So, with major crypto investors onboard and a number of celebrity influencers on books we look at how both these projects stack up in a head-to-head and which is the better investment, Shiba Inu (SHIB) or Chronoly (CRNO)?
Shiba Inu (SHIB) looks orphaned and all alone
The originator of this meme coin vanished at the beginning of June, and SHIB surged by 17% in the same time frame, thanks to the bullishness of the broader market. However, in the last 24 hours, SHIB holders have reverted to their natural state of worry at the first sign of insecurity, resulting in significant selling by Shiba Inu fans. Long-term investors shifted their shares for the first time in nearly a year, according to on-chain statistics. The outcome was a usage of 2,223 trillion days, which, while large, is nevertheless quite small since Shiba Inu's supply is measured in the trillions.
However, one striking finding was that these LTHs were only panicked when the founder’s departure was announced. Despite the fact that SHIB has been decreasing since October and has yet to make a significant rebound, these investors have remained unmoved by the price movement.
This demonstrates that some Shiba Inu (SHIB) owners aren't in it for the money, but rather because they feel the idea will succeed in the future and are HODLing until that time comes, which is a far greater joke than the Shiba Inu (SHIB) itself. This, however, leads to the following key observation: Shiba Inu is actually on the path of going down rather than up. Despite the fact that several altcoins in the crypto field have failed to reach new highs or recover significantly since May 2021, SHIB sticks out because, unlike the others, it is widely used and has high volatility.
Furthermore, despite its metaverse's statements, the coin's active downturn did not change to an uptrend. As a result, SHIB is now trading at 87.12 percent of its ATH, and the losses are increasing day by day.
Chronoly (CRNO) is a very different story
Investors in cryptocurrencies are rapidly shifting their focus to digital coins with real-world applications. One of these currencies is Chronoly (CRNO). Chronoly is a brand-new token built on the Ethereum blockchain. It provides utility and innovation, which are two of the main reasons for its recent 660% rise in value. It also runs the world's first blockchain-based fractional watch investment platform. This is in addition to its groundbreaking features and prospective token price, which contribute to its appeal and worth.
Chronoly (CRNO) will pioneer a new NFT frenzy by supporting NFTs with real-world assets, and they've chosen to focus on one of the world's most successful asset classes: luxury watches. Investment-grade timepieces have outperformed real estate, the S&P500, and a variety of alternative investments, which most retail investors are unaware of.
Chronoly NFTs are backed by physical watches that are stored and insured in a vault. With the use of blockchain technology, it is possible to trace ownership and prove authenticity. Chronoly is also planning to make its debut in the metaverse rather sooner than later. This would make it possible for digital characters to display their digital watch in the metaverse.
Its native token (CRNO) is now valued at $0.066, with the price expected to rise by another 2,500 % during the presale period. As a result, early adopters of Chronoly (CRNO) will have a fantastic opportunity to grow their digital assets in July and beyond. The demand is increasing from day to day, so make sure not to be late for the party!
Find out more about the Chronoly presale here: