Place/Date: - October 14th, 2022 at 12:43 pm UTC · 4 min read
The highly volatile crypto market still boasts of a token like Chronoly (CRNO) that has managed to weather the crypto storm without losing its value. The duo of Biswap (BSW) and Terra Classic (LUNC) have witnessed massive dumps by their holders in recent times due to the bearish outlook of the crypto market. These two projects are backed by reputable individuals and influencers offering exciting use cases.
Since the market is highly volatile, it is a no-brainer for investors to jump ship in search of projects that can beat the bear market, and that’s why they are purchasing more Chronoly (CRNO), following their successful pre-sale that sold out.
Read on to find out the reason behind the ship jumping and other developments on the market.
Constant crypto crashes have taken a toll on not only Bitcoin, but also on smaller projects like Biswap (BSW). The market downturn has made token holders dump the project for a viable alternative like Chronoly (CRNO). However, the developmental team is working round the clock to reverse the narrative. First, it has partnered with reputable influencers to promote the brand to appeal to younger investors. Secondly, the team plans to list the native token, BSW, on multiple decentralized exchanges. The essence of the listing is to encourage mass adoption by investors from across the world.
At its core, Biswap (BSW) is a decentralized exchange that’s built on the Binance Smart Chain to help crypto users easily swap tokens. Biswap (BSW) has a low crypto trading fee of 0.1%. At the time of writing, Biswap (BSW) trades for $0.263081 USD with a 24-hour trading volume of $5,945,816 USD.
Terra Classic (LUNC) experienced a boost from new users in the first quarter of 2022, until the bear market struck the global crypto market. As with Biswap (BSW), Terra Classic (LUNC) holders have also joined investors jumping ship to join the Chronoly (CRNO) bandwagon due to the monumental growth experienced by Chronoly.
Luna Classic (LUNC) is the original Terra Luna coin left behind following the launch of a new Terra chain after the recent UST/Luna collapse. Despite the move by Terra Classic (LUNC) holders, the project’s CEO has assured the remaining investors still in the network that the bear market is temporary and that LUNC token will recover once the market rallies.
At the time of writing, Terra Classic trades for $0.000297 USD with a 24-hour trading volume of $286,803,165 USD.
Despite the dip in the global crypto market, Chronoly (CRNO) has been more successful than the duo of Biswap (BSW) and Terra Classic (LUNC). The reason for the success is not far-fetched: Chronoly (CRNO) is a project that is backed by luxury watches. Timepieces have been proven to be a good hedge against inflation.
Timepieces usually shine during government upheaval and war, and the Chronoly team decided to invest in this space. Chronoly (CRNO) is an Ethereum-powered marketplace that launched on October 6 on Uniswap. The marketplace will allow traders and investors to buy, sell, and trade in rare luxury watches from popular brands like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet, with as low as $10.
Since its inception, Chronoly (CRNO) has grown by over 690%, attracting the attention of both institutional and retail investors from across the world. The Chronoly team recently completed and sold out its ICO. With this milestone achieved, the Chronoly team is doubling its efforts to provide users with the opportunity to earn membership benefits and prizes in a monthly lottery.
For more information about Chronoly.io: Website, Socials.
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