investors believe will help boost its price point further. GameStop has been in the news lately for launching a novel NFT marketplace where users can buy, sell, and trade digital collectibles for a profit. Access to the marketplace is not restricted to tribe, religion, or region. As long as you are an NFT user, you can access the marketplace to make money while having fun. Loopring (LRC) has pledged its support for this marketplace, which explains why its token price is rising amid the crypto wave.

Loopring (LRC) is an open source and non-custodial exchange protocol that's built on top of the Ethereum blockchain. The project aims to allow anybody to leverage its zero-knowledge proofs (ZKPs) to create non-custodial, decentralized exchanges. The zero-knowledge proof (ZKPs) is a unique technology that ensures users are always in control of their assets.

Another reason why investors are attracted to this project is that it offers low-cost transactions. It does this by executing trades and transfer settlements off the Ethereum blockchain; thereby reducing gas usage to a fraction of what it would be on-chain. As of press time, Loopring (LRC) trades for $0.426591 USD with a 24-hour trading volume of $218,686,296 USD.

Can Compound (COMP) Surge To $100?

Compound (COMP) is a popular decentralized finance protocol built on top of the Ethereum blockchain. At its core, the project enables community governance and is one of the first projects to launch yield farming. In 2021, Compound (COMP) experienced a dramatic rally, which made it attract the attention of serious-minded investors. Despite the adverse market trends, its current price point shows a major recovery and suggests a bullish pattern boosted by unmatched tenacity and a strong growth potential.

Compound (COMP) made it to 2022 with a sterling performance, trading at $198.9. The project experienced a leg-up at the start of the year, which pushed its price point to $243.8 as of January 5th. However, the outlook was immediately short lived, as its price plummeted to $122.4 by January 22nd. The developmental team continues to innovate the project and offer value to users which made the token price surged again to $150 by February 8th.

However, the business experienced turmoil, which pushed its price point to $99 by the end of business on March 14th. The second quarter business outlook was ruthless to Compound (COMP), as the global crypto wind slashed the price by over 80%. Experts believe that if the team can maintain a bullish stand from the second quarter, the price will rally back to a $100 threshold. According to CoinMarketCap, Compound (COMP) trades at $55.48 USD at press time with a 24-hour trading volume of $132,182,929 USD.

Chronoly.io is an exciting prospect

Chronoly (CRNO) is one token that has continued to maintain a steady gain amid the global crypto wind. Chronoly (CRNO) is the world's first decentralized marketplace built on top of the Ethereum blockchain for watch co-ownership and watch authentication. This marketplace lets users easily trade, authenticate, and invest in rare and luxury watch NFTs, which are backed by a physical version of the watch held in a vault.

CRNO, the project's native token comes with lots of exciting features, including offering special access to live and virtual watch networking events in the metaverse, exclusive NFT drops, as well as other great benefits through their exclusive members only club. According to the Chronoly.io whitepaper, the developmental team plans to launch a multi-chain oracle that will not only refine the global watch market, but will enable value tracking, improved price accuracy, and pre-owned watch authentication on a decentralized ledger.

Chronoly (CRNO) is currently in presale and trades at $0.066. Many investors are bullish on the project's real-world use-cases and unique utility. If you are keen on jumping into a project that's still cheap, Chronoly.io (CRNO) will make an excellent addition to your portfolio.

For more information about Chronoly.io Presale:

Website: https://chronoly.io/

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

Telegram: https://t.me/Chronolyio

Twitter: https://twitter.com/Chronolyio