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Buy Chronocatz NFTs for the Next Bull Market

 2 years ago
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Buy Chronocatz NFTs for the Next Bull Market

October 13, 2022
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Market data for non-fungible tokens (NFTs) has shown a slump in sales in the third quarter based on the previous year. The downtrend in NFTs has been caused by the decline in Bitcoin and other assets which have slumped since November. Despite this, there is still an appetite for the blue-chip collections with the likes of CryptoPunks and Bored Ape Yacht Club still selling for millions.

There are also some new collections getting strong attention and investors should take a look at Chronocatz. This is a new collection from Chronoly, which is a marketplace for luxury watch NFTs. Holders of the Chronocatz NFTs will get access to a private members club and receive additional perks and rewards.

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NFT Market Slumps but Still Shows Promise

Many non-fungible tokens have lost more than 70% on their floor prices. This has happened due to a collapse in confidence in the cryptocurrency market with Bitcoin dropping by a similar percentage. According to DappRadar, the third quarter of 2022 marked $3.4 billion in NFT sales, down from $8.4 billion the previous quarter and $12 billion at the market peak in Q4 of that year. These figures represent a 60% decline in Q3, 2022.

Despite the gloom, there are still strong sales for the key collections such as Bored Apes and CryptoPunks. These are changing hands for millions and large investors have been funding the studios that designed them. Devin Finzer of the OpenSea exchange said: “I think what’s unique about this environment is it’s intersection of both the macro-economic downturn and the crypto winter”. He then went on to say “the previous crypto winters were a little more isolated to just crypto prices”. His belief is that the market will come back to life.

Chronocatz NFTs Can Reward Early Investors

New collections are still doing well with Critters Cult taking over $3 million in its first month. Investors looking for something new should consider Chronocatz. This is a collection of 7,777 unique cats with different clothes, fur, and accessories. The key accessory is the watch the cat is wearing, which is a rare luxury timepiece from the real world. Rarity of the NFT is determined by the watch with a tiered system in place for members’ rewards and access to the Chrono Wealth Club (CWC). Once members are part of the club, they get access to higher staking yields, exclusive NFT drops, and auctions. There will be a community in the real world with parties and events.

Chronocatz NFTs were released by the Chronoly marketplace which is a decentralized marketplace for luxury watch trading. The platform attracts investors from the traditional watch investment market and brings them into the digital world. In addition to the member benefits that come as part of owning a Chronocatz NFT, the floor price of the NFTs will also be protected as they are linked to real-world assets.

For more information about Chronocatz.io

Website: https://chronocatz.io/

Telegram: https://linktr.ee/chronolyio

Twitter: https://twitter.com/Chronolyio

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