Filecoin (FIL) has seen a big retracement

Filecoin (FIL) is a peer-to-peer network that has built a distributed file storage system, allowing anyone to rent out their unused hard drive space. Since its peak of $239.90 in April 2021, FIL has steadily declined. It’s tumbled approximately 80% to reach a local low in June of $4.79. The bad news is that this low is much lower than the $10.07 price Filecoin (FIL) initially debuted for back in October 2021.

More recently, Filecoin (FIL) broke out of a range held from mid-June to July and rocketed over 90% in a couple of days; however, following more crypto market bearishness, it’s retraced about 45%, almost back to its origin price. Having broken out of the range and highs from May, it’s reasonable to expect further upside from Filecoin (FIL), although expect the $14.5-$16 mark to hold some heavy resistance.

Decentraland (MANA) is struggling

Unlike FIL, Decentraland (MANA) has had a pretty rough summer. The price of this popular Metaverse token rocketed to a peak of $5.90 back in November 2021 and has since fallen almost 90% to hit a low of $0.63 in May. Since then, Decentraland (MANA) has been ranging, with highs defended and little in the way of proper bullishness.

An arguable breakout has since reversed, seeing prices decline nearly 30% to $0.85 from $1.06. Although this isn’t as much as Filecoin (FIL), it’s also not seen the rise that Filecoin (FIL) has had. There’s still a chance that Decentraland (MANA) could see a big bull run (it hasn’t reached all-time lows as FIL has), but we may see a further drop to $0.65-$0.70, and further if these points don’t hold.

Chronoly.io (CRNO) is doing better than most

In contrast to Filecoin and Decentraland, Chronoly.io has been doing exceptionally well and outperforming the market, seeing an increase of 560% between May and August. Since the beginning of sales in May, priced at $0.01, prices have since soared to $0.066, where Chronoly.io (CRNO) sits today.

Chronoly.io (CRNO) is a blockchain-based marketplace that lets anyone invest in the world’s most prestigious watches from brands like Rolex, Patek Phillipe, and Audemars Piguet - all for as little as $10.

They’ve minted a collection of NFTs backed by real watches held in safety deposit boxes across the globe, and they’re expected to appreciate significantly alongside the luxury watch market. The CRNO token powers the ecosystem, offering staking and passive income in return for keeping the network active, discounted trading fees, and an opportunity to be entered into a draw to win an actual timepiece every month.

Now, you could get in on the action that could see a 10x gain before the end of September when presale ends. Experts predict that Chronoly.io (CRNO) will hit somewhere between $0.50-$0.75 in a little over a month - better gains than you could hope for from almost every other project on the market today.

For more information about Chronoly.io presale

Website: https://chronoly.io/

Socials: https://linktr.ee/chronolyio