Key Points:

Real-world utility tokens have registered growth even during the current bearish market.

TRON’s TRX token has dropped significantly in the last few months.

Chronoly’s CRNO has registered a whopping growth of 600% during its pre-sale

Cryptos with strong resilience register growth

TRON Network’s TRX is one such token, which has been trying to float in the deep cold waters. On the other hand, there has been an emergence of tokens like Chronoly’s CRNO that have proved that real-world use cases and real-asset-backing provide resilience to cryptos.

The value of TRON’s TRX has fallen over 13% YTD in July 2022. Nonetheless, analysts expect that the project can gain traction in the coming months because it had over 94 million users in May 2022, who can keep the trade volume going. Hence, TRON has managed to stay afloat.

Meanwhile, Chronoly.io has registered over 600% of growth during its pre-sale phase. Impressed with its success and real-world utility, experts have predicted that Chronoly’s CRNO token can rise by over 2500% before the end of its pre-sale.

Why are TRON's TRX struggling and Chronoly's CRNO sailing faster?

TRON's TRX is built around the proof-of-stake (PoS) consensus mechanism. TRON is a decentralized version of the internet that aims to help users control and monetise their content. The main goal of TRON’s TRX is to bypass the corporate middleman like Facebook and enable content producers to receive funds directly from consumers of their content, which can be text, image, audio, or video. On this network, people can create, share, or even trade content.

However, TRON suffers the same lacuna that most cryptocurrencies do. It is susceptible to market sentiments. In the absence of any backing from real-world physical assets, TRX’s value relies heavily on the trade volume influenced by the usability of the token. When the crypto market crashed, the overall trade volume slumped, causing a steep fall in TRX’s value. Therefore, TRON has been working to increase the use cases of TRX.

Contrary to TRON, the newly-launched Chronoly’s CRNO token works on a new, unique, and solid framework. Chronoly.io is a value-based project that has real-world usability. The value of Chronoly’s CRNO token does not rely on speculation, publicity, or hype but is backed by real-world physical assets.

Chronoly.io is the world's first blockchain-based fractional marketplace that enables people to gain partial ownership of rare luxury watches such as Rolex, Patek Philippe, Richard Mille, Audemars Piguet, and others. The project allows people to make fractional investments in the NFTs of rare collectable watches. On Chronoly.io, a person can buy the NFT of any luxury watch for as less as $10.

More importantly, each NFT that Chronoly.io mints is backed by a physical version of a luxury watch stored in secured vaults. Hence, Chronoly’s NFTs are immune from market speculation, and their prices correspond to the value of the rare collectable watches against which they are minted. It must be noted that the value of rare collectable watches has consistently increased irrespective of the market sentiments.

Takeaway

The current market downfall has underlined the importance of crypto projects that have real-world use cases. Therefore, investors from across the globe have been putting their faith and money in Chronoly. The price of Chronoly’s CRNO has soared from $0.01 to $0.066 since May 2022 and is pegged to touch a target price between $0.50 to $1.0 before the end of the pre-sale. Analysts have predicted that CRNO can rise by 2,500% in the coming months.

For more information about Chronoly.io Presale:

Website: https://chronoly.io/

Presale: https://presale.chronoly.io/register

Telegram: https://t.me/Chronolyio

Twitter: https://twitter.com/Chronolyio