Chronoly.io is the world’s first blockchain-powered luxury watch investment marketplace and the crypto community is currently excited about its CRNO token. Pre-sale. As predicted by the experts, CRNO token large-scale 560% jump Ripple XRP, one of the largest crypto tokens by market capitalization, is in the red and has seen some investors pour money into this new asset-backed crypto project. why.
What is Ripple (XRP)?
Ripple is the world’s leading blockchain-based global payment network and protocol, powered by the cryptocurrency token XRP. Ripple has major banks and financial services as customers and acts as a payment asset exchange and remittance system. Its native utility token, XRP, is used as an intermediary mechanism for exchange between two or more currencies or exchanges in the form of a temporary payment layer unit.
Understanding XRP’s Recent Price Actions
Back in 2017, Ripple locked 55% of the total XRP supply in a series of escrow accounts, limiting the number of new tokens in circulation to 1 billion XRP per month. Recently, in early August 2022, Ripple released his 1 billion XRP tokens at once from his two escrow wallets. This action caused the price of the token to fall by 3.4% on the same day.
Since May 2022, the entire cryptocurrency industry has experienced turmoil, leading to disorderly sales, cascading liquidations, and the outflow of more than trillions of dollars from global cryptocurrency markets. Over the same period, the price of XRP has fallen from its current all-time high of $0.77 to $0.37, a shocking 60% discount on its price.
Some experts say that Ripple (XRP) is not a long-term holding. Despite its own payment mechanism, intense competition from Stablecoins and multi-CDBC projects could threaten Ripple’s market position. These factors have increased uncertainty among investors, prompting them to look for other profitable investment opportunities within the cryptocurrency market.
Why Ripple Investors Consider Chronoly.io (CRNO)
Chronoly.io is Market using blockchain For small investments in luxury watches where users can start from $10. Users can not only redeem her NFTs for watches, but they can also redeem physical watches from Chronoly’s vault. You will also be given the opportunity to digitally borrow funds against watch NFTs at competitive interest rates. verify authenticity We stock pre-owned luxury watches from famous brands such as Patek Philippe, Rolex, Richard Mille and Audemars Piguet.
The Chronoly.io ecosystem is enabled by the native utility token CRNO. This is now in the third phase. Pre-saleIts price has risen significantly 560% from $0.01 to $0.066 A period not exceeding three months. Tokens include staking tokens for annual returns, participating in monthly lotteries for more tokens and physical watch rewards, and discounts of up to 30% on various platform fees. There are multiple uses, such as to acquire
Because NFTs are backed by real-world, authentic luxury watches, the price of NFTs will rise as the price and value of the underlying assets rise. This ensures users and investors get regular dividends and capital appreciation in NFTs. Therefore, the expert expects promising growth and a good return on investment for his Chronoly.io ecosystem. So what are you waiting for when you have an investable surplus?
For more information on the Chronoly.io presale, visit
Website: https://chronoly.io/
telegram: https://t.me/Chronolyio
Pre-sale: https://presale.chronoly.io/register
twitter: https://twitter.com/Chronolyio
