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If you’re an investor, then you’re always gazing down upon a moveable feast. Investments don’t stand still and investments like crypto are often subject to volatile swings and sudden and unexpected changes of fortune. So, savvy investors are constantly on the go and always seeking out the next best place to turn a profit. That’s why Chronoly (CRNO) is benefitting from an influx of new investors who are moving away from Polkadot (DOT) and Hedera (HBAR).
Polkadot (DOT) prices have stabilized slightly after the Terra fall and the dread that seized the market on May 12th as the token established a range around the USD 10 level. However, it was still a long way from its previous highs of USD 50. On higher time frames, the continuous decline stayed solid, and DOT prices appear to be moving lower on lower time frames as well. Polkadot (DOT) had been trading in a range between USD 10.57 and USD 9.27 during the previous ten days, but the price appears to be heading back under the USD 9.2 support region at press time.
Because the weekend trading activity is often smaller, a significant decrease cannot be ruled out. Is there a chance for Polkadot to bounce from the range lows, or is this a hint that more misery is on the way for Polkadot investors? Maybe that’s why Polkadot (DOT) users are now heading over to Chronoly.
After dropping into oversold territory in the first week of May, Hedera's native crypto, HBAR, appeared to be on the verge of a bullish recovery. This was before the market took an unexpected turn for the worst, resulting in further downside, and although it now appears to be positive again, the risk for more and
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