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Chronoly.io (CRNO) Pre-sale Sells Out, Will it Overtake Solana (SOL) and Fantom (FTM)?

Chronoly.io (CRNO) Pre-sale Sells Out, Will it Overtake Solana (SOL) and Fantom (FTM)?

The volatility of the crypto market has made several investors rethink the value and usability of cryptocurrencies. The recent market crash has solidified the notion that cryptocurrencies with tangible utility and real-world asset backing are true gems for investments. Most of the cryptocurrencies that did not have real-world usability or asset backing have collapsed and are losing ground to other stable and secure cryptos. 

This article will dwell deeper to look into why Chronoly.io’s (CRNO) pre-sale was welcomed by investors so wholeheartedly and why Chronoly.io CRNO can overtake dwindling Solana (SOL) and Fantom (FTM). Notably, Chronoly.io’s CRNO tokens sold out during its pre-sale phase. 

Solana (SOL) Holders Jumping the Ship

The dip in the price of Solana (SOL) has become a continuous affair for the last many weeks. More so, it is predicted to fall further since its two biggest NFT competitors - the Ethereum network and OpenSea - have bounced back from the recent market crash, while Solana (SOL) is losing ground day-by-day. The network is fueled by SOL, the native cryptocurrency of Solana. SOL powers all the NFTs, smart contracts, and DeFi apps available on the Solana network. 

The price of Solana’s SOL has dipped to around $32, a fall of 87% from its all-time high of $260.06, and it has plummeted around 14% in the past week.  

Solana is a blockchain platform that utilizes the smart contract functionality. As per its promoters, Solana (SOL) has been developed as a crypto-computing platform that offers high transaction speeds. Therefore, investors worldwide are looking out for a safer destination for investment. Investors now want to back projects that have real assets behind them, like Chronoly.io.  

Fantom (FTM) Price Drops Further

Fantom (FTM) was touted as one of the most scalable networks for developing various blockchain-based applications, especially the ones that are related to the DeFi market.

However, the recent market crash incapacitated the growth curve of FTM. The value of Fantom is poorly hurt because of its massive dependence on market speculation. Currently, Fantom (FTM) is hovering around $0.27 per token, a colossal fall of 92.15% from its all-time high (ATH) of $3.48. Moreover, investors are apprehensive about its growth, and they fear that it is highly unlikely that FTM may reach its ATH again. 

Launched in 2019, Fantom’s mainnet Opera aims to enable quick transactions at cheaper rates and with high throughput. It has become popular among DeFi project developers.  DeFi projects need to process large trade volumes at high speeds with low costs, and Fantom (FTM) promises to provide the same.

Chronoly.io (CRNO) Hits Bulls’ Eyes

Whether newbies or seasoned investors, all crypto enthusiasts are keen to add Chronoly.io (CRNO) to their investment portfolio. Chronoly.io (CRNO) registered growth during the time of the crypto market crash, a testimony to the fact that the project has strong mettle at its core. 

Chronoly.io (CRNO) is the world's first marketplace allowing people to invest fractionally in luxury watches. Here, people can purchase NFTs of luxury watches for as little as $10. As per Chronoly.io's whitepaper, the watch market can bag a profit of $49 billion soon. Hence, if NFTs are backed by luxury watches, their value is destined to grow. This fact has been well encashed by Chronoly.io’s unique business roadmap. The NFTs, which Chronoly.io (CRNO) mints, belong to rare watches from brands such as Rolex, Patek Philippe, and Richard Mille, among others.   

Chronoly.io (CRNO) also has a lending protocol in its pipeline that will allow CRNO holders to stake their tokens to generate passive income. Chronoly.io (CRNO) is planning to build strategic partnerships with metaverse creators to increase the use cases of Chronoly.io (CRNO). 

Chronoly.io’s achievements since its launch in May 2022 have been unprecedented. All CRNO tokens are nearly sold out during the pre-sale, and the price of Chronoly.io’s (CRNO) spiraled from $0.01 to $0.066 in a matter of weeks. Analysts have high hopes for Chronoly.io’s (CRNO), and they have pegged it to grow by 5,000%, and is expected to hit $1.00 soon.

For more information about Chronoly.io presale

Website: https://chronoly.io/ 

Telegram: https://t.me/Chronolyio 

Presale: https://presale.chronoly.io/register 

Twitter: https://twitter.com/Chronolyio

 

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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