Will Polygon and Chronoly Continue to Dominate the Market?
Photo: Chronoly
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At some point in our life, we’ve all thought that investing in cryptocurrency would have been more beneficial than keeping cash in our wallets. But, then the bear market happened and billions of dollars were wiped out. We’ve seen this happen repeatedly, where the market goes down, people panic, and they sell their investments at rock-bottom prices.
Though the crypto market is regarded as volatile and unpredictable, projects like Chronoly (CRNO) and Polygon (MATIC) have shown remarkable resilience during the recent turmoil. In this article, we will review some facts about these projects that corroborate their growth prospects.
Chronoly (CRNO) recently concluded its phenomenal presale phase, where CRNO tokens were completely sold out, and was listed on UniSwap Exchange last week. Polygon (MATIC) is another cryptocurrency that has been making some noise in the market lately. But which token will give you a better Return on Investment (ROI) and not go bust like many crypto projects did earlier this year?
Let’s find out.
Will Polygon Lead in the Bearish Market?
Polygon is a blockchain network that uses Proof of Stake (PoS) to validate transactions. Polygon (MATIC) was the first to address the key issues associated with Ethereum, like high gas fees and network bottlenecks.
Polygon formed a team that believed in creating a seamless and borderless world that could run on Ethereum efficiently. Polygon’s native token, MATIC, is primarily used on the blockchain as a staking token to validate transactions using Proof of Stake (PoS). In addition to serving as a capital asset that increases in value over time, MATIC also serves as a utility token to use the platform, and can be staked to earn regular returns.
If we look at the performance of Polygon (MATIC), it was up 12.30% in the past week. MATIC’s all time high (ATH) was $2.87 in December 2021. While MATIC dropped by 6.66% last month, it has given a 60% return in the previous 3 months.
Polygon (MATIC) has a market cap of $7.39 billion, at the time of writing this article. Currently, around 8.73 billion MATIC coins are in circulation, and the maximum supply cannot exceed 10 billion MATIC coins.
Why Are Investors Optimistic about Chronoly (CRNO)?
If you’re a watch enthusiast, there’s only one thing you need to know: Chronoly (CRNO) is the future of luxury watches.
Chronoly (CRNO) allows users to make small investments in rare luxury watch collectibles like Patek Philippe, Rolex, Richard Mille, and more such brands for as low as $10. For less than the cost of a meal at your favorite food cart, you can own a fractional share in one of the luxury watches.
CRNO token holders can get the token from UniSwap and stake their tokens to earn up to 18.6% per annum in passive income. Thus, you can sell it later when you want to earn a few extra bucks or upgrade your collection with another brand from the Chronoly marketplace.
But that’s not all: Chronoly (CRNO) also gives users access to a monthly lottery where you can participate for FREE and win luxury watches like Rolex.
If all this isn’t enough to get you excited about investing in Chronoly (CRNO), consider this: according to analysts, Chronoly’s token, CRNO, is expected to reach $3 within a few days of trading on UniSwap Exchange, and has the potential to hit as high as $8 in the coming months. If you invest today and sell at the right time, your investment could grow by over 10,000%.
Don’t wait to miss the opportunity. Check out Chronoly’s website and take advantage of all the benefits they offer.
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