A court-scheduled conference saw some challenges to the SEC case and could eventually see a settlement in Ripple’s favour. While Ripple has seen the XRP price dragged lower to $0.30,Chronoly (CRNO) has risen 500% during its presale. The new project has set its sights on decentralising the market for rare and exclusive watches from the world’s best watchmakers. The project provides elements of decentralised finance, non-fungible tokens and an asset-backed cryptocurrency. Analysts see big things ahead for the project.
Ripple (XRP) Should Be Closer to an Important Ruling
Ripple (XRP) will be hoping for an end to the SEC lawsuit soon after both sides attend a court. The conference was open to the public to discuss the SEC’s request that documents relating to a speech in 2018 by a former director should be shielded under the attorney-client privilege. The SEC has been trying hard to block the documents from Ripple, but they could settle the case if the former director’s comments on Ethereum and Bitcoin are released. XRP investors will be waiting for the ruling but after an initial price boost on a favourable ruling, there might be limited upside for XRP. The coin’s price has tumbled from $0.90 in April to a price of $0.30 and is a long way from previous record highs.
Chronoly (CRNO) is Giving Investors What XRP Fans Crave
The Chronoly (CRNO) project has risen from a price of $0.01 to $0.05 in its presale and is already providing investors with strong gains while XRP crumbles. Even if the Ripple settlement arrives with good news, what is the potential upside for the project? Without any recent project developments, XRP could maybe return to previous highs with a 10x move, but some analysts have predicted potential of closer to 1,000x return in Chronoly’s CRNO token. The coin is currently in phase 2 of its token sale and still hasn’t listed on any exchanges so there is big upside potential once the project is listen to make significant gains.
Chronoly has created its blockchain marketplace for the luxury watch market and will allow investors the chance to take fractional investments in timepieces. That will bring new investors to a previously illiquid market and the coin’s tokens can also be staked for an annual yield, much better than one you would receive from the banks. The investment is made possible by the minting of NFTs for each watch held in the Chronoly vaults against the real life asset. Those NFT’s can be traded on the Chronoly platform or a third-party marketplace. Early investors can get other benefits, such as access to the exclusive Chronoly members club. The project also plans to take strides into the metaverse later so there are multiple growth engines available for the CRNO token. All you have to do is join the telegram group, look on twitter or read up about Chronoly where you will see how excited investors are about the future of this project. Top analyst David Colinbeck predicts by the middle of 2023 Chronoly could have overtaken Shiba Inu, having been right with his last 4 predictions we are waiting to find out if this will be 5 in a row.