Cryptocurrency may have started over 13 years ago as a Wild West dominated by mavericks, today the crypto market is a force to reckon with among financial institutions.
Big banks and other financial service providers give it serious attention despite recent market downturns and regulatory crackdowns in different parts of the world.
Despite the recent volatility, investors and traders remain on red alert for the next big buying opportunity in crypto and analysts are starting to get bullish on these three projects Binance (BNB), Cardano (ADA), and Chronoly (CRNO) which have surged 500% during its presale.
Chronoly (CRNO) clearly has a good pedigree
Crypto investors are banking on the intuition that Chronoly (CRNO) will sustain its present growth and even expand its frontiers compared to founding projects like ETH and BTC.
Chronoly (CRNO) is the first blockchain-powered marketplace where small-scale users trade shares in rare, exclusive, and luxury watches for as little as $10.
The company plans to mint NFTs, which will be backed with the physical watch from reputable and top brands like Rolex, Audemars Piguet, and Richard Mille.
Presently, Chronoly (CRNO) tokens are in presale and the price has appreciated over 500% since the presale kicked off. Investors are bullish on Chronoly (CRNO)’s unique real-world utility and NFTs. Investors predict that Chronoly (CRNO) will surpass its target price of between $0.50 and $1 before September 27th.
Chronoly is currently in phase two and after the presale is over, CRNO will initially be listed on Uniswap with high liquidity and later on PancakeSwap. The team is also working on creating a custom APP for iOS and Google Play.
Chronoly (CRNO) will also be launched on CoinGecko and CoinMarketCap. Investors believe that launching Chronoly (CRNO) on these platforms will help the brand to grow and further encourage people to adopt the token. With a cross-chain NFT platform in development, this could be the next big crypto gem.
With most crypto struggling, Binance Coin (BNB) could counter the trend
Despite the recent scrutiny by the US Securities and Exchange Commission (SEC), Binance Coin (BNB) appears to be on the radar of most investors.
Traders and investors alike are reposing confidence in the performance of the token, even though the crypto market is at one of its lowest ebbs. Binance (BNB) occupies the number five position in terms of market capitalization.
BNB is the utility token of Binance, the world’s leading crypto exchange where you can buy, sell, trade, and transfer different cryptocurrencies. The company conducts around 1.4 billion transactions per second and uses BNB to compensate users.
Binance Coin (BNB) trades for $236.68 as of the time of writing this post. As Binance Coin (BNB) becomes more popular among investors and DeFi users, its growth potential is never in doubt.
Cardano (ADA): Ledger releases a new update and broadens support for ADA
Cardano (ADA) is another token that investors have strong confidence that will continue to maintain a positive trend despite the current global downturn in the crypto market.
One reason that draws investors’ attention toward Cardano (ADA) is the recent move by Ledger to expand its support for Cardano (ADA).
With the latest app launch, Ledger has put modalities in place to improve user experience. Now, crypto traders can access the Cardano (ADA) accounts on their Android-powered mobile phones for both Ledger and Ledger live platforms.
As of the time of writing this post, work has reached an advanced stage to add iOS compatibility.
In June, users were able to send, receive, transfer, and manage their ADA token directly from the Ledger live platform.
According to the information obtained from the Cardano (ADA) community Twitter account, the project’s on-chain transactions reached 44.8 million in June, that’s a 5.44% increment over the record achieved in May.
For more information about Chronoly 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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