It’s never too late to jump into the crypto bandwagon, even though the market has been on a downtrend lately. Crypto prices can fall and rise within seconds depending on a number of factors, including news events, Federal Reserve actions, and investors’ sentiment. However, despite their volatility, investing in cryptocurrencies presents an opportunity for you to earn good returns on your investments.
As cryptocurrencies continue to gain wider acceptance, experts believe that crypto projects will become more stable over time. Considering the present-day bear market, investors are looking for a reliable option to include in their portfolios. Bitcoin Cash (BCH) and Wrapped BTC (WBTC) looked promising but have seen massive price plunge in recent weeks. On the other hand, Chronoly.io (CRNO) presale sold out, attracting over 690% growth rate despite the bear market. Chronoly.io (CRNO) has given investors hope.
Let’s see how these tokens fare on the crypto market and the journey so far.
Chronoly.io (CRNO) Spikes in the Recently Concluded Pre-Sale
The uniqueness of Chronoly.io (CRNO) and the potential to overtake Bitcoin Cash (BCH) and Wrapped BTC (WBTC) has been lauded by the crypto community. Chronoly.io (CRNO) enjoyed early success and created major milestones within the short period it was launched, and is poised to continue this trajectory in the coming weeks. Chronoly.io (CRNO) is a marketplace built on the Ethereum blockchain that allows investors, traders, or crypto enthusiasts to buy, sell, and invest in fractions of rare and collectible watches from renowned brands such as Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet by issuing asset backed NFTs. Each watch sold on the platform is fragmented and connected to the real world, allowing you to physically feel your assets.
Chronoly.io (CRNO) has a unique feature of allowing investors to digitally verify the authenticity of pre-owned luxury watches using Chronoly.io’s (CRNO) decentralized ledger on the Ethereum blockchain. It has a native token, CRNO, which serves as the marketplace’s currency. Chronoly.io (CRNO) holders enjoy a wide range of benefits, including receiving discounts and participating in reward pools. Experts believe that Chronoly.io (CRNO) will continue to attract big-time investors, which will positively affect its price point.
Bitcoin Cash (BCH) Targets Institutional Investors Amid a Bear Market
Bitcoin Cash (BCH) stormed the crypto market with lots of exciting potential, but for the global crypto crashes, the token nosedived alongside major projects like Bitcoin (BTC) and Ethereum (ETH).
On August 1, 2017, Bitcoin Cash (BCH) traded at around $240 but later rose to its all-time high of $4,4355.62 on December 20, 2017, with an ROI of 1714.84%. The coin eventually fell to an all-time low of $75.08 on December 15, 2018 during the bear market. However, within 4 months of its existence, Chronoly.io (CRNO) has been able to sustain a 560% growth rate amid the market crashes, suggesting that Chronoly.io (CRNO) might possibly match the performance of Bitcoin Cash (BCH).
Bitcoin Cash (BCH) is a cryptocurrency that shares many similarities with Bitcoin (BTC) and also has a number of features that make it unique. Bitcoin Cash (BCH) is considered a “fork” of the original Bitcoin. It is open to anyone; meaning, nobody controls or owns Bitcoin Cash (BCH). You also do not need to seek any permission to leverage the token. As of the time of writing this post, Bitcoin Cash (BCH) trades for $119.13 USD with a 24-hour trading volume of $226,410,193 USD.
Wrapped BTC (WBTC) Edges Towards Positive Growth
Chronoly.io (CRNO) could be the next Wrapped BTC (WBTC) if the team can sustain the current growth trajectory.
According to CoinMarketCap, Wrapped BTC (WBTC) traded for $3,330 as of February 6, 2019 (its all-time low) but later experienced an all-time high $162,188.26 on November 16, 2021. That gave the investors of the coin an ROI of about 4,770%. On the other hand, Chronoly.io’s (CRNO) recent performance during the just concluded pre-sale shows that the latter could just be the next Wrapped BTC (WBTC). But how far it is able to achieve this laudable feat, only time shall tell.
At its core, Wrapped BTC (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. One of the significant advantages of Wrapped BTC (WBTC) over other similar tokens is its integration into the world of Ethereum wallets, smart contracts, and Dapps. One Bitcoin (BTC) can be easily converted to one Wrapped BTC (WBTC) and vice-versa through a WBTC partnership.
The Wrapped BTC (WBTC) team developed the token to enable Bitcoin holders to participate and benefit from decentralized finance apps on Ethereum. Wrapped BTC (WBTC) is verified through a proof of reserve system and is maintained by a group of 30 experts. known as the WBTC DAO. The group was originally started by Kyber, Ren, and ButGo.
At press time, Wrapped BTC (WBTC) trades for $18,811.20 USD with a 24-hour trading volume of $266,883,488 USD.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
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Source: https://coinpedia.org/press-release/chronoly-io-presale-sells-out-could-it-be-the-next-bitcoin-cash-or-wrapped-btc/