Recently, investors are keenly observing the performance of three crypto projects – Aave (AAVE), Wrapped Bitcoin (WBTC), and Chronoly.io (CRNO). However, the market performances of these projects have not been the same. The price of Aave (AAVE) and Wrapped Bitcoin (WBTC) have been going down the hill for a long time. Therefore, AAVE and WBTC holders are shifting to Chronoly.io (CRNO). Chronoly.io (CRNO) has posted an astounding growth of 690% during its pre-sale.
Bears Come Hard On Aave (AAVE)
Bears have once again pressed Aave (AAVE) under the carpet. Aave (AAVE) witnessed a good run for a few weeks before tumbling again this month. The price of Aave (AAVE) has dropped to $76.30 after falling around 5% in the last week. On the monthly price chart, Aave (AAVE) has nosedived around 14%. Notably, Aave (AAVE) reached $96.95 on September 12 for its monthly high but took a sharp dip to fall to $70.30 on September 22. These sharp fluctuations in the price of Aave (AAVE) have kept its investors worried. AAVE’s current trading price of $76.30 is around 89% below its all-time high of $666.86.
Aave (AAVE) is a blockchain-based lending platform that allows people to deal in the lending and borrowing of crypto assets. On Aave (AAVE), people can lend, borrow, and earn interest on crypto assets. Aave (AAVE) aims to establish a system where borrowing and lending of crypto assets can take place without any intermediaries.
Few Highs and Many Lows Keep Wrapped Bitcoin (WBTC) Down
After shedding about 10% of its value in the past month, Wrapped Bitcoin (WBTC) is currently being traded at $19,041.52. Wrapped Bitcoin (WBTC) has tumbled over 4% in the last week. Although Wrapped Bitcoin (WBTC) has recovered from its monthly low of $18,174.97, it is still down by 20% from its monthly high of around $22,766. Such inconsistent performance has plagued Wrapped Bitcoin (WBTC) for a long time. Notably, the current trading price of Wrapped Bitcoin (WBTC) is over 88% below its all-time high of $162,188.26, and investors are concerned whether the token will ever reach its all-time high again in future.
Wrapped Bitcoin (WBTC) is an ERC-20 token developed to represent Bitcoin (BTC) on the Ethereum blockchain. Wrapped Bitcoin (WBTC) allows people to use BTC on the Ethereum network.
Chronoly.io’s Market Stature Grows By 690% After Pre-sale
Chronoly.io’s (CRNO) pre-sale has culminated with a 690% growth, and nearly all its CRNO tokens were sold out before the deadline. Chronoly.io (CRNO) is the first-of-its-kind blockchain-based digital marketplace that allows fractional investments in luxury watches.
With Chronoly.io (CRNO), people can gain partial ownership of rare collectable timepieces by making fractional investments in luxury watches. Chronoly.io (CRNO) mints NFTs of rare collectable watches after purchasing them from authentic sellers. After minting NFTs, Chronoly.io (CRNO) stores these luxury watches in secured vaults that provide lifelong backing to CRNO’s price. Chronoly.io (CRNO) users can invest in these NFTs, starting from a small amount of as low as $10. However, if people buy 100% NFT of any luxury timepiece, they can burn it to claim the physical version of the watch.
Chronoly.io’s (CRNO) NFTs are backed by physical watches. Chronoly.io (CRNO) stores the timepieces, against which NFTs have been minted, in secured vaults. This links the price of CRNO with the value of luxury watches. Therefore, investors are confident about Chronoly.io’s (CRNO) price appreciation. Luxury timepieces have always seen a rise in their value. Chronoly.io’s (CRNO) whitepaper underlines that the luxury watch market is set to record a profit of $49 billion in the coming years.
No wonder Chronoly.io’s (CRNO) price is up by 690%, jumping from $0.01 to $0.079 in just three months. Meanwhile, analysts expect Chronoly.io (CRNO) to grow by another 5,000%. It is also expected that the price of Chronoly.io (CRNO) can reach $1.00 in the next few months.
For more information about Chronoly.io Pre-sale
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