Chronoly (CRNO) token price increases while KuCoin (KCS) and Dash (DASH) hit new lows

Although the bear market in the cryptocurrency space is still in full swing, there have been some gainers since the beginning of this month. For instance, the asset-backed token, Chronoly (CRNO), saw pre-launch gains of 690%. However, other tokens like the payment-based cryptocurrency, Dash (DASH), and the native token of the KuCoin exchange, KCS, have failed to deliver.

In this blog, we will discuss the present situation and what the future holds for Chronoly (CRNO), Dash (DASH), and KuCoin (KCS).

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KuCoin (KCS) deep down in losses for a year

KuCoin Token (KCS) is the KuCoin platform's native token, which facilitates a revenue-sharing arrangement between KuCoin and its users. KCS was first released as an Ethereum-based ERC-20 token that offered KuCoin holders a passive income stream. However, the KCS token has failed to provide a worthwhile return on investment, especially this year.

Towards the end of 2021, KCS showed a probability of an increase by reaching an all-time high of $28.80 in December. However, as soon as 2022 began, the token price started to decrease and hit a low of $15.02 in January. Since then, there have been very few times when the price has risen again. It is currently down by more than 65% from last year's high and is trading at $9.69, at the time of writing. According to analysts, KuCoin may be a "poor long-term (one-year) investment," who forecast its price dropping to $3.85 in 12 months.

Dash token drops by more than 80%

Dash is a cryptocurrency that was forked off the Bitcoin blockchain. Dash was created to facilitate low-cost quick transactions and a quick governance framework. Although the Dash (DASH) token's price rose in early 2021 along with the rest of the cryptocurrency market, it hasn't been able to surpass its all-time high since. The Dash (DASH) token has seen a sharp decline in price over the last year, falling more than 80%.

The token was trading at an all-time high of $234.44 in the last few months of 2021 but has since plummeted to just $40.88 at the time of writing. For over three weeks, the coin's price has been between $42 and $39, with $42 serving as resistance and $39 as support. These price declines come as the DASH (DASH) token has been facing increasing regulation and scrutiny. Such concerns have led to a number of exchanges delisting or suspending trading of the Dash (DASH) token. The long-term forecast for DASH is bearish, say experts.

Chronoly (CRNO) token prices surge after their launch

Trading and investing in the luxury watch market has been revolutionized by Chronoly (CRNO). Chronoly (CRNO) is an Ethereum-based marketplace where investors may buy a fraction of a rare, collectible watch that is backed by a physical copy in a secure, offline storage facility. The Chronoly marketplace also features non-fungible tokens (NFTs) for watches from illustrious brands such as Rolex, Patek Philippe, and Audemars Piguet, with minimum investments starting at just $10.

Despite the extreme volatility of the cryptocurrency market, there are tokens like Chronoly (CRNO) that have succeeded. Chronoly's token price has increased by 690% since the conclusion of its pre-sale, and the project hopes to provide token holders with a return on investment of over 1000% soon. Chronoly's CRNO tokens were listed at $0.079 at launch, and according to some analysts, that number might rise to $3 in the coming weeks and $8 in the approaching year.

For more information about Chronoly.io

Website: https://chronoly.io/

Telegram: https://linktr.ee/chronolyio

Twitter: https://twitter.com/Chronolyio