Is Dogecoin (DOGE) Dead? Chronoly (CRNO) Tokens Surge 300% In Less Than A Month
Dogecoin (DOGE) was created by two software developers, Billy Marcus and Jackson Palmer at the end of 2013. This logo was made by Palmer by mistyping the word “doge” to represent a Shiba Inu dog, a popular meme at the time of its creation.
Doge began to make jokes about Bitcoin,” Pat White of Bitwave said. Dozens of Dogecoin (DOGE) enthusiasts conducted marketing stunts in the early days of the cryptocurrency, such as gathering funds to send the Jamaican Bobsleigh team to the 2014 Winter Olympics or sponsoring a NASCAR driver. Supporters of Dogecoin promised to drive its value “to the moon” on Reddit forum board Wall StreetBets (the key spark for the GameStop incident in January) early in 2021. (that was before all discussion of crypto was banned on the subreddit).
Dogecoin reached a high of $0.73 in May 2021, up from a value of little under one penny at the start of the year. Elon Musk, the CEO of Tesla, was at least largely responsible for the meteoric rise after declaring Dogecoin (DOGE) to be his favorite cryptocurrency. By the middle of 2021, Dogecoin was consistently ranked among the top five cryptos in terms of total market capitalization. Dogecoin’s value has plummeted since then, bottoming out around $0.11 in March 2022, although remaining in the top 20 cryptocurrencies by market cap. In what ways does it shape up compared to Chronoly (CRNO)?
Dogecoin (DOGE) still dodging a recovery
The rapid surge in demand for DOGE on January 21 created a slew of crypto millionaires as the overall crypto market emerged after a long winter, not to mention supportive tweets from Elon Musk that corresponded to price patterns on the DOGE/USDT monthly price chart. A double bullish inside-bar candlestick pattern formed on March 21st, confirming an increase in bullish interest in Dogecoin around the midpoint of its rise, which was followed by a 1,250% price increase.
Since the all-time high of $0.737 on May 1, 2021, the value of DOGE has fallen by 70%.
DOGE holders have suffered a 70% drop in value since the all-time high of $0.737 on May 1, 21. However, we anticipate the DOGECOIN price will find support between $0.078 and $0.143, resulting in a maximum price of $0.22 in 2022. Experts anticipate that DOGE will surge for a second impulse wave to the $0.35 price range in 2023.
Chronoly (CRNO) surging onwards and upwards
Each Chronoly (CRNO) NFT is backed by a physical investment in a rare and exclusive watch. The global watch market is worth about 64 billion dollars, and the secondary watch market is worth almost 20 billion dollars.
Owning the NFT allows everyone in the world to safeguard their cash digitally and anonymously, from insuring against inflation to hedging risks in a bear market. Finally, Chronoly (CRNO) enables cryptocurrency investors to invest in off-chain collectible items while staying “on chain.” Most stable coins are not backed by any asset. Chronoly have picked a real world, historically ever appreciating asset.
Many crypto traders are positive about the project’s unique usage of real-world assets and NFTs, and the Chronoly (CRNO) tokens are presently in presale and selling at $0.04, up 300 percent from last week’s price of $0.01. Could the CRNO coins be priced at $0.50 before July 27th? We will have to wait and see but all the signs are lighting up to this being a very likely cash. That is still over a 1,000% gain from now until the end of July. It goes without saying that based on the research our team has conducted and the expert analysts’ predictions on Chronoly, our pick of the week for best investment is Chronoly.