Should you buy Chronocatz NFTs for another bull market?

Non-fungible tokens (NFTs) were one of the cryptocurrency’s hottest sectors in the last bull market. The sales data for digital collectibles slumped this year with the crypto bear market but there are signs of life. One of the important takeaways is that top-class projects like CryptoPunks and Bored Apes have held their value well. The floor price for both projects is around the $100k level.

There are also some new collections getting attention as investors look for the next big thing and Chronocatz is a contender. This is a new collection from Chronoly, which is a marketplace for luxury watch NFTs. Holders of the Chronocatz NFTs will get access to a private members club and receive various perks and rewards.

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NFT Market slumps but shows life again

Many non-fungible tokens have lost up to 70% of their floor prices. Previous data on the market showed a 92% slump in sales volume. According to DappRadar, the third quarter of 2022 saw $3.4 billion in NFT sales, down from $8.4 billion the previous quarter and $12 billion at the market peak in Q4 of that year.  Despite this, the blue-chip projects are still holding up well. Punks and Apes are seeing around $20 million in monthly sales and some new projects like Azuki, and Ethereum Name Service are also doing well.

The goal of NFT projects now is to be a blue-chip name and Chronocatz has the potential for that due to its ties to luxury watches. Timepieces from the likes of Rolex and Audemars Piguet have been a strong investment for decades and now the Chronoly platform will bring them to the blockchain. The NFT collection is not a sales gimmick with the collectibles offering access to a private members club. Luxury watch investors who get their hands on them will receive perks, rewards and access to NFT watch drops and auctions.

Chronocatz NFTs can reward early investors

New collections such as Critters Cult have been popular with the project taking in $3 million in the first month. Investors looking for the next big thing should consider Chronocatz. This is a collection of 7,777 unique cats with different clothes, fur, and accessories. The key accessory is the watch worn by the Cat which is a luxury timepiece. The watch provides a tiered reward system for members with access to the Chrono Wealth Club. Once members are there, they can get access to higher staking yields, exclusive NFT drops, and auctions. The project will also have a community buzz with parties and events which is perfect for experienced watch investors.

Chronocatz NFTs were released by the Chronoly marketplace which is a decentralized marketplace for luxury watch trading. The platform can bring investors of all ages as it merges a tried and tested asset class with blockchain technology. Celebrities are always keen investors in luxury watches and endorsement could add meme coin status to the project. Like the CryptoPunks and Bored Ape collections, the Chronocatz project could win the trust of  investors, with an asset tied to a real-world.

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

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