The Graph (GRT) Shows Potential and Chronoly.io Token Surges Further
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- The Graph (GRT) has shown growth in the past few weeks.
- Chronoly.io pre-sale has become an enormous success, with CRNO rising by over 500%.
- Analysts are expecting CRNO token to grow by 2,000%.
The recent crypto market meltdown has forced investors to look out for those projects that are stable and less susceptible to market hype, and have real-world utility. Going by the same standard, two crypto projects that have gained investors’ attention are The Graph (GRT) and Chronoly.io (CRNO). These two projects belong to two different fields of the crypto market, but both have been trading in the green zone. However, there is a considerable difference between the growth rate of the two cryptos. While The Graph GRT has shown signs of recovery from the loss it suffered during the market crash, Chronoly.io is a relatively new project that has astounded analysts with its use cases, acceptance, and growth. Chronoly.io has registered an increase of over 500% in its value during the pre-sale phase.
Working Principles of The Graph (GRT) and Chronoly (CRNO)
The Graph is a blockchain-based platform for indexing data from several blockchains. It’s somewhat similar to Google. It indexes blockchain data from networks like Ethereum. The native token of The Graph is GRT. The Graph has been adopted by many DeFi projects like UniSwap, Synthetix, and Decentraland, among others.
On the other hand, Chronoly.io is creating the next-generation crypto metaverse that mints NFTs of rare luxury watches. It is the world’s first blockchain-based marketplace where people can make fractional purchases in luxury watches like Rolex, Patek Phillippe, Richard Mille, and other multinational brands with whom Chronoly.io has partnered.
Each NFT minted by Chronoly.io is backed by real-world assets, i.e. physical versions of the rare luxury watches, because Chronoly.io buys the physical version of the timepiece and mints NFTs against them. This makes the value of Chronoly.io CRNO token immune from market speculation and hype.
The project lets people buy and sell shares in rare luxury watches for as less as USD 10. People can also buy 100% of the watch NFT, burn them to get the physical version of the timepiece. The platform also provides its users with the ability to win a free luxury watch every month through Chronoly’s monthly watch lottery.
Market Standing – The Graph (GRT) Showing Potential and is Chronoly.io (CRNO) Cruising Fast
After losing a significant value from its all-time high, GRT has been moving upward lately. This sign of growth can also be credited to the overall improving sentiment in the crypto market. Analysts expect The Graph to continue surging higher as its applications are getting more adoption and acceptance by DeFi projects. However, The Graph is still trading at 95.55% below its all-time high of USD 2.88, and its price appreciation may take longer.
Nonetheless, Chronoly.io has amazed every cryptocurrency enthusiast with its massive success. Chronoly’s CRNO token, which has tangible utility and is backed by real-world assets, is the emerging star of the crypto market. It has grown by over 600% during its pre-sale phase.
With the unique business roadmap, the acceptance, popularity, and demand of Chronoly.io have skyrocketed since its debut. Its price was only USD 0.01 in May 2022, which now has shot up to USD 0.06, with analysts expecting it to touch the value of USD 0.75 in the next few months.
For more information about Chronoly.io presale