When you consider that over 18,000 cryptocurrencies are already in circulation with more projects nearing the listing stages, it can be overwhelming to keep track of tokens, and to discover the ones that will surge for you to enjoy capital appreciation. Chronoly.io is an innovative token with the mission of overtaking Binance (BNB) and PancakeSwap (CAKE).
Ahead, you will learn how Chronoly (CRNO) prices surged by 233% in the last week and whether the duo of Binance (BNB) and PancakeSwap (CAKE) will be able to keep up with the Chronoly token growth rate.
Chronoly (CRNO) sets to disrupt the NFT scene
Chronoly (CRNO) is on a mission to disrupt how things are done in the NFT space. CRNO is an Ethereum blockchain-based fractionalized watch investing platform where NFT holders can trade small percentages of NFTs that are backed by the real version of the watch users can also redeem the physical watches from the vault. Chronoly will change the face of NFTs and offer unique solutions to allow content creators and other users to enjoy more flexibility.
While the crypto market continues to see major tokens like Binance, Dogecoin, BNB, and Ethereum nosedive, the price Chronoly (CRNO) surged by over 200%. This should encourage more investors to join the Chronoly bandwagon.
Binance (BNB) partners with a big Dubai-based agency
Binance (BNB) is no doubt the largest cryptocurrency exchange in the world. And for a good reason, it’s the most sought-after exchange by both professional and newbie investors and traders. The biggest benefit of Binance is that its native token, BNB, serves as the platform’s payment coin for transactions.
In a recent move, the team entered a new partnership with a Dubai-based agency to improve on its crypto exchange services. Traders on Binance enjoy a wide range of benefits, including low fees, fast and efficient exchange rates. Admittedly, the list of crypto assets is steadily growing, but there are only a few coins that have not been hampered by the global downward trend. The price of BNB has nosedived in recent weeks. So, the question of whether BNB will be able to keep up with $CRNO is left for analysts to answer.
PancakeSwap (CAKE) aims to reduce CAKE supply and increase farming rewards
PancakeSwap is the world’s largest decentralized application built on the Binance Smart Chain. PancakeSwap is seen by most investors as a project with exciting features and potential. To enhance the utility of its token, the team recently proposed a supply cap additional to adding new features to the ecosystem.
According to the proposal, there would be a supply cap of over 750 million CAKE tokens. The decision was approved with an overwhelming 98.8% majority across 11 million votes. The token currently boasts of a circulating supply of around 295 million tokens. The max supply should hit the crypto market within the next 3-4 years ahead.
The proposal also showcases how the team intends to add value to the CAKE token and its staking system, with iCAKE, bCAKE, and vCAKE being launched to boost initial farm offering benefits, increase farming rewards, and scale up governance voting capabilities. The essence of this new feature is to allow users or token holders to stake more CAKE to reduce the token circulating system.
The presale for Chronoly (CRNO) is live.
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