The Crypto Market Rebounds with Cardano (ADA) and Chronoly (CRNO) on the Rise

Place/Date: - June 8th, 2022 at 7:51 pm UTC · 3 min read
Source: Chronoly

The Crypto Market Rebounds with Cardano (ADA) and Chronoly (CRNO) on the Rise

The cryptocurrency market has finally seen a rebound from the recent bear market and Cardano (ADA) and Chronoly (CRNO) are two projects on the rise.

Cardano (ADA) was the top-performer amongst the majors, while Chronoly CRNO) has a chance to shoot up the crypto ranks after seeing a 400% rise from its pre-sale ICO. Top crypto analyst Mark Engleberg has even suggested that the coin could see a 25X rise during the presale stage alone.

Cardano (ADA) Seeks DeFi Moves but Investors Were Burned

Cardano (ADA) has been trying to find favour with cryptocurrency investors after making many development efforts over the last year. At the moment, Cardano (ADA) is seeking to solve some of the problems of scalability and speed which have dogged the likes of Ethereum. As a result, ADA has seen some peaks in price, but the upcoming Vasil upgrade in June is said to improve scalability, and the project is seeking to build a strong following in DeFi products and staking.

From an investment perspective, that area of the crypto market was shaken in recent times with the fallout from the Terra stablecoin de-pegging. Trust is a major factor in DeFi, and the situation led to the crash in LUNA, which had previously been a market leader in the sector. Many investors got burned in the former DeFi darling and will be wary of investing in such projects in the future.

Cardano’s founder said of the Terra LUNA situation that things sometimes have to move slowly. The project has worked very patiently over the last 18 months and could now start to reap the rewards.

Chronoly (CRNO) Offers an Asset-backed Option for Crypto

Chronoly (CRNO) offers holders a chance to invest in luxury timepieces from top brands such as Rolex and Patek Phillipe. Watches are a proven investment for the long-term and a recent example was the 2017 auction of a Rolex Daytona Paul Newman which was previously owned by the actor himself. The watch sold for a massive 17.75 million USD.

Chronoly (CRNO) works by minting NFTs of timepieces that are purchased and kept in a fully-insured, safe depositary. This allows investors to take a percentage stake in the items and the decentralized platform also offers proof of ownership, giving users the ability to trade assets easily. In addition, Chronoly (CRNO) underwent a full audit from Soildproof so investors can assure their assets are safe.

$CRNO is the utility token of Chronoly and offers investors staking options in Chronoly’s lending pool, discounts on storage, transaction, and club membership fees. Holders of the CRNO token also have the opportunity to win lottery rewards on the platform.

As traditional investors fear cryptocurrency assets after the recent market downturn, they could be attracted by an investment in Chronoly (CRNO) that is time-tested and offers a chance to mix the digital and physical asset worlds. The project’s token started pre-sale at $0.01 and is now at $0.04, so be quick before it’s too late!

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