Over the past few weeks, the cryptocurrency markets have been massacred. Just seven months ago the market capitalization of crypto stood at $3 trillion. Now it has plummeted to $809 billion. None of the major names in crypto have escaped unscathed:Here are three coins you need to consider seriously to turn those losses into gains over the coming months and years: Hedera (HBAR), Filecoin (FIL) and Chronoly (CRNO).
Hedera (HBAR) has strong backing
Hedera (HBAR) is the first public ledger to use hashgraph consensus, a faster and more secure alternative to blockchain consensus. Hashgraph is faster than Bitcoin (BTC) and Ethereum with over 10,000 cryptocurrency transactions per second. Its revolutionary gossip protocol and virtual voting system are backed by a council of 39 worldwide companies. These council members contribute business and procedural expertise to public ledger systems.
Hedera (HBAR) enables the ability to request or attach identity certificates to transactions. These features enable future capability and are optional for end-users. Hedera (HBAR) wants to engage with authorities to help firms achieve consumer protection and regulatory compliance duties.
Filecoin (FIL) is all about incentives
A decentralized peer-to-peer storage network called Filecoin(FIL) enables anyone to store and retrieve files. It is an open-source cryptocurrency. On the Interplanetary File System peer-to-peer storage network, which is an open-source research and development lab, the Filecoin (FIL) network was created (IPFS). Coinbase, Gemini, Crypto.com, and Binance are a few websites that let users buy Filecoin.
Filecoin(FIL), which is sometimes referred to as “the future of data storage,” offers cheaper data storage prices and has the potential to generate a market that fills up vacant storage space in data centers. Additionally, the Filecoin network prioritizes aligning participant incentives and is resilient enough to recover from disruptive events, which maintains data security and streaming.
Chronoly (CRNO) is a new and truly stable ‘stablecoin’
Most great companies start with a great idea and Chronoly had a great idea. Instead of a cryptocurrency that relies on gimmickry and hype, they decided to create a token that is actually backed up by real-world value. Chronoly (CRNO) is the first fractional investment platform for watches. It offers a platform that enables investors to buy fractions of high-end luxury watches that appreciate in value over time, each fraction is minted and turned into an NFT, which makes it possible to trace ownership. Meanwhile, the real watch is stored in a vault and can be redeemed once an investor owns all fractions of the piece. So, each Chronoly NFT is backed by real, and historically appreciating, assets.
It’s rapidly rising value speaks of the excitement surrounding Chronoly, which is actually still in its presale period. The price has increased from $0.01 to $0.06 since the presale started in May, and analysts believe it may reach $0.50 by the time the presale ends in September. These early presale investors will receive a return of 5,000 %. Compared to Hedera and Filecoin, Chronoly could have the greater potential.
For more information on the Chronoly presale here:
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.
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