While cryptocurrency investors have had a rough year, things have started to pick up with the introduction of some new tokens. Among the few investments that have paid off so far, the asset-based token Chronoly (CRNO) stands out as a clear winner. Some other popular tokens include Zcash, a digital currency that offers privacy and selective transparency of transactions, and Bitcoin Cash, a transactional cryptocurrency that can be used as an alternative to traditional banking systems.
In this article, we will discuss the long-term outlook for Zcash (ZEC), Bitcoin Cash (BCH), and Chronoly (CRNO).
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Zcash (ZEC) token investors lose interest
Zcash (ZEC), which was one of the most promising altcoins on the market, has failed to live up to its potential in recent months. A key reason is a lack of development activity and community engagement from the Zcash (ZEC) Foundation, and the Zcash Company. This has led to a stagnation in the development of Zcash (ZEC), which has made it less attractive to potential investors.
Zcash (ZEC) was intended to be a privacy-focused cryptocurrency that would offer users true anonymity. However, the Zcash team has been unable to deliver on this promise and the currency has not been adopted as expected. Zcash (ZEC) reached an all-time high of $3571.53 in October 2016 but had a sharp decline by March 2020 reaching $23.91. Currently, the token is valued at $49.79 and only time will tell whether its price surges or plummets further.
Bitcoin Cash’s (BCH) future is unpredictable
Bitcoin Cash (BCH) was created as a fork of the Bitcoin blockchain. Recently, the Bitcoin Cash (BCH) token has been on a steady decline, with many predicting that it will fail in the near future. The token’s price peaked at $3,530.80 in Dec 2017 but since then, it has only seen a decline, with a current trading value of $106.91.
There are a number of factors that contribute to the future prediction of Bitcoin Cash (BCH). Firstly, the coin is not as decentralized as it claims to be. There is a clear split between the miners and developers, which could lead to further centralization. Secondly, the block size debate has not been resolved. This could lead to further splits within the community resulting in a loss of confidence in Bitcoin Cash (BCH). Thirdly, Bitcoin Cash’s difficulty adjustment algorithm is flawed, which has led to large swings in rate and network instability. Finally, Bitcoin Cash (BCH) developers have shown a lack of commitment to maintaining and improving the protocol, which suggests that they do not believe in Bitcoin Cash (BCH)’s long-term viability.
Asset-based token Chronoly (CRNO) leads the market
The Chronoly (CRNO) token was created to provide a new way to invest in real-world assets. Leveraging the protocol used in stock exchanges, users of Chronoly can buy and sell fractional non-fungible tokens backed by high-end timepieces. Chronoly’s (CRNO) token has been a huge success since its launch on October 6, leading the market in both price and volume.
Chronoly’s presale success has increased its demand multifold, with the CRNO token jumping from $0.01 to $0.079 within a few weeks. The price has surged another 42% since going public, thereby reaching $0.118. While previously, only a select few affluent investors had access to the luxury watch market, offering fractional investments for as low as $10, making the market available to everyone.
Analysts have indicated the price of the CRNO token is expected to increase to $3 in the near future, with further increases possible up to $8. Chronoly (CRNO) is also working towards integrating with Metaverse which would spark further interest among investors.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio