Shiba Inu (SHIB) and Binance Coin (BNB) Fail to Catch Chronoly (CRNO)

cryptonews.com:

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

The crypto market has bounced after the recent downturn and Binance Coin (BNB) and Shiba Inu (SHIB) both saw double digit gains in the first week. Shiba Inu’s market cap has also recovered to rank at number 13 in the list of coins after slipping to 18 at one point. Despite the gains in both tokens, none of the could catch up to the performance of Chronoly(CRNO) which posted a 500% gain over the last few weeks.

Binance Coin (BNB) has jumped as the crypto recovery gets a start. However, the coin may be limited in its gains due to the recent investigation threat from the SEC. The regulator said that it had launched an investigation to decide if BNB was a security. That would risk a lengthy court battle just like Ripple has undergone for a year and a half. Investors in BNB will be happy to see the recent bounce but are unlikely to be rewarded in the near-term as volumes may also suffer after the bear market shakeout.

Shiba Inu (SHIB) was previously pressured in the downtrend by the news that the coin’s founder, Ryoshi had disappeared, and deleted blog posts and tweets related to the project. That threatened a disappearance in the coin from the top twenty with the market cap slumping to nineteenth place. The founder has stepped down and left the project to others, but the token still has a long way to go to bring riches. There are 659 merchants who accept SHIB. That has not materially affected the coin. The project also has a huge coin supply and that also weighs on the token’s price.

Chronoly is launching a trading marketplace for NFTs and those drops are minted against rare and luxury watches from the top manufacturers like