The year 2022 has been quite rough for the cryptocurrency markets. Majority of crypto assets have seen enormous decline due to global inflation, recession, and other factors.
Theta Network (THETA) and Internet Computer (ICP), which were extremely popular in the last few years, have seen their prices drop to much surprise.
Investors are looking for new platforms to invest in, especially ones that are backed by real-world assets. As per analysts, Chronoly.io (CRNO), a decentralized watch marketplace is a promising newcomer to the cryptocurrency market.
In this article, we will discuss the present market condition of Internet Computer (ICP), Theta Network (THETA), and Chronoly (CRNO), and why Chronoly is currently the most sought-after crypto.
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Internet Computer (ICP) reaches an all-time low
The Internet Computer (ICP) is a set of protocols that facilitates collaboration between disparate data centres worldwide, to give a decentralized alternative to existing centralized internet cloud providers. The goal of the Internet Computer (ICP) network is to extend the capabilities of the Internet by enabling infinite scalability and robust security. Internet Computer’s ICP token was an overnight sensation in the crypto world but it fizzled out shortly after.
During the course of this year, the price of Internet Computer (ICP) has dropped over 99.9% from it’s all-time high of $750 in May 2021. Though the price of Internet Computer’s ICP was set to range from $25-$30 in January 2022, it currently stands at just $6.
In the coming months, the price of Internet Computer (ICP) may change after its integration with Bitcoin. However, many analysts think that investing in Internet Computer is not future-proof and comes with a lot of risk.
Theta Network (THETA) struggles to attract new investors
Theta Network was developed as a blockchain platform to decentralize video streaming. Theta Network’s (THETA) mission is to give consumers superior quality and an affordable video streaming experience. However, the trading value of THETA has dropped significantly in recent months. THETA is currently trading at about $1.15, which is 93% below its all-time high of $15.72 in April 2021.
Theta Network (THETA) dropped by 5.39% over the past few weeks, making investors nervous about the viability of the project. A key reason behind the decline of Theta Network’s THETA token is the stiff competition from established players in the video streaming business, such as Netflix, and Amazon Prime.
Chronoly captures higher market interest with its recent launch
Chronoly.io (CRNO) has emerged as a market leader despite the crypto market crash of 2022. CRNO’s presale phase was a tremendous success, drawing in investors who faced major losses from other cryptocurrencies.
Following their presale, Chronoly.io released their token, CRNO, on October 6, 2022, at a price of $0.079, which is soon anticipated to surge to $3. Analysts also believe that the CRNO token might reach an astounding price of $8 in the coming months. In addition to profiting from rising prices, investors may also stake CRNO tokens and earn up to 18.6% each year in passive income. Additionally, there will be a monthly lottery for luxury watch connoisseurs, where a lucky winner takes home a Rolex, making CRNO token an even more enticing investment.
Chronoly.io (CRNO) is the first 24/7 online marketplace based on the Ethereum blockchain, and enables investors to own and exchange NFTs for rare luxury watches. CRNO makes it possible for users to fractionally invest in authentic and verified timepieces.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
The presented content may include the personal opinion of
the author and is subject to market condition.
Do your market research before investing in cryptocurrencies.
The author or the publication does not hold any responsibility
for your personal financial loss.
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