Chronoly.io Surges 400%, Could Cardano (ADA) And Chiliz (CHZ) Price Move Higher In June?
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As the cryptocurrency market stages a price bottom after the recent bear market, three coins are setting up for a potential rally this June. Chronoly.io, Cardano (ADA), and Chiliz (CHZ) are seeing interest from investors and could substantially outpace other projects. Cardano is seeing interest in its DeFi offerings, Chiliz operates a platform for soccer fan tokens and Chronoly.io provides a marketplace for NFTs that are asset-backed by luxury investment grade watches like Rolex and Patek Philippe.
Cardano has rallied for two weeks after investors react to the arrival of multiple decentralized exchanges on the network. Cardano (ADA) implemented a hard fork in August 2021, which opened the door for smart contracts. Almost 100 decentralized applications have now been built on the Cardano (ADA) platform and these apps are registering heightened activity. Other developments have seen the release of a stablecoin and other improvements to the network. Those improvements have sought to make the blockchain faster and cheaper to use. Struggles with coins such as LUNA and Ethereum investors switch their asset allocations and ADA could benefit further from the trend.
Chiliz (CHZ) was boosted by the announcement of a listing on the Bitpanda exchange. Chlliz confirmed the Bitpanda listings of some of its soccer fan tokens via Twitter. Some of the listed fan tokens include CITY, BAR, ATM, PSG, and JUV. These tokens were all minted on the Chiliz network and are the official fan tokens of the likes of Barcelona and Juventus. Chlliz has since expanded from soccer teams to include entertainment names such as UFC. The tokens can be used
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