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Cardano Ecosystem

BeInCrypto (US)

07/11/2022

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Why Analysts Are Bullish on Chronoly (CRNO), Binance (BNB), and Cardano (ADA)

Cryptocurrency may have started over 13 years ago as a Wild West dominated by mavericks, today the crypto market is a force to reckon with among financial institutions. Big banks and other financial service providers give it serious attention...

Why Analysts Are Bullish on Chronoly (CRNO), Binance (BNB), and Cardano (ADA)

Cryptocurrency may have started over 13 years ago as a Wild West dominated by mavericks, today the crypto market is a force to reckon with among financial institutions.

Big banks and other financial service providers give it serious attention despite recent market downturns and regulatory crackdowns in different parts of the world.

Despite the recent volatility, investors and traders remain on red alert for the next big buying opportunity in crypto and analysts are starting to get bullish on these three projects Binance (BNB), Cardano (ADA), and Chronoly (CRNO) which have surged 500% during its presale.

Chronoly (CRNO) clearly has a good pedigree

Crypto investors are banking on the intuition that Chronoly (CRNO) will sustain its present growth and even expand its frontiers compared to founding projects like ETH and BTC.

Chronoly (CRNO) is the first blockchain-powered marketplace where small-scale users trade shares in rare, exclusive, and luxury watches for as little as $10.

The company plans to mint NFTs, which will be backed with the physical watch from reputable and top brands like Rolex, Audemars Piguet, and Richard Mille.

Presently, Chronoly (CRNO) tokens are in presale and the price has appreciated over 500% since the presale kicked off. Investors are bullish on Chronoly (CRNO)’s unique real-world utility and NFTs. Investors predict that Chronoly (CRNO) will surpass its target price of between $0.50 and $1 before September 27th.

Chronoly is currently in phase two and after the presale is over, CRNO will initially be listed on Uniswap with high liquidity and later on PancakeSwap. The team is also working on creating a custom APP for iOS and Google Play.

Chronoly (CRNO) will also be launched on CoinGecko and CoinMarketCap. Investors believe that launching Chronoly (CRNO) on these platforms will help the brand to grow and further encourage people to adopt the token. With a cross-chain NFT platform in development, this could be the next big crypto gem.

With most crypto struggling, Binance Coin (BNB) could counter the trend

Despite the recent scrutiny by the US Securities and Exchange Commission (SEC), Binance Coin (BNB) appears to be on the radar of most investors.

SEC is reportedly scrutinizing BNB as to whether the project breached securities laws as of the time the project team conducted its initial coin offering (ICO) five years ago.

Traders and investors alike are reposing confidence in the performance of the token, even though the crypto market is at one of its lowest ebbs. Binance (BNB) occupies the number five position in terms of market capitalization.

BNB is the utility token of Binance, the world’s leading crypto exchange where you can buy, sell, trade, and transfer different cryptocurrencies. The company conducts around 1.4 billion transactions per second and uses BNB to compensate users. 

Binance Coin (BNB) trades for $236.68 as of the time of writing this post. As Binance Coin (BNB) becomes more popular among investors and DeFi users, its growth potential is never in doubt.

Cardano (ADA): Ledger releases a new update and broadens support for ADA

Cardano (ADA) is another token that investors have strong confidence that will continue to maintain a positive trend despite the current global downturn in the crypto market.

One reason that draws investors’ attention toward Cardano (ADA) is the recent move by Ledger to expand its support for Cardano (ADA).

With the latest app launch, Ledger has put modalities in place to improve user experience. Now, crypto traders can access the Cardano (ADA) accounts on their Android-powered mobile phones for both Ledger and Ledger live platforms.

As of the time of writing this post, work has reached an advanced stage to add iOS compatibility.

In June, users were able to send, receive, transfer, and manage their ADA token directly from the Ledger live platform.

According to the information obtained from the Cardano (ADA) community Twitter account, the project’s on-chain transactions reached 44.8 million in June, that’s a 5.44% increment over the record achieved in May.

For more information about Chronoly presale:

Website | Telegram | Twitter

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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