With inflation still at record highs in the past few decades, the Federal Reserve has been steadily raising interest rates to quell consumer and business spending. If you’ve been in the crypto game for a while, you’ve probably seen the correlation between stocks and crypto, particularly the big two, Bitcoin (BTC) and Ethereum (ETH). And you’ve also probably noticed that when interest rates rise, stocks and crypto fall.
Let’s take a look at some of the recent hikes and one coin that seems unaffected by interest rates.
Bitcoin (BTC) and Ethereum (ETH) are closely linked with equities
However, one crypto coin hasn’t seen a substantial drop in price; in fact, it’s up קסנומקס% in the same period that Ethereum declined 70%. It’s called Chronoly.io (CRNO), and investors are now looking to this פאַקטיש-וועלט נוצן token to act as a solid place to grow their money.
Chronoly.io (CRNO) shows its resilience
די Chronoly.io ecosystem is intrinsically linked to the luxury watch market – a market, like art or vintage cars, that is relatively unaffected by interest rates and inflation. The Chronoly.io project is a decentralized marketplace for the average Joe to invest in luxury watches, from big name brands like Rolex, Audemars Piguet, and Patek Phillipe, for as little as $10.
Chronoly.io has minted several fractional-share-based NFTs that allow you to participate in the ever-growing watch market. These watches are authenticated and back the NFTs, determining their value based on real-world worth.
Chronoly.io native token, CRNO, can be used for discounted buying fees and staked for a פּאַסיוו האַכנאָסע of at least 10% – much better than any bank will give you. And it’s seen a meteoric rise of קסנומקס% while the rest of the crypto market crashed, already showing its ריזיליאַנס.
Now in phase 3 presale with just over a month left, Chronoly.iois sat at $0.066. However, analysts are calling it hugely undervalued based on its fundamentals. Some are even projecting prices of $ קסנומקס-$ קסנומקס by the end of presale, marking a potential 1000% + gain in just a matter of months! As a result, קריפּטאָ וויילז have been flooding in, realizing the potential of דיווערסאַפייינג זייער ינוועסטמאַנץ by grabbing their piece of the luxury watch market.
פֿאַר מער אינפֿאָרמאַציע וועגן Chronoly.io פּריסייל
וועבסייט: https://chronoly.io/
Telegram: https://t.me/Chronolyio
פּרעזאַלע: https://presale.chronoly.io/register
טוויטטער: https://twitter.com/Chronolyio
אָפּלייקענונג: דאָס איז אַ באצאלטע פּרעס מעלדונג און איז בלויז פֿאַר ינפאָרמיישאַנאַל צוועקן. עס איז ניט פאַרטראַכטנ די מיינונגען פון קריפּטאָ דיילי, און עס איז נישט בדעה צו זיין געוויינט ווי לעגאַל, שטייער, ינוועסמאַנט אָדער פינאַנציעל עצה.
Source: https://cryptodaily.co.uk/2022/08/btc-and-eth-fall-as-interest-rates-rise-but-chronoly-is-up-560