The post Polkadot and Polygon Are Likely to Get Overtaken By Chronoly (CRNO) appeared first on Coinpedia Fintech News
The Chronoly (CRNO) project has officially launched, and investors are snapping up the chance to get involved with a coin at the ground level. Chronoly offers fractional investing in the luxury watch market and appeals to traditional watch investors who can now take advantage of 24-7 liquidity and a more transparent pricing and trading mechanism.
Polkadot and Polygon are two projects that were seeing good gains in last year’s bull market, but both have faded. For Polkadot (DOT) it is the bear market in DeFi assets that has hurt the token. Polygon (MATIC) has been positioned itself for NFT tokens and the market for such assets has declined sharply. In this article we will discuss why CRNO has more upside potential over the long-term.
Polkadot (DOT) and Polygon (MATIC) Are Struggling to Climb Higher
Polkadot (DOT) has been one of the shining lights for crypto with the coin seeing a high of around $30 in the bull market last year. DOT climbed higher with increased market appetite for crypto but has since slumped to around $6.00. Polkadot is focused on a multichain model for apps and services using the blockchain to communicate with assets on other chains.
Polygon (MATIC) had a busy year with many developments and the project was trying to rival the Ethereum domination of NFT processing. Many projects started to use the MATIC coin for minting NFTs in order to reduce the high fees of ETH. However with demand for the non-fungible token sector declining, the price of MATIC has also declined.
Chronoly Brings a New Idea to the Blockchain
Chronoly could be a better investment option over the long-term than coins like DOT and MATIC which have realized their upside potential and are now just trading in line with the overall market. Chronoly is bringing luxury watch investing to the world of digital finance that can attract a whole host of new investors. Polkadot and Polygon are solving problems for blockchain developers but Chronoly is offering an asset-backed opportunity that could dislocate from the market.
The world of investing in luxury timepieces has been around for a long time and now we will see the Chronoly project bring that to the blockchain. A 24-7 trading platform will add liquidity to the trading of timepieces and there will also be the ability to earn a passive income from staking the CRNO token. The project is still under the radar and could rally once the project gets listed on some large exchanges which is the next step of the roadmap.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
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