Investing strategies can differ from one investor to the next. Time, on the other hand, is a significant consideration in their selection.
Short-term, speculative investing is popular among some traders. To put it another way, they want to get out quickly and for the most money possible.
However, it’s not uncommon for people to embrace a more long-term “wait and see” attitude. Instead of investing for a few weeks or months, they want to hold on to their money for several years. In this article, we look at the three cryptocurrencies to see how they stack up against each other. Ripple (XRP), Avalanche (AVAX), and Chronoly.io (CRNO) which is currently in presale spiked up 560% even in the bear market.
The Fast-Expanding Avalanche (AVAX)
Avalanche’s architecture and expanding ecosystem make it a viable long-term investment.
For instance, Valkyrie Investments, a leading global investment firm, recently launched a fund that’s only dedicated to assets in the Avalanche platform. However, Avalanche (AVAX) faces stiff competition and has significant price swings, much like other cryptocurrencies.
In the network’s case, the Avalanche consensus technique and the several blockchains have performed brilliantly. Unlike other blockchains such as Ethereum, Avalanche’s transaction costs are low, and the company claims that its transaction time-to-finality is faster.
Right now, Avalanche (AVAX) is doing well, but it’s difficult to predict which blockchains will be most effective for smart contracts.
Remember that the price of Avalanche (AVAX) is very volatile, so be prepared if you do decide to buy it. Because of the current state of crypto, it’s advisable not to put all of your eggs in the Avalanche basket.
Ripple (XRP) Effect
Ripple is another well-known digital currency (XRP). Using this business-oriented Cryptocurrency, money can be sent across borders without the need for a mediator, and tokens may be traded without the requirement for a third party.
Since its inception in 2012, analysts forecast its price to rise to between $4 and $6 by the year 2025, demonstrating a huge growth potential.
To further encourage developers and innovators to create solutions that use Ripple’s (XRP) payment model, Ripple (XRP) recently announced a 1 billion XRP grant for distributed ledger developers.
Chronoly (CRNO) Unstoppable Rise
Last but not least is Chronoly.io. It’s the world’s first blockchain-based marketplace that allows investors to buy and sell luxury timepieces like Richard Mille, Audemars Piguet, and Rolex using NFTs.
Both Ripple (XRP) and Avalanche (AVAX) have been losing investors to Chronoly.io because of the project’s huge growth potential and smart use of NFTs and blockchain technology. The Chronoly project has many industry experts forecasting it’s native token (CRNO) to rise 2,500% before the presale closes in the next 14 days and the price has already jumped 66% since Monday.
On their platform users can trade NFTs that are directly linked to the original version of the watch and these NFTs are then fractionalized making it easier for smaller investors to own part of a luxury watch from as little as $10.
Despite being in a bear market, the price of Chronoly.io pre-sale tokens has risen over 560% since May, which has surprised the crypto industry. The reason for its recent success is because of its unique combination of real-world assets and NFTs that has attracted a large number of crypto investors to the platform.
More information on the Chronoly.io presale here:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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