It was in jest that Dogecoin (DOGE) was created, and that’s where the word “moon” originated from. Now that dogecoin has made it to the moon, several people declare they will no longer accept dogecoin as payment. Last year, it climbed all the way to third on the list of most valuable cryptocurrencies. Everybody expected the $1 price to be reached as soon as Elon Musk announced that Tesla would soon accept dogecoin as a payment mechanism. Because dogecoin has no meaningful use case, it didn’t happen either. It was created as a parody of the cryptocurrency Bitcoin (BTC). It would be unfair to compare it to a utility token like Chronoly (CRNO). For this new initiative called Chronoly (CRNO), analysts have witnessed dogecoin investors sell up their holdings.
The Dogecoin cryptocurrency (DOGE)
Dogecoin (DOGE) is only one of the various cryptocurrencies that exist in the world. Because Dogecoin was established to ridicule Bitcoin and the ridiculousness of a digital asset that was not backed by any asset or cash flow, it stands out from other digital currencies. Until recently, Dogecoin (DOGE) was a joke currency, but that has changed.
Dogecoin (DOGE) is a cryptocurrency with no assets or cash flow to back it up. A product’s pricing is totally determined by the market. In contrast, long-term price appreciation in a stock is driven by the performance of the underlying firm. As a result, Dogecoin’s appreciation depends on speculators being even more optimistic, or what is known as the “greater fool theory of investing.”
Warren Buffett and Charlie Munger of Berkshire Hathaway, two of the world’s most famous investors, both steer cryptocurrency and urge investors to do so.
A utility-based enterprise, Chronoly (CRNO) is backed by real-world assets, such as rare and unique luxury timepieces, which have exhibited a significant price gain over time. We witnessed the demise of the UST, which was not genuinely a’stablecoin’ and was not backed by any kind of currency. Investors wishing to safeguard their crypto-cash in projects with actual assets tied to prices have never had a better opportunity than with Chronoly (CRNO). Dogecoin, on the other hand, we feel is a poor investment choice (DOGE).
Let’s take a look at the project as a whole:
Analysts expect Chronoly.io (CRNO), now in its presale phase, will grow another 25x during the presale period with a creative new idea. Investors may now trade expensive timepieces for cryptocurrencies, similar to stocks. Their marketplace offers NFTs that are each attached to a real watch through a fragment. As long as an investor owns a 100% stake in watch NFTs, this watch will be authenticated, vaulted, and shipped to one of more than 120 locations globally.
Chronoly (CRNO), which had a presale price of $0.01 and has already sold out, is currently on sale for $0.02. By July 28, many experts believe that the price will jump to $0.50, making it a good time to acquire tokens early. As stated in its whitepaper, the Chronoly (CRNO) marketplace is built on the Ethereum blockchain and intends to connect with other metaverses to allow holders to digitally exhibit their watch collection online. A decentralized ledger is also in the works that will allow anybody to authenticate secondhand luxury timepieces and monitor their ownership history.
These NFTs may one day be traded for actual sneakers, although Nike has merely hinted at this possibility. Let’s not forget that on May 5, 2022, it sold a record number of units. A total of about 9.5 million Chronoly (CRNO) tokens were traded in a span of fewer than 22 minutes. Consequently, the price is projected to rise, as it is a bright blockchain future. Chronoly is this week’s best app. Pre-order your tokens from the link below now that it’s Time 2 Earn (T2E).