After a gigantic rise of 690% on the price chart during the pre-sale phase, Chronoly.io is on the path of conquering new peaks with the launch of CRNO tokens on the UniSwap exchange. CRNO tokens were launched on the crypto exchange on October 6, 2022. On the contrary, Enjin Coin (ENJ) and ApeCoin (APE) have faced a loss in value lately. The prices of Enjin Coin (ENJ) and ApeCoin (APE) have dropped significantly in recent weeks.
Enjin Coin (ENJ) Searches For Green Signals
Since the beginning of 2022, Enjin Coin (ENJ) has lost a large chunk of its value due to the recent market crash. The value of Enjin Coin (ENJ) has fallen by more than 6.42% this week, causing a further drop in the trading price of Enjin Coin (ENJ). The decline in the tokens price is more severe on the monthly chart, where it has lost around 15%. Currently, the trading price of Enjin Coin (ENJ) is $0.42, which is more than 91% below its all-time high of $4.85.
Enjin Coin (ENJ) has been developed as an ecosystem of blockchain-based, interconnected gaming products. It is built on the Ethereum network.
The Yacht of ApeCoin (APE) In Doldrums
The price of ApeCoin (APE) has witnessed a decline of about 13% this week. ApeCoin (APE) has registered a drop in price after it recorded some positive growth in the previous weeks. Before the latest dip, ApeCoin (APE) was being traded at $5.55. However, the current price of ApeCoin (APE) has fallen to $4.49, which is around 84% below its all-time high of $27.50.
ApeCoin (APE) is a metaverse-based token that works as a tradable coin in the crypto market. It is the native cryptocurrency for the ecosystem of the Bored Ape Yacht Club.
Chronoly (CRNO) Prepares Strong Foundation To Rule On Crypto Exchange
The public launch of Chronoly’s CRNO tokens has followed the massive success of the project’s pre-sale phase, which began in May 2022. All CRNO tokens were sold out before the closing date of the pre-sale phase with a sharp increase of 690% in value. Chronoly’s CRNO tokens were later launched on the UniSwap exchange at the price of $0.079. Chronoly’s tokens are expected to reach $3 in the next few weeks.
Chronoly.io is a digital, decentralized marketplace for investors who want to put their money into luxury watches. Chronoly (CRNO) mints NFTs of high-end collectable watches to enable retail investors to partially own the rare timepieces. Chronoly (CRNO) procures luxury watches from multinational companies in the real world and mints their NFTs. These watch NFTs are broken into smaller fractions, enabling investors to purchase a share of luxury watches for as low as $10.
Chronoly stores the purchased watches in secured vaults worldwide to provide backing to its CRNO tokens. The backing from real-world physical rare timepieces makes Chronoly stable and profitable. According to Chronoly’s white paper, the market of luxury watches could grow to $49 billion in the coming years. If this happens, Chronoly’s value, which is directly linked to the luxury watch market, will inevitably rise.
Chronoly investors can use the platform’s lending protocol and stake their CRNO tokens in the lenders’ pool or take loans against their NFTs at competitive rates. They get to earn up to 18.6% per year by staking their CRNO tokens. Chronoly (CRNO) users are also entitled to participate in the platform’s monthly watch lottery, wherein the winner receives a physical Rolex watch. Participation in the watch lottery is free for all users.
Since Chronoly has such an immense growth prospect, experts are confident that the price of CRNO will rise sharply in the next few months. They have forecasted that CRNO tokens will go as high as $8 soon.
For more information about Chronoly.io