This year has brought many upheavals in the crypto market. Starting in January 2022, the market began to decline, the decline intensified around April and May, and the crypto sector fell by the end of July. Many cryptocurrencies lost their ground during this period, and their value fell severely.
However, since the end of July, the market has shown signs of revival, and so do many cryptos. Two notable cryptos here are Elrond (EGLD) and Tezos (XTZ). After the revival of the market, these cryptos have also entered an uptrend phase.
Meanwhile, the market has breathed a sigh of relief and is enjoying the success of Chronoly.io during this difficult time. Chronoly.io is the new entrant in the market which has registered a growth of over 560% during its pre sales stage,
Tezos (XTZ) starts an upward move after months
Tezos (XTZ) has been trending upwards over the past week. It is currently trading at $1.94. However, its current price is still the coin’s all-time high. is below $9.12,
Not long ago, Tezos (XTZ) was one of the favorites of crypto investors. However, lately the network has been falling apart.
The Tezos (XTZ) network is known to have introduced a system of self-governance. Tezos (XTZ) allows peer-to-peer transactions, trading of assets, developing applications and creating smart contracts like most other crypto projects. However, Tezos (XTZ) is considered different as it has positioned itself as a platform with self-modification and on-chain governance.
Self-modification and on-chain governance mean that anyone who owns XTZ crypto can introduce and vote on changes to the network’s rules. This is different from other projects where the control rests with the developers or key stakeholders.
Elrond (EGLD) signals the end of the dormancy
The price of Elrond’s EGLD has been rising for the past few weeks. In July, Elrond’s EGLD registered an increase of about 17%. The price of EGLD has registered an uptrend.
Elrond (EGLD) entered the crypto market as competing Ethereum. It is a layer-one blockchain protocol. Elrond has established itself as a leading smart contract network for dApps developers because it promises to provide developers with a cheap and fast environment. The EGLD is used as the native token of the Elrond network. Elrond uses the Proof-of-Stake (PoS) protocol. Furthermore, it allows investors to stake their EGLD tokens.
Noting that the overall crypto market has shown some signs of revival, analysts expect EGLD to rise further, supported by bullish sentiments. Currently, EGLD for Elrond is trading around $67.
Chronoly.io demand increases further
Chronoly.io’s iteration on the crypto market has been the dream of many projects. The pre-sale of Cronoli’s CRNO token is recorded as one of the most successful pre-sales in the crypto market. Cronoli’s CRNO token is 560% increase Since its launch in May 2022.
The Chronoly.io platform lets people make partial investments in NFTs of luxury watches from multinational luxury brands. Chronoly.io buys a physical version of the clock and mints NFTs against them. Therefore, there is a certainty to the sustainability and profitability of the project because it is Backed by real-world assets.
The project’s whitepaper also outlined that the luxury watch market is valued at $49 billion and lacks innovation. The value of luxury watches typically increases over time as they are unrelated to the stock markets or influenced by market sentiment.
Due to its unique features, tangible utility, and support for real-world assets, the value of Cronoli’s CRNO has turned ballistic, increasing by more than 560% in just a few months. The current price of CRNO has increased from a launch price of just $0.01 to $0.066. Analysts have also predicted that CrNO can increase by more than 3000% alone for the next two months.
For more information about the Chronoly.io presale,
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