The recent crypto market crash and the recent incident with Yuga Labs has left the blockchain world startled. With almost $200 million worth of Ethereum (ETH) burned for the NFT Land Sale by the creators of Apecoin (APE), we can expect the industry to change. Meanwhile, Nike has also launched genesis NFT collectibles, enhancing the value-based NFT sales and prospects. In the light of these events, analysts predict three cryptocurrencies that are likely to explode this summer:
- Apecoin (APE)
- Chronoly (CRNO)
- Solana (SOL)
Let’s find out why:
1. Apecoin (APE) – The Most Promising Gaming Cryptocurrency
Yuga Labs is the founder of the Bored Ape Yacht Club (BAYC), the most successful NFT project to date. They launched an NFT Game or Metaverse project known as Otherworld. It offers NFT lands known as Otherseed. During the sale, it cost around 305 Apecoin per Otherseed.
As a result, countless people invested in Apecoin (APE). This has boosted the overall value of the coin, as well. As we all know, no marketing is bad marketing. The controversies like slowed down Ethereum transactions, $180 million Ethereum loss and the launch of their unique blockchain have stirred up more trends.
All these factors point toward the unprecedented success of projects from Yuga Labs. Hence, Apecoin (APE) has the potential to grow significantly as one of the most lucrative gaming cryptocurrencies. It wouldn’t be a surprise to see it being used in the Yuga Labs’ entire Metaverse infrastructure.
2. Chronoly (CRNO) – Entering The Untapped NFT Market
Chronoly.io (CRNO) which is currently in its presale phase and is tipped to rise significantly, is bringing a fantastic new concept to the market. It is a crypto project that enables investors to trade luxury watches just like stocks. Each NFT on their marketplace is fragment and connected to the physical watch. This watch is authenticated, vaulted and can be redeemed at any time if an investor holds 100% of the watch NFTs.
With a presale starting price of $0.01 many industry experts are forecasting the price to rise to $0.50 before July 28th presenting a good opportunity for those who like to purchase tokens early.
The Chronoly marketplace is built on the Ethereum blockchain and according to their whitepaper the team plan to partner with various metaverses, which will enable holders to digital display their watch collection online. They also plan to launch a decentralised ledger that’s allows anyone to authenticate pre-owned luxury watches and track its ownership history.
This is a reasonably untapped sector, and Nike has only hinted at the possibility that their NFTs could be exchanged for sneakers in the future. Chronoly (CRNO) has already acted and reaped the benefits. Let’s not forget that its sale on 5th May 2022 led to remarkable numbers. Over 9.5 million Chronoly (CRNO) was sold in under 22 minutes. Thus, you can expect the value to grow as it is one of the most promising blockchain prospects.
3. Solana (SOL) – The Best Ethereum Alternative And More
Ethereum (ETH) is continually disappointing people worldwide. It has unmanageable traffic, and blockchains like Solana (SOL) stand to benefit from it. Solana (SOL) offers fast transaction rates with minimum fees. It is one of the cheapest and most affordable blockchains available.
Let’s not forget that Solana (SOL) ranks in the top 10 choices. Furthermore, Solana (SOL) has provided lucrative returns of up to 110 times the original value by 2021. You could even call it the next Ethereum (ETH) or something even more prominent.
As people are eyeing alternatives to Ethereum (ETH) for sustainable blockchain layers and infrastructure, Solana (SOL) might reign supreme. Many NFT developers are already working on incorporating it into their projects.
Find out more about the Chronoly.io presale below: