PancakeSwap (CAKE), Synthetix (SNX) Prices Appreciate As Chronoly (CRNO) Surges Further
The ever-evolving and high liquidity crypto market is home to a wide range of competent and promising projects. Three of such projects like PancakeSwap (CAKE), Synthetix (SNX), and Chronoly.io (CRNO) will change the narrative in any investor’s portfolio.
PancakeSwap, with native token CAKE, is making waves in DeFi and incentivizing users with massive rewards. Synthetix (SNX), a popular layer-2 scaling solution, is collaborating with bigwigs in the industry to allow crypto users to easily convert synths such as sETH to Ether (ETH). Chronoly (CRNO), on the other hand, is driving massive change in the way and manner people invest in NFTs of rare luxury watches.
As these three tokens experience price appreciation, experts believe that if the projects sustain the tempo, their prices are likely to surge further.
Chronoly (CRNO) Speeds Up Its Bullish Run
These are exciting times for Chronoly.io investors, as the project speeds up its bullish run. At a time when the global crypto market is experiencing massive shake offs, Chronoly (CRNO) has shown potential to continue to grow. With the CRNO token rallying over 600% during its current pre-sale, experts classified it as a serious challenger to projects like Bitcoin and Ethereum.
Chronoly.io is the world’s first fractional watch investment marketplace. Its revolutionary features and price potential make Chronoly an excellent addition to any crypto holding. Chronoly’s focus is to bridge the gap between the real world and the virtual world of NFTs by tokenizing physical luxury watches, which are authenticated and co-owned on the blockchain. Each NFT Chronoly mint is backed by a physical version of the watch which is stored in their vault.
Chronoly (CRNO) allows users to trade small fractions of watches, borrow against their NFTs, and stake their CRNO tokens to earn passive income. As the project expands, the team plans to partner with various video games and metaverses to enable users to showcase their watch collection in the marketplace.
PancakeSwap (CAKE) Aims to Reduce CAKE Supply and Increase Farming Rewards
The team at PancakeSwap (CAKE) is proposing a supply cap that will enhance its token utility alongside new features. The proposal, which received overwhelming votes from stakeholders and other users across the network, suggests that a total supply of 750 million CAKE tokens will further stabilize the token and encourage more investors to jump on the bandwagon.
The current circulating supply of the CAKE token stands at around 295 million. Within the next three to four years, the proposed cap is expected to increase this figure.
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