Here’s why Chronoly (CRNO) will Surpass Hedera (HBAR) in Market Cap


Hedera (HBAR) has seen its market value drop from almost $7bn to $1.5bn in the recent crypto market crash. Despite the move downwards in price the project has interest from some of the biggest companies in the world. HBAR is looking to provide a more reliable smart contracts blockchain with faster speeds and predictable gas fees. That could see its price recover in the next few months. Chronoly is bringing luxury watch investments to the blockchain with NFTs minted for rare timepieces. The CRNO token shrugged off the recent bear market woes with a 500% gain over the last few weeks.

Hedera (HBAR) Links Up with Dropper for NFTs

The HBAR foundation recently announced that it will be partnering with Dropper to support the platform’s gaming launchpad and marketplace on the Hedera blockchain. The plan is to move the gamers and developers from Web2 into Web3. The platform has a wide range of use cases and sees an opportunity to add fairness to gaming and e-sports. Dropper then announced that it will hand out $5 million in grants to developers for NFT launches on the ecosystem. Hedera can still be a top project in the future with its plan for ‘smart contracts, done smarter’. The project claims to be 10x faster than alternative chains and offers more predictable gas fees. Some of the world’s best-known companies are involved in ownership or governance of Hedera with Google, IBM, and Boeing among the names. Those firms will likely have Hedera working on some secret projects in the background.

Chronoly (CRNO) Can Outperform HBAR

Chronoly (CRNO) could eventually surpass the HBAR project due to its NFT and metaverse plans. Chronoly will mint NFTs for each watch that it holds in one if its secure vaults around the world and investors can buy them on a decentralised trading platform. Trading in NFTs will speed up the market for watch investing and provide greater liquidity. The watch market is also more stable than traditional art NFTs and will provide a good foundation for development. Investors will be able to buy fractions of the timepiece, which will lower the barrier to entry for new buyers where investors can invest from as little as $10.

The big growth could come later when the project realises its metaverse ambitions. The virtual reality worlds are attracting fashion brands alongside other retailers that want to sell digital products. Chronoly is likely to attract the world’s top watchmakers who will want to sell their limited-edition watches and they could collaborate for NFT drops. Investors can earn a passive income while they wait for the project to mature by staking the CRNO token and there is also a lending protocol to provide collateral. All this has led to analysts expecting a 4,000 to 5,000% rise once the token officially releases on the 27th of September on Uniswap.

More information on Chronoly Presale here





Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Credit: Source link

Leave A Reply

Your email address will not be published.