Popular meme tokens Dogecoin and Shiba Inu have seen substantial volatility in the past. As recently as August, both cryptocurrencies saw 30-40% increases as crypto fever took hold. But following August's decline, there's been little to be excited about with either token as they stay buoyed down by a lack of interest.
Meanwhile, Chronoly.io (CRNO) has outperformed both tokens while offering real-world value: a win-win in our book. Today, we'll look at exactly how all three have performed over the past few months.
Dogecoin (DOGE) was the most talked about cryptocurrency in 2021. It saw a loyal fanbase of crypto influencers and speculators buy up tokens and push the name Dogecoin into the mainstream. Not long after, the world's richest man, Elon Musk, began shilling the token on Twitter.
This led to a dramatic runup of almost 1700% from February to May 2021, peaking at $0.74. However, the frenzy died down, and DOGE bled out to a low of $0.049 in June 2022. Joining the rest of the crypto market, DOGE climbed 37% to reach $0.09 before sliding 36% to $0.057 in early September.
Despite a recent recovery in crypto prices, DOGE has seen little upward momentum. Is it time for serious tokens to take center stage?
One of the many copycats that spawned after DOGE's popularity was Shiba Inu (SHIB), and it's definitely been the most successful. Like DOGE, SHIB rose 1200% during the meme token fever of 2021 before steadily declining to a low in June.
After climbing to $0.000018 on the 14th of August, SHIB quickly reversed the rally five days later, and prices have declined further since. Although SHIB's price action has been slightly more bullish than DOGE, it's still seen almost no real bullishness following the August sell-off, with the recent uptrend on the lower timeframes looking like a retracement before lower prices than anything else.
Chronoly.io (CRNO) has outperformed DOGE, SHIB, and the rest of the crypto market over the past three months. Since May, Chronoly.io (CRNO) has risen 690% from $0.01 to $0.079 as investors have flooded into the token after examining the Chronoly.io (CRNO) project's fundamentals.
Chronoly.io (CRNO) is transforming the luxury watch landscape on an unprecedented scale. They've created a blockchain-based marketplace that lets anyone trade in shares of luxury watches for just $10. Chronoly.io (CRNO) has minted several fractionalized NFTs backed by physical timepieces held in Chronoly.io's secure vaults worldwide, with prestigious brands like Rolex, Cartier, Audemars Piguet, and more on the roster.
The CRNO token is the fuel to Chronoly.io's (CRNO) engine, offering passive income in return for staking your tokens and discounted trading fees when using Chronoly.io (CRNO). They're also your entry into an exclusive prize draw with a chance to win an actual luxury watch every month!
While meme tokens stay suppressed with almost no real-world utility, CRNO is expected to grow massively over the coming months. With presale finishing at the end of September, analysts have predicted that Chronoly.io (CRNO) will enter centralized exchanges at $1 to $2 in just a few months. That could lead to a 1200-2400%+ return on your investment before the end of the year!
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.