Crypto summer might not be going as many investors desire, with the strong bear trends raging through the space in the past several months. Despite the overall negative sentiment, some tokens like Maker (MKR), Quant (QNT), and Chronoly.io’s (CRNO) have managed to do well.
Outperforming a struggling market is no small feat, so read on to find out more about these projects and what they bring to the table.
Maker (MKR) follows a steady positive trend
The Maker (MKR) token created by MakerDAO primarily supports the DAO’s stablecoin, DAI. The MKR token helps stabilize DAI and serves as collateral. Therefore if the price of Ethereum falls drastically, MakerDAO can rely on the Maker token to keep DAI stable. The price of Maker (MKR) rose over 14% in the last month despite the somewhat bearish market trends.
Maker (MKR) coins serve as governance tokens; subsequently, their owners are given the right to vote on important decisions related to the platform. MRK is also used as a utility token; on the one hand, it allows you to pay fees attributed to the collateralized debt position (CDB) related to the purchase of DAI. It also ensures that the platform works properly.
Quant (QNT) gains more than 90% this summer
Quant (QNT) provides its owners with digital access to the Quant Network; this includes the Quant Overledger Network, Quant’s dapps, and the Overledger DLT Gateway. Quant (QNT) is an Ethereum ERC-20 token that is blockchain-agnostic and easily swappable to other networks. There is a fixed supply of 14.6 million tokens; currently, around 12 million are in circulation. For the past month, the price of Quant has also been rising against the backdrop of rather negative performance for many tokens. QNT gained over 90% in valuation in the past thirty days.
Quant is also a founding member of the International Association for Trusted Blockchain Application (INATBA). This project is formed by global enterprises pursuing blockchain adaptation worldwide.
Chronoly.io (CRNO) is currently in its second presale phase, allowing you to invest in rare and exclusive watches from world-renowned brands. The Chronoly.io (CRNO) vault mints NFTs backed by physical watches. Those NFTs are then broken down into fractions. Users who acquire 100% of a watch’s NFTs fractions can burn the NFT and receive the physical watch.
Chronoly.io (CRNO) allows its users to trade, borrow and redeem the watch NFTs and verify the authenticity of the physical watches through a decentralized ledger on the Ethereum blockchain. The NFT collection will be limited to 7,777 collectibles. Chronoly.io NTF holders will also be able to showcase their watch collections in the metaverse.
Moreover, Chronoly.io (CRNO) token holders can generate passive income by staking their tokens in the Chronoly.io staking pool. The longer you stake your Chronoly.io (CRNO) holdings, the higher the yield percentage you’ll get.
Are you ready to outperform the market with Chronoly.io and CRNO? Moving into the steps of big names like Maker (MKR) and Quant (QNT), you can reverse the bear market with the innovative proposition Chronoly.io brings to the table.
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