To match the volatility and dynamism of the market, crypto investors keep changing their investment patterns and strategies. All investors want a good return on their investment. Hence, they keep making changes to their investment portfolio by adding bullish projects and dumping the bearish ones. This universal tendency has prompted investors of Helium (HNT) and Ripple (XRP) to switch to Chronoly.io (CRNO), as Chronoly’s.io (CRNO) pre-sale success has attracted investors worldwide. Notably, all CRNO tokens of Chronoly.io (CRNO) were nearly sold out at an appreciation rate of 690%.
Shift of Helium (HNT) To Solana (SOL) Network Hurts Project’s Growth
The recent decision of Helium (HNT) to move its blockchain network to Solana (SOL) has not brought any good to the platform. Instead, Helium (HNT) has witnessed a huge fall in its prices following the announcement. Helium developers, who have been operating their blockchain since 2013, have argued that HNT’s migration to Solana (SOL) would provide economies of scale to the project because an increase in the number of HNT transactions will bring the transaction cost down over time.
However, Helium (HNT) investors and users are not fully on board with this ambitious plan of the project developers. Many users and investors are concerned about the downtime issues and level of decentralization on the Solana network. Subsequently, Helium’s native HNT token has dropped over 20% since the migration governance proposal was announced. The trading price of Helium (HNT) has now dropped to $4.44, which is more than 92% below its all-time high of $55.22.
Ripple’s Uneven Growth Lessens Investors’ Confidence
The price of Ripple (XRP) has been highly volatile in recent times. Ripple (XRP) has been showing a bullish run on the growth chart, but the lack of stability is slowing its speed. On some days, the price of ripple jumps, while on other days, it tumbles down. In the last week, though the price of XRP surged around 16% in just five days, its cumulative weekly growth was only 3% dueto some drastic falls. The uncertainty in its price is also because of the nearing end of the SEC lawsuit against Ripple (XRP). Investors are waiting for the final outcome of the lawsuit before making any big bet on Ripple (XRP).
Ripple (XRP) is a blockchain-based platform designed to facilitate the cross-border and cross-platform transfer of funds. Ripple’s native XRP token was launched as a faster, cost-effective, and scalable digital asset to simplify payments. Ripple (XRP) was launched to facilitate exchanges for various fiat currencies and cryptocurrencies.
Chronoly.io (CRNO) Emerges As A Project With Assured Profit
Chronoly.io (CRNO) has transcended the growth rate of long-standing cryptos within a few months of its launch. Chronoly’s.io (CRNO) native token, CRNO, has decentralized the luxury watch market. Chronoly.io (CRNO) is a blockchain-based marketplace that has surprised crypto investors with its pre-sale success. Witnessing a growth of 690% in value, all CRNO tokens were nearly sold out before the end of the pre-sale phase. The price of CRNO has also leapt from $0.01 to $0.079 since its launch in May 2022.
Chronoly.io (CRNO) is the world’s first platform enabling people to invest fractionally in luxury timepieces. It is a decentralized marketplace that mints NFTs of luxury watches to make them tradable. Chronoly.io (CRNO) users can purchase NFTs of luxury watches for as low as $10.
This provides real-world asset backing to Chronoly.io (CRNO) NFTs and makes CRNO tokens immune to market downfalls. Since tokens backed by physical assets are considered more stable, market bulls have rallied behind CRNO, pushing it further up. The whitepaper of Chronoly.io (CRNO) states that the market of rare collectable watches can pocket a profit of $49 billion in the coming years. Therefore, crypto investors have put immense faith in Chronoly.io (CRNO) unique business roadmap. Lastly, analysts expect that Chronoly.io (CRNO) token is destined to rise by another 2,500%-5,000% soon.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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