Experts: "APE, Solana, and CRNO will explode soon"
The blockchain world is in shock because of the recent drop in the price of cryptocurrencies and what happened with Yuga Labs. Since the people who made Apecoin (APE) burned around $200 million worth of Ethereum (ETH) for the NFT Land Sale, we can expect big changes in the sector. If you are new to Crypto trading and investments then you must check Immediate Profit.
In the meantime, Nike has also made genesis NFT collectibles, which will likely lead to more sales and opportunities for value-based NFTs. In light of these events, researchers have chosen three cryptocurrencies for which they think the prices will rise quickly this summer:
1. Apecoin (APE) is the most promising cryptocurrency for the gaming industry
Bored Ape Yacht Club (BAYC) is the most successful NFT project so far, and Yuga Labs is the company that started it all. They started working on a networked role-playing game called Otherworld, which is part of the metaverse. It gives out lands that don't belong to a farm. These lands are also called "Otherseed." During the sale, you could buy one Otherseed for about 305 Apecoin.
Because of this, many people put their money into Apecoin (APE). The value of the currency as a whole has gone up because of this change. Everyone knows that not marketing at all is the same as not marketing well. Disputes over Ethereum have caused more changes to the way things work, like slowing down transactions, losing $180 million worth of Ethereum, and starting their own blockchain.
All of these things explain why the projects that Yuga Labs has been working on have been so successful. Apecoin (APE) could go up in price a lot because it is one of the cryptocurrencies that makes the most money from gaming. I wouldn't be surprised if it was used in some way everywhere in the infrastructure of the Metaverse that is run by Yuga Labs.
2. Chronoly (CRNO): Using the NFT market's untapped potential
Chronoly.io (CRNO), which is in the presale phase of its development and is expected to rise a lot, brings a great new idea to the cryptocurrency market. It is a cryptocurrency project that lets investors trade high-end watches the same way they trade stocks. Each NFT that can be bought from their marketplace is a piece of the real watch. This watch has been proven to be real. It is kept in a safe place, and an investor who owns all of the watch NFTs can get it back at any time.
With a presale price of $0.01, many experts think that by July 28, the price will go up to $0.50. People who like getting tokens early will love this chance.
The Chronoly marketplace is built on the Ethereum blockchain, and its whitepaper shows that the company wants to work with a number of different metaverses. Holders will be able to show off their watches in a digital way on the internet.
Also, they want to build a decentralized ledger that would let anyone look up the history of used luxury watches and see who owned them in the past.
This market hasn't been looked into too much, and Nike hasn't said much about the possibility that NFTs could be used to buy shoes in the future. Chronoly has already done something and is now enjoying the results.
Don't let the fact that it was sold on May 5, 2022, take away from the fact that it brought in a lot of money. In less than 22 minutes, more than 9.5 million Chronoly (CRNO) were bought. Since this is one of the most promising ways to use the blockchain, you should expect the price to go up.
3. Solana (SOL) is the best alternative to Ethereum and much more.
Users of the cryptocurrency Ethereum keep getting ripped off all over the world (ETH). It gets too much traffic, which could be used to the advantage of blockchains like Solana (SOL). Solana (SOL) lets people do transactions quickly and at a low cost. It is one of the cheapest and easiest blockchains to use right now.
Keep in mind that Solana (SOL) is one of the top 10 choices. Solana (SOL) has also made money, and its returns are expected to be 110 times the initial value by 2021. You could even call it "the new Ethereum" (ETH) or something bigger.
Solana (SOL) could be the best choice for people who want to build blockchain layers and infrastructure but don't want to use Ethereum (ETH). Many NFT developers are already working hard to add it to their projects.