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The global crypto market attempted a slight recovery over the past few days after a tough bear market that led to the prices of top coins plummeting to their all-time lows. Three tokens in the radar that have enjoyed price appreciation are Shiba Inu (SHIB), Chiliz (CHZ), and Chronoly.io which surged 560% during the crypto bear market.
Will Shiba Inu (SHIB) and Chiliz (CHZ) maintain the recovery? What are experts' predictions regarding the performance of Chronoly (CRNO)? Can Shiba Inu (SHIB) and Chiliz (CHZ) catch up with the pace set by CRNO? Read on to find out!
Shiba Inu (SHIB) recovered slightly this week after facing a massive dump from both institutional and retail investors during the crypto waves that swept across the global crypto market. Shiba Inu (SHIB) is a stable meme token that took the crypto market by storm. In 2021, investors and traders rely on Shiba Inu to enjoy financial freedom, with a certain investor turning $5800 to over $4 billion in one of the most talked about success stories on the internet. Shiba Inu exploded in 2021 and attracted the attention of investors. It offers financial freedom through HODLing for one another.
With a total supply of over 500 trillion coins in circulation, Shiba Inu is accessible to everyone within the community. Despite market corrections, Shiba Inu boasts of 20,000 new users in the last month. Though the new membership base of the project is yet to reflect in the token's price point. Shiba Inu has a strong community with members promising to load up on the token. As of the time of writing this post, Shiba Inu (SHIB) trades for $0.000012 USD with a 24-hour trading volume of $505,526,884 USD, according to CoinMarketCap.
Like Shiba Inu, Chiliz (CHZ) is another token that attempted a slight recovery this week. As blockchain companies continue to innovate in order to offer more value to their uses, the sporting sector is the next in line for these companies to explore. For decades, technologies like stickers, trading cards, and collectibles have been available for sporting fans to get for their favorite team, and now they are on the blockchain through fan tokens. Chiliz (CHZ) is a project that is promoting this course with partnerships with leading football clubs like Manchester City, Barcelona, and PSG.
Chiliz's focus is to connect you with your favorite team. CHZ, the project's native token, is designed to help users virtually interact with their favorite clubs. The token can also be used to make purchases through Chiliz's native platform – Socios. You can also use CHZ to acquire rewards through challenges and token hunts. CHZ also lets you collect rewards like merchandise and tickets as one of the top fans of a football club.
Experts believe that the success that Chiliz (CHZ) has recorded can translate to a price increment in its token. As more clubs and football teams are added as fan tokens to the ecosystem, Chiliz (CHZ) is set to become the most talked-about crypto on the blockchain. According to CoinMarketCap, Chiliz (CHZ) trades for $0.132105 USD with a 24-hour trading volume of $286,080,099 USD.
Despite the crypto waves that have pruned the prices of most cryptocurrencies, Chronoly.io (CRNO) still managed to gain over 500% returns for its holders. Chronoly.io (CRNO) is a promising project that's bound to revolutionize the watch and NFT space. Aside from the crypto market, the big next market to earn substantial revenue is the luxury watch industry. Chronoly.io is an Ethereum blockchain-powered marketplace offering fractional investments in luxury watches on DeFi. Chronoly's focus is to lower the financial barrier of participating in the luxury watch investment.
The Chronoly (CRNO) team is collaborating with other blockchain projects in the Metaverse gaming niche to work on adorning users' avatars on the Metaverse with a tokenized luxury timepiece. Chronoly (CRNO) comes with real-world use-cases, prompting industry experts to predict that its price will soon hit the $1 threshold. Getting in early into this type of project will surely balance your crypto portfolio.
Chronoly.io (CRNO) is still in presale and its roadmap shows several activities for phase three, including building strategic partnerships, expanding influencer outreach, and launching a lending protocol.
Website: https://chronoly.io/
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.
