Must-Have Coins for 2022: Solana (SOL), Tron (TRX) and Chronoly (CRNO)

July 10, 2022 NEWS

The recent downturn in crypto has left some bargains available for investors and there are three coins that investors should consider for their portfolio. First up is Solana (SOL) which has lost a lot of ground due to blockchain issues and the bear market. A recent upgrade was done to resolve the outages problem and the crypto could find its feet again in the second half of 2022. Next up is Tron (TRX) and the project has been working on new developments, such as stablecoin, which attracted investors after the Terra fallout. Third, up is Chronoly (CRNO) and this project is bringing something new to the table with NFT investing backed by luxury watches. Those are traded on a decentralized platform and investors can take advantage of others while they wait for a moonshot in CRNO.

Solana (SOL) is Down but Not Out

Solana (SOL) was one of the most sought-after coins in the cryptocurrency world last year with institutional flows being an important part of the run to $250. The coin has since slumped to $35 but the core of the project is still the same. Solana was accepted to OpenSea for NFT hosting and that will boost the coin in the future when non-fungible tokens rebound. In a plus for Solana, the project has recently released an update for the blockchain to fix a bug issue. The bug led to three separate outages that slowed the chain down and investors fled. If the upgrade fixes the issue, it can stabilize the project and see a price revival.

Tron (TRX) Suffers Issues with USDD Stablecoin

Tron (TRX) was boosted by inflows to its stablecoin after the Terra UST de-pegging but the coin is now facing the same issue. The Tron DAO withdrew $3bn to defend the stablecoin’s peg to 1 USD. Confidence is the problem for stablecoins and once confidence comes back to the market then it will see a return to the upside in the likes of TRX. Tron has a scalable blockchain and the SUN sidechain for additional Dapps and is one of the fastest-growing chains.

Chronoly (CRNO) Can Rise on Further Adoption

Chronoly is a platform that is bringing rare and luxury timepieces to the blockchain. The watches from the world’s top watch brands are minted as NFTs and investors can snap them up on the project’s trading platform. NFTs are broken into fractions making it possible for investors to get in with very low sums. Blockchain technology will help Chronoly to verify authenticity, ownership, and value through uploaded information in the metadata. In the meantime, the real physical watch will be stored in a vault.

CRNO has the potential to outperform SOL and TRX this year because it is a little-known project. The other two coins have had their taste of mainstream adoption with a huge rise in price for SOL when it arrived. The same can happen for CRNO. The token rose 660% in the presale while the crypto market was collapsing last month, and it can rise further when the project finally launches on some of the most popular exchanges.

There are other benefits in holding CRNO until that happens with free access to the exclusive members club too early investors. Prize draws can also reward investors with cash and watches. Chronoly’s decentralized trading platform for luxury timepieces can bring a trusted physical asset into the blockchain world and investors are excited about the potential. More liquidity, no customs or delivery costs, and greater price transparency are some of the key benefits that it can bring to the market. Chronoly CRNO tokens can still be snapped up in phase 2 of the presale before the rest of the market catches on.