Investing in the cryptocurrency and NFT marketplaces can be daunting. One minute, you are smiling at the bank, the next minute, you will hear news of most crypto coins plummeting to their all-time lows. Over the years, one strategy that has worked for professional investors in a volatile market is to invest in a long-term project that has real-world value.
Three projects that have demonstrated this credential are Filecoin (FIL), Hex (HEX), and Chronoly (CRNO). Including these tokens in your investment portfolio can be a game-changer, especially now that the crypto market is bearish. Ahead, you will learn why the duo of Filecoin (FIL) and Hex (HEX) have shed significant prices and why Chronoly (CRNO) has remained bullish despite market volatility.
Filecoin (FIL) Keeps Falling, Can It Bounce Back?
Filecoin (FIL) has continued to maintain an average outlook compared to other cryptocurrencies that were created about the same time with it. In the last 24 hours Filecoin has dropped by 7.32% trading at $8.03, according to CoinMarketCap. Experts believe that the price shed may not be unconnected to investors’ apathy. At the present price, Filecoin (FIL) is still the favorite of some investors and traders. With resistance set at $9.25 and support near $7.97, Filecoin (FIL) can change the narrative if the developmental team continues to innovate in the project’s goals.
At its core, Filecoin (FIL) makes the web more secure and efficient by creating a decentralized data storage marketplace. FIL, the project’s native token, is used to power the Filecoin ecosystem. FIL aims to let anyone host digital information. The token is also used as a payment method to improve the economic incentives of the project. As of press time, Filecoin (FIL) trades for $8.89 USD with a 24-hour trading volume of $446,356,415 USD.
Can Hex Coin (HEX) Change The Narrative?
Hex Coin performance in the previous weeks has made investors start losing confidence in the underlying project; hence its price dropped. Can the Hex Coin developmental team make a turnaround? Experts believe that if the team partners with social media influencers and does a massive campaign on popular and reputable platforms, they can change the token’s narrative.
At the conception of Hex Coin (HEX), the project was designed to offer a high annual percentage yield (APY) to both institutional and retail investors. However, the project has continued in a bumpy journey since the start of the constant crypto crashes. HEX has been paying high APY for a few years now, but it’s token price is showing signs of weakness. Industry watchers believe that a price surge in the token can cause a turnaround.
Founded by Richard Heart, Hex was created to allow investors earn a high passive reward. Token holders can stake their assets in a vault to earn up to 38% in average annual percentage yield (APY). The project has no central entity, no overhead, and no bureaucracy. The team does not award bonuses to anyone except for users who stake their assets. As of press time, Hex (HEX) trades for $0.052147 USD with a 24-hour trading volume of $6,355,200 USD.
Chronoly.io (CRNO) Keeps Rising Despite Bear Market
The developmental team at Chronoly.io is doing everything possible to earn investors’ interest and attention. Over the last few weeks the price of Chronoly.io CRNO tokens have jumped 560% and investors have confidence that the project will continue to enjoy price appreciation due to its unique and real-world use-case outlook.
At its core, Chronoly.io is an Ethereum-powered fractional watch investment marketplace where you can trade and invest in watch NFTs for as low as $10. Its revolutionary features and price potential has made Chronoly.io one of the most talked about crypto projects this year amongst professional traders.
The mission of the project is to close the large gap that exists between the virtual world of NFTs and the real world by tokenizing physical luxury watches which are authenticated and co-owned on the blockchain. According to the Chronoly.io roadmap, the team plans to build strategic partnerships with luxury brands like Rolex and integrate it’s ecosystem into the metaverse allowing users to digitally wear or showcase their watches, This is world’s first blockchain based marketplace for luxury watches and Chronoly.io looks set to disrupt the $49bn luxury watch market.
Experts believe that in the next coming weeks, the price of the Chronoly.io utility token (CRNO) is likely to surge by 1,500% to around $1 per token. Chronoly.io is in its last stages of presale, traders who like to get into crypto projects early whilst the price is still low might want to add this crypto project to their watchlist.
For more information about Chronoly.io Presale
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