Hedera (HBAR) and Decentraland (MANA) are Struggling While Chronoly.io (CRNO) Soars
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
Markets are always unpredictable. Any experienced investor will tell you that and many a fortune has been squandered by fools who thought they could outwit the market but failed. That said, there’s a lot of insight to be gained by watching trends over a period of time. One also has to look at the fundamentals and this is as true for cryptocurrency as it has always been for stock market investing. So, with all that said, we take a look at why two tokens are currently struggling while Chronoly.io (CRNO) is not.
Hedera (HBAR) is not convincing investors
Most altcoins, including Hedera, are underperforming in the market (HBAR). Prior to the recent cryptocurrency crashes, the Hedera (HBAR) team reaffirmed its commitment to improving the project's outlook in order for investors to pull in their hard-earned money. Within the next few months, the team hopes to reach a USD 1 goal. It is still unknown whether the team will be able to meet this goal.
Hedera is the most widely utilized enterprise-grade public network. The decentralized economy is powered by the native token, HBAR. This token can be used to pay for goods and services on the Hedera protocol. Token holders can also vote and be voted for in the project's governance system. So far, though, investors are rather cool.
Decentraland (MANA) is wavering around
Decentraland (MANA) has experienced a much more difficult summer than most. This popular Metaverse cryptocurrency reached a high of USD 5.90 in November 2021 before plummeting over 90% to a low of USD 0.63 in May. It has been swinging up and down since then without anything like a bull run appearing to take hold.
Prices have dropped over 30% to USD 0.85 from USD 1.06 following an apparent breakout. It has not witnessed any sustained growth. There's still a chance that Decentraland (MANA) will have a bull run as it has not touched all-time lows yet, but we could see a further slide to USD 0.65-USD 0.70, and possibly lower, if these levels don't hold.
Chronoly.io (CRNO) looks like a winner
Chronoly.io (CRNO is a blockchain-based marketplace that allows anyone to invest in the world’s most prestigious investment-grade watches from brands like Rolex, Patek Phillipe, and Audemars Piguet - all for as little as USD 10.
The watches are securely stored and represented by a series of NFTs. When an investor buys a fractional NFT, they are, in effect, buying a share in the watch itself. It then follows that as the value of the watch rises, the value of the NFT rises too.
In addition, investors get other benefits such as discounts, passive income from staking and even participation in a free monthly lottery which bestows a real watch upon the lucky winner. Chronoly.io (CRNO) started pre-sales in May at a price of USD 0.01 and are now trading at USD 0.066. Many analysts believe that the price will rise tenfold or more by the time the pre-sale ends in September. Chronoly.io (CRNO) is a very well thought-out and executed proposition and any wise investor should be looking to jump in around now.