The cryptocurrency industry’s equivalent initial public offering (IPO) is an initial coin offering (ICO). An ICO may be launched by a company looking to generate funds to build a new coin, app, or service. For example, interested investors might buy into an initial coin offering to get anew cryptocurrency token. After the recent crypto crash, the cryptocurrency market is recovering from the losses, and investors are keen to find projects that look promising. Among those projects, Tron (TRX) and Fantom (FTM) had a weekly gain of 18.26% and 40.49%, respectively.
Early opportunists seek new ICOs to invest in and reap early profits. So what could be the best option? Chronoly (CRNO) looks likely to win the battle of the three.
Tron (TRX)
The Tron ecosystem is rising as the global cryptocurrency market becomes more unstable. Tron’s native token (TRX) and stablecoin USDT escaped the latest collapse. According to the statistics, USDT joined the top 100 cryptos just a few weeks after its inception.
Its Total Value Locked (TVL) has risen by 19% in the last day. Tron’s (TRX) TVL is worth $5.2 billion.
Fantom (FTM)
For the first four months of 2022, Fantom(FTM) purchasers actively defended the $1 psychological level. However, the lower high formation on the technical chart indicated that buyers were losing their grasp, and this support was subsequently broken on April 29. Furthermore, Fantom (FTM) saw a significant sell-off in the crypto market, increasing selling pressure and sending the Fantom (FTM) price below the lower support level. On May 12, the decline reached its previous low of $0.24 and then saw a little consolidation. Fantom (FTM) is up 14.5% in the last 24 hours and has broken through the downtrend-carrying falling trendline. However, Fantom (FTM) traders should wait for a daily candle closing above $0.42 to confirm a true breakthrough. As a result, Fantom (FTM) likely trades sideways during the coming months.
Is Chronoly (CRNO) The Best ICO To Buy In 2022
According to its whitepaper, the Chronoly (CRNO) marketplace is based on the Ethereum (ETH) blockchain. The company is already in talks with multiple metaverses to allow holders to display their watch collection digitally. The team behind Chronoly also plans to build a decentralized ledger that will enable anybody to verify pre-owned luxury watches and track their ownership history.
This is a relatively new market, and Nike recently hinted that its NFTs might be swapped for sneakers in the future. Chronoly (CRNO) has already acted and profited. Let us not forget that its sale on May 5, 2022, resulted in record numbers. In less than 22 minutes, almost 9.5 million Chronoly (CRNO) were sold. As a result, the value is expected to rise as one of the most promising blockchain prospects. Analysts are predicting a surge in the price before the conclusion of presale, with an estimated 2,500% gain from the current price.
The Chronoly (CRNO) tokens are presently in presale and selling at $0.01. Many crypto traders are optimistic about the project’s unique use of real-world assets and NFTs and may easily reach its price target of $0.50 by July 27, 2022. Because the CRNO token, also known as the Chronoly token, is based on real-world usefulness, it is likely to reach its aim of a 5000 percent increase shortly.
The growth of a project relies on the project’s potential and the problems it solves. Chronoly (CRNO) solves the following problems:
- Lowers entry barriers allow everyday people to own a piece of elite, multimillion-dollar timepieces.
- Holding a tradable digital replica of a watch backed by a physical asset offers collectors collateralized loan opportunities and unlocks liquidity.
- When a watch is validated, and an NFT is minted, all of the watch’s information is saved in the metadata for product verification and history. This can be checked openly and eliminates counterfeiting risks in used markets.
- Enabling a publicly available oracle will allow collectors, distributors, and institutions like insurers to price and value watches accurately.
Our pick of the week goes to project Chronoly! Don’t miss out on this golden opportunity.
Presale: https://presale.chronoly.io/register
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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Source: https://www.thecoinrepublic.com/2022/05/27/could-chronoly-crno-be-a-better-investment-than-fantom-ftm-and-tron-trx/