Place/Date: - September 4th, 2022 at 10:41 am UTC · 3 min read
One of the reasons why traditional investors are still somewhat wary of cryptocurrency is the presence of so-called “meme coins”. These are cryptocurrency tokens that have been created, initially, as a joke. Dogecoin is one such “meme coin” and it is possible that it may have remained just a joke had it not attracted the public support of the world’s wealthiest man, Elon Musk. Mr. Musk is so tightly associated with Dogecoin now that the price can rise and fall based on just one tweet from Mr. Musk. But does Dogecoin have anything else to offer or is it all just hype? Will Chronoly.io (CRNO) overtake it?
Dogecoin is the primo “meme” cryptocurrency in terms of market value and it is going to undergo a major structural overhaul, which might push its price as high as one dollar.
According to industry watchers and bloggers, Dogecoin’s first bridge to Ethereum, known as “wDoge bridge”, is in the late stages of development and is tipped to roll out by the end of 2022. The bridge will allow users to transfer DOGE back and forth between the Dogecoin blockchain and the Ethereum blockchain.
Due to Dogecoin’s limitations in its scripting language, users are presently unable to execute smart contracts or create decentralised protocols on top of it. Engineers have struggled with Dogecoin’s coding since its inception in 2017, modifying its transactional compatibility with Ethereum and assessing the project’s overall cost together with opportunity cost.
Dogecoin has experienced an unnerving fall after reaching its zenith in May of last year, losing around 90% of its value to trade at around the $0.07 mark as at the time of writing. However, the cryptocurrency has managed to maintain its 10th place in terms of market value, indicating how much faith investors have in this “meme coin”. It’s a funny old crypto-world!
While many crypto ventures are battling to survive, Chronoly.io (CRNO) has successfully maintained its growth. Because of its unique business plan and real-world applicability, investors are showing their appreciation accordingly. Chronoly.io (CRNO) is a luxury watch NFT digital marketplace that allows users to invest in fractional shares of luxury watches from brands such as Rolex, Patek Philippe, Richard Mille, and others.
Chronoly.io (CRNO) creates these NFTs of high-end, investment-grade timepieces after acquiring the physical timepiece. According to Chronoly.io’s whitepaper, CRNO token holders will receive discounts on trade on the marketplace as well as entry into a free monthly lottery where users can win a free luxury watch like a Rolex.
Chronoly.io (CRNO) offers something which is currently unmatched: a crypto token that is actually backed by the hard value of a real asset. The team behind Chronoly.io (CRNO) were not content to rely on jokes, gimmicks, sentiment or billionaire patronage and came up with a properly thought-out and sustainable business model that is clearly exciting the market. Since May 2022, the value of Chronoly.io’s CRNO has increased by more than 560%. Its price has also risen to $0.066, up from $0.01 at the time of its debut. Furthermore, experienced analysts think that CRNO can increase by 2,500-5,000% by the time the pre-sale stage ends in September.
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