Chronoly.io Surges 400%, Could Cardano (ADA) And Chiliz (CHZ) Price Move Higher In June?
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As the cryptocurrency market stages a price bottom after the recent bear market, three coins are setting up for a potential rally this June. Chronoly.io, Cardano (ADA), and Chiliz (CHZ) are seeing interest from investors and could substantially outpace other projects. Cardano is seeing interest in its DeFi offerings, Chiliz operates a platform for soccer fan tokens and Chronoly.io provides a marketplace for NFTs that are asset-backed by luxury investment grade watches like Rolex and Patek Philippe.
Is Cardano a good investment? - Cardano Price prediction
Cardano has rallied for two weeks after investors react to the arrival of multiple decentralized exchanges on the network. Cardano (ADA) implemented a hard fork in August 2021, which opened the door for smart contracts. Almost 100 decentralized applications have now been built on the Cardano (ADA) platform and these apps are registering heightened activity. Other developments have seen the release of a stablecoin and other improvements to the network. Those improvements have sought to make the blockchain faster and cheaper to use. Struggles with coins such as LUNA and Ethereum investors switch their asset allocations and ADA could benefit further from the trend.
Chiliz Coin Gets a Bitpanda Listing Boost
Chiliz (CHZ) was boosted by the announcement of a listing on the Bitpanda exchange. Chlliz confirmed the Bitpanda listings of some of its soccer fan tokens via Twitter. Some of the listed fan tokens include CITY, BAR, ATM, PSG, and JUV. These tokens were all minted on the Chiliz network and are the official fan tokens of the likes of Barcelona and Juventus. Chlliz has since expanded from soccer teams to include entertainment names such as UFC. The tokens can be used on the Socios platform for teams and organizations to engage with their fanbase. The project will get a boost from the latest listing which will be open to Bitpanda’s 3.5 million users.
Chronoly (CRNO) Token Bridges Old and New Worlds
The Chronoly.io project is a bridge between old and new investment worlds with a digital marketplace for authentication and investment in rare and exclusive watches.
Users can trade NFTs that are minted and backed by luxury watches with the physical version being held in a safety depositary vault. Investors can then invest in the watch without the need to worry about customs tax, delivery, or storage.
The Chronoly.io project will appeal to investors with experience of investing in traditional alternative assets and crypto investors will also spot a niche opportunity to own off-chain assets, on-chain digitally.
The Chronoly native token (CRNO) provides other benefits to token holders with the chance to stake their tokens for an annual yield and also enter a free monthly watch lottery draw. Analysts see the potential for further gains once the project becomes more mainstream and June could be a strong month for the token.
Chronoly (CRNO) token currently trades at USD 0.05 after starting life at USD 0.01 in the presale. Industry experts have forecasted the Chronoly token to reach as high as USD 0.50 (50x) before the presale window closes in July. For those investors who like to get into coins early before the rest of the market follows, pre-sale coins like Chronoly.io might be worth adding to your watchlist.
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