2022 Bear Market September Update: EOS Token Continues Falling, Chronoly.io (CRNO) and Synthetix (SNX) Appears Bullish

The bearish sentiment of the crypto market has caused several top performing cryptocurrencies, like EOS, to fall in value. Investors are using this period to scour for unique crypto projects that can return a high value in the long run. Chronoly.io (CRNO) is one such project that has completely sold out in its presale stage, attracting the attention of top market analysts. Synthetic (SNX) is another crypto, predicted to be bullish in the near future.

EOS Token Fails to Stabilize in 2022

EOS, also known as the “Electro-Optical System,” was launched in June 2018, as an open-source platform designed to allow developers to build decentralized apps (dApps). EOS is the cryptocurrency that drives this network. EOS token was dubbed as the “Ethereum Killer,” since the EOS network claimed to perform 100,000 transactions per second (TPS) as compared to Ethereum’s current 15-30 TPS. EOS is going through an existential crisis, with a current price of $1.64, which is 92.81% below its all time high of $22.89.

Chronoly.io (CRNO) Reaching a Growth of 5,000%

Chronoly.io (CRNO) is the world’s first luxury watch NFT platform backed by real world timepieces from high-end brands like Rolex, Richard Mille, and Patek Philippe, amongst many others. Chronoly.io (CRNO) has nearly completed its presale stage, where its CRNO tokens have nearly sold out. Additionally, Chronoly.io (CRNO) witnessed a growth of 690% in the presale stage, which corroborates an increase in investor attention for this project. Inching closer each day towards its predicted growth of 5,000%, top market analysts predict this token can be the next 1000x crypto. Though Chronoly.io (CRNO) was launched recently, in May 2022, its token price has increased from $0.01 to $0.079 during the pre-sale stage due to significant investor enthusiasm.

Chronoly.io’s (CRNO) unique business model allows traders to purchase a fraction of a luxury watch NFT, for as low as $10. They can even purchase 100% of the NFT to redeem the rare timepiece from Chronoly.io’s (CRNO) secured vaults. The project assures traders of the authenticity of these timepieces that are passed through stringent quality checks. Chronoly.io (CRNO) plans to launch “Chronoverse,” as a rival to the metaverse, and get CRNO listed on major crypto exchanges.

Synthetix (SNX) Predicted to be Bullish in 2022

Synthetix is an Ethereum-based protocol that issues synthetic assets, which are financial instruments like cryptocurrencies, inverses, indexes, gold, etc, in the form of ERC-20 smart contracts. These assets, known as “Synths,” track and provide the returns of another asset, without the need for an investor to hold the asset. The Synthetix Network Token (SNX) is Synthetix’s native token, which provides collateral against the issued Synths.

In June 2022, the Sythetix network’s trading volume increased by 657%. In the same month, the Synthetix protocol raised over $1.02 million in trading fees. This overshadowed Bitcoin’s (BTC) daily performance by five times. The SNX token observed a momentary surge of 105%, increasing its value to over $3.00. The current price of the Synthetix (SNX) token is $3.10, which is down 89% from the previous all time high of $29. However, market analysts predict that Synthetix (SNX) price will reach $24 by 2024.

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Presale: https://presale.chronoly.io/register

Twitter: https://twitter.com/Chronolyio

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