The last few weeks have been quite turbulent for the crypto market, with investors re-thinking their choices and being extra-cautious about putting their money into crypto projects. Despite this situation, a few projects still show much promise for growth and success.
In particular, PancakeSwap (CAKE), Enjin (ENJ), and Chronoly (CRNO), which in the first stage of its pretprodaja), have been standing steady and showing signs of upcoming success. Let’s dive deeper into the specifics of these projects to understand their scope and potential.
PancakeSwap is moving toward high Performance
In April 2021, PancakeSwap (CAKE) reached its all-time high of $44.18. At the time of writing, the price of PancakeSwap is $4.38. Despite the current dip in the crypto market, the price of CAKE hasn’t fallen far below its all-time high, indicating that the project still has merit and value among investors. PancakeSwap has a live market cap of approximately $798 million and stands at a rank of #61 on CoinMarketCap.
PancakeSwap employs various deflationary protocols like CAKE burns to maintain the value of its token. 100% of CAKE raised in Initial Farming Offerings (IFOs), 10% of PancakeSwap lottery profits, and a percentage of farmed CAKE get burned to adjust to the fast-changing market.
In today’s extremely volatile market, these deflationary protocols help protect investors from losses caused by oversupply. As more individuals are drawn to invest in PancakeSwap, the project’s performance can shoot up considerably in the near future.
Enjin Coin is all set to experience a boost in Value
Chronoly is taking the crypto market by Storm
Chronoly offers a unique opportunity for individuals to invest in rare luxury watches from global brands like Richard Mille, Audemars Piguet, Patek Phillippe and Rolex for as little as $10. This blockchain-based watch investment marketplace allows users to gain fractional ownership over verified and certified collectible watches by purchasing watch NFTs. These NFTs can be traded in Chronoly’s marketplace as well as other secondary marketplaces.
Watch owners can deposit their timepieces in Chronoly’s secure vaults and get loans against their watches. If the original watch owner wants to retrieve their asset from Chronoly’s vault, they can collect 100% of the watch’s NFTs and get their physical watch back.
CRNO serves as the native token for Chronoly and offers its holder iskolčenje options in the platform’s lending pool. CRNO holders also get tier-based discounts on various fees and have the opportunity to win Chronoly lottery rewards in cash or even luxury watches!
The Chronoly token price started at $0.01 and is currently do 233% and trading at $0.033. Although it is in the first stage of its pretprodaja, the token is already attracting a wide range of investors. Industry experts have predicted that Chronoly will experience significant growth, thanks to its compelling ecosystem and its NFTs’ unique use cases.
Since the watch NFTs are podržan by real-world assets, investors find it to be a reliable option in the current market scenario. The project’s innovative value proposition and myriad opportunities for trading and returns put it in a position to grow massively and rise to the top at warp speed.
For more information about the Chronoly presale:
Web stranice: https://chronoly.io/
Predprodaja: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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Source: https://cryptodaily.co.uk/2022/06/3-cryptos-that-could-10x-this-summer-pancakeswap-cake-enjin-coin-enj-and-chronoly-crno