There is a distinct history and user base for every alternative cryptocurrency, or “altcoin.” Despite the abundance of alternative cryptocurrencies, not all of them are worthwhile investments. This could lead to a big price increase in the long run, as some may prove useful and desirable for a wide range of tasks. However, some of them may be useless or even dishonest in the long run. Here are 3 coins that we believe are going places, one much more than others. Hedera (HBAR), Neo (NEO) and Chronoly (CRNO).
Hedera (HBAR) is rebounding from the market chaos
After plunging into oversold territory in the first week of May, Hedera’s native cryptocurrency, HBAR, appeared to be on the verge of bullish recovery. Until recently, the market appeared to be heading in the right direction for Hedera; however, it has since taken a turn for the worse, resulting in further losses not seen since February of 2020.
The Hedera HBAR price has dropped over 22 percent in the previous seven days as the crypto market has experienced one of its greatest crashes in recent memory. With the entire market in freefall investors are starting to look for tokens with real world use cases like Chronoly that have proved a success even during a bear market.
NEO (NEO) what does the future hold
While some people have called it the “Ethereum of China,” Neo investors have had a wild ride over the past few years, especially when China began to gradually impose harsher crypto legislation applicable to the project. Decentralized finance (DeFi) has been an important part of the community’s infrastructure since the launch of Neo’s N3 mainnet in December of last year, and the community appears to be thriving despite the odds.
The “dramatic decline in price” of Neo was not anticipated, according to Neo investors. Despite this, they elected to remain on to their NEO tokens despite the price volatility, citing the project developers’ commitment to the underlying technology.
Chronoly (CRNO) is a true treasure
Chronoly (CRNO) is establishing the first fractional watch investing platform, allowing anybody to buy, sell and invest in watches. By creating NFTs backed by exclusive, rare and luxury timepieces and fractionalizing them, they’ve democratized luxury watch ownership and lowered barriers to entry by allowing anyone to invest from as little as $10. Chronoly is changing the way the rich invest in luxury watches and appreciating assets. Their financing system leverages billions spent on fancy timepieces. NFT owners can borrow at competitive rates using their watches as collateral. Chronoly (CRNO) will support multiple blockchains in stage 2 of development. Watch NFTs can be traded like equities. The platform lets users borrow against their assets and incorporates decentralized capabilities that let them store NFTs on any ERC-20 wallet.
Chronoly will run a monthly lottery, where one of the winners will win a luxury watch alongside cash prizes for the first and second place. By owning CRNO tokens you will automatically entered to participate in the giveaway. CRNO owners will also be able to stake their tokens to make extra passive income.
Due to its real-world use, 115,000,000 CRNO tokens were sold in phase one of the presale. Crypto analysts estimate CRNO to rise a further 2,500% before the conclusion of presale. Davido Monroe, a top crypto expert, estimates Chronoly will reach a market cap $750 million in 2023. So this week’s pick for the cryptocurrency most likely to bring the largest gains for investors is, you guessed it, Chronology.