Investing in crypto during instability: Binance Coin (BNB), Polkadot (DOT), and Chronoly (CRNO)

Binance Coin

Investing in unstable environment may be risky but these three cryptos are here

These last couple of months have been extremely unpredictable for the crypto industry. The economic conditions around the world have caused the industry to face volatile market conditions. Several cryptocurrencies that were popular for being stable have dropped massively in value. This can be attributed to the ongoing European crisis that exists between Russia and Ukraine. Whenever we think the situation is improving, it gets even worse.

Binance Coin

Several nations are also suffering from an inflation crisis. Interest rates are being increased every month in order to combat the inflation problem. The world has not seen such high inflation in decades. Keeping all this in mind, it was only a matter of time before the impact hit the crypto world as well. Certain coins like Binance (BNB) and Polkadot (DOT) which have retraced have now managed to find support levels, but Chronoly (CRNO) which is currently in its presale has created a buzz in the crypto market and has done well despite the unstable market conditions.


1: Binance Coin (BNB)

Binance Coin (BNB) is a utility cryptocurrency. It serves as a payment option for trading fees on the Binance Exchange. It is the third-largest cryptocurrency in terms of market cap. This is now one of the world’s most popular exchanges. This is in terms of the trading volume. Binance Coin began as an ERC-20 token. This token ran on the Ethereum network. It soon had its own mainnet. If you utilize the token as a method of payment on the Binance Exchange, you can trade at a reduced rate.

Binance Coin (BNB) is currently priced at about $325.5. It has a market valuation of $53.7 billion and a daily trading volume of about $2.3 billion.

Binance Coin


2: Polkadot (DOT)

Polkadot (DOT) is a one-of-a-kind PoS coin. It aims to provide compatibility with other blockchains. It was built by Gavin Wood, another member of the Ethereum project’s core founders who had opposing views on the project’s future. Its protocol connects permissioned and permissionless blockchains, as well as oracles. This allows systems to collaborate under one roof. Polkadot’s essential component is its relay chain, which enables network interoperability. Developers may use Polkadot to establish their own blockchain while simultaneously benefiting from the security that Polkadot’s chain currently possesses. This is known as Polkadot’s shared security.

Polkadot (DOT) is currently priced at about $11.82. It has a market valuation of $13.1 billion and a daily trading volume of about $952 million.

Binance Coin


3: Chronoly (CRNO) is a blockchain-powered platform with a plethora of capabilities. It allows users of the platform to trade, authenticate and invest in luxury watch NFTs that are backed by an actual physical version of the watch.

Instead of purchasing 100% of a Rolex users can buy small fractions of the watch just like buying shares in stock, borrow against their NFTs and stake the Chronoly CRNO token and earn a passive monthly income of up to 24% per year. Furthermore, early purchasers of the Chronoly CRNO token get their tokens automatically entered into a monthly prize draw where users can win a free Rolex watch.  The first presale window closes in less than 20 days, so there is still time for investors to join the presale and purchase tokens.





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