ApeCoin (APE) Remains Bearish as Crypto Bulls Invest in Chronoly.io (CRNO)

In April 2021, as part of the astonishing rise in popularity of NFTs, the Bored Ape Yacht Club (BAYC) was launched with great success. It immediately became one of the most talked about projects in space. The team behind BAYC launched the ApeCoin DAO, allowing users to have their say on how the project was run. However, since its launch, ApeCoin has largely remained bearish, despite its loyal fan base.

Today we’ll look at ApeCoin’s price, where it’s headed, and another NFT-based coin that investors are pouring their money into quickly called Chronoly.io (CRNO).

ApeCoin (APE) sees decline despite loyal fan base

ApeCoin (APE) is a governance token that represents the BAYC ecosystem, allowing users to vote on who is on the board, where funds should be allocated and which projects should be followed. It also gives holders exclusive access to the APE ecosystem, full of games, events and merchandise.

But based on its strong ties to the NFT community, it is inextricably linked to how NFTs perform. When the crypto bear market took hold in early 2022, NFT sales plunged and fell out of public view. After seeing a revival in April 2022, climbing from $11 to $27.60 in 11 days, the bears pushed ApeCoin down hard.

It fell nearly -90% between late April and mid-June, burning investors who had hopes that APE would be the future. Prices bottomed out at around $3.20. Alongside the rest of the crypto market, APE made a small recovery.

But the last selloff in August was severe, falling from $7.70 to $4.85 in two weeks. This decline is starting to look like a continuation of the general downward trend in APE, and it appears that further decline is on the way for BAYC’s loyal fans.

Chronoly.io (CRNO) connects real value with NFTs

Even with the dampening of the overall NFT market, one NFT token is weathering the storm exceptionally good. This is probably because it relates to the real world, not drawings of monkeys.

This project is Chronoly.io (CRNO), a decentralized marketplace for trading shares in luxury watches from some of the most exclusive brands, such as Rolex, Audemars Piguet and Richard Mille, and they have seen oxen pick up tokens at a pace you’ve never seen before.

These bells are actually kept inside secure bank vaults worldwide, as proven by third-party audits. There are a select number of shared NFTs that Chronoly.io (CRNO) has minted, and their shares can be purchased for as little as $10. No longer do you speculate in digital art; you are investing in the proven luxury watch market, which is set to grow by billions during the next few years.

Chronoly.io’s native token, CRNO, powers the ecosystem. It gives users the opportunity to stake their tokens for a passive income and receive deep discounts on trading fees. Chronoly.io (CRNO) tokens are greatly underestimated right now, especially when you examine Chronoly.io (CRNO) fundamentals.

In fact, they are already up 560% since May, and a further increase of 1000%+ is predicted during the next month. They started shopping for $0.01 and is now worth $0.066. By the time the pre-sale ends at the end of September, many expect the prices to hit the general sale on $0.50 to $1 – a much better return than ApeCoin could hope to achieve.

For more information on the Chronoly.io presale

Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Advance sales: https://presale.chronoly.io/register
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