The Non-Fungible Token (NFT) space is moving very fast. Hundreds of projects are being developed on a daily basis, with some of them enjoying early success due to their uniqueness, quality, originality, vision, art, and communities, while others quickly flop.
Talking about early success, projects like Chronoly.io (CRNO), Cryptopunks (UPUNK) and Azuki (AZUKI) have quickly transformed into the next NFT project to include in your investment portfolio. Ahead, we have examined why Chronoly.io (CRNO) jumped above 560% in a bearish market. We have also highlighted the possibility of both Cryptopunks (UPUNK) and Azuki (AZUKI) to measure up to Chronoly’s trajectory.
So, read on to find out how these projects measure up on the NFT marketplace.
Chronoly.io continues to attract investors’ confidence
Despite the prolonged bearish market, Chronoly.io has continued to sustain its growth potential, with over 560% gains in the last two months. Investors are bullish on Chronoly.io since the project offers real-world value. Chronoly.io (CRNO) is the world’s leading decentralized watch NFT marketplace built on top of the Ethereum blockchain. At its core, Chronoly.io allows for watch authentication and watch co-ownership. It also lets users trade, authenticates and invest in watch NFTs which are backed by a physical version of the watch held in a vault. Its revolutionary features and price potential has made Chronoly.io earn a soft spot in most investors’ minds.
CRNO, the project’s native token, comes with a wide range of real-world use-cases, including special access to exclusive NFT drops, live and virtual watch networking events in the metaverse and a multitude of other benefits through their exclusive members-only club. CRNO is still in presale and currently trades at $0.066.
According to Chronoly’s roadmap, the team plans to build strategic partnerships, expand influencer outreach, and launch a lending protocol. All these activities are geared to expand Chronoly’s ecosystem.
Tiffany & Co Announces NFT Cryptopunks (UPUNK) Pendants
CryptoPunks is a fast-rising NFT project with a collection that’s built on top of the Ethereum blockchain. Launched in June 2017 by Larva Labs studio, CryptoPunks has since earned investors’ interest and attention. With the current performance and trajectory, CryptoPunks can measure up with other popular NFT projects in the coming weeks. The developmental team recently announced that from August 5 CryptoPunks owners will have the opportunity to purchase “NFTiff,” an NFT initiative from Tiffany & Co.
NFTiff is an NFT collection with up to 250 digital assets. The collection will grant access to a bespoke pendant, which will be priced at 30 Ethereum or $51,000 USD. The initiative is championed by Tiffany’s executive vice president, Alexandre Arnault. One year after his appointment, Alexandre brought together partnerships like Beyoncé, Jay-Z, Hailey Bieber, and Supreme to the company.
Experts believe that Cryptopunks team’s efforts to rebuild the company’s brand image will pay off in the long run. They also project that with the current efforts put in place by the team, the price of CryptoPunks may surge to $1 in the coming weeks. According to CoinMarketCap, Cryptopunks (UPUNK) trades for US$0.02842, with a 24-hour trading volume of $44,705.
Azuki (AZUKI) Coming to Prominence
Azuki is an NFT project that so many people resonate with – from regular folks to avid NFT collectors. Whether you are an investor or trader, you need to include Azuki in your crypto holdings to help stabilize your portfolio. Azuki is mostly associated with its over 10,000 avatars collections. These avatars possess unique traits based on anime-themed drawing, a feature that makes Azuki outstanding among its competitors.
Experts believe that Azuki will be able to measure up with other crypto projects, including Chronoly and CryptoPunks, that’s if the team continues to innovate. In the last 72 hours, AZUKI gained 6.3%. AZUKI, the project’s native token, has a number of unique use-cases. Token holders have access to live events, streetwear collabs, and exclusive NFT drops.
Azuki is fast becoming a blue chip company in the crypto space. For one, people view the project as an art; plus, it occupies an important niche market in the NFT space: anime. Secondly, Azuki sets standards for other NFT projects. As of press time, AZUKI trades for USD $0.01224 with a 24-hour trading volume of $119.83.
The post Chronoly.io (CRNO) Token Jumps Above 560% in Bearish Market, Can Cryptopunks and Azuki Measure Up? appeared first on .
Presale Token Chronoly (CRNO) Up 100% Last Week Flow (FLOW) And Enjin Coin (ENJ) Tumble
Chronoly offers cryptocurrency investors a new era of watch ownership.
The cryptocurrency industry gave investors a bitter-sweet experience last week. While some digital currencies performed beyond expectations, to their investors’ delight, some tumbled.
In the former group is the presale token called Chronoly (CRNO) which recorded an appreciation of 100% during the timeframe, while Enjin Coin (ENJ) and Flow (FLOW) are in the latter group of crypto tokens that have struggled.
Let’s consider how these coins performed within the week under consideration and why investing in Chronoly may be a wise decision for all cryptocurrency investors.
Flow (FLOW) Depreciated by Approximately 36% over the Week
The FLOW coin took a massive hit during the week in question as it depreciated by a whopping 36% over the period.
It started the week under review at $4.25 per token and ended at $2.75 per token. Incredibly, the coin recorded an all-time high of $42.40 per coin a little over a year ago on April 5, 2021, while its lowest price stands at $2.43 some 13 days ago on May 12.
This depreciation is a great concern for its investors who lost a significant portion of their investment to the unfortunate incident. Other cryptocurrency enthusiasts, especially prospective investors in the FLOW coin are taken back by the depreciation. They considered that as a signal to suspend their investment plans for the coin.
Enjin (ENJ) Lost a Tenth of its Value in a Week
Enjin (ENJ) is another coin that suffered a fate similar to FLOW last week. It started the week at $0.742957 per token but it couldn’t sustain the momentum and lost a whopping tenth of its value before the week ended, selling at $0.666476.
This is surprising for a coin that was sold for between $3 and $4 for the better part of 2021. It started its downward trend towards the tail end of last year and lost a significant portion of its value within the last week.
The depreciation experienced by most digital assets in the cryptocurrency space notwithstanding, Chronoly has proven to be worthy of every crypto investor’s money. It was appreciated over the week in question to every investor’s delight.
Chronoly: Unfazed by the Crypto Community’s Depreciation
Amidst the depreciation ravaging the cryptocurrency community with some tokens losing up to a third of their values within a week, Chronoly has been outstanding. It has continued to appreciate considerably over the same period.
Chronoly offers cryptocurrency investors a new era of watch ownership. As the leading name in the watch investment sector, the platform mints rare watches from the stables of the most popular watchmakers in the business. Each minted NFT watch has a corresponding physical watch, which is stored in a depository vault.
It breaks these NFTs down into smaller versions that investors can easily invest in without breaking their bank. For as little as $10, you can invest in any of these NFTs the same way investors trade stocks. Wealthy investors who own 100% of any of the NFTs can get their physical watch from the Chronoly vault whenever they desire.
Irrespective of the discouraging market conditions, CRNO gained over 100% in value within 8 days of its presale. It is currently trading at $0.02 per token. With optimism about its appreciation gaining more momentum among cryptocurrency investors, it has what it takes to appreciate considerably within the next few weeks and probably surpass the projected price of $0.50 by July 27, 2022.
The post Presale Token Chronoly (CRNO) Up 100% Last Week Flow (FLOW) And Enjin Coin (ENJ) Tumble appeared first on .
․bit Raises $13M To Build Cross-Chain Decentralized Identity Protocol
sponsored .bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one...
What a complete yolk! Comparing Bitcoin to Eggs and why it matters
What a complete yolk! Comparing Bitcoin to Eggs and why it matters Liam ‘Akiba’ Wright · 4 seconds ago ·...
Why Hashing Is Critical In Ensuring Sage Encryption In Cyber Security
Hashing is really important for integrated encryption in cyber security Assuming you work in the innovation or cyber security industry,...
New Brazil bill wants to tokenize mined gold on blockchain
New Brazil bill wants to tokenize mined gold on blockchain Oluwapelumi Adejumo · 60 mins ago · 1 min read...
Solana Price Climbs To $47 As SOL Bulls Outshine Pesky Bears
Solana (SOL) price has locked its sights on the goal from day one. Solana’s price is extremely bullish Price spiked...
President Of Central Bank Of Brazil Disagrees With ‘Heavy Hand’ Regulations For Cryptocurrencies
The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in...
Interlay launches Bitcoin-backed stablecoin iBTC on Polkadot network
Interlay launches Bitcoin-backed stablecoin iBTC on Polkadot network Samuel Wan · 1 hour ago · 2 min read The new...
TA: Top 5 Crypto You Should Watch This Week – BTC, ETH, BNB, GMT
Top 5 Crypto You Should Watch This Week, with many crypto altcoins producing price gains of two or more digits....
Bitcoin, Ethereum Technical Analysis: BTC Lower, Following Brief Rally Above $25,000
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of...
Monero enhances privacy, security features with new upgrade
Monero enhances privacy, security features with new upgrade Oluwapelumi Adejumo · 2 hours ago · 2 min read The Monero...
Report Shows Crypto Assets Record Steady Growth As Inflation Lowers
The United States’ newest release on its inflation rate for July has created a celebration reason for many, especially the...
MANA’s network activity could bring forth a shorting opportunity here
Every once in a while, cryptocurrencies go through a phase where volumes contract and prices are restricted within a narrow...
Monero (XMR) Climbs Over 7% Before Weekend Hard Fork
Monero (XMR) price has surged by as much as 7% in a matter of 24 hours before network upgrade or...
USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets
USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets Oluwapelumi Adejumo ·...
Ripple lawsuit: SEC receives another shock after latest court ruling
American watchdog SEC took a recent hit as the battle against Ripple moved into an interesting phase this week. There...
Leading European Tire Retreader Vaculug To Accept Crypto Payments
Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products...
Ethereum’s metrics that could determine your portfolio value this week
It is not usual for the crypto markets to be dominated by an altcoin. But this seems to be the...
Pre-Merge: Here’s the full scope of the ETH 2.0 Deposit contract
Ethereum, the world’s largest altcoin, continues to create headlines ahead of the upcoming Merge. As expected, it has been seeing...
Barry Silbert7 days ago
Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Lead To People Losing Money’
Altcoins7 days ago
PERP-etually Optimistic: Tracing the road for this prodigal DEX going forward
Altcoins7 days ago
Polkadot: Unraveling the effects of the latest rally on DOT’s technicals
Altcoins7 days ago
With a 100% rally behind it, is it time for AVAX to finally stop
Analysis3 days ago
Bitcoin, Ethereum Technical Analysis: BTC Hovers Below $24,000 On Friday, As Crypto Markets Consolidate
$15 million loan3 days ago
Bitcoin Mining Operations Continue To Expand Amid The Crypto Winter, While Converting ‘Wasted Gas To Energy At Scale’
587500000000000000000004 days ago
ETH PoS Upgrade To Transition On September 15 To 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ For The Merge
analyst5 days ago
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates The Actual Rise In Prices’