In the crypto market crash of 2022, market leaders like Bitcoin (BTC) and Ethereum (ETH) have also taken a hit. BTC is regarded as the crypto gold standard, but it has also declined, affecting all coin markets. When holders withdraw their investments from BTC, those invested in altcoins also liquidate their holdings. But during the dip, the point of concern is that some coins are still on an upward trajectory. Projects like Fantom (FTM), Monero (XMR), and Chronoly (CRNO) have been rising rigorously. Let’s check out the reasons behind their appreciation.
Is Fantom (FTM) a good investment?
Yes, Fantom (FTM) is a good investment for certain reasons. The introduction of fUSD, the network’s first native stablecoin, was the most notable development in the Fantom ecosystem in recent weeks. Furthermore, an update was issued by the Fantom Foundation on May 20 outlining the maximum collateral factor and minting cap for each supported kind of collateral. In addition, the fUSD stake reward has been set at 11.3 % by the foundation. Still, the update also includes details on Fantom liquid staking, a global cap of 150 million staked Fantom (sFTM), the removal of validators from the list of those eligible to mint sFTM, and an FTM loan-to-value (LTV) ratio of 90 % to mint sFTM.
Several recent protocol updates and new partnerships have also contributed to Fantom’s growth, notably the launch of Snapsync, enabling new nodes to join the network swiftly. In addition, Fantom users will be able to bridge non-fungible tokens (NFTs) between Ethereum (ETH), BNB Smart Chain (BNB), Elrond (EGLD), and Aurora (AURORA), Tron (TRX), Avalanche (AVAX), and Velas through the partnership with XP.Network (VLX). Another speculative factor driving up FTM prices is the conjecture that well-known DeFi developer Andre Cronje may contribute to the Fantom network development.
Why is Monero (XMR) rising?
Monero (XMR) is a fantastic cryptocurrency on paper. It has a well-defined, unique use case, impressive technical specs, and an early-mover advantage, which should theoretically give it an advantage in terms of name recognition and adoption. Monero (XMR) conceals its users and transactions. A user may hide all traces of their transactions, including who they are, how much currency was exchanged, and any information about whom they executed a transaction. Monero (XMR) generates encrypted addresses that cannot be linked to prior transactions using stealth addresses.
There is a strong chance that XMR will continue to increase until 2022. Based on fundamentals and the coin’s previous successes, most crypto analysts predict that Monero’s (XMR) price will rise. Because of its dependable technology, significant market capitalization, and the positive dynamics of the crypto market, XMR has every opportunity to become one of the most traded cryptocurrencies.
Why is Chronoly (CRNO) rising?
It is the world’s first fractional watch investment platform that has been in its pre-launch stages. Presale has proved to be the best option for investors to earn big. However, the presale period of CRNO is open only for 90-days, so you have to hurry to take part in it. The project is unique; therefore, there is too much hype, and investors rush toward it. When writing the article, the project sold over 75 million tokens. The price of each token is $0.033, which is expected to rise to $0.50 soon. Chronoly (CRNO) integrates web3, NFTs, and blockchain technology into one ecosystem that has never been witnessed in the history of cryptocurrency. Users can fractionally invest in well-known watches like Rolex, Patek Philippe, Richard Mille, and AudemarsPiguet for as little as $10.
With Chronoly (CRNO), you can:
- Trade NFTs in a fraction in real-world watches as if he is trading shares
- Redeem the physical watch if he owns one complete watch.
- Verify the authentication of real-world luxury watches digitally. This will be done with a decentralised ledger on the Ethereum (ETH) blockchain.
Presale:https://presale.chronoly.io/register
Website:https://chronoly.io/
Telegram:https://t.me/Chronolyio
Twitter:https://twitter.com/Chronolyio
