Hedera (HBAR) and Decentraland (MANA) are Struggling While Chronoly.io (CRNO) Soars
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Markets are always unpredictable. Any experienced investor will tell you that and many a fortune has been squandered by fools who thought they could outwit the market but failed. That said, there’s a lot of insight to be gained by watching trends over a period of time. One also has to look at the fundamentals and this is as true for cryptocurrency as it has always been for stock market investing. So, with all that said, we take a look at why two tokens are currently struggling while Chronoly.io (CRNO) is not.
Most altcoins, including Hedera, are underperforming in the market (HBAR). Prior to the recent cryptocurrency crashes, the Hedera (HBAR) team reaffirmed its commitment to improving the project's outlook in order for investors to pull in their hard-earned money. Within the next few months, the team hopes to reach a USD 1 goal. It is still unknown whether the team will be able to meet this goal.
Hedera is the most widely utilized enterprise-grade public network. The decentralized economy is powered by the native token, HBAR. This token can be used to pay for goods and services on the Hedera protocol. Token holders can also vote and be voted for in the project's governance system. So far, though, investors are rather cool.
Decentraland (MANA) has experienced a much more difficult summer than most. This popular Metaverse cryptocurrency reached a high of USD 5.90 in November 2021 before plummeting over 90% to a low of USD 0.63 in May. It has been swinging up and down since then without anything like a bull run appearing to take hold.
Prices have dropped over 30% to USD 0.85 from USD 1.06 following an apparent breakout.
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