Prevalent uncertainty and extreme market conditions have crippled several cryptocurrencies. Popular crypto projects like Filecoin (FIL) and Near Protocol (NEAR) are facing challenges that can hurt their future prospects. The bearish outlook of Filecoin (FIL) and Near Protocol (NEAR) has opened a window for their investors to look for other cryptos with bright and secured futures. Chronoly.io (CRNO) has become one of the most favoured crypto projects.
China’s Whip Hurts Filecoin (FIL)
Filecoin’s value has dipped 1.48% in the last week after a series of gains that the token witnessed in previous weeks. The fall in the price of Filecoin (FIL) came after China went hard on Filecoin (FIL) service provider company, RRMine Global, forcing the FIL miner to shut its operations in China and shift to Singapore. The all-of-a-sudden shutdown of Filecoin (FIL) mining in China has hurt the project’s growth. Besides, Singapore has also become skeptical of cryptocurrencies lately. Hence, Filecoin (FIL) needs to chalk out a sustainable plan soon to remain strong in the market. Filecoin (FIL) is currently being traded at $5.75, about 98% below its all-time high of $237.24.
Filecoin (FIL) is a blockchain-based network enabling people to rent out the extra storage space on their computers or buy storage on the network. The Filecoin network (FIL) provides a decentralized storage network on the blockchain. Filecoin (FIL) also handles the storage and retrieval of data with two verifiable protocols – the Storage Market and the Retrieval Market. Filecoin (FIL) allows people to store and retrieve data on the blockchain system.
Near Protocol (NEAR) Gets No Respite from Bears
After a brief period of bullish phase, Near Protocol (NEAR) has seen a downfall again. The price of Near Protocol (NEAR) has dropped by over 10% in the last week, prompting NEAR holders to rethink their investment in this project. The fall in the price of Near Protocol (NEAR) was caused by a steep decline in the trade volume on the platform. The trading price of Near Protocol (NEAR) is currently around $3.81.
Near Protocol (NEAR) is a blockchain-based platform allowing people to build new coins and applications. Near Protocol (NEAR) has been developed as a community-run cloud platform, which aims to eliminate problems of low transaction speeds and poor interoperability. Near Protocol (NEAR) is designed to facilitate DApp developers and users.
Chronoly.io (CRNO) Shows off Its Strong Mettle During Pre-Sale
Chronoly.io’s (CRNO) pre-sale has peaked on the growth chart. Recording a price appreciation of 690%, all CRNO tokens of Chronoly.io (CRNO) were nearly sold out during the pre-sale phase. The price of CRNO scaled from $0.01 to $0.79 in just three months.
Chronoly.io (CRNO) is an Ethereum-based digital marketplace, enabling retail investors to invest fractionally in luxury watches from high-end brands like Patek Philippe and Rolex. Chronoly.io (CRNO) purchases luxury watches from multinational brands and mints NFTs against these timepieces. The NFTs represent fractional ownership of luxury watches, allowing users to make investments for as low as $10. Chronoly.io (CRNO) token holders can also stake their tokens in Chronoly.io’s (CRNO) lending pool to generate extra income.
These NFTs have the backing of physical timepieces stored in the real world secured vaults worldwide. This process makes the price of Chronoly.io (CRNO) directly related to the value of luxury watches. Historically, luxury timepieces have seen an appreciation in their value, thus providing a nurturing and stable platform for Chronoly.io’s (CRNO) to grow.
After its launch in May 2022, Chronoly.io (CRNO) has become the talk of the town. Chronoly.io (CRNO) holders have already earned a hefty return of 690% on their investment during the pre-sale. Therefore, more investors are joining the Chronoly.io (CRNO) project, and experts predict that Chronoly.io (CRNO) will grow by 2,500%-5,000% soon.
For more information about Chronoly.io Pre-sale
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://www.thecoinrepublic.com/2022/09/28/future-of-filecoin-fil-near-protocol-near-look-grim-chronoly-io-crno-shoots-up-to-new-heights/