Place/Date: – August 4th, 2022 at 1:46 pm UTC · 3 min read
Prices look ready to soar in the crypto-sphere again. While the future remains uncertain, crypto investors are using the recent bear market as an excuse to accumulate huge holdings with the expectation that these tokens will bring massive returns.
With positive expectations across Polkadot (DOT) and Ripple (XRP), analysts are bullish on a new crypto token Chronoly.io which is up 560% in the last two months and is still in presale. It’s time to have a look at why you might want to consider adding each to your portfolio today.
Chronoly.io Has Fantastic Fundamentals, Could It 10x ?
Chronoly.io has big plans for the future. Designed to solve the watch ownership, authenticity, and liquidity problems in the luxury watch market, it seems like Chronoly.io has the solution with their watch-backed NFTs. They’ve created a decentralized marketplace that allows users to trade fractional shares in some of the world’s most rare and exclusive brands, like Rolex, Richard Mille, and Audemars Piguet, for as little as $10.
These watches are held in some of the world’s most secure vaults and can even be redeemed once an investor owns 100% of the watche’s NFT. The project also has big plans to bring these NFTs to the metaverse; that’s right, you can wear your rare Patek Phillipe Nautilus in the metaverse.
The Chronoly.io CRNO token allows holders to generate passive income by staking CRNO, gives them substantial discounts on buying and selling fees, and puts them in the draw to win a luxury watch every month. Currently, CRNO sits at $0.066 in phase 3, already up 560% in under two months from its phase 1 presale of $0.01. By the time CRNO hits the mainstream platforms, investors are eyeing prices of $0.5-0.75, a potential 1,000% gain in mere months.
Polkadot (DOT) Is a Threat to Other Proof-of-stake Tokens
Polkadot is a multi-chain project designed for unprecedented scalability. Its native token, DOT, currently sits at #10 on the world’s top cryptocurrencies list. A proof-of-stake token, investors love Polkadot for its exceptional fundamentals. The coin rocketed to over $55 in late 2021 before joining the rest of the crypto market in massive declines. Now, it sits at $8.29 as of 31st July 2022.
With the promise of governance improvements, upgraded protocols, and the exciting release of new communication standards across the DOT blockchain, crypto investors expect prices to soar in the next bull market, hopefully surpassing its November 2021 highs and generating excellent returns.
Ripple (XRP) Isn’t Letting the SEC Hold Them Back
As XRP edges closer to victory in its drawn-out battle, investors are bullish on its long-term potential. Ripple, currently sat at #6 in the top 10 cryptocurrencies globally, has seen the SEC on the backfoot with court frustration over the SEC’s inconsistent statements. Investors are counting on a bull run as it looks more and more likely each day that the courts will rule in Ripple Lab’s favour.
In its Q2 report, Ripple Labs has announced plans to explore growth opportunities in the NFT market, with partnerships announced with global brands like Lotus Automotive and Balmain to launch their NFTs on the XRP ledger.
This news looks exceptionally good for XRP, which currently sits at $0.38. If all goes according to plan, prices could easily break April 2021’s highs of $1.96.
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