In early 2021, Dogecoin (DOGE) made the headlines after an explosive run-up that saw many investors get rich in a couple of months. The world’s most popular meme token has spawned hundreds of copycats (or copydogs) that investors have piled into in hopes of getting rich quick.
In sharp contrast, Chronoly.io (CRNO) is anything but a meme token, promising fantastic real-world utility that the crypto world has been lacking in 2022. In this article, we’ll discuss which token will be the best buy for the future bull market.
Dogecoin (DOGE) isn’t one for the long term
Dogecoin (DOGE) was initially developed as a joke token in 2013. Named after the now-infamous Doge meme, its developers quickly went to work on creating a viable blockchain. They succeeded in making the DOGE blockchain a better transaction medium than Bitcoin, with faster transaction speeds and reduced fees.
However, DOGE was thrust into the spotlight following tweets from Dogecoin-bull and world’s richest man, Elon Musk. This led to a dramatic run from $0.051 in April 2021 to $0.74 in May 2021 – a 1300%~ rise in just over a month. Despite Dogecoin’s popularity, it offers little in the way of real utility.
Unlike other tokens in the top 10 (DOGE recently fell to #11 after Polkadot took its place at #10), DOGE is just a transaction medium favored by influencers. It has recently announced Dogechain, which promises to bring staking, dApps, and DeFi to the Dogecoin network. But given the success and popularity of other, serious tokens that do just that already, it’s unlikely DOGE will be able to stand out.
DOGE might make a good short-term, speculative play, but its hype-driven nature always leads to massive fluctuations and, ultimately, disappointment for those HODLing for the long term.
Chronoly.io (CRNO) outshines meme tokens
When it comes to the latest and greatest in real-world utility, Chronoly.io (CRNO) has caused a stir amongst crypto whales. Unlike DOGE, CRNO has excellent fundamentals that will likely make it a much better long-term investment with more profit potential.
The luxury watch market is set to grow by billions by 2025, yet it has seen almost no real disruption over the past few decades. Chronoly.io (CRNO) is changing that. Chronoly.io (CRNO) is an Ethereum-based marketplace that lets anyone trade in shares of luxury watches for as little as $10.
They hold watches from brands like Rolex, Patek Phillipe, and Richard Mille in safety deposit boxes across the globe and have minted fractional NFTs tied to these timepieces, opening up luxury watch investment to the masses.
While emotional investors hope to get rich quick with meme tokens, savvy whales have been buying up Chronoly.io (CRNO) – in fact, over 200 million tokens have been sold already. The Chronoly.io (CRNO) token offers heavy discounts on trading fees, passive income from staking, and entry into a prize draw to win a real luxury watch every month!
Chronoly.io (CRNO) is currently in presale phase 3 and has already provided investors with 690% returns after its acceleration from $0.01 to $0.079. After presale finishes at the end of September, many analysts are forecasting CRNO will be worth $0.50 to $1.00. An increase of this magnitude could offer the same gains many made with DOGE back in 2021 – but with much better future prospects.
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
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