Interestingly, a new crypto asset, CRNO,
from luxury watch investment platform Chronoly.io, has emerged as
the potential savior for many investors who are looking to reverse their
falling fortunes. While ETH and XMR are struggling to rise, CRNO token has jumped 690% during presale, which was sold
out recently. As fresh excitement is building up for CRNO token launch on
UniSwap decentralized exchange on October 6, we take a look at how Chronoly is
poised to help investors reverse their losses from assets like ETH and XMR.
Ethereum falls 73% from ATH
Ethereum (ETH) is the world’s second
largest cryptocurrency after Bitcoin (BTC). As a blockchain project, Ethereum
is the foundation of most of the smart contract-based platforms, hosting over
40 of the top 100 cryptocurrencies in the world.
While the massive use case and investor
base of Ethereum have ensured that ETH was not wiped out during the recent
market crash, the price of this cryptocurrency has taken a beating.
As per CoinMarketData, Ethereum (ETH) is
currently trading at around $1296, which is 73.47% less than the all-time high
(ATH) of $4891 on November 16, 2021. In the last 30 days, ETH fell by over 16%
and it has been trading in the red for the last two weeks.
Monero (XMR) stares at bleak
Popularly known as the privacy
cryptocurrency, Monero (XMR) price has had an almost similar fall as ETH in the
past year. It is currently trading at $147.67, which is 71.53% less than the
ATH of $517.62 on May 7, 2021.
Monero was born as a platform that would
allow transactions to take place privately and with anonymity. Through the use
of advanced cryptography, Monero obscures senders and recipients alike. As a
result of this exclusivity, XMR has been infamously used for illicit
transactions, especially in darknet markets.
The privacy coin features of XMR have
prevented its listing on several major cryptocurrency exchanges. Moreover, with
governments’ across the world cracking down on crypto projects that are
enabling or doing illegal transactions, the future looks bleak for Monero (XMR)
cryptocurrency. Moreover, investors are also keeping away from extremely risky
and unreliable assets.
Chronoly (CRNO) may jump
Unlike Monero (XMR) and Ethereum (ETH),
Chronoly (CRNO) has brightened up crypto markets with a 690% price jump during
the recently sold-out presale. Each CRNO token was offered in the presale for
just $0.01 initially. However, the price of Chronoly’s utility token jumped to
$0.079 by the end of the presale.
CRNO token is going to be launched on
UniSwap exchange at 17:00 UTC on Thursday, 6th October 2022. It is expected the
token will surge by 3697%, to $3, from the launch price of $0.079. Analysts
believe that the CRNO token has the potential to hit a high of $8, which is
10026.6% more than the launch price.
The popularity of Chronoly token is not
driven by any social media hype or FOMO. Investors and analysts are attracted
to the Chronoly platform because it is the first 24/7 watch investment platform
in the world that allows users to own a share in luxury watches for as little
as $10 through fractional non-fungible tokens (NFT). Each NFT offered by the
platform is backed by a real watch held in a secured vault.
From October 6, CRNO token holders will
also be able to stake their tokens and earn a yield of up to 18.6% per annum in
passive income. Moreover, there will be a monthly watch lottery where a lucky
winner will be eligible to win a Rolex. Anyone can participate in this lottery
For more information about Chronoly.io