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