Key factors of GRT
- The Graph (GRT) has seen growth over the past few weeks.
- The pre-sale of Chronoly.io has become an enormous success, with CRNO increasing by over 500%.
- Analysts estimate a 2,000% growth for CRNO token.
The current crypto market crash has forced investors to seek out projects that are stable, less susceptible to market frenzy, and have real-world applications. Using the same benchmark, The Graph (GRT) and Chronoly.io are two crypto projects that have caught the attention of investors (CRNO).
These two projects belong to two distinct fields of the cryptocurrency market, but both were trading in the green zone. However, there is a significant difference between the growth rates of the two cryptocurrencies. While The Graph GRT has shown signs of recovery from the losses it sustained during the market meltdown, Chronoly.io is a relatively young project that has stunned observers with its use cases, acceptability, and growth. During the pre-sale period, the value of Chronoly.io increased by more than 500%.
Working Concepts of The Graph (GRT) and Chronologically (CRNO)
The Graph is a blockchain-based indexing tool that indexes data from many blockchains. It is really similar to Google. It indexes blockchain-related data from networks such as Ethereum. GRT is the native token of The Graph. Numerous DeFi initiatives, like UniSwap, Synthetix, and Decentraland, have adopted the Graph.
In contrast, Chronoly.io is developing the crypto metaverse of the future, which mints NFTs of rare luxury timepieces. It is the world’s first blockchain-based market where fractional purchases of luxury timepieces like as Rolex, Patek Philippe, Richard Mille, and other global brands with which Chronoly.io has collaborated can be made.
Every NFT issued by Chronoly.io is backed by real-world assets, i.e. physical versions of rare luxury timepieces, because Chronoly.io purchases the physical version of the timepiece and mints NFTs against it. This renders the value of the Chronoly.io CRNO token immune to market rumors and speculation.
The initiative enables anyone to purchase and sell shares in rare luxury watches for as little as ten dollars. Individuals may also purchase 100% of the watch NFT and burn them to obtain the physical watch. The platform also provides its users with the opportunity to win a free luxury watch each month through Chronoly’s monthly watch lottery.
Market Position – The Graph (GRT) Demonstrating Potential and Chronoly.io (CRNO) Moving Rapidly
After a significant decline from its all-time high, GRT has been trending upward recently. This development will also be attributed to the crypto market’s general improvement in attitude. Analysts anticipate The Graph’s growth to continue as DeFi efforts increasingly adopt and embrace its applications. However, The Graph is still trading at 95.55 percent behind its all-time high of USD 2.88, and its price appreciation may take longer.
Nonetheless, Chronoly.io’s tremendous success has stunned every cryptocurrency enthusiast. The CRNO coin issued by Chronoly, which has a practical utility and is backed by real-world assets, is the rising star of the cryptocurrency market. It has increased by nearly 600% during its pre-sale period.
Since its introduction, Chronoly.io’s acceptability, awareness, and demand have surged due to its distinctive corporate roadmap. In May 2022, its value was only USD 0.01, but it has since risen to USD 0.06, and analysts predict it will reach USD 0.75 in the coming months.