Chronoly (CRNO) sells like hot cake in Crypto Winter while Tezos (XTZ), FTX Token (FTT) struggle
In a very short time, Chronoly (CRNO) token has emerged as the new crypto star, increasing investors’ wealth by 690% during its recently presale which ends in less than 24hrs. CRNO has outperformed cryptocurrencies like FTX Token (FTT) and Tezos (XTZ) that are visibly struggling to sustain growth after touching their all-time high prices in 2021. CRNO token’s super performance during the ongoing crypto winter reflects a surprise change in investment objectives of crypto buyers. There is a clear push towards sustainable assets that can give good returns even in a falling market.
Here’s a look at why Chronoly (CRNO) is attracting investors while FTX Token (FTT) and Tezos (XTZ) are failing to rise.
Tezos (XTZ) failing to convince investors
The price of a crypto asset can go up dramatically if there is huge demand. Weak demand means the price will fall. In this context, Tezos (XTZ) token price trends show investors are not very convinced about the future of this crypto asset under present circumstances. The XTZ token is currently trading at around $1.51, down 83.5% from the all-time high of $9.18 on October 4, 2021, according to CoinmarketCap data at the time of writing.
As an open-source blockchain network based on smart contracts, Tezos promises to offer a more advanced infrastructure compared to networks like Ethereum and Bitcoin. XTZ token holders can vote on proposals for protocol upgrades by Tezos developers. However, massive sell out by investors during the recent market crash has led to a sharp decline in the value of Tezos network’s cryptocurrency. The XTZ token price fell to $1.2 in June 2022 and hasn’t recovered much since then.
FTX Token (FTT) continues to trade in the Red
The FTX Token (FTT) is the native cryptocurrency of crypto derivatives trading platform FTX. While this exchange has survived the crypto market upheaval this year, the FTX Token (FTT) continues to trade in the red since it fell to $22.83 in June 2022. As per CoinMarketCap data, FTT is currently trading at around $24, down from the all-time high of $85.02 on September 09, 2021. The FTT token rose to over $31 in August but, just like Tezos, it has also failed to sustain the momentum since then.
FTX exchange is backed by Almeda Research, which is one of the leading companies in crypto trading and one of the largest liquidity providers. It is the third largest crypto exchange in the world by trading volume. As a leading exchange, FTX is facing stiff competition from giants such as Binance and Coinbase. The team behind FTX Token has promised to change the narratives to support growth. However, the efforts have not yet reflected in the FTT price movement.
Chronoly (CRNO) outshines FTX Token (FTT), Tezos (XTZ)
Backed by real-world assets, Chronoly.io platform is revolutionizing the way people trade and invest in luxury watches. Chronoly offers fractional non-fungible tokens (NFTs) of luxury watches that can be traded in the open market. As each NFT offered by the Chronoly marketplace is backed by a real luxury watch, analysts say this platform offers sufficient cushion against demand and supply based market movements.
Moreover, luxury watches have always been in demand as a collectable and investable asset, which has shown sustainable growth over the years. The share of the luxury watch segment in the global watch market is expected to grow to 64% by 2025, according to McKinsey. These factors have created huge investor interest in CRNO tokens.
All CRNO tokens offered during the presale were sold out while the price of each token also jumped 690% from $0.01 to $0.079. CRNO works as the utility token of Chronoly marketplace. With Chronoly being the first of its kind blockchain-powered digital luxury watch market, analysts are expecting massive demand for CRNO tokens in future and a subsequent spike in price.
For more information about Chronoly.io Pre-sale
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
The post Chronoly (CRNO) sells like hot cake in Crypto Winter while Tezos (XTZ), FTX Token (FTT) struggle appeared first on Analytics Insight.
In a very short time, Chronoly (CRNO) token has emerged as the new crypto star, increasing investors’ wealth by 690% during its recently presale which ends in less than 24hrs. CRNO has outperformed cryptocurrencies like FTX Token (FTT) and Tezos (XTZ) that are visibly struggling to sustain growth after touching their all-time high prices in 2021. CRNO token’s super performance during the ongoing crypto winter reflects a surprise change in investment objectives of crypto buyers. There is a clear push towards sustainable assets that can give good returns even in a falling market.
Here’s a look at why Chronoly (CRNO) is attracting investors while FTX Token (FTT) and Tezos (XTZ) are failing to rise.
Tezos (XTZ) failing to convince investors
The price of a crypto asset can go up dramatically if there is huge demand. Weak demand means the price will fall. In this context, Tezos (XTZ) token price trends show investors are not very convinced about the future of this crypto asset under present circumstances. The XTZ token is currently trading at around $1.51, down 83.5% from the all-time high of $9.18 on October 4, 2021, according to CoinmarketCap data at the time of writing.
As an open-source blockchain network based on smart contracts, Tezos promises to offer a more advanced infrastructure compared to networks like Ethereum and Bitcoin. XTZ token holders can vote on proposals for protocol upgrades by Tezos developers. However, massive sell out by investors during the recent market crash has led to a sharp decline in the value of Tezos network’s cryptocurrency. The XTZ token price fell to $1.2 in June 2022 and hasn’t recovered much since then.
FTX Token (FTT) continues to trade in the Red
The FTX Token (FTT) is the native cryptocurrency of crypto derivatives trading platform FTX. While this exchange has survived the crypto market upheaval this year, the FTX Token (FTT) continues to trade in the red since it fell to $22.83 in June 2022. As per CoinMarketCap data, FTT is currently trading at around $24, down from the all-time high of $85.02 on September 09, 2021. The FTT token rose to over $31 in August but, just like Tezos, it has also failed to sustain the momentum since then.
FTX exchange is backed by Almeda Research, which is one of the leading companies in crypto trading and one of the largest liquidity providers. It is the third largest crypto exchange in the world by trading volume. As a leading exchange, FTX is facing stiff competition from giants such as Binance and Coinbase. The team behind FTX Token has promised to change the narratives to support growth. However, the efforts have not yet reflected in the FTT price movement.
Chronoly (CRNO) outshines FTX Token (FTT), Tezos (XTZ)
Backed by real-world assets, Chronoly.io platform is revolutionizing the way people trade and invest in luxury watches. Chronoly offers fractional non-fungible tokens (NFTs) of luxury watches that can be traded in the open market. As each NFT offered by the Chronoly marketplace is backed by a real luxury watch, analysts say this platform offers sufficient cushion against demand and supply based market movements.
Moreover, luxury watches have always been in demand as a collectable and investable asset, which has shown sustainable growth over the years. The share of the luxury watch segment in the global watch market is expected to grow to 64% by 2025, according to McKinsey. These factors have created huge investor interest in CRNO tokens.
All CRNO tokens offered during the presale were sold out while the price of each token also jumped 690% from $0.01 to $0.079. CRNO works as the utility token of Chronoly marketplace. With Chronoly being the first of its kind blockchain-powered digital luxury watch market, analysts are expecting massive demand for CRNO tokens in future and a subsequent spike in price.
For more information about Chronoly.io Pre-sale
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
The post Chronoly (CRNO) sells like hot cake in Crypto Winter while Tezos (XTZ), FTX Token (FTT) struggle appeared first on Analytics Insight.
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