Moonbirds, Doodles and a new NFT token Chronoly.io – Which one is better?
In the crypto world, there is an apparent shift in investor preference towards investment opportunities backed by real assets. In this context, let’s take a look at where NFT projects like Moonbirds, Doodles stack up against Chronology.io (CRNO), an exciting new NFT-based initiative that sold out in the pre-sale stage.
What are Moonbirds?
Created by Proof Collective, Moonbirds is a collection of 10,000 owl-themed NFTs. The project was launched on April 16, 2022. The rapid rise of this project was unexpected, as shortly after its launch it managed to command a price of up to 30 ETH. However, there has been some correction in the floor price of these NFTs recently. At the time of writing, the floor price of Moonbird’s NFTs was 13.49 ETH, according to CoinMarketCap data.
Sales of Moonbirds have declined since the project was hit by an intellectual property rights controversy. The project’s founder, Kevin Rose, revoked the commercial rights of Moonbird’s buyers. Buyers have termed this move a breach of trust, as anyone can now reuse all of Moonbird’s images. In the volatile world of digital assets, Moonbirds may need to do more to restore confidence and regain the lost floor price.
What Happened to Doodles?
Doodles is another popular NFT project that operates on the law of supply and demand followed by other image-based NFT projects such as CryptoPunks and Moonbirds. There is also a collection of 10,000 NFTs with colorful characters representing humans, cats, pickles, monkeys, aliens and more.
The project initially promised to deliver a limited number of profile picture collections. However, demand for doodles has waned as many similar projects have emerged. Now there is also a report that Doodle’s Twitter account did not post a single tweet in August, causing concern among the community.
According to CoinGecko, Doodle’s current floor price is 7.98 ETH and its market cap is 79,800 ETH. The 10,000 Doodles NFTs are owned by 5,313 unique owners.
What makes Chronoly.io attractive
By buying the NFTs offered by Chronoly.io(CRNO) platform, users get to own part of one tangible asset for as little as $10. Chronoly.ioits (CRNO) special distinction compared to other popular NFT projects has received a lot of attention from investors in a very short time. CRNO, the utility symbol of Chronoly.io(CRNO) watch market, was sold out in the pre-sale stage. CRNO’s price also jumped around 690% from $0.01 to $0.079.
Which is better?
Moonbirds and Doodles have been among the few NFT collections that have caused significant ripple effects in the digital asset space this year. However, they are expected to remain volatile in terms of prices and may even fall further in the near future as users become smarter about the long-term prospects of digital assets that have no real utility or are not backed by real-world assets.
Chronoly.io(CRNO) stand apart from popular NFT projects like Moonbirds and Doodles because there is a huge market for rare and luxury watches that is expected to grow further. According to McKinsey, the luxury watch market’s share of the global watch market is expected to grow to 64% by 2025. The value of the global watch market is also expected to be worth $52-59 billion by 2025.
Chronoly.io’s(CRNO) token is expected to launch on a centralized exchange soon, which may lead to further price increase for the project.
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Advance sales: https://presale.chronoly.io/register
