Investment strategies vary depending upon which investors you talk to. But one of the critical factors that influence their decision is time. Some investors take a short-term, speculative approach. In other words, they like a quick exit with maximum profits. Others take a more medium or even long-term ‘wait and see’ approach. They expect to invest in a particular security for years instead of weeks or months. Whichever you are, we stack up two coins to see how they compare, Avalanche (AVAX) and Chronoly (CRNO).
Avalanche (AVAX) is growing at a rapid pace
Avalanche has the potential for long-term growth due to its design and increasing ecosystem. Valkyrie Investments, a financial services provider, has already announced the launch of a fund dedicated only to Avalanche-related assets. At the same time, it has a lot of inventive competition, and its value fluctuates like other cryptocurrency assets.
The network’s many blockchains and the Avalanche consensus method have performed admirably, to Avalanche’s credit. Avalanche’s transaction costs are cheap, and its transaction time-to-finality is faster than any other blockchain, according to the company.
So far, Avalanche has grown at a rapid pace. While Avalanche is in a good position right now, it’s difficult to say which smart contract blockchains will be the most successful. If you decide to invest in Avalanche, keep in mind that the price will most likely change a lot. Because of the uncertainty, it’s best not to put all your eggs in the crypto basket and just as importantly, give your investment time to grow.
Chronoly (CRNO) is scaring away the bears
The Chronoly native token, CRNO, is the first blockchain-based platform that enables small-scale investors to purchase and sell luxury watches, including Richard Mille, Audemars Piguet and Rolex. It is still available for presale buyers until the end of September. Despite this, the initial price of $0.01 has increased to $0.05 as of the time of writing. Chronoly is clearly bucking the market trend.
Since its debut in early May 2022, the price of Chronoly (CRNO) presale tokens has grown 400 %, which has shocked the cryptocurrency market. In fact, within 15 minutes of the presale’s launch, almost 20 million tokens were sold. As investors scramble to locate a project supported by an appreciating real-world asset, some crypto experts and analysts anticipate an additional 2,500% gain during the presale period.
The project’s innovative combination of real-world assets and non-fungible tokens has attracted many crypto traders. In Phase 1 of the presale, over 2,250 investors have snapped up around 190 million tokens. This is why many market watchers believe that Chronoly (CRNO) could easily surpass its $0.50 price target by July 27, 2022.
But Chronoly offers more than just capital appreciation. Chronoly members get other benefits such as discounted trading fees, a 10% referral fee and the chance every month to win an actual precious watch in the Chronoly lottery. It sounds like a very good investment to us.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.