3 Crypto Gems To 10x Your Portfolio Chronoly (CRNO), Cardano (ADA), Polkadot (DOT)
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Many currencies have dropped to new all-time lows following an extreme crypto market sell-off. Is now the best time to go bottom fishing? Many tokens evaluated last week followed the predicted route and fell to new lows. However, this might be an opportunity to establish the next support zones from which a reversal could occur in the following weeks. Cardano (ADA) and Polkadot (DOT) look to have found support and now could start trading upwards. Chronoly.io has bucked the trend so far this month and is up 233% and is one of those new presale tokens that look really promising due to its unique features and utility.
Cardano is one of the largest blockchains implementing a proof-of-stake consensus process, using less energy than Bitcoin's proof-of-work method. On the other hand, Ethereum will be switching to PoS, which will be slow. Cardano released a promising update ahead of the planned testnet, which will start in June 2022. The network claimed a solid base, with numerous initiatives scheduled for launch with Fund9.
Cardano (ADA) just published its Weekly Development Report to keep users up to date on the latest developments. The study provides timely insight on current network activity, with the Vasil hard fork stated to start next month. Currently Cardano (ADA) is trading at USD 0.47 and has retraced significantly during the first half of 2022 however the crypto community remain bullish on Carano and see a bounce back to USD 1.24 on the cards over the short term.
Polkadot (DOT) has managed to stay in the top 20 cryptocurrencies by market cap thus far. However, recent market developments have compelled investors to
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