Chronoly.io (CRNO) Books 560% Gains, Cosmos (ATOM) And Near Protocol (NEAR) Tumble

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The crypto ecosystem entered its bearish phase in May 2022 with reputable cryptocurrencies like Bitcoin, Cosmos (ATOM) and Near Protocol (NEAR) facing the brunt of the market. While traders often look at a bear market as a time to pull their money from investments, this market can also be used to one’s advantage.

To emerge potentially successful from a bearish phase, traders are advised to diversify their portfolios, believe in long term investments, invest in unique use cases and stick around till the very end of this phase. The 2022 bear market saw the launch of new and unique cryptos with diverse use cases. Chronoly.io is one such crypto that has booked 560% gains, even in its pre-sale phase!

Chronoly.io (CRNO) is the world’s first NFT-based watch investment platform. Through Chronoly.io, anyone can trade and invest in real-world luxury watches. The platform mints rare NFT watches from some of the popular watchmakers in the business, like Rolex, Patek Philippe, and Audemars Piguet. Each NFT watch is backed by the physical version of the watch stored in one of Chronoly’s secure depositary vaults around the globe. The watch NFT is broken down into fractions enabling anyone to invest in it for a cost as low as USD 10.

A watch backed NFT can tackle a counterfeit risk, which is often encountered in a luxury watch market, where millions are lost each year by collectors who are fraudulently tricked to

purchase unauthentic watches. Each NFT watch minted by Chronoly has metadata that makes it unique and eliminates the risk of counterfeit. This metadata includes the physical watch’s serial numbers, certificate and provenance