The cryptocurrency market may not recover in the same way that it has previously. The market may see the best coins decouple as investors look for secure investments. The era of easy liquidity and risk investment is over as inflation surges and only projects with strong developments and use cases will lead the way. Polygon (MATIC) has been creating a strong track record of developments, Solana (SOL) can also shrug off recent problems and utilize its lighting fast blockchain.

Another interesting prospect is in the newcomer which is seeking to democratise the market for luxury watch ownership. The Chronoly ecosystem and it’s native token (CRNO) offers staking and lending alongside a trading platform for NFTs. New investors can also benefit from prize draws and member benefits, such as a 10% referral scheme.

Polygon (MATIC) Sees Partnerships with Circle, Zoop

Polygon (Matic) has seen some new developments with the founder of the OnlyFans platform releasing a celebrity trading card game that will be backed by the blockchain. Going under the name of Zoop, the platform will allow users to buy, sell, collect and trade 3D playing cards of celebrities.

Polygon was also boosted by news that Circle, which issues the USDC stablecoin, will now incorporate Polygon USDC into its payments system. That will make it easier for investors to swap fiat currencies for Polygon (MATIC) in the future.

Solana (SOL) Another Big Loser in the DeFi Rout

Solana (SOL) has dragged itself from the lows of the recent crypto bear market with a 25% rally in the price of SOL. For interested investors, that still puts the coin 80% lower than its all-time high set last year. Solana has the fastest blockchain with a speed of 2,700 transactions per second. Solana has the potential to outperform many other projects with its low fees, limited chain congestion, and fast processing speeds. The project had recently been accepted by OpenSea and other platforms for NFTs. That will see the project benefit from the next rally in NFT prices.

Chronoly (CRNO) Offers the Best of Both Worlds

Built on the Ethereum blockchain, was developed to bridge the gap between luxury watches and NFTs. With investors don’t have to worry about the high barriers to entry which comes with owning a luxury watch, insead you can simply own a fraction of the watch by purchasing it’s NFT.

Rather than being a project based on hype and the world of celebrities, the project is bringing something new to the crypto markets by providing tokens and NFTs which are linked to real-world assets.

On the marketplace users can trade NFTs that are backed by exclusive luxury watches which are held in a secure vault. Smaller parts of the NFTs can be traded just like stocks and are  backed by watches from brands such as Patek Phillippe, Rolex and Audemars Piguet. The asset-backed option will suit and help bring traditional investors into the crypto markets and users will also get access to staking and lending with the Chronoly (CRNO) token.

Solana (SOL) offers NFTs but may struggle to break the dominance of Ethereum, which has long been the market leader. If Ethereum can complete its version 2 Merge update then it will close the gap with Solana on fees, speed, and congestion. Chronoly (CRNO) has the benefit of operating on multiple blockchains and as a first mover in a niche area of the cryptocurrency world. That can see early investors benefiting hugely from a token that has already rallied 400% from $0.01 to $0.05 recently.





Get the best African tech newsletters in your inbox