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Chrono.tech price prediction: What is Chrono.tech (TIME)?

By Capital.com Research Team

13:04, 27 July 2022

Chrono.tech logo
Can Chrono.tech return to previous highs? - Credit: Chrono.tech

Can anyone explain the nature of time? No, but we can give you an explanation of TIME, the cryptocurrency associated with Chrono.tech, and also take a look at Chrono.tech price predictions. 

Chrono.tech explained

In the world of cryptocurrency, one of the most vital components is the crypto exchange. The marketplace sets the price of a crypto, and exchanges provide that marketplace, where people can buy, sell, or trade their coins and tokens at the rate the market sets. 

There are two types of exchange, each with their own strengths and weaknesses. A centralised exchange (CEX) is easy to understand and navigate, but customers are limited to trading what the exchange lists. On the other hand, a decentralised exchange (DEX) allows people to trade whatever they want and can find a buyer or seller for, but can be difficult to get to grips with and, potentially, face liquidity problems. 

Depending on how you look at things, too, the matter of Know Your Customer checks, which are de rigueur for centralised exchanges but largely left to fall by the wayside when it comes to DEXes, can also be an issue.

There is a possible middle ground: an exchange that allows for the peer-to-peer crypto trading element of a decentralised exchange, but maintains the centralised settlements of a CEX. One exchange that operates on the hybrid model is TimeX, which is run by Chrono.tech.

Chrono.tech is an Australian-based crypto firm. It does not just operate in the world of exchanges. The organisation, which was founded in 2016 by Sergei Sergienko, Andrey Petrushko and Saypulla Sheykhanov, also offers customers a way for organisations and freelancers to connect via its LaborX service, while payments can be made in cryptocurrencies using the PaymentX process.

Every blockchain-based network needs to have its own native token, and Chrono.tech has the Chrono.tech cryptocurrency, also known by its ticker handle of TIME. This is based on the Ethereum blockchain, which means that it is a token, rather than a coin. You may see references to such things as a TIME coin price prediction, but these are wrong. 

TIME is used to pay for the services that Chrono.tech provides. It can also be staked, meaning that people who lock their funds away in a special wallet can get rewards (in simple terms, a form of interest) for doing so. As the system’s whitepaper says: “Time Token will allow the users to unlock the system's unique functionality by means of deposits in Time Tokens to TimeHolder contract. 

The purpose of the TimeHolder contract is to keep track of user Time Tokens which are allocated by the user for operations within the system. In most cases Time Token is used as fuel to perform required system functionality. This means that for the use of the functionality users will be charged a fee. Charging will be taken by ChronoBack in Time Tokens that the user previously deposited to the TimeHolder contract. Fee value is defined by system administrators that are permitted to manage it.”

Chrono.tech price history

It is now time to look at TIME’s price history. While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can give us some much-needed context when it comes to either interpreting a Chrono.tech price prediction or making one of our own. 

When TIME first came onto the open market in early 2017, it was worth around $6. The token then climbed sharply, and spent much of the year hovering around the $20 mark. Towards the end of the year, the crypto market entered a bubble and, in early 2018, TIME briefly traded at above $50, before the bubble burst later in the year, causing the so-called crypto winter, a period of time when prices slowed and stagnated. On 13 March 2020, as the world was shaken by the Covid-19 pandemic,TIME fell to its all-time low, $0.3777. 

There was some recovery over the rest of 2020, but in early 2021 the market entered a boom, with American Covid-19 stimulus cheques, in many cases, finding their way into the cryptoverse. The token broke through the $10 barrier in March, and while many cryptocurrencies were badly hit by the Great Crypto Day Crash of 19 May 2021, TIME was able to weather the storms, climbing above $30 in June. 

BTC/USD

63,844.85 Price
-1.130% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.12 Price
-3.190% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

XRP/USD

0.57 Price
-9.370% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BCH/USD

378.10 Price
+0.040% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

The market’s reboot in August, as a growing interest in non-fungible tokens (NFTs) got people back into crypto, largely passed TIME by, with the token spending most of the month below $20. There was a bull run towards the end of the month, though, which culminated in a foray above $50 in early September. The next big moment for TIME came in December, with the news that it would be available on the KuCoin exchange seeing the token close the year at $177.44.

At the start, 2022 looked like it was going to be quite the year for TIME, with the news that Chrono.tech was taking part in a $30m funding round led by the Australian asset manager Mark Carnegie helping it reach an all-time high of $550.73 on 11 January. After that, though, it gradually slid down until, with the cryptocurrency sector shaken by, first, the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency, and then the cancellation of withdrawals on the Celsius crypto lending platform confirming a bear market, so that TIME’s price reached a nadir of $16.65 on 18 June. There was some sharp recovery, however, with the price going past $100 for the first time since March on 17 July, before it ended up trading at around $75.65 on 27 July. 

At that time of writing, there were 710,112 TIME in circulation, representing the total supply. This gave the token a market capitalisation of around $53.7m, making it the 358th-largest crypto by that metric. 

Chrono.tech price predictions

Let’s take a look at Chrono.tech price predictions as they stood on 27 July 2022. It is important to remember at this point that price forecasts, especially for something as potentially volatile as cryptocurrency, are very often wrong. In addition, long-term crypto price predictions are often made using an algorithm, which can change at a moment’s notice.

Gov.capital made a TIME price prediction which said that the token could close 2022 at $184.42, before it might potentially reach somewhere between $236.89 and $236.90 on 27 July 2023. A year from then, the site said Chrono.tech could trade at a little under $474.63. The site had a Chrono.tech price prediction for 2025 which saw the crypto possibly opening the year at $681.72, before suggesting it could reach a little under $779.31 on 27 July that year, with the token potentially closing the year at $1,113.63. On 27 July 2026, Chrono.tech could reach $1,154.44, the site said, suggesting that 12 months after that it could be worth a fraction of a cent under $1,542.55.

PricePrediction.net made a Chrono.tech crypto price prediction which suggested that the token could be worth $43.32 this year, $63.35 next year and $95.99 the year after that. In 2025, the site said, TIME could break through the $100 barrier to stand at $134.16, before it might reach $200.67 the following year and $288.77 in 2028, with the token potentially closing the decade at $419.59. The site made a Chrono.tech price prediction for 2030 which argued that it could potentially trade at $894.50, with the token then possibly going up to reach $1,312.35 in 2031.

CoinsKid had a Chrono.tech price prediction for 2022 which said that the token could close the year at $98.10, before potentially reaching $116.66 in July 2023. A year from then, the suggestion was that TIME could drop back down to trade at around $92.56 before possibly rising to b$149.62 12 months on from then. In July 2026, the site said, the token could potentially be worth $187.14 before possibly reaching $200.52 in October that year.

Finally, WalletInvestor was pretty upbeat in its TIME price forecast, arguing that the toten could possibly hit $129.61 in July 2023 and a little under £383.04 in five year’s time. 

Final thoughts

When considering a TIME token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.

FAQs

How many Chrono.tech are there?

On 27 July 2022, there were 710,112 TIME in circulation, representing the cryptocurrency’s total supply.

Is Chrono.tech a good investment?

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the TIME token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Will Chrono.tech go up?

Cryptocurrencies can be highly volatile and prices can go down just as easily as they can go up. Analysts and algorithm-based forecasters can and do get their predictions wrong. Keep in mind that past performance is no guarantee of future returns. Always do your own research. And never invest what you cannot afford to lose.

Should I invest in Chrono.tech?

This is something that you will have to decide for yourself. Before you do so, you will need to do your own research. Remember prices can go down as well as up. Keep in mind that past performance is no guarantee of future returns. And never invest what you cannot afford to lose.

 

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