Cryptocurrencies, blockchain network, decentralized finance (DeFi), and NFTs are all the range right now, and for good reasons. While their prices can be extremely volatile, it can be a rush like no other when you catch a break and the price goes in your favor. With thousands of tokens to choose from, it can be overwhelming to decide which token to invest in. Read on to find out how these three tokens fare on the market: Klaytn (KLAY), The Graph (GRT), and Chronoly.io (CRNO).
Does Klaytn (KLAY) have the potential for future growth?
Klaytn (KLAY) started out as a promising project with a huge focus on companies. According to the developmental team, Klaytn’s (KLAY) goal is to “make transfers as easy as sending a message.” Based on this foundation, the team at Klaytn (KLAY) assigns a unique and easily readable QR code to every wallet connected to the network. This way, wallet users will not need to bother about memorizing their personal keys.
With its technological advances and advantages, Klaytn (KLAY) has been able to attract investors’ attention, even though its token price has continually experienced a free fall in recent times. Klaytn (KLAY), the project’s native token, is laden with exciting features and potential. According to the project’s whitepaper, users can deploy Klaytn (KLAY) for the payment of goods and services on the network. At the moment, Klaytn (KLAY) trades for $0.234811 USD with a 24-hour trading volume of $58,703,160 USD.
How does The Graph (GRT) contribute to the crypto industry?
Today, brands like Google, Microsoft, and Amazon are the leading companies in the tech and data storage space. Put together, their combined market in the cloud is over 50%, making most users dependent on centralized assets. These heavyweight companies decide who to allocate more data, and that’s where The Graph (GRT) comes in. The Graph (GRT) is the native token of The Graph Network. It’s an ERC-20 token built on the Ethereum blockchain.
According to the project’s whitepaper, the token has different use-cases, including for the purchase of goods and services on the network. Due to its massive growth, investors believe that it will revolutionize the cloud data storage space and deliver value to token holders. The focus of the developmental team is to create a unique system that is not dictated by a central body. As such, The Graph (GRT) has created an alternative concept where querying and indexing data will become more competitive and easier than other options.
However, despite the achievement recorded by The Graph (GRT), its token price has continued to be on a free fall. Experts believe that the token free fall may not be unconnected to the project’s rejection from the horizontal range-bound area. As of press time, The Graph (GRT) trades at $0.099362 USD with a 24-hour trading volume of $42,739,840 USD.
What is Chronoly.io (CRNO) bringing to the crypto market?
Chronoly (CRNO) is a promising token to look out for. At the moment, it enjoys over 600% price increase while the likes of Klaytn (KLAY), The Graph (GRT), and other new tokens continue a free fall. Chronoly (CRNO) is a watch-oriented NFT project with (CRNO) as its native token. The project brings a lot of real-world use-cases to the watch NFT space. While Chronoly.io (CRNO) is still in its pre-sale phase, the project’s whitepaper suggests that CRNO is laden with tremendous potential; hence, the reason why investors are attracted to the project.
Most NFT projects on the blockchain, and to a large extent some cryptocurrency projects, are limited to the digital dimension and only offer monetization options to the end users, but Chronoly (CRNO) brings real-world value and utility to users. Chronoly.io (CRNO) allows users to be able to invest in NFTs, which are directly backed by luxury watches. Each NFT that is minted is backed by a physical version of the watch that is insured and stored in the Chronoly.io vault.
The NFT is then broken down into fractions allowing anyone to own part or all of the physical watch digitally. In other words, any investor who owns 100% fragments will be able to redeem a genuine watch and get it delivered to them. The delivery process ensures that you don’t receive counterfeited products, but a luxury and rare watch with a limited edition.
Chronoly (CRNO) holders will also benefit from other unique features of the project like watch lottery draws, staking, discounts, and more. If you like to get into a project whose price is still cheap, Chronoly (CRNO) will make an excellent addition to your portfolio.
For more information about Chronoly.io Presale:
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