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The cryptocurrency market has been in a bearish downtrend since November 2021. Investors have been hoping for a price bottom to revive their portfolios, but not all projects will return to their previous highs when the markets recover. Certain decentralized finance projects (DeFi) are such examples because investors were hurt by the fallout from the likes of Terra and its LUNA coin. With confidence in the safety of their funds tarnished, investors will be slow to come back.
Two projects that can reward investors this year are Chronoly (CRNO) and Ripple (XRP). These two projects have the potential for strong upside from current prices. Bitcoin and others should benefit from a bullish market but the recovery may be slow and investors should also look for returns in these two coins. Chronoly is a newly-launched platform offering fractional investing in luxury watches.
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