With increasing competition and perpetually plummeting markets, 2022 has been a rollercoaster for the global cryptocurrency market. Despite the challenges, some tokens have emerged victorious due to their unique offerings and strong fundamentals. Among others, Chronoly.io (CRNO) has portrayed tremendous growth potential since its presale. Launched on October 6, the CRNO token price has increased 690% through the three stages of its presale and is expected to grow by 1500-2000% in the upcoming months. The other tokens showing signs of growth include Filecoin (FIL) and Dogecoin (DOGE). Let’s look at each of them individually.
The adoption of Filecoin (FIL) accelerates ahead of the platform’s upgrade
Filecoin (FIL) is a blockchain-based decentralized storage system launched in 2017. Filecoin aims to make the internet easily accessible by enabling participants to have complete control over their data. It uses a decentralized framework that allows users to securely store their data at separate locations and quickly retrieve it without the risk of censorship or data loss. The data and contracts are encrypted using private keys. Over 20,000 users are already storing their 50 million data objects on Filecoin in exchange for the platform’s native FIL tokens.
Filecoin (FIL) has seen a sevenfold growth in 2022, with the news of its exclusive FVM (Filecoin Virtual Machine) launching in early 2023. FVM will enable developers to launch decentralized apps on the Filecoin (FIL) network. The FIL token is trading at $5.17, and is expected to show steady growth till the launch of FVM. However, analysts are questioning the sustainability of FIL’s price growth in the long run.
Reasons for Dogecoin’s (DOGE) potential bull run
The crypto world’s most popular meme coin, Dogecoin (DOGE), has been in the news for the past year due to Elon Musk’s positive statements and influence on DOGE. However, Dogecoin (DOGE) is currently experiencing a selling spree at approximately $0.06, far lower than DOGE’s all-time-high price of $0.6 back in May 2021. Dogecoin’s native token, DOGE, has been extensively used for tipping and rewarding quality content on platforms like Reddit and Twitter.
Some investors are hopeful that DOGE’s sell-offs will soon be replaced by a quick bull run as Dogecoin’s hackathon is around the corner. However, analysts and experts are still in doubt, owing to the massive volatility and uncertain market trends that Dogecoin (DOGE) experienced in the previous year. Only time will tell if the increased interest from investors in Dogecoin (DOGE) will translate into a price rally!
Chronoly.io (CRNO) has captured investor’s interest with its ever-growing demand
Cronoly.io (CRNO) recently launched a luxury watch-based NFT trading and investment platform that enables users to buy, sell or hold fractional investments (from as low as $10) in luxury watches ranging from Rolex to Patek Phillippe. Investors can redeem these NFTs/holdings for physical luxury watches and get them shipped to their doorstep from Chronoly’s vault. Moreover, investors can seek credit at competitive rates against their holdings within Chronoly.
CRNO token holders can enjoy flat 30% discounts on Chronoly’s storage fee, transaction fee, and membership fee.
The asset-backing feature and multi-utility CRNO token have impressed many investors, leading to a 690% price gain through the three stages of CRNO’s presale, which concluded as the tokens sold out. Since its launch, CRNO has been trading in the green. CRNO’s current price is $0.11. Analysts have predicted the price of Chronoly.io (CRNO) to soar as high as $8 in the upcoming months.
For its investors, Chronoly is also conducting monthly lotteries, which are free to participate in, where the participants can win a Rolex. Lastly, Chronoly.io (CRNO) also allows investors to stake their tokens and earn up to 18.6% APY as passive income.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
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Source: https://www.thecoinrepublic.com/2022/10/20/three-tokens-that-are-all-set-to-soar-filecoin-fil-dogecoin-doge-and-chronoly-io-crno/