1inch (1INCH) Dips Again While Chronoly.io’s Pre-Sale Hits 690% growth
The last two weeks have been quite hopeful for the crypto market. Several cryptocurrencies that were hit hardest during the market crash have started to show signs of revival. The overall market sentiment has also improved, with many crypto investors starting to search for fruitful projects to put their money into. However, the tale is not the same for all cryptocurrencies. Many projects are still crippled, while some have taken a path of rapid growth.
This article will focus on two projects – 1inch (1INCH) and Chronoly.io (CRNO), which have been in the news for some time. Investors are worried about 1inch (1INCH) as the project is yet to post any positive growth figures in recent times despite the market’s revival. On the other hand, Chronoly.io’s (CRNO) pre-sale success has rocked the market thoroughly. Its pre-sale was extremely successful, and all the CRNO tokens of Chronoly.io (CRNO) were nearly sold out, with a price increment of 690%.
Market Bears Trap 1inch (1INCH)
Although the overall market situation is going upward, 1inch (1INCH) has not been able to follow the market trend for the last few weeks. 1inch (1INCH) recently witnessed an increase in the trade volumes on the network, but it could not sustain the momentum. The price of 1inch (1INCH) has again seen a dip as the market bears have come hard at the crypto project. Last week, the price of 1inch (1INCH) fell by 2.47%. While 1inch (1INCH) was trading at $0.684 last week, it has come down to $0.672 at the time of writing this article. Thus, the token is more than 91% below its all-time high of $7.87, making it difficult for 1inch (1INCH) to bounce back.
1inch (1INCH) is an aggregator that connects multiple decentralized exchanges (DEX). The blockchain-based aggregator boasts of having one of the fastest and most protected operations in the DeFi (Decentralized Finance) arena. The 1inch (1INCH) network uses multiple protocols to allow its users to optimize their crypto trades and swaps, without having to deal with every exchange individually.
Chronoly’s Bullish Pre-sale Pushes CRNO towards 5000% Growth
At a time when crypto investors are thinking twice before putting their money into any project, Chronoly.io (CRNO)’s tokens were nearly sold out before the pre-sale phase could conclude. Market bulls are batting for Chronoly.io (CRNO), owing to its unique business roadmap and value proposition. Chronoly.io’s (CRNO) has caused a stir in the market by growing 690% in merely three months. The price of Chronoly.io’s CRNO has skyrocketed from $0.01 to $0.079, and is expected to mount another 2,500%-5,000% in the next few months.
Chronoly.io (CRNO) is the only digital marketplace that enables users to make small investments in rare luxury watches. Promoting the concept of co-ownership, Chronoly.io (CRNO) mints NFTs of luxury watches and breaks them into fractions. Thus, several investors can buy NFTs of the same watch.
Chronoly.io (CRNO) purchases physical versions of luxury watches from authentic sellers and stores them in secured vaults. Thereafter, Chronoly.io (CRNO) mints NFTs against the stored rare luxury timepieces. Moreover, the authenticity of the watches and NFTs minted against them can be verified by users.Chronoly.io (CRNO) users can invest in these NFTs of watches for as low as $10. The platform also has a lending pool where Chronoly.io (CRNO) holders can stake their tokens to draw some extra income.
Chronoly.io (CRNO) has made CRNO immune from any market speculation and downfall by backing and linking the value of its tokens with the physical luxury watches stored in the real world. This has induced more investors to purchase Chronoly.io (CRNO) tokens as the value of luxury watches increases irrespective of the market conditions.