Dogecoin And Flow Fall As Chronoly Sells Almost 225 Million Tokens
Categories: Crypto News
Dogecoin(DOGE) And Flow (FLOW) Fall As Chronoly Io (CRNO) Sells Almost 225 MillionTokens
Dogecoin(DOGE) investors are licking their wounds
Compared towhat some Dogecoin (DOGE) investors had expected in 2021, 2022 has been a badyear for the top meme token: it’s down -67% just from the start of 2022. Aftera speculative rise on the 14th of August from $0.074, DOGE grew nearly 25% andmade an ugly peak at $0.091. It then tumbled and has since been in a strongdowntrend.
DOGE hasfallen to just $0.06 on the 18th of September - a -34.5% decline in just over amonth. With recent lows being broken and only June’s lows of $0.05 standing inthe way of a drop down to $0.035, it would be wise to stay out of DOGE for thetime being.
Flow(FLOW) looks to continue downstream
Flow is aplatform for developers to build games and apps upon focusing on digital assetssuch as NFTs. With NFT fever dying down, FLOW has struggled, although it hasoutperformed DOGE. Since its launch on July 2021, FLOW has been on a downtrendthat hasn’t yet let up, falling nearly -97% from $38.5 at launch to just $1.22nearly a year later.
FLOW alsosaw a dramatic rise in August, climbing 75% in just a week - before crashingback down below its August low. Since then, FLOW has seen pushes upwards, butthis has been quickly met with more bearishness. Now, it’s looking like FLOWwill break its late-August low of $1.67 in the coming days.
Chronoly.io(CRNO) is selling out fast
Despite thebroader crypto bearishness, Chronoly.io (CRNO) has been outperforming the vastmajority of the market. Chronoly.io (CRNO) is a decentralized marketplace fortrading shares of luxury watches that has seen massive investment in its tokenCRNO. Nearly 225m tokens have been sold already in presale, with the cap set at300m.
But why isChronoly.io (CRNO) so popular? It comes down to their incredible innovation inthe luxury watch industry. Chronoly.io (CRNO) has minted fractionalized NFTsthat allow anyone to invest in luxury timepieces from brands like Rolex, PatekPhillipe, and Richard Mille for just $10. They keep custody of the physicalwatches in their secure bank vaults across the globe.
Because ofthis exceptional use case, CRNO has grown from $0.01 to $0.079 since May,representing 690% gains for those early investors - no losses here! Presalefinishes at the end of September, where crypto analysts are making predictionsfor CRNO to reach $1 when it goes on sale to the general public.