Cryptocurrency enthusiasts worldwide are waiting and praying for the market’s revival, which has gone severely bearish since the beginning of 2022. However, it does not mean investors are wary of the market; they are wary only of particular projects.
Thus, investors are now weighing all the projects more critically before putting their money into any cryptocurrency. Investors tend to avoid investing in projects that lack a stable business plan. But if they are convinced about the solidity of the project and the security of their investment, bulls are always ready to buy those cryptos.
Neo network (NEO) and Chronoly.io (CRNO) are examples of such crypto projects that have performed differently during the recent bearish weather. While Neo network (NEO) has tumbled, Chronoly.io (CRNO) has defied the market bears, registering a growth rate of 560% in its pre-sale phase.
Neo Struggles To Keep The Pace UP
Neo (NEO) network utilizes blockchain technology to digitize assets. The platform’s target is to build a self-managed smart economy by combining digital assets, digital identities, and smart contracts. Recently, the Neo network (NEO) shared an official communique through its website that it has migrated to a more powerful and feature-rich version of the Neo blockchain called N3.
By its proponents, Neo (NEO) is touted as a “rapidly growing and developing” ecosystem with the goal of creating a new economy where digitized identities, assets, and payments can come together.
It also aims to build a community of developers who can create new infrastructure for the network and encourage people to build decentralized apps and smart contracts on the Neo network (NEO).
The network has two native tokens, namely NEO and GAS. NEO is an investment token that allows people to participate in votes concerning improvements to the network. GAS is used to pay charges for the transactions completed on the network.
But the current bearish market has caused a decline in the trade volume on the platform. Hence, the price of NEO has slumped to around $12, from its all-time high of $196.85.
Chronology.io Reaches New Milestones
Chronoly.io (CRNO) is the new success story in the world of cryptocurrencies. Although it has recently entered the arena, Chronoly.io (CRNO) has performed tremendously well during its pre-sale phase and is being compared to the market titans like Bitcoin and Ethereum. Chronoly.io (CRNO) stormed the market by posting a growth rate of about 560% during its pre-sale phase.
The one-of-its-kind Chronoly.io project was launched in May 2022 with a first-of-its-kind business roadmap. Since its launch, Chronoly.io’s journey has been exceptional. Its value has grown by over 560% during its pre-sale and is expected to reach 2,500%-5,000% in the next few months. Notably, Chronoly.io (CRNO) token price went up from $0.01 to $0.066 in just two months since its launch. Analysts have pegged that the token price can reach $1.00 soon.
Chronoly.io is the first digital marketplace where people can make a fractional investment in rare collectable watches. Under this project, several people can co-own a high-end luxury watch together. For this to take place, Chronoly.io first buys a physical version of the luxury timepieces and then mints their NFTs. These NFTs are broken into fractions, allowing people to purchase NFTs of luxury watches for as little as $10.
To procure physical luxury watches and store them in secure vaults, Chronoly.io has partnered with multinational brands such as Rolex, Patek Philippe, and Richard Mille. This backing from real-world physical watches makes the price of Chronoly.io (CRNO) resistant to market sentiments. This, in turn, instills a sense of confidence in investors for the Chronoly.io (CRNO) project, which can be seen in its performance during the pre-sale phase.
The whitepaper of Chronoly.io asserts that the watch market can record a profit of $49 billion in coming times as the demand and value of luxury timepieces continue to increase. So, the value of Chronoly.io NFTs, which are backed by real-time rare collectable watches, is bound to increase.
For more information about Chronoly.io presale
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio
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