The global crypto market added about 4.4% to its market capitalization in the last few weeks, which saw the prices of Bitcoin (BTC) and other popular tokens rallying up. Cardano (ADA) and Gala (GALA) prices rallied after weeks of constant crashes. Chronoly.io equally shows signs of a stronger growth and surged 560% over the last two months. Data suggest that all three assets will continue in the present tempo if their developmental team can sustain the growth trajectory.
What did Chronoly.io (CRNO) do differently to sustain its growth despite being in presale? Can Cardano (ADA) and Gala (GALA) meet up with the pace Chronoly (CRNO) is flying? Read on, let’s find out!
Chronoly.io Seeks To Revolutionize The Luxury Watch Market
Chronoly.io is no longer a new name in the crypto and watch market and has many crypto experts predicting a I in the next two months. Since inception, the company has taken steps to revolutionize the market; hence, its unique offering to both investors and traders. At its core, Chronoly.io is an NFT project with CRNO as its native token. The project offers users real-world value for their time and investment. While Chronoly (CRNO) is still in its presale, the whitepaper suggests that the project has tremendous potential.
One of the reasons why Chronoly has been able to maintain a positive outlook despite the irregular nature of the crypto market is that it brings a unique approach to how it allows users to invest in fractional watches. Chronoly.io offers monetization options as a real-world value, which is tangible. The NFTs are backed by luxury watches that are stored in the Chronoly.io vault.
CRNO holders will enjoy a wide range of benefits, including discounts, watch lottery draws, staking, and much more. For those that love jumping into a new project with less startup capital, Chronoly.io is worth adding to your portfolio for balancing. According to the project’s roadmap, Chronoly.io is in phase three, and the activities assigned for this phase include: building strategic partnerships, expanding influencer outreach, and launching a lending protocol.
Cardano (ADA) Outpacing Crypto Majors As ADA Reigns As The Most Developed Cryptocurrency
Cardano (ADA) is another exciting project with rallied prices. Data shows that Cardano (ADA) currently occupies a top spot with a 402.05 development activity mark. Cardano’s development started way back in 2015 but was later launched by Charles Hopkinson two years later. Cardano aims to resolve the problems of interoperability and scalability, which has bedeviled the crypto space for a long time.
To achieve this, the team has continually innovated, which propelled its token, ADA, to occupy number 7 by market valuation. The high development activities you will observe on the network is due to the team’s efforts to reach its desired goal. Plans by the team to launch Cardano Vasil Hard Fork to improve its network performance have slowed down, as the initiative will be launched on a later date.
At press time, Cardano (ADA) trades at $0.532126 USD with a 24-hour trading volume of $874,690,754 USD.
What’s next for the Gala (GALA) Games crypto?
The year 2022 has not really been favorable to Gala (GALA), a token that was massively hit during the crypto market downturn. Gala’s (GALA) focus is to ensure the smooth running of the Gala Games ecosystem. In February this year, Gala (GALA) rallied to about 108% but lost some of those gains the following month. In March, GALA experienced consistent growth due to the team’s resilience to boost investors’ confidence.
Founded in 2018 by Eric Schiermeyer and other co-founders, Gala’s (GALA) one goal is to give power back to gamers. The company is currently targeting different categories of gamers, including those who desire to change the gaming community. One initiative that has helped Gala to achieve all its set milestones is the introduction of NFT into the Gala Games ecosystem. NFTs can be traded, sold or collected throughout the entirety of the Gala Games ecosystem.
According to Gala’s roadmap, the team plans to set up a blockchain network to give power back to the gamers. The network would be powered by GALA tokens. GALA tokens are transferable and have a wide variety of use cases, including for the purchase of goods and services on the Gala protocol. The roadmap also shows that, so far, Gala has released an NFT collectible series, VOX, and one playable game, Town Star.
As of press time, Gala (GALA) trades for $0.058745 USD with a 24-hour trading volume of $519,932,156 USD.
For more information about Chronoly.io Presale
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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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