The crypto market is getting back on track with leading projects posting growth after a long time. Ethereum (ETH) is one such project that has bounced back after being in the red for quite some time. It is a project whose success and failure affects the market profoundly. Thus, it is a glimmer of hope for the market that Ethereum (ETH) is registering some positive growth.
At the same time, surprising everyone with its success, is a new project, Chronoly.io. Chronoly.io’s (CRNO) was launched in May 2022 with a price tag of $0.01, but only a few people would have guessed then that the project was going to touch the sky very soon. Chronoly.io (CRNO) has registered a growth of 560% during its pre-sale phase.
Ethereum Posts Positive Growth As Market Trade Rises
The recent market downfall had created havoc in the crypto world as it jolted several critical projects, including Ethereum (ETH). Ethereum (ETH) is not just a cryptocurrency but a network on which several crypto projects operate. Therefore, the market suffered a severe shock after the price of Ethereum (ETH) started to fall because it also took down several other projects dependent on it.
However, after suffering a slump in prices, Ethereum has rebounded with some substantial gains. Investors are happy with this increase and wish for the token to reach its all-time high of $4891.70 soon. Currently, ETH is being traded at $1650.96.
Ethereum is an open-source blockchain network that has its own cryptocurrency, ETH. As per the promoters of Ethereum, the project wants to become a universal platform for dApps.
Ethereum (ETH) has the biggest market capitalisation after Bitcoin. It is also a decentralized network that runs various applications, including those related to decentralized finance (or DeFi) apps and services.
Chronoly.io On The Path To Become A Market Titan
Soon after its launch, Chronoly.io (CRNO) stormed the crypto world with its extraordinary growth, prompting many analysts to compare it with the industry’s titans like Bitcoin and Ethereum. Chronoly.io (CRNO) token recorded a massive success during its pre-sale phase and emerged as one of the brightest stars during the market’s darkest time.
Chronoly.io (CRNO) is the first-of-its-kind investment platform where people can make a fractional investment in luxury watches from several high-end brands, including Richard Mille, Rolex, and Patek Philippe, among others. To provide people with an opportunity to own luxury watches, Chronoly.io (CRNO) mints NFTs of rare collectable timepieces. It promotes co-ownership of rare, luxury watches by allowing people to invest in timepieces for as low as $10. People can also own a whole watch or take possession of the physical version of the timepiece by purchasing 100% of the NFT.
Since Chronoly.io mints NFTs of the watches after procuring their physical version, all its NFTs are backed by real-world physical assets. It provides stability to the price of Chronoly.io (CRNO) and security to investors’ money, all with a promise of growth because the value of luxury watches keeps increasing.
The watch market is expected to record a profit of $49 billion in the coming years, as mentioned in the whitepaper of Chronoly.io. Chronoly.io (CRNO) holders can also take out loans against their watch NFTs. Holders can even stake their CRNO tokens to yield a passive income.
Chronoly.io has been on a record-breaking run during its pre-sale phase. Its price has leapt from $0.01 to $0.066 in just three phases of the pre-sale, with one more phase yet to come. Above all, experts have predicted that Chronoly.io (CRNO) can touch the milestone of $1.00 in the next few months while going up by 2,500%-5,000% soon.
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