There’s a new name on the DeFi block, and it’s already making waves in the crypto space!
Over the past few months, Chronoly (CRNO) has gained considerable popularity, reflected in the outstanding performance of its CRNO token, which recently listed on UniSwap.
But does Chronoly have the power to leapfrog established projects like Monero (XMR) and eCash (XEC)? Let’s take a look at the features and performance of the three projects before deciding!
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What is Chronoly (CRNO)
Chronoly.io (CRNO) is the world’s leading fractional watch investment platform, offering investors crypto and NFTs backed by high-end watches like Patek Philippe, Richard Mille, Rolex, Audemars Piguet and other brands.
Users of Chronoly can start investing in watches for as little as $10 and access private member clubs with perks like watch-specific concierge services, unique NFT drops, networking opportunities, and more.
The Chronoly ecosystem is powered by the CRNO token, which was launched on UniSwap on October 6, 2022, at a price of $0.079. Chronoly Token holders can now stake their CRNO tokens and earn up to 18.6% per year in passive income and even enter a monthly watch lottery with a chance to win a Rolex.
The performance of Monero (XMR)
Launched in 2014, Monero (XMR) is a privacy-focused crypto payment network designed to ameliorate the untraceability issue with Bitcoin.
In 2017, Monero’s native token, XMR, experienced its first major rally after introducing Ring Confidential Transactions (Ring CT) to hide Monero transaction amounts. As a result, the native token of the Monero network, XMR, rose from $14 at the start of 2017 to around $350 by the end of the year, roughly 23 times the returns. The Monero (XMR) token even reached its all-time high of $517.62 on May 7, 2021.
However, after this resounding success, monetary policies were tightened globally in 2022, causing the price of the XMR token to drop to $156.84 on September 5, 2022 and $138.27 on October 21, 2022.
The performance of eCash (XEC)
eCash (XEC) is a cryptocurrency designed to be used as electronic money to pay for goods and services. Originally known as Bitcoin Cash ABC (BCHA), the cryptocurrency was rebranded as eCash (XEC) in 2021.
The first price data chart of 2021 shows a drop in the price of eCash’s native token, XEC, from $0.00002753 on July 8, 2021 to $0.0000173 on July 20, 2022 – a fall of over 37% .
The eCash token continued to perform poorly throughout 2022, with the price of XEC falling to $0.000033 on June 18, 2022. Three months later, on October 21, 2022, the performance of eCash (XEC) n have still not risen much, with the token coming in at a conservative price of $0.000035.
What makes Chronoly (CRNO) a more promising project than Monero (XMR) and eCash (XEC)?
Price-wise, while XMR and XEC have had a pretty tough fight lately, Chronoly The (CRNO) token has shown great promise! CRNO entered the market at $0.079 and is already expected to climb to $3 and reach $8.
But the price is not the only one Chronoly a on Monero and eCash.
The easy affordability of NFTs and Chronoly’s cryptocurrency opens up investment opportunities for new investors with the prospect of earning considerable returns as the project continues to grow.
In terms of reliability also all Chronoly the timepieces are duly authenticated before creating NFTs, thus giving real credibility to the ownership of Chronoly NFTs. This allows CRNO and Chronocatz to enjoy relative security of value compared to other Crypto and NFT projects. Being linked to the ever-growing luxury watch market, the value of Chronoly should increase over time.
What more could a crypto investor ask for!
For more information on Chronoly.io
*This item has been paid for. The Cryptonomist did not write the article or test the platform.