Crypto is only expected to grow in the coming years, and there seems to be little standing in its way. Selecting the best coins to put on your watchlist can be tricky, given the nearly 13,000 tokens on the market. That’s why picking projects with sound fundamentals is key to long-term success and profitability in crypto investing.
There are two projects that crypto analysts have been watching for a while now. They are Solana (SOL) and Chronoly.io (CRNO). In this article, we’ll take a look at precisely what both tokens have going for them.
Solana (SOL) outperforms Visa
Solana (SOL) is one of the premier projects on the market today. Like Ethereum, Solana supports smart contracts which enable developers to build decentralized apps (dApps), DeFi, and NFT projects on its blockchain. Unlike Ethereum, however, Solana can process approximately 65,000 transactions per second; Ethereum manages around 15 per second.
The Solana network does this by using an innovative hybrid system of proof-of-stake and proof-of-history. Proof-of-history essentially synchronizes every transaction with a centralized clock, allowing many more transactions to be validated at once compared to other projects.
These transactions are also much cheaper than Ethereum, costing fractions of a dollar to send SOL. Ethereum transactions cost just shy of a dollar, although they have been as high as $25 during busy periods.
Already, Solana is rivaling huge payment processors like Visa and Mastercard in terms of transaction speeds and fees. Visa can handle 65,000 transactions per second and charges anywhere from 1.15% to 2.4% per transaction. Solana’s theoretical maximum on a standard gigabit network is 710,000 TPS; on a 40-gigabit network, this soars to 28.4m TPS.
In rivaling both Ethereum and traditional finance, Solana would make an excellent addition to your crypto portfolio.
Chronoly.io (CRNO) is unlike nothing you’ve ever seen before
Chronoly.io (CRNO) is one of the best real-world utility projects to hit the crypto universe in recent years. Previously, luxury watch investing has been a tool of the rich and powerful to protect their wealth against bear markets, inflation, and rising interest rates. Chronoly.io (CRNO) is changing this immeasurably.
The team behind Chronoly.io (CRNO) has created a proprietary marketplace for trading shares of luxury watches from brands like Rolex, Audemars Piguet, and Patek Phillipe – and only $10 is needed to get started. They hold these watches in bank vaults across the globe and have minted corresponding NFTs that can be broken down into fractions and traded.
The limited supply and growing demand for luxury timepieces mean they make an excellent alternative to traditional investing without exposing yourself to the risk of crypto rug-pulls and pump-and-dumps. This disruptive innovation will lead Chronoly.io (CRNO) to rocket in the coming years as users flock to the platform.
The Chronoly.io (CRNO) token powers the marketplace and is used for discounted trading fees and passive income from staking. It’s in presale phase three right now and sells for $0.079 in mid-September. Already, it’s up 690% from its launch in May, and further upside is forecasted.
Crypto experts are calling Chronoly.io (CRNO) one to watch over the next month, as presale finishes at the end of September.