Why Top Analysts Are Bullish On Polygon (MATIC), Cardano (ADA) And Pre-Sale Token Chronoly.io

As the bear market begins to simmer down into what some traders call the “accumulation phase,” investors are scouting for promising opportunities in the crypto market. With the potential for the next bull run to be even bigger than 2021’s, finding projects with fantastic fundamentals is top on many crypto enthusiasts’ priority lists.

Analysts are eyeing tokens like Polygon (MATIC) and Cardano (ADA) for potentially explosive gains over the next year and they have also included a new presale token Chronoly.io which is already up 560% over the last two months, here’s why.

Polygon (MATIC) sees new growth

Polygon is designed to be built on and enhance the Ethereum blockchain. Created to facilitate interoperability between blockchains, Polygon (MATIC) has been going from strength to strength recently. While prices have plummeted over the past few months, Polygon (MATIC) developers have been busy growing the network. Unique address creation is up to 5.3 million in the second quarter of 2022, and 90,000 developers published their first contract on the Polygon blockchain in Q2.

With partnerships with Circle – the company behind USDC – and Reddit, investors are keen to snap up Polygon MATIC tokens while prices are low.

Cardano (ADA) launches its biggest update yet

Cardano has gained a loyal following over the last few years. With the launch of smart contracts on the Cardano chain in 2021, developer activity has exploded to crown Cardano ADA as the cryptocurrency with the highest rate of development activity, according to on-chain analytics firm Santiment.

While the Vasil hard-fork has been pushed back from June to August, Cardano says there’s a good reason for this. As its most complex upgrade yet, aimed at boosting network scalability, developers are saying more testing is needed to ensure everything is perfect. But, once Vasil is released, analysts expect the Cardano ADA token to break out and start seeing substantial price increases.

Chronoly.io (CRNO) has a bright future

Analysts are also keeping an eye on Chronoly.io, citing the token’s excellent fundamentals as a solid reason to be bullish. Chronoly.io is the world’s first decentralized marketplace for fractional investment in luxury watches. Using NFTs linked to real watches held in vaults across the globe, Chronoly.io lets anyone invest in some of the world’s most exclusive watch brands, like Rolex, Audemars Piguet, and Patek Phillipe, from as little as $10.

As the global luxury watch market grows, some look at Chronoly.io as a safe-haven for their money. Due to the limited supply of these rare watches, price only increases as they become more popular. This has undoubtedly been the case with timepieces like the Patek Philippe Nautilus, which has seen prices double in just over a year.

The Chronoly.io CRNO token fuels the marketplace, allowing users to stake their tokens for passive income, receive discounted buying and selling fees, and be entered into a draw to win a luxury watch each month.

Currently, the token is already up 560% from its phase 1 presale in early May this year –  now standing at $0.066, up from initial sales at $0.01. With formal launches to platforms in September, analysts are forecasting prices of $0.5-$0.75 by the time it enters the general market, a potential gain of more than 1,000%.

For more information about Chronoly.io presale

Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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