Place/Date: - May 27th, 2022 at 3:00 pm UTC · 4 min read
Many cryptocurrency investors have turned their financial status around by investing in well-performing digital currencies.
Filecoin (FIL) and Cronos (CRO) are two of the leading cryptocurrencies that are heavily invested in by crypto enthusiasts and investors, thanks to the digital coins’ appreciation and impressive return on investment.
Recently, though, experts are predicting that the new Chronoly token (CRNO) will surpass the duo of Cronos (CRO) and Filecoin (FIL) as the most investment-worthy digital asset. Why is this token considered a good asset to invest in?
In this article, we’ll discuss what the Chronoly token is and some of the reasons why investing in it will be a smart decision for crypto investors who like buying presale tokens when the price is still low.
Filecoin is a decentralized storage system designed for storing values and important information and data. It is also a platform for building decentralized applications where users can either rent out or buy storage space.
Unlike storage platforms such as Cloudflare and Amazon Web Services with centralization challenges, Filecoin’s decentralization makes a huge difference. It protects data location’s integrity and makes it hard to censor and easily retrievable. More so, users can be in absolute charge of their data.
Upon launching in 2017, early investors bought the Filecoin presale token for $1 per token. Currently, CoinMarketCap, listed the coin at $8.27 per token. Investors who bought $1,000 worth of the coin then would have got a digital asset worth over $8,000 in value.
The coin’s appreciation over time and its storage features and capacity are the driving forces behind its adoption and appreciation.
Cronos (CRO) is another high-performing coin whose impressive appreciation in 2021 positions it as another worthy investment option for cryptocurrency lovers. It doubles as a well-established smart contract platform and a crypto exchange.
Cronos CRO is the Crypto.com utility token that offers users fee discounts whenever they pay with the token. They can also be rewarded for staking their token, another way to earn more of the digital asset.
Launched in 2018, it has a market cap of approximately $4.8 billion and is available on several US cryptocurrency exchanges.
In 2019, CRO was sold for $0.012 per token. It has since appreciated considerably and sells for $0.1868 per token at the moment, according to CoinMarketCap. In 2021 alone, reports show that it gained some 850% in value, making it a profitable investment for investors.
However, cryptocurrency experts believe that Chronoly, a new token, will outperform Cronos and Filecoin.
Chronoly (CRNO) is a go-to token when cryptocurrency investors are looking for a safe and asset-backed token to invest in. Investors understand the importance of holding tokens backed by real assets in times when the crypto markets are bearish.
Chronoly is the world’s first blockchain exchange for authenticating and trading luxury watches. It is changing the way people invest and authenticate luxury timepieces, and is set to disrupt the $64bn watch market.
The platform mints NFTs that are backed by real watches from brands such as Patek Philippe, Rolex, Richard Mille, and several others. It breaks the minted NFT watches down into smaller fractions for investors to invest in with a token, starting from as little as $10.
Some financial experts and crypto analysts have predicted that the token will appreciate by some 500% during its presale as investors look for safer crypto alternatives. They also predicted they will see a 2,500% surge in price, thanks to its real-life use case and first mover advantage within this sector.
With the recent depegging of UST and the crash of Terra Luna, smart investors may consider adding CRNO tokens to their portfolio knowing their digital asset is connected to real-world assets.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.