The market has not favored several cryptocurrencies in the last few months. Crypto projects like the Zcash network (ZEC) and TRON (TRX) have been losing their value continuously. Meanwhile, Chronoly (CRNO) has become the favourite of crypto pundits. With a nurturing and stable business roadmap, Chronoly.io’s CRNO tokens have only been moving in the direction of the sky. After all its tokens were sold out during the pre-sale phase, pushing the price of CRNO up by 690%, Chronoly (CRNO) is set for a public launch on the UniSwap exchange.
Zcash Network (ZEC) Loses Its Resilience
The Zcash network (ZEC) has been unable to keep up its growth momentum, resulting in a fall in its overall price. Notably, the Zcash network (ZEC) rallied briefly last month to reach $66.89 before falling again to the current trading price of $56.50. This uneven performance has resulted in a drop in the Zcash network’s monthly price chart. However, the value of the Zcash network (ZEC) had started falling before the market crash in 2022. The current trading price of the Zcash network (ZEC) is $56.50, more than 99% below its all-time high of $5941.80.66.
The Zcash Network (ZEC) is a blockchain platform promising absolute anonymity and privacy to its users and their transactions.
TRON (TRX) Rolls Down The Slope
Still trapped in a bearish phase, The price of TRON (TRX) has decreased by over 3% in the last 30 days. However, TRON (TRX) witnessed a meagre increase of 1.23% last week. Currently, the trading price of TRON (TRX) is $0.06, which is around 80% below its all-time high of $0.30.
TRON (TRX) is a blockchain-based decentralized version of the internet, aiming to help its users control and monetize their content. The primary goal of TRON (TRX) is to eliminate the need for a corporate middleman like Facebook, and enable content creators to receive funds directly from the consumers of content. However, when the crypto market crashed, the overall trade volume on the platform tumbled, causing a steep fall in the price of TRON (TRX).
Chronoly (CRNO) Destined To Reach $8 Price
Chronoly’s CRNO tokens will be launched at the exchange with a price tag of $0.079. Moreover, Chrnololy’s CRNO token is expected to get valued at $3 after its launch on the exchange. CRNO tokens will be launched on the UniSwap exchange at 17:00 UTC on October 6. Chronoly is the first-of-its-kind digital platform that allows people to make fractional investments in luxury timepieces.
Chronoly’s CRNO holders become partial owners of rare collectable timepieces by purchasing NFTs of luxury watches. Chronoly purchases and stores these luxury watches in secured vaults to provide backing to its CRNO tokens. Chronoly users can invest in these NFTs, starting from as low as $10.
These stored watches back Chronoly’s NFTs, ensuring are constant growth in CRNO’s price. The demand for luxury watches keeps increasing, and so do their prices. Since the price of CRNO is linked to the value of luxury watches, users are confident about Chronoly’s value appreciation. Chronoly’s whitepaper states that the market of luxury watches is set to book a profit of $49 billion in the coming years.
CRNO holders can also stake their tokens in Chronoly’s lending pool from October 6 to generate extra income, up to 18.6% annually. Chronoly (CRNO) will also draw a monthly lottery, where the winner will get a Rolex watch. There is no fee to participate in the lottery. Market experts believe that CRNO has the potential to reach the price tag of $8 soon.
For more information about Chronoly.io
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