Why Chronoly (CRNO) is outperforming Stellar (XLM) and eCash (XEC)

The performance of
Stellar (XLM) cryptocurrency has been below par in 2022. Ranked 25th by market
capitalization on CoinMarketCap, Stellar network’s native digital currency, XLM
or Lumens, has managed to reach a price of $0.12, increasing 12% in the last 7
days. However, this price is much lower than XLM’s all-time high (ATH) of $0.87
recorded on January 3, 2018. XLM price is down 86.3% from the ATH. In the last
one year, XLM price has declined by over 60%.

Stellar network’s
XLM token is stuck in the red zone for a very long time, leading to massive
depreciation of investors’ wealth. Experts are now warning that the price of
XLM token may fall further amid a global market downturn due to rising interest
rates and recession fears.

Stellar is a
decentralized peer-to-peer network trying to solve the issue of high
transaction costs, especially during cross-border payments. However, with so
many crypto projects trying to solve the same problem, Stellar is stuck in a
stagnant market as common investors are yet to fully trust decentralized crypto
platforms.

In the ongoing
crypto winter, eCash (XEC) has emerged as one of the wealth destroying crypto
assets. XEC cryptocurrency is a fork of Bitcoin and Bitcoin Cash. It was
designed to serve as electronic cash. But at a time when Bitcoin’s price has
plunged below $20,000, investors are not showing much interest in eCash (XEC).

According to
CoinmarketCap data at the time of writing, the price of eCash token is
$0.0000401, which is 93% below its all-time high of $0.0005926, recorded just
10 months back on November 10, 2021.

The development team
behind eCash wants to make XEC a digital currency that anyone can use across
the world. However, this is not the first of its kind crypto asset that aims to
become the global digital currency. There are many cryptocurrencies, including
Bitcoin, which aim to become the global currency in future. Investors,
therefore, are not showing much confidence in eCash (XEC), indicating why the
price of this crypto asset is plunging.

While investors are
keeping away from stagnating cryptocurrencies like Stellar (XLM) and eCash
(XEC), Chronoly (CRNO) has dazzled the crypto world with massive growth in a
short time. Interestingly, the jump in CRNO price is not because of any social
media hype. Rather, the performance of Chronoly (CRNO) is backed by solid
fundamentals and a unique value proposition.

CRNO is the utility
token of digital watch marketplace Chronoly.io, which offers fractional ownership
of high-value luxury watches through non-fungible tokens (NFTs) for as little
as $10. The ownership is real as each NFT minted by this marketplace is backed
by a real watch kept in a secured vault.

Holders of Chronoly
(CRNO) NFTs can trade their assets and gain from future price appreciation of
luxury watches. This special feature of the Chronoly platform has created a
huge support for its utility token, CRNO. During the sold-out presale phase,
Chronoly’s CRNO token jumped 690% from $0.01 to $0.079. The price of CRNO
tokens is expected to rise faster after formal launch on crypto exchanges.

For more information about Chronoly.io Pre-sale

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

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