Press Release
Press Release The recent cryptocurrency market crash has shaken investor confidence in several crypto projects. Investors have been urged to rethink and reevaluate the fundamental purpose of the digital currencies they have invested in. In fact, the crash is proving to be more severe for cryptocurrency enthusiasts who put their money intomeme coinslike Dogecoin (DOGE) and Shibu Inu (SHIB), which recently lost over 50% of their market capitalization.
However, it is worth noting that while investors have become skeptical of some cryptocurrencies, they are increasingly willing to invest in tokens that have proven their worth in these tough times. Investors are switching sides from meme coins to real-world utility tokens like Investors are switching sides from real-world utility tokens like Chronoly.io
Chronoly.iohas performed very well in thepresaleand is up 560%since itslaunch. On top of that, some analysts are predicting a Chronoly.io’s native token CRNO could rise another2,500%in the coming months.
So why are meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) losing ground to Chronoly.io? Why has Chronoly managed to attract a large number of investors even in these trying times?
Dogecoin and Shiba Inu have no tangible utility
Meme coins like Dogecoin and Shiba Inu are only associated with pranks and jokes and are not backed by real world assets or any legitimate digital product. Their value and stability depend on virtual conditions, especially speculation. Hence, if the hype around them subsides, their value will plummet due to the lack of real world backing. Thus, Dogecoin’s DOGE has fallen more than 80% from its all-time high (ATH) registered in May 2021, and Shibai’s SHIB has fallen less than 65% from ATH in recent months.
Due to their lack of utility, Dogecoin and Shibai Inu pose a significant financial risk. Also, because Dogecoin and Shibas have no utility, many investors will not hold their investments in these cryptos for long. This is the main reason why Dogecoin and Shiba Inu have lost their positions to crypto projects like Chronoly.io, and why their holdings are declining.
Chronoly.io operates on a process backed by trust-based utilities
Chronoly.io has emerged as a shining star in the cryptocurrency market at a time when most digital tokens are having difficulty surviving. Chronoly.io is theworld’s firstblockchain-based marketplace where users can trade fractional NFTsof luxury watches, backed by actual physical versions of watches that are stored and guaranteed in a depository vault backed by an actual physical version of the watch stored and guaranteed in a depositary vault. But the most significant feature of Chronoly.io is that it solves the trust problem that plagues most other cryptocurrencies, especially meme coins.
Unlike Dogecoin and Shiba Inu, Chronoly’s CRNO tokens have tangible utility; Chronoly.io is backed by real world physical luxury watches like Rolex and Richard Mille stored in vaults around the worldNFTs are minted. Investors can purchase a piece of a luxury watch through Chronoly.io for as little as $10. They can also purchase 100% of a watch’s NFT and exchange it for a physical watch.Chronoly.io shares all data with its users to eliminate the risk of fraud and counterfeiting. Supported by these utilities, the transparent process makes investors feel stronger.
Reasons why investors may start to switch from Dogecoin and Shiba Inu
Dogecoin and Shiba Inu work only on the premise of speculation and hype, leaving investors uncertain about their investments and returns. Chronoly.io, on the other hand, offers real-world availability in a variety of formsand gives investors peace of mindIt provides investors with a sense of security, stability, and transparency.
In the past seven days, Dogecoin and Shiba Inu are up just over 4.5%, while Chronoly.io, which launched its presale in May, is up 560%, trading at $0.066. Will we see Shibainu and Dogecoin again post double-digit daily gains as they did last year? Well, this remains to be seen.
For more on Chronoly.io’s presale
telegram. https://t.me/Chronolyio
Presale https://presale.chronoly.io/register
Twitter https://twitter.com/Chronolyio
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
Image credits: Shutterstock, Pixabay, Wiki Commons
