2022 Bear Market Negatively Impacts PancakeSwap (CAKE) and Synthetix (SNX), Chronoly.io (CRNO) Increases 690% in Value
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
2022 has been the year where popular cryptocurrencies witnessed a downfall due to the uproar caused by the bear market. Top names in the crypto space like PancakeSwap (CAKE) and Synthetix (SNX) have failed to stabilize in value. However, some newer crypto projects have managed to ride the bear market tide with ease. Chronoly.io (CRNO), a NFT project launched in May 2022, has nearly sold out during the presale stage and kindled investor attention, as a potentially good long term investment.
>>Buy Chronoly Tokens<<
PancakeSwap (CAKE) is a decentralized finance (DeFi) blockchain application that operates on the Binance Smart Chain. PancakeSwap (CAKE) let’s traders swap tokens, invest in liquidity pools, and trade collectibles without the interference of intermediaries. PancakeSwap (CAKE) was launched in 2020 by an anonymous group of developers. PancakeSwap (CAKE) follows an automated market maker protocol where traders swap token pairings dispensed by liquidity providers, instead of trading against other users.
The ongoing bear market has not been easy on PancakeSwap (CAKE). The current price of PancakeSwap (CAKE) is $4.82, and is 90.20% below its all time high of $44.18.
The Synthetix (SNX) decentralized trading ecosystem is built on the Ethereum network and enables traders to issue. Synthetix (SNX) is an open source protocol that enables users to trade on-chain synthetic assets in the form of ERC-20 smart contracts. Known as “Synths,” these assets are “synthetic” versions of financial assets like cryptocurrencies, indexes, gold, inverses, and others. The Synthetix Network Token (SNX) is Synthetix’s native token that
Read more on cryptonews.com
