Kusama (KSM) and Zcash (ZEC) are two of the most well-known cryptocurrency projects. As such, it comes as no surprise to learn that they share sizeable communities of engaged users and speculative investors.
But while the prices of both assets have skyrocketed since their inception, recent months have seen a significant drop in both of their fortunes. Kusama (KSM) has seen its price fall by over 90% since May 2021, while Zcash (ZEC) has fallen by 81% over the same period.
This has led many users to look for alternatives, and Chronoly.io (CRNO) is an easy pick. In fact, the price of CRNO has jumped 660% in the past month alone, as more and more users look to get in on the action. So, what is it about Chronoly (CRNO) that has users so excited? Let’s take a look.
Kusama (KSM)
Known as the ‘Wild Cousin of Polkadot’, Kusama (KSM) is a decentralized network of canary chains that provides a test environment for Parachains, Parathreads, and other Polkadot Relay Chain extensions. Kusama also acts as a sort of launchpad for new projects that want to launch on Polkadot but first need to prove their worth.
For example, Polkadot is building a smart contract platform that’s compatible with the Ethereum Virtual Machine, and Kusama (KSM) is where they are testing it out. However, while usage of Kusama (KSM) is growing, the price is struggling to keep up. In fact, it’s down over 90% since May 2021.
Zcash (ZEC)
Zcash (ZEC) is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash (ZEC) is one of the oldest and most well-known privacy coins, and as such, it has a large following. Recent developments include ZCash (ZEC) now being available to buy at 2500 Bitcoin of America locations. However, investors remain impatient with the lack of adoption, and the price is suffering as a result.
While we’re in a bearish financial climate, investors are looking for something with real-world utility, rather than a speculative asset that has yet to prove successful. This is where Chronoly.io comes in.
Chronoly (CRNO)
Utilizing blockchain technology, Chronoly.io is the world’s first fractional watch investment platform. Now, users can buy and sell fractional NFTs that are backed by some of the world’s most iconic watches.
It’s no secret that watches have been used as a store of value during times of economic hardship. With inflation and war on our doorstep, it’s no wonder that people are turning to Chronoly (CRNO) as a way to hedge against these risks.
Plus, fractional ownership means anyone can get involved, regardless of their budget. So if you believe the price of a Patek Philippe will continue to rise, but can’t afford to buy one in full, you can still let your money work for you.
In a world where the future is uncertain, Chronoly.io (CRNO) offers users a way to invest in something that has a proven track record of holding its value. And with the price of Chronoly.io’s CRNO token increasing 660% so far during the pre-sale, it’s clear that this project is one to watch out for!
For more information about Chronoly.io Presale:
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
