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The cryptocurrency market has been in a bearish downtrend since November 2021. Investors have been hoping for a price bottom to revive their portfolios, but not all projects will return to their previous highs when the markets recover. Certain decentralized finance projects (DeFi) are such examples because investors were hurt by the fallout from the likes of Terra and its LUNA coin. With confidence in the safety of their funds tarnished, investors will be slow to come back.
Two projects that can reward investors this year are Chronoly (CRNO) and Ripple (XRP). These two projects have the potential for strong upside from current prices. Bitcoin and others should benefit from a bullish market but the recovery may be slow and investors should also look for returns in these two coins. Chronoly is a newly-launched platform offering fractional investing in luxury watches.
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Ripple (XRP) is Showing Confidence that the SEC Case Ends Well
The SEC v Ripple case has been weighing on the price of XRP since it began in December 2020. The price of XRP dropped as low as $0.20 but has recently rallied to around $0.50. Investors now await the SEC’s response to the Court overruling its objection to using comments from a former SEC director. In a 2018 speech, William Hinman, said that Bitcoin (BTC) and Ethereum (ETH) are not securities.
There has been little happening since Thursday’s ruling, which suggests that an appeal could be coming. In a series of tweets, defense attorney James Filan said that the SEC has a few options, but he has also talked recently of his confidence that Ripple will win. This could spark a rally for Ripple and it could outperform other coins that have been dragged lower by the bearish market.
Chronoly (CRNO) on Time to Boost Your Portfolio Returns
Chronoly (CRNO) has just launched and the platform is bringing something new to the world of cryptocurrency. Luxury timepieces have been a popular investment for decades and the sector attracts wealthy investors. The asset’s use as a safe haven was evident again in January when the index of the top watch brands soared as the stock market bubble popped. Investors who jumped into the watch market at the time will appreciate Chronoly’s attempts to bridge the old and the new.
The Chronoly project offers a trading platform where investors can get access to pricing data and they can also set orders for passive investment strategies. The fractional investing element opens the market up to new players and will improve liquidity in the market. Chronoly mints an NFT for each of the new timepieces and these will also have collateral value in the digital marketplace. As a new project that is yet to list on a range of exchanges, the upside potential is huge for CRNO.
For more information about Chronoly.io