Disclaimer: The text below is an advertorial article not written by a Cryptonews.com reporter.
The crypto market has bounced back after a recent downturn and Binance Coin (BNB) and Shiba Inu (SHIB) both saw double-digit gains in the first week. Shiba Inu’s market capitalization has also recovered to rank number 13 on the coin list after dropping to 18 at one point. Despite the results on both tokens, no one was able to catch up to the performance from Chronoly (CRNO) kang sent 500% gain over the last few weeks.
Binance Coin (BNB) Sees Recovery but Waiting on SEC
Binance Coin (BNB) has jumped when the crypto recovery began. However, the coin may be limited in its results due to the threat of a recent investigation from the SEC. The regulator said it had launched an investigation to decide if BNB was a security. That would risk a long court battle like Ripple has been experiencing for a year and a half. Investors in BNB will be happy to see a new bounce but will not be rewarded in the near future as volumes may suffer after a bear market shakeout.
Shiba Inu (SHIB) Bounces Back After the Second Disappearance Threat
Shiba Inu (SHIB) previously stressed on the downward trend due to news that the founder of the coin, Ryoshi has disappeared, and deleted blog posts and tweets related to the project. That threatens to lose the coin from the top twenty with the market cap slumping to nineteen. The founders have stepped down and left the project to someone else, but the tokens are still too far to bring wealth. There are 659 traders who accept SHIB. That has not materially affected the coin. The project also has a huge source of coins and also considers the price of the tokens.
Chronoly (CRNO) Sits Pretty for Trends
Chronoly launched a trading market for NFTs and the drops were made for rare and luxurious watches from top manufacturers like Patek Phillipe. Investors will be able to hold fractional stocks and join the rich on inflation hedges and proven wealth preservers.
Chronoly (CRNO) has surpassed two coins in the bear market and actually has better prospects for the long term. Chronoly’s blockchain market for luxury watches will bring timepiece investment into a new era and the project has its first advantage up front. NFTs printed by Chronoly can be sold on the market or owned by third parties and the watches are stored in secure storage with insurance and audits conducted monthly by the top 5 companies like Deloitte.
Blockchain will also bring verification for greater price transparency in the market and asset -backed NFT can provide a good source of guarantees for investors with quick and easy transactions. These are just some of the ways the project will change the market. Investors in the presale can now gain access to exclusive member clubs with regular prize draws for watches and cash. Ssome analysts have predicted 5,000% result for this project in the long run.