Why Real-World Utility Tokens Are Taking Meme Coin Community According to Chronoly – Press Release Bitcoin News

press release

PRESS RELEASE. The recent crash in the cryptocurrency market has shaken the confidence of investors in several crypto projects. Investors are being asked to rethink and rethink the fundamental objective of digital currencies they have invested in. The crash has actually proved to be more severe for cryptocurrency enthusiasts who deposit their money meme coins such as Dogecoin (DOGE) and Shibu Inu (SHIB), which have lost over 50% of their market value recently.

However, it is noteworthy that while investors have become skeptical of some cryptocurrencies, they are now more than willing to invest in tokens that have proven themselves worthy in these challenging times. Investors have switched sides from the meme coins to real utility tokens like Chronoly.iowhich has not only remained firm, but also grown at a rapid pace.

Chronoly.io has performed exceptionally well during his advance sale and are up by 560% since launch. Moreover, several analysts have predicted that Chronoly.io native token CRNO could rise with another 2500% in the coming months.

So why are meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) losing ground to Chronoly.io? Why has Chronoly succeeded in getting a huge number of investors even in these difficult times?

Dogecoin and Shiba Inu have no tangible utility

Meme coins like Dogecoin and Shiba Inu are associated with mere jokes and jokes and are not backed by real values ​​or any legitimate digital products. Their value and stability depend on virtual conditions, especially speculation. Therefore, if the hype around them subsides, their value is bound to plummet in the absence of any real support. Thus, Dogecoin’s DOGE has fallen over 80% from its all-time high (ATH) value recorded in May 2021, while Shiba Inu’s SHIB is below 65% from its ATH in recent months.

Since they have no practical utility, Dogecoin and Shiba Inu involve significant financial risk. Also, many investors do not hold their investments in these cryptos for long because Dogecoin and Shiba Inu have no practical use. This is the main reason why Dogecoin and Shiba Inu have lost ground and holders to crypto projects like Chronoly.io.

Chronoly.io works on trust-based tool-backed process

Chronoly.io has emerged as a shining star in the cryptocurrency market at a time when most digital tokens are finding it difficult to survive. Chronoly.io is it the world’s first blockchain-based marketplace where users can trading in NFTs in luxury watches, which is backed by the real physical version of the watch stored and insured in a vault. However, the most important feature of Chronoly.io is that it addresses the trust problem that most other cryptocurrencies, especially the meme coins, are plagued with.

Unlike Dogecoin and Shiba Inu, Chronoly’s CRNO token has tangible utility. Chronoly.io creates NFTs that are backed by real physical luxury watches, such as Rolex and Richard Mille, which are stored in vaults around the globe. Investors, through Chronoly.io, can buy a fraction of a luxury watch for as little as $10. They can also buy 100% of the watch’s NFTs and redeem them to acquire the physical part. Chronoly.io also shares all the data with users to eliminate the risk of fraud and forgery. This type tool supported transparent process strengthens investors’ feelings.

Why investors can start trading from Dogecoin and Shiba Inu

Since Dogecoin and Shiba Inu only work on the basis of speculation and hype, investors remain in a state of uncertainty for their investment and returns. On the other hand, Chronoly.io offers various forms of use in the real worldwhich gives investors a sense of security, stability and transparency.

With Chronoly.io, investors feel confident that the value of their digital asset can only increase or decrease in line with the value of the real time clock. Therefore, investors abandon meme coin projects such as Dogecoin and Shiba Inu, and invest money in a more stable, convincing and transparent project.

In the last 7 days, Dogecoin and Shiba Inu are up just over 4.5%, Chronoly.io which started its presale in May is up 560% and is trading at $0.066. Will we see Shiba Inu and Dogecoin making double digit daily gains like last year again? Well, this remains to be seen.

For more information on the Chronoly.io presale

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