Can Hedera (HBAR), Neo (NEO), and Chronoly (CRNO) Become Market Leading Coins?
Even people who know nothing about cryptocurrency have heard of Bitcoin (BTC). Bitcoin is the venerable, original cryptocurrency and by a long margin, it is the biggest kid in the playground. A few non-crypto people have maybe heard of Ethereum (LTC) too. But which is the next crypto coin to make it into the big leagues and become a market-leading coin? Here, we look at three contenders, Hedera (HBAR), Neo (NEO) and Chronoly.io which is up 400% in the last 3 weeks.
Hedera (HBAR) – a next generation coin?
Hedera (HBAR) achieves more than 100,000 transactions per second using a technology called Directed Acyclic Graph (DAG). The Hedera (HBAR) platform currently processes 6.5 million transactions each day, with a transaction speed of 5 seconds on average. So, it offers an alternative to costly mining operations.
Hedera (HBAR) is distinct from other blockchain-based platforms in that it operates without the use of a computer-intensive Proof-of-Work consensus process. Because transactions are executed in parallel rather than serially, it is faster than both Bitcoin (BTC) and Ethereum (ETH). It also has low latency, with transactions being sent out and confirmed in a matter of seconds.
Finally, Hedera (HBAR) has incredibly low fees and transactions are completed quickly. Transactions on the platform are complete in seconds, and transaction fees are less than a cent. Its native cryptocurrency, HBAR, is a top 40 crypto by market cap at the time of writing.
Neo (NEO) is a much-underrated coin
NEO is a blockchain platform that enables developers to create and manage contracts. Developers can use NEO to manage and automate assets in smart contracts. Participants can also manage decentralized applications and native oracles, as well as domain names.
It’s worth noting that NEO was one of the first crypto coins to implement dual tokens. It has a governance token and a gas fee token, both of which are called NEO.
With their coins, users can vote for NEO consensus nodes. The token is also utilized as a gas fee for the blockchain platform’s transaction processing. The NEO token has a unique attribute in that it has a one-to-one ratio and is non-divisible. Participants can earn money just by holding NEO tokens. Fees are given to participants in every transaction on the NEO blockchain. Network fees are redistributed while system fees are burned.
Chronoly (CRNO) is a new coin causing excitement
Before investment grade luxury, rare and exclusive timepieces from Rolex, Audemars Piguet, Patek Phillippe, Richard Mille, and other global brands are put into Chronoly’s vaults, Chronoly (CRNO) validates their authenticity. These watches’ NFTs are then separated into fractions, which customers may buy to get partial ownership of the underlying asset. NFT holders can profit by trading their NFTs on Chronoly’s or other marketplaces. To redeem the physical item from Chronoly’s vault, the original watch owner can also buy back all NFT fractions of their watch.
The Chronoly CRNO coin is the Chronoly platform’s native token. With a beginning price of $0.01, CRNO is presently trading at $0.05. Experts foresee a significant increase in the price of CRNO and exponential development in the platform’s overall worth due to Chronoly’s appealing ecosystem and unique use cases of its NFTs.
Because CRNO is backed by real-world, actual luxury timepieces with appreciating historical value, the token’s value will rise as the watches become more valuable. As a result, investors will continue to profit from their assets by receiving additional dividends from trading watch NFTs. Staking benefits, tier-based savings on different platform costs, and potential lottery winnings are all available to CRNO holders in Chronoly’s lending pool. Our pick of the month for the best crypto investment in June goes too Chronoly!
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