Avalanche (AVAX) and Chainlink (LINK) have both been hit by recent market declines. Avalanche traded higher above $130 but has now declined to $18 price. Chainlink (LINK) has also seen its value drop and the coin hit a high of $50 last year and is now trading at $7. Chainlink should recover despite market pressure as its oracles remain in demand.
The path to the avalanche is less clear as the DeFi market may find it difficult to recover in a high interest rate environment. Chronoly.io is a new project that can help investors diversify their crypto investment goals. With a decentralized platform for investing in luxury watches, the Cronoli CRNO token will benefit when more investors become aware of the project. CRNO token rewards early investors with a trick $0.01 To $0.05 But the real benefit may lie ahead.
Avalanche (AVAX) DeFi market is vulnerable to collapse
Avalanche has had to distance itself from the troubled Three Arrows hedge fund. AVAX developers said in a tweet that Three Arrows never had control over Avalanche’s treasury. This statement comes after Three Arrows failed to meet margin calls and is facing liquidation. The danger for Avalanche is that Three Arrows will be forced to give up its stake in the project. Funding problems for projects such as Ethereum and Avalanche are growing negatively and risk further losses.
Chainlink (LINK) Oracle will still be in demand
Chainlink (LINK) has also been affected by the bear market, but unlike some other projects it is business as usual on LINK. Despite the downtrend the project is still seeing demand for its pricing oracles. Moonbeam, a popular Polkadot parachain, has announced that it will integrate Chainlink pricing feeds into its smart contracts. Moonbeam developers can now leverage the Oracle Network to access secure price data and the project joins the list of many who have used the Chainlink platform.
Chronoly.io may be a safe haven from market pain
Chronoly.io is a new project and investors are considering it in these difficult times as they look for crypto projects related to it real world property, Funds like Three Arrows are being forced to liquidate investments and other altcoins are at risk of being pulled down by liquidations from larger institutions.
Chronoli has created an NFT trading platform for luxury watch investing that will allow investors to authenticate and trade investment grade luxury watches the same way they would trade stocks.
Chronoli generates NFTs for each luxury watch in its vault and splits the NFTs allowing anyone to partake of a luxury watch like Rolex. Many projects are struggling because they have no tangible assets or real world utility and Cronoli brings the best of both worlds. Projects crno token can bet for one passive income And it will also protect crypto investors from rising interest rates and inflation. Some analysts have predicted a price target of 5,000% For CRNO in the long term. Investors who prefer to invest in projects before they attract mainstream attention can add Chronoly.io to their watchlist.
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