This article will look into
how Celsius (CEL) came to such a point and why Maker (MKR) holders are joining
the side of Chronoly.io
(CRNO).
The popularity of Chronoly.io (CRNO) is
such that 218million tokens have been sold during its pre-sale phase, and its
CRNO token has grown by 560%.
Mismanagement and Opaqueness Cause Celsius’ Bankruptcy
While the market has been
giving hard times to cryptocurrencies, Celsius Network (CEL) was faced with
several problems, including legal cases and dropping trade volume, which were
threatening its existence. Since the Celsius Network (CEL) has been accused of
mishandling and misrepresenting financial information, CEL has plummeted in
value. Hence, it is no surprise that the platform has filed for bankruptcy.
Currently, the price of CEL is $1.16, which is about 86% below its all-time
high of $8.02.
At the core, Celsius (CEL)
is a platform that accumulates cryptos from retail investors by offering them a
good interest rate and lends tokens to large cryptocurrency firms at higher
interest rates in order to generate profits. But the recent market crash and
the lawsuits have diminished the hopes of Celsius (CEL).
Meanwhile, investors have
become wary of investing in projects that do not have a solid foundation and
roadmap.
Maker (MKR) Struggling To Find A Way Out
The market conditions are
not favoring Maker (MKR). The crypto project, once presented as a solid
contender for the top position in the crypto market, has been trading in the
red zone for a long time. Its price has nosedived severely, and market experts
are not sure about the project's revival because the investors can get similar
projects in the crypto market that are performing better than Maker (MKR).
Maker (MKR) has dropped to $764 from its all-time high of $6,339.02, recording
a fall of over 88%.
MKR is the native
cryptocurrency that powers the ecosystem of the Maker network. It is both a
utility and governance token. Maker (MKR) was originally created to provide
stability to MakerDAO's DAI token, whose value is equivalent to a dollar.
Chronoly.io (CRNO) Pre-sale Success Dominates Crypto Market
Chronoly.io's CRNO
has proven that cryptocurrencies can grow
irrespective of market conditions, if they have
a solid and stable business
roadmap. Chronoly.io's
(CRNO) token has been trading only in
green since its launch, lodging a growth of 560%.
Chronoly.io
(CRNO) is a blockchain-based, first-of-its-kind
digital marketplace that lets people make fractional investments in the NFTs of
luxury watches. Chronoly.io's
(CRNO) token is one such rare crypto
project whose value is backed by real-world
physical assets. This makes CRNO non-dependent on market sentiments,
speculation, and hype.
All watch NFTs are backed
and secured by rare physical timepieces
from multinational watch brands like Rolex, Patek Philippe, and Richard Mille. Chronoly.io
(CRNO) purchases physical versions of luxury watches from these brands and
stores them in secured vaults across the world. Chronoly.io
(CRNO) users can invest in luxury watches' NFTs for as low as $10.
Due to its unique business roadmap and solid foundation, investors are
confident that Chronoly.io
(CRNO) is destined to score big in the industry. Thus, they are putting their
faith and money in Chronoly.io
(CRNO).
CRNO's
price, which was $0.01 in May 2022,
has hit the $0.066 mark and is
expected to reach $1.00 in the next
few months. Moreover, analysts have predicted that Chronoly.io's
(CRNO) can rise by 2,500%-5,000% in
the coming months.
For more
information about Chronoly.io presale
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio