Crypto gamers, who aimed to make it rich quickly by playing on platforms like Axie Infinity (AXS), have faced a big reality check this year. Not only has the price of AXS token tanked, but the number of active users on the platform has declined drastically. Moreover, a recent survey by blockchain entertainment provider, Coda Labs, suggested that Web3 gaming, or crypto gaming, is still a long way from mainstream adoption. Despite a huge amount of money being poured into Web3 gaming, traditional gamers have little interest in crypto games. While full-time gamers are keeping away from Axie Infinity, investors are having doubts over the long term value of AXS, the token of this platform. Interestingly, crypto investors are finding more value in a new token, Chronoly (CRNO), which was listed on Uniswap on October 6. Growing investors’ interest and some unique features of the Chronoly.io platform have resulted in a huge price surge for CRNO tokens. In this article, we take a look at how Chronoly (CRNO) and Axie Infinity (AXS) are performing.
No gamers for Axie Infinity (AXS)
Launched in 2018, Axie Infinity experienced huge success in its initial run as a blockchain-based trading and battling game. AXS, the governance token of Axie Infinity, surged to $165.37 on November 6, 2021. This year, however, not only has AXS’s price plummeted, but the players have lost interest in the game.
The number of active users on the Axie Infinity platform was 0 in the past 24 hours while over a 7-day period, there were only 5 active users, according to DappRadar data at the time of writing. There were only 16 active users in 30 days. DappRadar defines active users as the number of unique wallet addresses interacting with the platform.
In terms of price performance, Axie Infinity has frustrated investors throughout 2022. At the start of the year, AXS token was trading around $96 but fell to $47 by the end of January. In March, AXS showed some signs of revival as it surged to $76. However, during the crypto market crash in June, Axie Infinity (AXS) fell to $13.36 and it has failed to recover since then. With fears of global recession looming and users becoming wary of speculative crypto assets, it is a tough road ahead for Axie Infinity (AXS) to attract gamers and investors.
Chronoly (CRNO) surges amid investor rush
While Axie Infinity (AXS) is struggling, crypto investors and users, including gamers, are flocking to Chronoly (CRNO), given its potential to jump 10000% during the ongoing bear market. CRNO is the utility token of Chronoly.io, a 24/7 watch investment platform, which is redefining the way people buy, sell, and invest in rare luxury watches.
As an Ethereum blockchain-based platform, Chronoly is democratizing watch investment, making it possible for anyone to invest in rare and exclusive timepieces from luxury brands like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet.
Chronoly offers fractional non-fungible tokens (NFTs) of luxury watches that can be purchased for as little as $10 while allowing buyers to trade their assets much like company shares. These features have given a lot of traction to CRNO tokens and analysts are predicting that it can surge over 10,000% to $8.
Chronoly (CRNO) price jumped 690% during the sold out presale phase. It was listed on Uniswap at a launch price of $0.079. Interestingly, while many crypto assets like AXS are hurting investors, CRNO token price has already gained nearly 42%, jumping from $0.079 to $0.1118. At the time of writing, investors could buy 8.9 CRNO tokens for 1 USDT (1 USDT = 1 USD), with each token priced at $0.1118. Moreover, CRNO holders can earn upto 18% APY by staking their tokens. They also get a chance to win a Rolex in the monthly Chronoly watch lottery.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
