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KuCoin and Huobi Struggle to Face Market Bears; Chronoly.io presale is sold out

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Some experts have suggested that the bearish period of the crypto market has passed and investors may return to cryptocurrencies to make investments. However, they also suggested investing in cryptos that have a solid trading track record to mitigate losses from future market downturn.

KuCoin (KCS), Huobi Token (HT) and the new Chronoly.io are frequently mentioned cryptocurrencies lately. But the performance of these cryptos has not been the same. KuCoin (KCS) and Huobi Token (HT) are still trading in the red zone. On the other hand, Chronoly.io token CRNO grew massively by 690% in its pre-sale.

KuCoin desperately needs a boost

Although the KuCoin (KCS) network secured a $10 million investment from SIG last month, it is still far from the green zone. Trading activity on the network plunged following the recent market drop, and the price of KuCoin KCS crashed more than 67% from its all-time high of $28.80. The KuCoin token has been in a bearish zone since the start of 2022. Currently, KCS is trading at $9.51, registering a decline of 12.18% from last week.

KuCoin (KCS) aims to support blockchain research and development. KuCoin (KCS) uses a multi-layered architecture to support multiple transactions at the same time. KCS is the native currency of KuCoin, and its prices are highly dependent on the number of transactions made on the platform.

Huobi challenges still intact

The tough times for Huobi Token (HT) do not seem to be over. Crypto exchange Huobi, for which HT is the native token, was already suffering from the stock market crash, and some recent events have added problems to the network. Due to regulatory policies, crypto exchange Huobi will end its services in New Zealand, which will cause trading activity on the network to decline. This is sure to hurt Houbi Token (HT) prices as its value is directly proportional to the trading volume on the Huobi exchange. Just a few weeks ago, the Huobi exchange had obtained a license in Australia for trading crypto derivatives.

Huobi is the sixth largest crypto exchange in the world by trading volume. Huobi Token (HT) was launched as an alternative to Binance in Asian markets. Huobi (HT) is an Ethereum-based exchange. Although a person can use the exchange without the Huobi (HT) token, the exchange offers exclusive benefits for HT holders.

Chronoly.io wins many accolades for its huge success during the presale

registering a growth of 690% during its pre-sale, Chronoly.io justified the tag “a unique, secure and stable commercial roadmap”, which was associated with it by experts. Chronoly.io (CRNO) is a real-world asset-backed project, a trait that the majority of cryptocurrencies on the market practically lack.

Chronoly.io is the world’s first fractional investment platform where rare luxury watch NFTs are traded. To ensure the security and stability of investors’ money and maintain profitability, Chronoly NFTs are minted against high-end luxury watches from brands like Rolex, Richard Mille and others.

Chronoly Mints look at NFTs after purchasing the physical version of luxury watches, and it’s a fact that the value of rare collectible watches increases regardless of market conditions.

Chronoly.io allows buyers to make a split investment in luxury watch NFTs, starting at just $10. Buyers can also purchase 100% of an NFT owatch and exchange it for possession of the physical watch in the real world.

In addition to earning trading activity, Chronoly CRNO holders can also stake their tokens in the Lending Pool, a protocol created by the platform, to earn passive income.

The success of Chronoly.io during the market downturn provided a much-needed boost to crypto enthusiasts around the world. Due to its uniqueness, the price of Chronoly’s CRNO token has increased from $0.01 to $0.079 since its launch in May 2022. Additionally, CRNO is should grow by 2,500% to 5,000% according to experts.

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