Many investors lost their life earnings in Terra Luna but are looking for alternative projects to grow further. Our experts have picked Chainlink (LINK), VeChain (VET) and Chronoly (CRNO), as potential investments for June 2022.
Is Chainlink (LINK) a good investment?
Chainlink (LINK) is a major blockchain project that is widely utilised by most developers of decentralised finance (DeFi) and non-fungible tokens (NFT). It is a distinct platform from other blockchain networks such as Cardano and Ripple.
Chainlink (LINK) is a solid investment since it has a commanding market share in the Oracle industry. While the industry’s number of oracles is rising, Chainlink remains the most popular. Some have approved it of the most prominent DeFi players, including Aave, Uniswap, Anchor Protocol, and Curve Finance.
Chainlink is a market leader in an industry with enormous potential. The decentralised finance industry, for example, has a total value locked (TVL) of over $200 billion. This is remarkable growth given that the sector did not exist just a few years ago.
One of the important aspects of investing is always purchasing a relatively undervalued asset. Chainlink, in my opinion, is one of the world’s most undervalued cryptocurrencies, which makes it a strong buy.
Why is VeChain (VET) price so low
Here are the reasons why VeChain price is so low for now:
Investors believe that VeChain technology is superior to Cardano or Ripple. And without this vote of confidence, VeChain will be unable to continue its upward trajectory. Even though VeChain has already formed partnerships with notable brands such as Amazon WS, Walmart China, and LVMH, the uptake of its supply-chain-focused blockchain has been relatively low. Unfortunately, low adoption translates to little enthusiasm for the VeChain technology by the sector it seeks to operate, making its VET token unappealing to investors.
Most crypto experts and the larger crypto community believe that VeChain prices will rise more shortly. By buying VET at current low prices, you will be setting yourself up for massive profitability when its value shoots. Crypto experts at PrimeXBT, for example, believe that altcoin prices will continue to rise in the following years, reaching $3.12 by the end of 2025, representing a 2700% value gain.
Chronoly (CRNO) – The winner
Chronoly (CRNO) is a novel concept that has the potential to disrupt the cryptocurrency and watch markets. It is a blockchain-powered watch investment platform that allows users to trade, authenticate, and invest in rare and collectible watches like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet.
Like trading stock shares, Chronoly, the world’s first fractional watch investing platform, will enable users to exchange fractional NFTs (non-fungible tokens) for real-world watches.
Users will be able to redeem a genuine Chronoly watch from the vault. In addition, customers who have purchased 100% of the watch fractions may also burn their watch NFTs and have Chronoly deliver the watch to any of over 120 countries through a secure logistics partner.
Many industry analysts believe the price of CRNO tokens will be more than tenfold over the first few weeks of trading. This is because their platform blends web3, NFTs, and blockchain technologies into a single ecosystem, a highly intriguing concept.
If you seek to invest in a coin for June, Chronoly is the best investment. Currently, the token price stands at $0.033, which will also be increased to $1.5 within 30-days. Over 70 million tokens have already been sold.
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