Both coins have different use cases and are backed by a few known industry tycoons. But, the investors are always seeking to diversify their investing portfolio as the cryptocurrency industry is very volatile, and no one knows what will happen next. Chronoly (CRNO) is the project that has gained interest from some of the tycoons and they are growing fast! Let's talk about each one of them and analyze why Chronoly (CRNO) will likely be more successful than Solana (SOL) and Monero (XMR).
Solana (SOL) has been a top performer in 2021, rising up the ranks of altcoins to become the world's eight largest cryptocurrency. According to coinmarketcap, the SOL has a market cap of $18.2 billion, and its increasing investment community is eager to see how Solana (SOL)'s technology compares to market leaders like Bitcoin (BTC) and Ethereum (ETH). Even though cryptocurrency is a relative newcomer to the market, investing in Solana (SOL) has been gaining traction, despite its severe volatility. However, many crypto traders are still worried about Solana's winning run as the price has declined dramatically and traders are predicting a further fall for this fragile crypto.
Monero (XMR) was the fifth-largest cryptocurrency in the world by late 2016, with a market cap of $133 million, while Bitcoin (BTC), the largest cryptocurrency, was worth $14.4 billion. Today, Bitcoin (BTC) has soared by more over 5,000 percent to $580 billion, while Monero (XMR) has increased by slightly more than 3,200 percent to $3.5 billion in the same time frame, dropping to No. 26 on the crypto leaderboard. Despite decent growth over the previous six years, Monero (XMR) is no longer a leading cryptocurrency. Monero (XMR) is a fantastic cryptocurrency on paper. It has a well defined, unique use case, amazing technical specs, and an early-mover advantage, which should give it an advantage in brand recognition and adoption. Despite its perks, the asset has struggled to retain its dominant position in the business.
The Chronoly (CRNO) crypto project is backed by real assets that have proven over the years to only go up in value; rare and exclusive luxury watches that have been certified and validated. The Chronoly (CRNO) ecosystem appeals to investors because it allows them to own a portion of a luxury watch by purchasing NFTs and trading them for an increased value while being backed against an appreciating asset. Chronoly (CRNO) is building an NFT marketplace where users can invest in NFT fractions from as little as $10. We have seen some whales buying up the Chronoly (CRNO) token suggesting they believe this to be the next big thing in the crypto space.
Given the present market conditions, Chronoly (CRNO) which is in phase one of its presale has already gained over 100% in less than 8 days. The price of CRNO is currently $0.02. This attractive price and the interesting project concept has led top crypto analyst Mark Engleberg to suggest Chronoly is likely to rise another 25x during the presale stage alone. Therefore this has enticed many investors to join up for the presale and participate in the project's future by acquiring CRNO tokens.
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