There’s no denying that Filecoin (FIL) and Dogecoin (DOGE) have made waves in the crypto space over the past year or so. But, if you bought into the hype of either token back in 2021, you’d be sitting on significant losses now. While some investors are HODLing for the long-term, many have become jaded with the lack of real bullishness in both FIL and DOGE.
Now, many savvy investors have reduced their FIL and DOGE holdings or cut their losses altogether and are instead looking at Chronoly.io (CRNO) as a better investment.
Filecoin (FIL) has underdelivered
Filecoin’s (FIL) mission is an excellent idea in theory: to build a decentralized data storage platform that allows users to rent out their free disk space. Everyone wins, right? Well, not if you bought Filecoin (FIL) in 2021, hoping it would soar to new heights.
Since its $238 peak in April 2021, Filecoin (FIL) has declined almost 98% to be worth $5.40. For context, if you had invested $1000 at the peak, your investment would now be worth around $20. After a heavy downtrend, Filecoin (FIL) is ranging right now, but apart from a sudden run-up in late July, there’s been minimal bullish action in Filecoin (FIL).
While it could be the calm before the storm, some investors have pulled their cash out and started to look elsewhere for projects with more profit potential, like Chronoly.io (CRNO).
Dogecoin (DOGE) is fueled by speculation
The tale of Dogecoin (DOGE) is one at least a little more glamorous than FIL – FIL doesn’t have the world’s richest man pumping its token, for example. Still, with a looming recession and soaring interest rates, meme token mania is over.
From its $0.74 peak in May 2021, DOGE has declined 92% to $0.056 today. It has seen slightly more bullish price action than Filecoin, yet following the mid-August decline across equities and the crypto market, DOGE has remained subdued.
As DOGE investors mature and take a more objective look at the market, it’s no wonder that plenty have dumped their tokens in favor of Chronoly.io (CRNO).
Chronoly.io (CRNO) has better fundamentals than FIL and DOGE
There are two big reasons investors are buying into Chronoly.io (CRNO): fundamentals and profit potential. In short, Chronoly.io (CRNO) is a blockchain-based marketplace for trading shares of luxury watches. They’ve created several fractional NFTs tied to the physical watches they hold in safety deposit boxes across the globe. Effectively, they’re opening up the world of investing in prestigious brands like Rolex and Richard Mille for as little as $10.
This massive disruption to a traditional market is the first reason why many investors are interested in Chronoly.io (CRNO). The second is the profits already banked by early investors and the predictions analysts make for the future price of CRNO, Chronoly.io’s (CRNO) native token.
CRNO is used on the Chronoly.io (CRNO) platform for discounted trading fees, passive income of 10%+ through staking, and are your entries into a prize draw to win a luxury watch every month! And already, CRNO is up 690% from May’s price of $0.01, currently trading for $0.079.
Now, with presale finishing at the end of September, this could be your chance to get in on potential 1000%+ gains before the year is over. As more FIL and DOGE investors flood in, it’s looking extremely likely that Chronoly.io (CRNO) will have an excellent 2023.
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