Defying the general downturn in digital assets, Chronoly.io, an Ethereum-based 24/7 watch investment platform, has rapidly gained traction among NFT buyers in 2022. The uniqueness of the Chronoly platform has attracted analysts while its utility token, CRNO, has enjoyed massive success in the recently concluded presale, which was sold out. In contrast to the rising popularity of Chronoly, prolonged sell-off in other digital assets has made investors skeptical about projects like Decentralnd (MANA) and Doodles. The big hype around NFTs and metaverse tokens of the previous year has been replaced by growing questions over their long-term viability. Here, we take a look at how Decentraland (MANA) and Doodles have performed and what Chronoly (CRNO) is offering.
For crypto investors looking to multiply their wealth quickly amid the global recession fears, Chronoly (CRNO) may be the best option. CRNO is the utility token of Chronoly.io, an investment platform that allows users to own a share of luxury watches for as little as $10.
Luxury watch segment has always been a niche market for the super rich. However, with the help of fractional NFTs, Chronoly is making it possible for everyone to own a share of a luxury watch. The owners of these assets can even trade their holdings without any risk as each NFT offered by the platform is backed by a real watch. These features have created a huge goodwill for CRNO, the utility token of Chronoly marketplace.
After the massive success during presale, Chronoly’s utility token is going to be launched for the public on UniSwap decentralized exchange on October 6, 2022 (17:00 UTC). The CRNO token price jumped 690% during presale. Analysts are now predicting that the CRNO token would jump to $3 and it has the potential to rise by over 10,000% from the launch price of $0.079 to $8. Holders of CRNO tokens will also have the opportunity to earn 18.6% annual yield through staking and participate in a monthly lottery to stand a chance to get a Rolex for free.
Riding on a visually appealing color palette and a community driven DAO, Doodles NFT has enjoyed massive popularity, quickly emerging as one of the most well-known and admired NFT projects. Doodles offer a collection of 10,000 non-fungible tokens (NFTs) featuring vibrant and colorful characters like cats, pickles, papers, sentient flames, skeletons, human representations and more.
However, demand for Doodles NFTs is waning due the emergence of many similar projects. According to DappRadar data, the sale volume of Doodles NFT collections shrunk by 10.66% in September while the market cap of the project dropped by nearly 18% to $104.11 million. The current floor price of Doodles is 7.84 ETH ($10,408 ). There were only 879 users and 1340 transactions for Doodles NFTs in the last 30 days, according to data at the time of writing.
Ethereum-based Decentraland (MANA) has been seen as a game changer for the metaverse. However, falling markets and a growing general distrust over digital assets have resulted in a sharp fall in the price of Decentraland (MANA), the cryptocurrency powering Decentraland metaverse. According to CoinMarketData, MANA’s current price of $0.696 is over 88% lower than the all-time high of $5.9 on November 25, 2021.
During the digital asset frenzy of 2021, Decentraland (MANA) looked all set to rule the metaverse. Hoping for hefty profits, a lot of investors burned real money to buy land in Decentraland. However, their hopes have been dashed due to frequent market crashes in 2022. In February this year, MANA was trading around $3.8 but failed to continue the momentum. It fell to $0.70 in May 2022 and hasn’t looked up much since then.
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