Two cryptocurrencies – PancakeSwap (CAKE) and Chronoly (CRNO) – have been able to capture the attention of crypto investors lately. PancakeSwap (CAKE) has started to look better than it has in the last few months. PancakeSwap (CAKE) has been able to perform well in the last month, resulting in an overall increase on the monthly price table. Chronoly (CRNO), which entered the market in May 2022, has become one of the most trusted and profitable projects.
Chronoly launched its CRNO tokens on October 6, on the UniSwap exchange after recording massive gains in its pre-sale phase. The price of Chronoly (CRNO) soared by 690% during the pre-sale phase, and all the tokens were fully subscribed. Chronoly (CRNO) launched on the exchange at the initial price of $0.079.
PancakeSwap (CAKE) Performs Well On Monthly Chart
Although PancakeSwap (CAKE) has not posted any major gains, it has managed to be in the green zone in recent weeks. PancakeSwap (CAKE) registered a surge of only 0.68% in its price last week. However, its performance in the monthly growth chart was notable as its price increased by 12.04% last month. This overall increase has resulted in PancakeSwap (CAKE) currently trading at $4.56. However, this is still around 90% below its all-time high of $44.18.
PancakeSwap (CAKE) is a blockchain platform in the DeFi sector created on the Binance Smart Chain to facilitate the trading of BEP-20 tokens. PancakeSwap (CAKE) uses an automated market maker (AMM) model to provide liquidity and enables people to create income streams through farming and staking their tokens to earn rewards. PancakeSwap (CAKE) plans to put a supply cap to enhance the utility and stabilize its token to encourage investors back.
Chronoly (CRNO) Moves Towards 100X Price Appreciation
October 6 was a big day for crypto enthusiasts across the globe as Chronoly launched its CRNO tokens on the UniSwap exchange. The public launch of CRNO followed the exceptional growth of Chronoly during its pre-sale, which began in May 2022. Notably, Chronoly recorded a price appreciation of 690% during its pre-sale, where all CRNO tokens were sold out before the deadline. Thereafter, Chronoly’s CRNO token entered the trading market at $0.079.
Chronoly.io (CRNO) is a digital watch marketplace that enables people to make fractional investments in luxury timepieces. Chronoly purchases rare collectable watches from high-end brands and stores them in its vaults after minting their NFTs. This practice backs Chronoly’s CRNO with physical watches, linking the price of tokens to the value of luxury watches, which, historically, has always grown. In addition to price stability and growth, this backing also protects CRNO’s price from any unfavorable market conditions.
These NFTs represent co-ownership of luxury watches, as several people can buy fractions of a single timepiece for as low as $10. Chronoly also allows CRNO holders to stake their tokens to generate a passive income of up to 18.6% per annum. Chronoly users are also eligible to participate in the free monthly lucky draw to win a physical Rolex watch.
Chronoly has become the focus of many crypto investors, with many confident that CRNO tokens could achieve a $3.0 price tag as trading has commenced on the UniSwap exchange. They are also optimistic about CRNO rising to $8 in the near future.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
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