The Non-Fungible Token (NFT) space is moving very fast. Hundreds of projects are being developed on a daily basis, with some of them enjoying early success due to their uniqueness, quality, originality, vision, art, and communities, while others quickly flop.
Talking about early success, projects like Chronoly.io (CRNO), Cryptopunks (UPUNK) and Azuki (AZUKI) have quickly transformed into the next NFT project to include in your investment portfolio. Ahead, we have examined why Chronoly.io (CRNO) jumped above 560% in a bearish market. We have also highlighted the possibility of both Cryptopunks (UPUNK) and Azuki (AZUKI) to measure up to Chronoly’s trajectory.
So, read on to find out how these projects measure up on the NFT marketplace.
Chronoly.io continues to attract investors’ confidence
Despite the prolonged bearish market, Chronoly.io has continued to sustain its growth potential, with over 560% gains in the last two months. Investors are bullish on Chronoly.io since the project offers real-world value. Chronoly.io (CRNO) is the world’s leading decentralized watch NFT marketplace built on top of the Ethereum blockchain. At its core, Chronoly.io allows for watch authentication and watch co-ownership. It also lets users trade, authenticates and invest in watch NFTs which are backed by a physical version of the watch held in a vault. Its revolutionary features and price potential has made Chronoly.io earn a soft spot in most investors’ minds.
CRNO, the project’s native token, comes with a wide range of real-world use-cases, including special access to exclusive NFT drops, live and virtual watch networking events in the metaverse and a multitude of other benefits through their exclusive members-only club. CRNO is still in presale and currently trades at $0.066.
According to Chronoly’s roadmap, the team plans to build strategic partnerships, expand influencer outreach, and launch a lending protocol. All these activities are geared to expand Chronoly’s ecosystem.
Tiffany & Co Announces NFT Cryptopunks (UPUNK) Pendants
CryptoPunks is a fast-rising NFT project with a collection that’s built on top of the Ethereum blockchain. Launched in June 2017 by Larva Labs studio, CryptoPunks has since earned investors’ interest and attention. With the current performance and trajectory, CryptoPunks can measure up with other popular NFT projects in the coming weeks. The developmental team recently announced that from August 5 CryptoPunks owners will have the opportunity to purchase “NFTiff,” an NFT initiative from Tiffany & Co.
NFTiff is an NFT collection with up to 250 digital assets. The collection will grant access to a bespoke pendant, which will be priced at 30 Ethereum or $51,000 USD. The initiative is championed by Tiffany’s executive vice president, Alexandre Arnault. One year after his appointment, Alexandre brought together partnerships like Beyoncé, Jay-Z, Hailey Bieber, and Supreme to the company.
Experts believe that Cryptopunks team’s efforts to rebuild the company’s brand image will pay off in the long run. They also project that with the current efforts put in place by the team, the price of CryptoPunks may surge to $1 in the coming weeks. According to CoinMarketCap, Cryptopunks (UPUNK) trades for US$0.02842, with a 24-hour trading volume of $44,705.
Azuki (AZUKI) Coming to Prominence
Azuki is an NFT project that so many people resonate with – from regular folks to avid NFT collectors. Whether you are an investor or trader, you need to include Azuki in your crypto holdings to help stabilize your portfolio. Azuki is mostly associated with its over 10,000 avatars collections. These avatars possess unique traits based on anime-themed drawing, a feature that makes Azuki outstanding among its competitors.
Experts believe that Azuki will be able to measure up with other crypto projects, including Chronoly and CryptoPunks, that’s if the team continues to innovate. In the last 72 hours, AZUKI gained 6.3%. AZUKI, the project’s native token, has a number of unique use-cases. Token holders have access to live events, streetwear collabs, and exclusive NFT drops.
Azuki is fast becoming a blue chip company in the crypto space. For one, people view the project as an art; plus, it occupies an important niche market in the NFT space: anime. Secondly, Azuki sets standards for other NFT projects. As of press time, AZUKI trades for USD $0.01224 with a 24-hour trading volume of $119.83.
The post Chronoly.io (CRNO) Token Jumps Above 560% in Bearish Market, Can Cryptopunks and Azuki Measure Up? appeared first on .