You aren’t late to play the crypto game. Yes! You heard it. You wished you had participated in the crypto space since the creation of Bitcoin way back in 2009/2010. With early participation, you would have raked in millions or billions of dollars in cryptocurrencies. Well, enough reminiscing. The financial market, especially cryptocurrency and the NFT space offer opportunities and present you with a money-making door. It’s your responsibility to pick the right one and align yourself with the winning team.
These three tokens – Chronoly (CRNO), VeChain (VET), and Avalanche (AVAX) have lots of exciting features in common even though their market caps are still insignificant. But in the long run, they could be profitable investments to venture into.
Chronoly (CRNO), VeChain (VET), and Avalanche (AVAX) are the tokens under review.
Chronoly.io is one of the world’s first fractional investment platforms for luxury investment grade watches like Rolex, Audemar Piguet, Patek Phillippe etc.
The project lets crypto users buy, sell and invest in luxury watches to make a profit, in the same way you would invest in a share of Tesla. The Chronoly token has gained popularity over the last month and is tipped to be one of the best performing altcoins as experienced crypto investors look for projects that are backed by real world assets or have a real use case after the Terra Luna collapse last month.
On the Chronoly marketplace users can trade NFTs that are asset-backed by the real physical version of the watch, like a Rolex. The NFT is then broken down into smaller fractions allowing anyone to invest from as little as $10. Users can also earn a passive income by staking their NFTs or Chronoly tokens and if the users accumulates 100% of the NFT fractions they have the option to redeem the physical watch out of the Chronoly vault.
The Chronoly (CRNO) token is currently in its pre-sale phase, a move to significantly increase its value and market capitalization. CRNO surged 300% last week and is projected to continue to rise and according to industry analysts the Chronoly token could increase to $0.50 before the end of the year.
At the time of writing the Chronoly token is trading at $0.04 and could present a buying opportunity for those who like to purchase presale altcoins before they list on centralized exchanges.
Keep an eye on VeChain (VET)
Recently, the team at VeChain (VET) announced that Fenbushi Capital has agreed to sponsor the ongoing VeChain Hackathon. With the sponsorship, investors are expected to double their investments because VeChain (VET) has a lengthy history of engaging in secure operations without organizing any hacking event. VeChain (VET) is one of the oldest blockchain networks. The blockchain is employed in the supply chain industry to resolve the inherent bottlenecks in the industry.
VeThor and VET are employed as a staking, gas, and governance coin as part of the new tokenomics. The amount of VeChain (VET) in your wallet per time determines the amount of VeThor that would be generated. VeChain (VET) webpage features things like digital carbon footprints, food safety tracking, and automobile passport solutions. Its use cases and real-life situations make VeChain (VET) a great buy.
Avalanche (AVAX) Plummets Double-Digits as Crypto Meltdown Continues
As the crypto market continues to experience a downward trend, Avalanche (AVAX) is one blockchain network that is gaining interest of late. As a rival to Ethereum, Avalanche (AVAX) combines a highly scalable trading experience with fast transactions. It can process over 4,500 transactions per second.
You can use Avalanche AVAX to pay for network transaction fees. Avalanche’s fee is wholly burned unlike Ethereum, where fees are shared among miners. The Avalanche project also uses the Proof-of-Stake consensus; plus, users must stake their tokens to authenticate any transaction. Token holders have the opportunity to vote on Avalanche governance suggestions, making AVAX one of the most sought-after tokens on the market.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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