Investors in Tron (TRX) and Crypto.com’s Cronos (CRO) are beginning to look to other tokens for a more rewarding place to put their hard-earned cash. With the controversies surrounding Tron and the lackluster performance of Cronos, it’s time to take a look at why traders are buying up the Chronoly.io CRNO token which is already up 560% and could sell out fast.
Tron (TRX) has limited profit potential
In June, Tron lost the peg for its algorithmic stablecoin, USDD. Following the loss of its peg, Tron TRX plummeted 29.12% over June 13th and 14th, causing investors to doubt Tron’s long-term stability and potential for gains.
Tron currently sits at #17 in the list of the world’s top crypto projects but has seen criticism in the past over accusations of stealing code from some of its fellow crypto majors. Following its recent drop, prices sit at $0.069 (a whisker away from Chronoly’s CRNO’s price in August 2022). Even then, Tron only hit highs of $0.18 back in April 2021.
Combined with the lack of profit potential compared to other projects and an overall sense of lagging behind some newer projects, like DOT or CRNO, crypto enthusiasts are starting to look elsewhere.
Cronos (CRO) cuts benefits for cardholders
Formerly the Crypto.com coin, Cronos (CRO) is the token that powers the heavily-branded Crypto.com exchange. In recent weeks, negative sentiment has surrounded Cronos CRO after Crypto.com announced it was upgrading its popular Visa Card; however, the 100% Spotify and Netflix rebates that users enjoyed will no longer be a feature. Instead, users will see a measly 2% cashback, with questions raised about what this indicates for the longevity of Crypto.com.
Some investors are also looking to cut their losses after an eye-watering 86% drop from highs of $0.974 back in November 2021, now sitting at $0.137 on August 1st.
Chronoly.io (CRNO) looks ready for explosive gains
Now, investors in Tron and Cronos are starting to look at Chronoly.io CRNO as a better place to put their money. The CRNO token powers the Chronoly.io ecosystem, a decentralized marketplace that lets anyone invest in some of the world’s most prestigious watch brands. Rolex, Patek Philippe, Audemars Piguet, and Richard Mille all feature on the roster.
Each watch is genuine, held in a secure vault. Chronoly.io mints NFTs that are backed by the value of these watches – making it one of the few decentralized marketplaces that have NFTs linked to a real-world, valuable item. Using the power of NFTs, the world’s rarest watches can now be invested in for as little as $10. These NFTs can be traded or even borrowed against.
The CRNO token is currently in phase 3 of its presale, up 560% from its May launch price of $0.01, now sitting at $0.066. The CRNO token can be staked for passive returns of 15%+ per year and reduces fees for any transaction made on the platform.
With its launch on mainstream platforms in September 2022, Tron and Cronos holders are now buying up CRNO rapidly. Having seen an already substantial price increase, some estimate gains of over 1,000% over the next few months, which would rocket past Tron’s peak within 6 months of launch.
For more information about Chronoly.io presale
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