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) 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 $10 level. However, it was still a long way from its previous highs of $50. On higher timeframes, the continuous decline stayed solid, and DOT prices appear to be moving lower on lower timeframes as well. Polkadot (DOT) had been trading in a range between $10.57 and $9.27 during the previous ten days, but the price appeared to be headed back under the $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.
After dropping into oversold territory in the first week of May, Hedera’s native crypto, HBAR, appeared to be on the verge of 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 a steeper downside is ever-present.
In the previous seven days, HBAR has seen a 42 percent drop as the crypto market has experienced one of its worst drops in recent memory. The cryptocurrency plummeted from a weekly high of $0.155 to a new low of $0.073. After bouncing off its long-term falling trend line, it has since rebounded to $0.1028 at the time of writing. Over the previous 24 hours, the token has increased by 31.84 percent.
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 getting into Chronoly (CRNO) as an attractive and growing real asset-backed coin.
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, allowing investors to begin investing in eye-watering expensive branded watches even with small amounts of money. Chronoly (CRNO) is a crypto that bucks the trend; which is to say that when the market goes down, Chronoly (CRNO) goes up. The reasons for this are:
- It is a genuine utility token.
- 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 timepieces.
- The assets are backed by NFT.
- Blockchain-based verification.
It is estimated that the global watch market is valued at 49 billion dollars, with the secondary watch business accounting for 18 billion dollars. Owning the NFT enables everyone in the whole world and his brother 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 asset-backed project.
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