Investors Leave Avalanche (AVAX) for Chronoly as CRNO Launches On Exchange

The Chronoly project launched its CRNO tokens on the UniSwap exchange on October 6 at a price of $0.079. CRNO’s price increased from $0.01 to $0.079 after Chronoly’s successful pre-sale round. This has attracted millions of investors to Chronoly (CRNO). Meanwhile, Avalanche (AVAX) has been causing tension among its investors as the project is declining fast. As such, Avalanche (AVAX) investors are jumping ship.

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Avalanche (AVAX) Faces Dire Crisis

The price of Avalanche (AVAX) has declined by 1.34% in the last week and around 11% during the past 30 days. Avalanche (AVAX) has yet to get out of the bearish zone, which it has been trapped in since the beginning of 2022. At the time of writing this article, Avalanche (AVAX) was being traded at $16.89, which is 88.45% below its all-time high of $146.22.

Avalanche (AVAX) is a blockchain-based decentralized platform, developed to assist developers of dApps and smart contracts. With its native cryptocurrency, AVAX, the primary goal of Avalanche is to make crypto transactions seamless and cheaper.

Avalanche (AVAX) is considered one of the fastest smart contracts platforms. As per its developers, Avalanche (AVAX) can confirm and process thousands of transactions every second. This was a key reason that investors were attracted to the project. However, its declining performance is now a cause of worry for the crypto community.

Chronoly (CRNO) Set To Become The Crypto Titan After Launch on Exchange

As soon as the pre-sale phase of Chronoly ended, crypto enthusiasts worldwide waited with anticipation for the public launch of the CRNO tokens on the UniSwap exchange. CRNO’s public launch on UniSwap has seen the token achieve a 690% increase in its price. The price was $0.01 initially and had reached $0.079 at the time of its launch on the exchange. Chronoly’s CRNO tokens were launched on the UniSwap exchange on October 6. is the only platform in the world that allows people to make a fractional investment in luxury timepieces as it mints NFTs of rare luxury watches. These NFTs represent partial ownership of the watches that they have been minted against. On the platform, users can make investments in these tradable NFTs for as low as $10. investors can also stake their CRNO tokens to yield a passive income of up to 18.6% per year. Chronoly (CRNO) investors are also eligible to participate in the platform’s monthly lottery, where they can win a Rolex watch. There is no fee required for participating in the lottery.

Chronoly’s business plan provides backing to its CRNO tokens through physical watches, preventing them from falling when the market becomes bearish. Cryptocurrencies backed by real-world assets are considered secure and appreciating investment instruments. The whitepaper outlines that sentiment is that the watch market can register a profit of $49 billion in the next few years.

No wonder experts predict the price of CRNO could reach $3 following its launch on the UniSwap exchange. They are also confident that Chronoly’s CRNO tokens could trade at $8 in the near future.

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