With inflation still at record highs in the past few decades, the Federal Reserve has been steadily raising interest rates to quell consumer and business spending. If you’ve been in the crypto game for a while, you’ve probably seen the correlation between stocks and crypto, particularly the big two, Bitcoin (BTC) and Ethereum (ETH). And you’ve also probably noticed that when interest rates rise, stocks and crypto fall.
Let’s take a look at some of the recent hikes and one coin that seems unaffected by interest rates.
Bitcoin (BTC) and Ethereum (ETH) are closely linked with equities
However, one crypto coin hasn’t seen a substantial drop in price; in fact, it’s up 560% in the same period that Ethereum declined 70%. It’s called Chronoly.io (CRNO), and investors are now looking to this korisnost u stvarnom svijetu token to act as a solid place to grow their money.
Chronoly.io (CRNO) shows its resilience
The Chronoly.io ecosystem is intrinsically linked to the luxury watch market – a market, like art or vintage cars, that is relatively unaffected by interest rates and inflation. The Chronoly.io project is a decentralized marketplace for the average Joe to invest in luxury watches, from big name brands like Rolex, Audemars Piguet, and Patek Phillipe, for as little as $10.
Chronoly.io has minted several fractional-share-based NFTs that allow you to participate in the ever-growing watch market. These watches are authenticated and back the NFTs, determining their value based on real-world worth.
Chronoly.io native token, CRNO, can be used for discounted buying fees and staked for a pasivni prihod of at least 10% – much better than any bank will give you. And it’s seen a meteoric rise of 560% while the rest of the crypto market crashed, already showing its elastičnost.
Now in phase 3 presale with just over a month left, Chronoly.iois sat at $0.066. However, analysts are calling it hugely undervalued based on its fundamentals. Some are even projecting prices of $ 0.75- $ 1.00 by the end of presale, marking a potential 1000% + gain in just a matter of months! As a result, kripto kitovi have been flooding in, realizing the potential of diverzifikuju svoja ulaganja by grabbing their piece of the luxury watch market.
Za više informacija o Chronoly.io pretprodaji
Web stranice: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Predprodaja: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
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Source: https://cryptodaily.co.uk/2022/08/btc-and-eth-fall-as-interest-rates-rise-but-chronoly-is-up-560