Shiba Inu (SHIB) and Ethereum Classic (ETC) Are Falling as Chronoly Gets Off to a Perfect Start

May 19th, 2022 at 4:19 pm UTC · 3 min read

Shiba Inu (SHIB) and Ethereum Classic (ETC) Are Falling as Chronoly Gets Off to a Perfect Start
Photo: Chronoly

With the invention of thousands of cryptocurrencies, it has been challenging for investors to make the right long-term investing decisions. At the beginning of 2021, many coins launched and gained hype, but within a few weeks, they fell back and there is hardly any coin that retouched its peak again. Shiba Inu and Ethereum Classic are a couple of coins that are fine examples of this scenario. So, what could be the right choice for investors at the current time. We found Chronoly to be the right investment after seeing its presale get off to a flying start.

Shiba Inu (SHIB)

SHIB is an experiment in decentralized, organic, and spontaneous community formation developed inside the Shiba Inu ecosystem. SHIB, on the other hand, has a total supply of one quadrillion, which is far more than that of Bitcoin. Intended to be abundant to get. Users can store billions or perhaps trillions of them in their wallets. SHIB is an alternative cryptocurrency to Dogecoin (DOGE), the popular and first canine-themed meme coin. DOGE is based on Ethereum. As a result, it is compatible with the extensive Ethereum ecosystem, which includes Ethereum wallets. It is offered on decentralized exchanges, also known as DEXs; and it may be incorporated into ETH-based distributed finance applications, such as lending and savings products and NFT marketplaces.

Despite the big call to projects, Shiba Inu is being sold off by whales that had accumulated a large amount for a loss. The token touched its peak on 27-10-2021 while the price was $0.00008 and till now, it has not touched it again, proves not to be a good investment anymore. As of today (May 19, 2022), its price is $0.00001138. Which is over an 80% loss if you invested at the end of October 2021.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is a decentralized platform that runs applications or smart contracts that aim to run precisely as they were programmed without worrying about interference from third parties, downtime, censorship, or fraud.

ETC gets its peak on May 7, 2021, while the price stood at $132.71; which has not touched its peak again. Moreover, the price disparity is very high if you see the graph. As of May 19th, the price stands at $19.88, far lower than its peak price, again almost an 80% loss if you were to of purchased at the all-time high.

Chronoly Gets Off to a Perfect Start

Chronoly is a platform that lets you buy, sell, and invest in rare and special timepieces. The fractionalization of their asset-backed NFTs accomplishes this. Chronoly has been gaining the attention of investors worldwide as it achieved the perfect start. On May 5, 2022, the first sale led to a sale of 9.5 million Chronoly (CRNO) in the first 22 minutes of release. Analysts worldwide are providing statistics that predict the price of Chronoly tokens will grow over 500% alone during the pre-sale and have the potential to be the next 10,000% return on investment in the crypto space. Pre-sale started on the 4th of May and the project has so far had major success having AMA’s in some of the most well-known groups around in crypto. You can get your tokens at the presale link below. Chronoly have passed their audit with flying colours which was performed by SolidProof.

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