Even though the cryptocurrency market hasn’t been at its best in the last few weeks, some notable projects have managed to stand out with their effective solutions and unique value propositions. Let’s explore three such projects that we think are worth adding to your watchlist: Gala (GALA), Avalanche (AVAX), and Chronoly (CRNO), which is in the first stage of its presale and was up 233% last week.
Gala Games (GALA): revolutionizing the blockchain gaming Industry
Gala Games (GALA) is a blockchain-based gaming network that puts control back in the players’ hands. The fundamental idea is that players should be able to own their gaming progress and the in-game items they earn or win, independently of the whims and fancies of the game’s developer.
Ownership of the GALA token allows players and node owners to vote on what should be funded by the decentralized ecosystem, which games should be added to the platform, and how Gala Games’ roadmap should develop.
GALA is the governance and utility token of the Gala Games ecosystem. As of 28th May 2022, the GALA price is $0.07. The token has a live market cap of approximately $572 million and ranks at #81 on CoinMarketCap.
Gala Games’ community-led ecosystem fulfills the blockchain’s core promise of empowering every individual through decentralized power distribution and asset ownership, making it a project to watch for all gamers and investors.
Avalanche (AVAX): the premiere scaling solution for Web3 dApps
Avalanche (AVAX) is known to be the fastest smart contracts platform in terms of time-to-finality. Avalanche launches Ethereum dApps that can instantly confirm and process thousands of transactions every second. Developers can build a unique virtual machine and dictate the exact conditions under which the blockchain should operate.
Avalanche’s site proposes that any smart-contract-enabled application can outperform its competition by deploying blockchains on Avalanche to fit custom needs.
AVAX is the native token of Avalanche. As of 28th May 2022, the AVAX price today is $23.55. The token has a live market cap of approximately $744 million and ranks at #14 on CoinMarketCap.
Avalanche is attracting many investors as its contributions aim to improve the efficiency of smart contracts, which form the very basis of all blockchain-based projects. The project’s offerings and vision promise to considerably change how dApps are deployed and transactions are processed in the blockchain space.
Chronoly.io: a value-based investment opportunity that offers assured Returns
Chronoly is a fractional watch investment marketplace on the blockchain that allows users to invest in collectible watches for as little as $10.
Chronoly verifies the authenticity of investment grade luxury watches from Rolex, Audemars Piguet, Patek Phillippe, Richard Mille, and other global brands before they are deposited into Chronoly’s vaults. NFTs of these watches are then divided into fractions that users can purchase to acquire partial ownership over the underlying asset. NFT holders can trade their NFTs in Chronoly’s marketplace or other marketplaces to earn profits. The original watch owner can also buy back all NFT fractions of their watch to redeem the physical asset from Chronoly’s vault.
The Chronoly CRNO token is the native token of the Chronoly platform. CRNO is currently in the first stage of its presale, with a starting price of $0.01 and is currently trading at $0.033. Chronoly’s compelling ecosystem and the unique use cases of its NFTs have led experts to predict a considerable increase in the price of CRNO and exponential growth for the platform’s overall value.
Since CRNO is backed by real-world authentic luxury watches, the token’s value will keep increasing as the watches accrue collectible value. Therefore, investors will keep earning returns on investments with additional dividends through trading watch NFTs. CRNO holders can also stake their tokens in Chronoly’s lending pool to get staking rewards, tier-based discounts on various platform fees, and potential lottery rewards.