New release Chronoly (CRNO) soars while Cardano (ADA) and Decentraland (MANA) fail to recover

The Chronoly (CRNO) token has been increasing in price and reputation since the coin was officially launched. The project brings a 24-7 trading marketplace to the luxury timepiece investment world. Chronoly (CRNO) improves the transparency and liquidity of the watch marketplace, providing traditional investors with the opportunity to sell their watch collections or use them as collateral in the blockchain world. The project is still in the early stages of its roadmap and will have further upside as awareness continues to increase in the market.

Coins such as Cardano (ADA) and Decentraland (MANA) have been the market darlings over the past year but have since slumped as investor activity slows in the cryptocurrency sector. The investment potential of Chronoly is greater as it does not rely on volumes for sectors such as DeFi. The project mints NFTs for luxury watches providing strong support for the coin, even in bearish markets.

>>Buy Chronoly Tokens<<

Cardano (ADA) and Decentraland (MANA) have weakened

The cryptocurrency bear market has not been kind to coins like Cardano (ADA) and Decentral (MANA). Cardano completed an overhaul of its technology and positioned itself for DeFi developers and deposits, but that market has dried up after the collapse of LUNA and its Terra stablecoin. With U.S. treasuries rallying, the investment world has shunned riskier assets. The price of Decentraland (MANA) has also suffered with the project suffering from negative sentiment over the outlook for the metaverse.

The Decentraland project had a market cap of $6 billion in November but that has slumped to almost $1 billion. Cardano had a market value of $52 billion but has seen that decline to only $14 billion. Chronoly has launched at a great time as investors look to get into new opportunities at the starting level during the current market lows in crypto.

Chronoly (CRNO) has first mover advantage in this sector

Chronoly has now launched after the final stage of its presale and investors will see the project soar in popularity after listing on the likes of Uniswap and CoinGecko. This will increase the mainstream exposure of the project and will attract investors to the Chronoly marketplace for luxury watch NFTs. CRNO holders can also stake their tokens for a passive income.

Cardano (ADA) was positioning itself as a DeFi project but will now have to wait for investors to return to the sector. Decentraland (MANA) will also have to wait for further developments and adoption of the metaverse. For Chronoly, the market is constant due to the popularity of watch investment. Prices of timepieces rallied in January with the decline in stocks as investors swooped for a safe haven. Chronoly now has the opportunity to bring the watch world into a digital age with a 24-7 marketplace for timepieces. Each watch model will be backed by an NFT with fractional investing possible and a chance to use them as collateral.

For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio

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