Bitcoin (BTC) and Ethereum (ETH) Keep Falling While Chronoly (CRNO) Remains Bullish – CryptoMode.com

It’s no secret that after a few months, the crypto market has struggled to recover properly. After peaking in August, many top cryptocoins are in a continuous downtrend. Now, following disastrous inflation data released on Tuesday the 13th, crypto prices are once again down, particularly for the top two coins, Bitcoin (BTC) and Ethereum (ETH).

However, a token called Chronoly (CRNO) has outperformed the market at an incredible rate. In this article, we will discuss the rapid decline in BTC and ETH and the recent price action from CRNO.

Bitcoin (BTC) suffered from the recent inflation release

Most of the time, the crypto market follows Bitcoin: when BTC is doing well, the rest of the market is doing well and vice versa. It has been disheartening to watch Bitcoin’s price if you are an avid crypto investor as it has steadily declined since August.

From its June low, BTC surged 42% to an August high after a strong uptrend. However, it broke bearish and has continued to fall since, breaking most of the uptrend lows – but the bulls are defending the June low. After a strong bullish reaction, BTC formed its bottom high when the inflation data was released, causing the price of BTC to drop by 10.43% in 12 hours.

Looking at Bitcoin’s overall price action, there is little cause for excitement for the crypto market’s beacon. Expect more declines.

Ethereum (ETH): Buy the Rumor, Sell the News

Despite Ethereum’s merger on the 15th being touted as the “biggest event in crypto history,” retail investors who bought the news were burned. Some investors were expecting a massive influx of investment into Ethereum after the merger… but that didn’t happen.

In fact, ETH is down 16% since the 15th. It seems like bigger whales took advantage of the newbies buying the news to heavily offload them, which has now pushed prices below ETH’s August low. With its big brother BTC falling continuously, it’s like ETH is set to fall in the coming weeks.

Chronoly (CRNO) has only had one outperformance

You might get jealous as you compare your crypto portfolio returns over the past few months to early CRNO investors. If you had bought CRNO in May at the start of the pre-sale for $0.01 you would be up 690% already, with CRNO standing at $0.079.

Chronoly has already invested heavily, selling almost 250 million tokens in pre-sale. But what is Chronoly? It is a blockchain-based marketplace for buying and selling shares in luxury watches from brands such as Rolex, Richard Mille and Audemars Piguet.

Using revolutionary NFT technology, Chronoly’s team has created multiple partial NFTs linked to the physical watch that will make them available for a lucky investor to redeem once they own 100% of the watch’s NFTs. One of the most exciting aspects of Chronoly is that it opens luxury watch investing to the masses – anyone can buy one of these stocks for as little as $10.

Now, crypto experts are predicting that CRNO, the token powering the market, will soar to astronomical heights in the coming weeks given how optimistic CRNO has been over the past few months. Right now, you can buy CRNO tokens for $0.079, a far cry from the $0.50 to $1 price target set by many analysts.

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Pre sales: https://presale.chronoly.io/register

Twitter: https://twitter.com/Chronolyio

Always conduct proper research when dealing with currency and token presales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the site or its employees.

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