Filecoin (FIL) falls 30% in the last week while Chronoly (CRNO) rises 400% in presale

Volatility, what does it mean?  With regard to safety or investment, it generally refers to the degree of uncertainty or risk associated with the magnitude of changes in a security’s value. Higher volatility means that a security’s value may be spread over a wider range and is prone to going higher or lower faster than a more stable asset. Put simply, frequent and wildly unpredictable swings in market value. Most investors say that the best defense against it is to have a broad portfolio of investments so that when you lose on the swings, you make up for it on the roundabouts.  Here is an example of two coins swinging in opposite directions, as an illustration, Filecoin (FIL) and more specifically Chronoly (CRNO).

Filecoin (FIL) got the springtime blues

Filecoin is a decentralized peer-to-peer file storage network with the goal of allowing anyone to store, retrieve, and host digital data. Filecoin makes cloud storage a commodity and allows users to sell their data over the network. Users pay storage providers to keep their data, and according to Filecoin’s official website, available storage and storage prices are not controlled by any single company. Filecoin, on the other hand, promotes free marketplaces and allows users to keep their data for ultra-low pricing.

Users can choose replication parameters to guard against various threat models and content is encrypted end-to-end at the client, with no access to decryption keys held by storage providers. Filecoin checks proofs and takes corrective action automatically when necessary, making life much easier for archivists, scientists, and other cloud and dataset professionals.

Filecoin (FIL) is the protocol’s native cryptocurrency, and it may be used as a payment option for network services as well as an economic incentive to guarantee files are stored stably over time. Filecoin’s (FIL) value has been steadily declining since September 2021, despite the fact that its use case appears to be quite robust. Clearly, the bears are winning the battle of market forces at the moment. As a result, on May 12 last month, FIL hit a new all-time low.

Chronoly (CRNO) shoots upwards

The CRNO coin is in its presale stage right now. The tokens traded at $0.01 during the first phase of the presale, having appreciated by 400% since the presale was announced. The significant gain persuades crypto traders that the tokens have room to expand much more this summer.

They’re also convinced of its unique real-world applications, which, together with the token’s appreciation during the presale, persuade potential investors of the token’s investment worthiness. Experts believe the coin is likely to increase in value by a further 1,000% before the end of presale. Money can be made by smart investors whether any particular stock or coin is heading up or down. You just have to know where the bears are gathering and where the bulls are charging. Right now, the bulls are stampeding for Chronoly (CRNO). Crypto expert and analyst Roger Walbach predicts that Chronoly could overtake Binance coin by the middle of 2023. If you are prepared to hold onto this gem you could be looking at a 1,000 times ROI on your investment.

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