Polkadot (DOT) and Hedera (HBAR) Investors Are Buying The Chronoly (CRNO) Token
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If you’re an investor, then you’re always gazing down upon a moveable feast. Investments don’t stand still and investments like crypto are often subject to volatile swings and sudden and unexpected changes of fortune. So, savvy investors are constantly on the go and always seeking out the next best place to turn a profit. That’s why Chronoly (CRNO) is benefitting from an influx of new investors who are moving away from Polkadot (DOT) and Hedera (HBAR).
Polkadot (DOT) suffers from spotty performance.
Polkadot (DOT) prices have stabilized slightly after the Terra fall and the dread that seized the market on May 12th as the token established a range around the USD 10 level. However, it was still a long way from its previous highs of USD 50. On higher time frames, the continuous decline stayed solid, and DOT prices appear to be moving lower on lower time frames as well. Polkadot (DOT) had been trading in a range between USD 10.57 and USD 9.27 during the previous ten days, but the price appears to be heading back under the USD 9.2 support region at press time.
Because the weekend trading activity is often smaller, a significant decrease cannot be ruled out. Is there a chance for Polkadot to bounce from the range lows, or is this a hint that more misery is on the way for Polkadot investors? Maybe that’s why Polkadot (DOT) users are now heading over to Chronoly.
Hedera (HBAR) heading into trouble?
After dropping into oversold territory in the first week of May, Hedera's native crypto, HBAR, appeared to be on the verge of a bullish recovery. This was before the market took an unexpected turn for the worst, resulting in further downside, and although it now appears to be positive again, the risk for more and steeper downside is ever-present.
In the previous seven days, HBAR has seen a 42% decrease as the crypto market has experienced one of its worst drops in recent times. The cryptocurrency plummeted from a weekly high of USD 0.155 to a new low of USD 0.073. After bouncing off its long-term falling trend line, it has since rebounded to USD 0.1028 at the time of writing. Over the previous 24 hours, the token has increased by 31.84%
If enough buying volume is not secured, Hedera (HBAR)'s negative performance may be extended. If current sentiments hold, such an outcome is possible. Because the market is highly connected, cryptocurrencies like (HBAR) will continue to mimic Bitcoin’s price behavior.
Small wonder then that Hedera (HBAR) users are now looking at selling off their holdings to instead back Chronoly (CRNO) as an attractive and growing real asset-backed coin.
Chronoly (CRNO) is superseding competition
Chronoly (CRNO) is a cryptocurrency that is forcing people to sit up and take notice. It is the first fractional watch investment platform in the world, which allows investors to begin investing in exclusive, rare and luxury watches from as little as USD 10. Chronoly (CRNO). In recent times we have seen markets struggle to see an upwards trend, this is different for Chronoly who are over 300% up in a month at the time of writing. The reasons for this are:
- It has real utility and use cases
- It encourages digital authentication, fractional ownership, increased liquidity, the formation of alternative assets, and community building.
- It is connected to the Metaverse.
- It has been extended to the world of NFT and is backed by real-world value appreciating timepieces. Unlike other stable coins in the market
- The assets are backed by an NFT
- Blockchain-based verification.
It is estimated that the global watch market is valued at 49 billion dollars, with the secondary watch market accounting for 18 billion dollars. Owning the NFT enables everyone in the whole world to digitally and anonymously protect their capital from inflation and bear market threats. Investors can use Chronoly (CRNO) to invest in collecting assets off-chain while remaining "on-chain." Chronoly (CRNO) is seen by many as a solid bet and that’s why investors in other coins are also getting into this real asset-backed project. Crypto analysts are predicting that Chronoly will rise a further 1,000% before the presale concludes at the end of July. That’s over ten times on your money. After doing much research on the project our team found that Chronoly has put together a brilliant new world concept alongside this, have created a professional and eye-catching whitepaper and website. The team have had their token audited by one of the top in the industry and been KYC’d by Interfi. It’s no wonder that our pick of the week for the best crypto investment goes to Chronoly.