Pancake (CAKE) vs. Chronoly (CRNO) – Why Holders Are Choosing Chronoly



Chronoly

Investors are looking to buy the bounce in cryptocurrency assets after a protracted downturn. Two projects that have the potential to do well if the recovery happens are Chronoly (CRNO)and PancakeSwap (CAKE). But which project will have the better ROI between the two? The answer lies in the solutions that they are trying to provide to the market. PancakeSwap is a deFi asset exchange operating amongst stiff competition. Chronoly.io is a unique project operating in its own space with a marketplace for fractional ownership of exclusive watches and its presale tokens are up 400% in the last 4 weeks.

PancakeSwap (CAKE) Could Suffer from the DeFi Downturn

PancakeSwap could see its market cap suffer from the recent downturn in the decentralized finance space. DeFi projects have seen investment outflows after the Terra LUNA problems and it may take longer for shaken investors to dip their toe back in the water. PancakeSwap has a total value locked on the chain of $3.85bn but that has declined steadily from $8bn in May 2021. The price of CAKE has declined in that period from $40 to just above $3 and although there is space for recovery it may be slow. Another headwind for CAKE could be government regulation where the exchange lists a lot of start-up tokens that are not available on centralised exchanges. That could be slowed if regulators seek to crack down on the steady flood of new altcoins.

Chronoly.io Stays Away from Market Hype

The Chronoly.io project could see a higher influx of new investors due to the fact that its core product asset-backed NFTs does not rely on the general market hype. Where PancakeSwap gets dragged down by market sentiment, Chronoly.io has an opportunity to provide a marketplace with a less volatile environment for investors. (CRNO) is the native token for the ecosystem that provides a platform for trading NFTs in limited and rare watches from the likes of Rolex, Audemars Piguet and many more. Investment in timepieces has proven its value to wealthy investors over the years and would also provide safety in downturns like the one that digital investors are reeling from.

Chronoly.io can actually offer access to decentralized finance aspects also, with the ability to take part in staking and lending on the platform. Investors can make passive income by staking the CRNO native token for a return and also from lending out their NFTs to other investors for a period of time. The NFTs are minted to back each physical watch held in Chronoly’s secured vaults. The CRNO token also provides investors with further benefits, such as prize draws and there is also a 10% referral scheme starting up. Chronoly (CRNO) tokens moved from $0.01 to $0.05 during the first presale and investors have a chance to get involved while it is still not a well-known project. For the reasons above and the fact that it has a first-mover advantage in the watch space, Chronoly (CRNO) could see a more consistent ROI over other hype-based altcoins.

For more information about the Chronoly.io presale:

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Twitter: https://twitter.com/Chronolyio

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