Polkadot (DOT), Cronos (CRO) and Chronoly (CRNO): Price Analysis & Prediction For June 2022
While “price analysis” sounds so academic, technical, and dry, “price prediction” sounds exciting, challenging and fun. There’s an element of truth to both these opinions because “analysis” involves studying the past and present while “predicting” means the future and that’s where we can let ourselves go a little. But only a little. Our predictions need to be rooted in some sort of reality and that’s why analysis and prediction always go hand-in-hand.
In this post, we’re going to analyze and make predictions about three coins, namely Polkadot (DOT), Cronos (CRO) and Chronoly (CRNO)
Polkadot (DOT) is worth keeping an eye on
Polkadot (DOT) has been in the doldrums this year, there’s no hiding that. In the last month alone, its market capitalization has fallen by a painful 42.7%. If we take our starting point as January, then the market cap has fallen a whopping 64.3%. Ouch! But there are some faint, guttering signs that Polkadot’s fortunes might, just might, be looking up at last. Over the past 24 hours, the interest level on Google Trends for Polkadot (DOT) has been ticking ever-so-slightly upwards.
Could this reflect some growing investor interest from buyers looking to take advantage of the low price and profit on an upswing? Maybe, just maybe. Much will depend on whether the whales are just looking for a fast buy-sell profit or whether they see better long-term investment prospects. Either way, it’s worth keeping an eye on this coin as we barrel forth into June.
Cronos (CRO): An exciting June awaits
Cronos (CRO) is the 18th biggest cryptocurrency in terms of market cap. In mid-May, it rose by 4.43% and then fell by 14.81% in the space of just 24 hours. Overall though, the velocity of the coin has been increasing; a possible sign that investors are feeling fairly bullish about the coin and simply buying the dip rather than exiting to take their profits.
There is further evidence of this in the number of active CRO addresses which have been on the rise since around the beginning of May. As the price rallied again towards the end of May, active addresses rose yet again and quite sharply.
All this suggests that Cronos (CRO) adoption is on the upswing and that could spell an exciting June for this coin. Again, keep watching the ticker for Cronos next month. Things could get interesting.
Chronoly (CRNO) is a safe investment
Standing proud and unbloodied amidst the recent carnage in the cryptocurrency markets, Chronoly (CRNO) The Chronoly (CRNO) tokens are still in the presale stage, having opened at $0.01 at the start of May, and are now trading at $0.04. Clearly some good signs here and a reflection of the fact that crypto traders and investors are pretty bullish about this unique, asset-backed coin.
The creators of Chronoly (CRNO) have set a price target of $0.50- $1.00 by mid-July. Given the levels of interest and recent growth rate, we can likely expect consistent and eye-opening increases in the value of the coin in June and beyond. The second phase of the presale of Chronoly (CRNO) has just begun and the price of the token is expected to keep rising on a weekly or even daily basis. This obviously depends on the community and new investors coming in.
So, there we have it. Three coins to watch out for in June. Though it must be said, the recent performance of Chronoly (CRNO) augers best for investors.
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio