Chronoly.io, Binance (BNB), And Avalanche AVAX, Three Coins To Watch This July And This Is Why – Cryptonews
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The crypto market has been undergoing a rough patch for the last few months. The recent market crash has caused a panic among cryptocurrency enthusiasts. However, some cryptocurrencies, like Binance’s BNB and Avalanche’s AVAX, have resisted or have been gradually overcoming the bearish phase.
Then there are some cryptos that have surprised analysts with their booming performance during these gloomy times. Crypto tokens like Chronoly’s CRNO have come up with unique use cases that have fuelled the optimism among investors.
Let’s dive deeper to discover why these three cryptocurrencies must be on your investment watchlist this July.
Among all the cryptocurrencies that have withstood the current bearish market trends, Chronoly.io’s CRNO has undoubtedly been the most attractive project. Chronoly’s CRNO token has registered massive gains and has been able to win the trust of investors. CRNO is currently in its pre-sale phase, and its value has increased by over 600% since its launch. Its price has jumped from USD 0.01 in May 2022 to USD 0.06 in July 2022. Moreover, analysts have predicted CRNO’s price to reach the mark of USD 0.75 soon.
Chronoly.io is the world’s first blockchain-based fractional watch marketplace. It allows people to make a fractional investment in the NFTs of the rare collectable watches, starting from as little as USD 10. Notable is the fact that this project is unlike others, as all the NFTs minted under this project are backed by real-world physical watches. Investors prefer to put their money into projects whose gains are driven by real-world utility rather than speculation.
Chronoly.io first buys the physical version of luxury watches and then mints their NFTs. Since the value of rare collectable watches is likely to appreciate over time, despite the prevailing market conditions, the NFTs minted against them are considered stable and secured for investment.
Binance’s BNB token is similar to all other cryptos being traded in the market. Its value depends on the volume in which it is traded or used by people. Therefore, when the crypto market recently crashed, the trade and use of BNB declined, and so did its value.
That said, it can not be ignored that Binance is the world’s largest cryptocurrency exchange in terms of daily trade volume, and BNB is its native token. Thus, the use of BNB tokens and its trade volume is expected to increase in the coming weeks as the crypto market gains momentum.
Although BNB has plunged heavily from its all-time high value of USD 690 in 2021, experts suggest that it holds an optimistic future as the company is diversifying its use cases. Price trends indicate that BNB is expected to touch a high of USD 247 in July.
BNB tokens were initially introduced to raise funds for the Binance exchange. Later, their use case expanded, and users could use BNB tokens to pay for virtual gifts, lottery tickets, and other entertainment purposes. It can also be used to invest in exchange-traded funds on several platforms. Some platforms also allow BNB tokens to be used as collateral for loans.
Avalanche is a blockchain-based cryptocurrency platform that aims to assist people in creating, running, and managing decentralized applications (dApps). Avalanche’s AVAX token was introduced to make smart contracts and decentralized applications more accessible and faster.
Just like Binance, Avalanche is also highly sensitive to prevailing market sentiments. So, the recent market crash has affected AVAX’s value significantly.
However, AVAX’s market cap is huge, and it is well within the top 20 cryptocurrencies on CoinMarketCap. It is expected to perform well in July as the experts believe the crypto market will regain strength by the third week of the month. AVAX’s price is projected to touch USD 25 in July.
More information on the Chronoly.io presale here:
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