Bitcoin (BTC) price stuck below $ 20K when Chronoly.io (CRNO) token rises 560%
Today, it is safe to assume that virtually everyone has heard of Bitcoin (BTC), and the largest cryptocurrency by market value has been the catalyst for the innovation of blockchain technology.
But fame and fortune do not shield Bitcoin from the cold winds of market forces. However, not all cryptocurrencies have been hit by the recent market collapse. A new crypto project Chronoly.io and its tool-token $ CRNO have remained bullish and shot up 500% during the bearish period, and here’s why.
Bitcoin (BTC) is stuck at around the $ 20k mark
Bitcoin (BTC) reached $ 19,000 on its first trading day in July. With market value, the world’s largest cryptocurrency trades fairly flat and has not experienced much price movement overnight.
Bitcoin has lost 27% of its value since this time last year, when it sold for about $ 37,000.
That said, interest in Bitcoin futures is lively. Bitcoin futures and perpetual currently account for 63 percent of the open market interest in the cryptocurrency futures market. According to data from Arcane Research, open interest was around 50% at the beginning of April.
This is because global interest in the cryptocurrency sector has fallen. BTC futures, which account for 63% of the cryptocurrency market, have reached their highest level since October 2021.
Bitcoin’s dominance in the futures market reflects the cryptocurrency’s overall market dominance, which increased in May. These data, according to Joshua Lim, head of derivatives at Genesis Global Trading, suggest that speculative interest in altcoins is declining.
Chronoly.io hovers with its CRNO token
If you are in the market for capital accumulation, you need to look at newer coins with the high growth potential. Chronoly.io has the potential to be named 2022 Blockchain and NFT Project of the Year due to its innovative unique utility case.
The Chronoly.io team launches the world’s first marketplace for fractional investments for NFTs backed by the true physical version of the watch.
This stock-like method of buying, selling and investing in luxury watches will revolutionize the $ 64 billion watch market.
By fractionating the NFT watch, it allows people to share ownership of a luxury watch and verify the watch’s authenticity. Individuals who have 100% of the NFT fragments can redeem the real clock from Chronoly.io vault.
According to the team behind the Chronoly.io platform, they plan to integrate with the meta-verse and collaborate with gaming companies that enable users to carry and display their collection digitally.
The value of Chronoly Token (CRNO) has increased with 560% from $ 0.01 to $ 0.06 While it’s still in pre-sales, with many industry experts predicting that Chronoly (CRNO) may prove to be the “Next Big Thing” in the crypto markets, and given the fundamentals and rapid growth, it looks like a good prediction.
Find out more about Chronoly.io advance sales here:
Website | Advance Sale | Telegram | Twitter
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