Why Chronoly.io May Attract More Investors Than Tezos (XTZ) and ZCash (ZEC)
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Crypto market investors deploy different strategies to expand their portfolios and maximize profits. Time is also a significant consideration when looking for high-performing and depreciation-immuned assets to include in your portfolio. Speculative investing is a popular strategy that most investors deploy to make the most profits and get out quickly before the market goes south.
However, there are still some investors that prefer the age-long “wait and see” approach. These categories of investors prefer to invest their money for several years, instead of jumping in and out of different assets for a few weeks or months.
Can Chronoly.io (CRNO) attract more investors than Tezos (XTZ) and ZCash (ZEC)? Read on to find out!
Chronoly.io: A Distinct Asset-Based Cryptocurrency Immune to Depreciation
While the crypto market continues to underperform over the past few weeks, an asset-based cryptocurrency like Chronoly.io has consistently remained immune to the downtrend plaguing the crypto space. Though in pre-sale, Chronoly (CRNO) is enjoying early success, even as it attempts to revolutionize the primary and secondary watch market.
Chronoly (CRNO) allows anybody to buy, sell, and invest in fractions of rare and collectible watches from renowned brands such as Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet by issuing asset backed NFTs. One unique selling feature that Chronoly (CRNO) boasts is that users can digitally verify the authenticity of pre-owned luxury watches using Chronoly’s decentralized ledger on the Ethereum blockchain. Its native token, CRNO, allows users to receive discounts and participate in reward pools.
Experts believe that Chronoly (CRNO) price will rise significantly in the coming weeks, even though the pre-sale was launched at USD 0.01. The low pre-sale price provides an excellent opportunity for both investors and traders to jump on the bandwagon now that the price is still cheap.
Tezos (XTZ): A Futureproof Blockchain Network
While Tezos (XTZ) has been in the crypto space before Chronoly, experts believe that the latter seems to have outperformed XTZ due to unique prepositions and real-world use-cases. Tezos (XTZ) is a unique blockchain network created to offer advanced infrastructure. The project’s focus is to evolve and improve infrastructure, a problem bedeviling Bitcoin and Ethereum blockchains, and give investors trust over the risk of a hard fork.
The XTZ token currently trades for USD 1.57 with a 24-hour trading volume of USD 51,281,327. A quick check at its background reveals that the token has been experiencing a free fall in the past weeks like ZCash. A year ago, it cost investors about USD 9.18 to purchase a single unit of Tezos XTZ token, and USD 4.12 for the same purpose three months ago.
The Tezos team believes that the project will bounce back in the coming weeks. According to the team, “efforts are being made to adapt to new developments in blockchain technology.”
ZCash (ZEC) Added to Bitcoin of America ATM Locations
Zcash (ZEC), one of the best privacy coins on the market, has recently been added to Bitcoin of America ATM locations. Bitcoin of America offers other popular tokens like Ethereum, Bitcoin, Litecoin, and Bitcoin Cash options. The addition of coins to Bitcoin of America ATM locations makes it easy for businesses and brands to accept cryptocurrencies. ZCash’s focus is primarily to deliver anonymity and enhanced privacy features to end users. While ZCash started out using the same code as Bitcoin, the two coins have disparaging history. ZCash creators were focused on more privacy using advanced cryptographic technologies.
While transactions on ZCash are recorded on the blockchain, its native currency, ZEC allows users to hide relevant information like sender and receiver’s names, and the transaction amount. ZCash was launched in 2016 by an experienced team of scientists and engineers from institutions like Tel Aviv University, Johns Hopkins, and MIT. ZCash implemented a wide range of measures, including the system of shielded transactions in a bid to deliver on its promises of anonymity and enhanced privacy.
In addition to its anonymity and enhanced privacy features, the developmental team’s focus is to stabilize the token’s fungibility so that each coin can maintain its value and resist any tampering.
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