Chronoly.io (CRNO) Sustains 560% Gain, While XRP (XRP) and Polkadot (DOT) Try to Recover

Chronoly.io (CRNO) has changed the way we trade and invest in the luxury watch market. Watch NFTs made by renowned brands like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet are listed on the Chronoly.io (CRNO) marketplace, where you can invest with as low as $10. Chronoly.io (CRNO) is an Ethereum-powered marketplace that lets users own a portion of investment-grade collectable watches, which are backed by a physical version that’s held in a vault. One good thing about Chronoly.io (CRNO) is that the more NFTs a person buys, the more ownership they gain over a particular watch. This feature has made investors become bullish on Chronoly.io (CRNO).

Since inception in May 2022, Chronoly.io (CRNO) has continued to grow, surpassing the performance and achievements of even the most prominent tokens on the market. Industry watchers believe that the 560% growth is as a result of the real-world use cases that the token offers. The project’s native token, CRNO, helps to power the Chronoly.io ecosystem and also offers massive rewards to token holders. According to the project’s roadmap, the developmental team plans to collaborate with reputable influencers to further promote the project to young investors.

XRP holders could have a reason to rejoice before the end of August despite the regulatory uncertainty surrounding the token. XRP, popularly known as Ripple’s native token, has been faced with massive price depreciation, thanks to the long-lasting SEC lawsuit. While major cryptocurrencies recovered from the persistence bear market in the last one week and broader equity markets strengthened, XRP attempted recovery both in price and its on-chain analytics. XRP showed a bullish sign in the last 24 hours but traded inside a short-term corrective pattern.

In a move to better the lot of the project, the XRP team registered for the Network Value to Transactions Ratio (NVT) charts. Whether you are a professional investor or not, the chart lets you clearly see a token price when it’s overbought. When the value of NVT is high, industry watchers consider it a bearish move, as the network’s worth is overvalued.

While the bulls attempted a recovery and were able to rebound, the price point of Polkadot (DOT) nosedived further below $7.22. Polkadot (DOT) is an open-source blockchain cryptocurrency platform. At its basic level, it provides interoperability and interconnectivity between different blockchains and also allows the exchange of messages without a trusted third-party. According to Coinmarketcap, the price of Polkadot (DOT) dropped by 3.65%, trading at $7.54. Evidently, the token attempted a recovery last week but immediately plummeted to its current price point.

Experts believe that the performance of Polkadot (DOT) is as a result of the presence of intense selling pressure from token holders. Plus, the bears had the opportunity to smack the bulls, which sets the next support at $7.05. Despite its performance, some token holders are still bullish, believing that Polkadot (DOT) is not the only coin affected by the global crypto waves. Polkadot (DOT) investors have called on the developmental team to invest more on digital marketing and advertising to attract young investors.

According to the project’s roadmap, the Polkadot team plans to list the token on more decentralized exchanges in the coming weeks. At press time, Polkadot (DOT) trades at  $7.54 USD with a 24-hour trading volume of $312,239,099 USD.

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Presale: https://presale.chronoly.io/register