Dogecoin (DOGE) Continues to Lose Market Cap, and Hope
Dogecoin (DOGE) has struggled over the last months with a big drop in market cap. Last year investors thought DOGE was a lock for prices of $1 but the hype has disappeared. There is another source of hope in the DOGE world with investors expecting Elon Musk to include the coin as a tipping option in Twitter but it would likely only be one of a few coins on the platform. In the short-term, Dogecoin will struggle to repair the recent damage and a sideways move usually follows big losses.
Shiba Inu (SHIB) investors have also been hurt badly in this bear market, but they only have themselves to blame. The SHIB token was a mem of a meme and investor appetite has disappeared. Professional traders and investors get into coins in times of speculation because they know how to take gains and leave HODLers with the tab. Shiba Inu has lost its way and will have to produce some real use cases to entice investors back.
Chronoly.io has created a niche for itself in the world of luxury watch investing on the blockchain by minting NFTs for rare and classic watches which can then be traded in the project’s marketplace. Chronoly (CRNO) has arrived on the NFT and luxury watch scene and investors are excited about these asset-backed NFTs. Chronoly is bringing decentralization and democratization to watch investing and investors can still get involved early despite the rise from $0.01 to $0.066 in the presale. Tokens are still available in the phase three sale and investors should move before they list on exchanges and more investors become aware of the project.
The Chronoly.io platform will bring many benefits to the old-world of luxury watch investing. Chronoly brings new liquidity to the project and those with watches in storage will find it easier to sell. In the past, sellers had to rely on third-party intermediaries and Chronoly will also change that. The real-time and historical pricing on the platform will keep investors informed while the minting of NFTs will give certification on the blockchain. Also, through fractionalizing NFTs small investors will get the chance to invest sums for as little as $10.
Early CRNO token investors can get access to the private members club and there are other benefits available such as prize draws and discounts on listing fees. One of the key benefits now is a chance to stake the CRNO coin for a passive income while investors await the real gains.
More information on the Chronoly.io presale here: