Token Spikes 560% In Bear Market, Can PancakeSwap (CAKE) And Binance (BNB) Catch Up?

The crypto frenzy usually prompts most beginners towards investing in Bitcoin, the world’s oldest and most popular digital asset. Aside from Bitcoin, there’s a wide range of altcoins out there, with the potential to outperform the rest of the crypto markets. These coins include, PancakeSwap (CAKE) and Binance Coin (BNB).

Despite the crypto bear market that plummeted the yearly gains recorded by most major crypto tokens, Chronoly was still able to rally 560% over this period. Will Chronoly be able to maintain this uptrend? What are experts saying regarding the future of Chronoly? Will PancakeSwap (CAKE) and Binance Coin (BNB) catch up with the pace set by CRNO? Let’s find out!

Chronoly (CRNO) Wins Investors’ Faith Easily provides a decentralized multi-chain NFT marketplace for buying, selling and investing in rare and exclusive watches from top watchmakers like Rolex and Audemar Piguet. The project has been fully audited and has many industry analyst excited about the potential scalability of the Chronoly ecosystem.

On the marketplace, users can trade fractions of NFTs that are directly backed by the real version of the watch which is stored in a vault. This innovative application of blockchain technology, NFTs and tangible assets enables watch collectors and investors to authenticate pre-owned luxury watches as well as trade small fractions of watches, just like trading a stock.

Aside from the crypto industry, the luxury watch market is another sector that has performed strongly over the last 10 years even outperforming real estate and the Dow Jones. merges these two industries into one robust product that lowers the financial barrier of participating in the luxury watch market. Additionally, Chronoly will partner with other metaverse protocols and games allowing users’ avatars to wear and display watches owned by the user in the real-world. Chronoly is more likely to dominate this space if the developmental team can successfully enter this NFT category as pioneers.

CRNO, the platform’s native token, is built on the Ethereum blockchain and comes with a range of real-world use-cases. Experts have high hopes on CRNO tokens and believe that the token will appreciate in the coming weeks due to its unique real-world use-cases and market sentiment. Investors who are looking for a high growth token to include in their portfolios will reap the benefit of purchasing CRNO at the current presale price of $0.066 up 560% from May’s starting price of $0.01. According to the team, Chronoly (CRNO) will be listed on Uniswap and later on PancakeSwap at the end of the current presale.

Will PancakeSwap (CAKE) Price Hit $5 Soon?

As appetizing as the name sounds, CAKE or PancakeSwap has nothing to do with food. It’s a decentralized finance (DeFi) application or an automated market maker where crypto users swap different cryptocurrencies. Launched by anonymous devs, PancakeSwap is similar to Ethereum’s SushiSwap and UniSwap in many fronts, but comes with a wide range of features that allow users to earn exciting rewards while on the network.

In the last few days, the performance of PancakeSwap (CAKE) has been amazing, showing a bullish trend. Experts believe that if the bullish trend continues in the coming weeks, PancakeSwap (CAKE) is likely going to overtake the bulls to hit the $5 target. Conversely, if investors and CAKE proponents turn against the asset, the gains recorded by the token will be overtaken by the bears and the coin will fall from its uptrend position. With partnerships and upcoming developments lined up by the developmental team, PancakeSwap’s potential to reach $5 is quite feasible in the near future.

Binance (BNB): Will the $200 level break down?

Binance Coin (BNB) attempted a recovery in the middle of June 2022 after the company announced the resumption of BTC withdrawal. Aside from the negative sentiment that has greeted the global crypto market, Binance has been in the news for possible scrutiny by the US Securities and Exchange Commission (SEC) for allegedly violating securities regulations.  Changpeng Zhao, Binance’s CEO, confirmed that the financial watchdog has been in touch with the exchange but has not been subpoenaed.

With the announcement by BNB Chain, the entity formed by the amalgamation of Binance Smart Chain and Binance Chain, experts believe that Binance Coin (BNB) is likely to sustain the $200 level even in the coming weeks. The merger between Binance Smart Chain and Binance Chain is expected to make the Binance network more decentralized and faster for transactions.

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