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$TIME @Chronotechnews
[Updated Chart as of Oct. 31st, 2021]
The most up-to-date read on their chart leaves me a bit uncertain, but very optimistic for what's in store for $TIME. Looking at the daily candles dating back to March 2021, you can see an established consistent uptrend, resulting in what I believe is approaching a decision point. It will either break through resistance and move the price point higher very soon, or it's going to breakdown and correct/accumulate before challenging the resistance area again. Thinking long-term, it may be healthy if the price corrects and presents a better buy opportunity.
Let’s start this conversation by discussing scarcity and its role in the economy.
The easiest way to think about scarcity is that it’s the variable that defines the relationship between supply and demand. Investopedia calls it “the gap between limited resources and theoretically limitless wants.” https://www.investopedia.com/terms/s/scarcity.asp
The key words in that definition are “limited resources…” and that is exactly what Chrono.tech has built inherently into their tokenomics by only allowing 710,112 coins to ever be created.
By their own admission, their contract is incapable of minting new coins which is going to be the catalyst that pushes their price per coin into the thousands.
Seriously, hear me out.
$TIME Chrono.tech… (Caution, I use the name with the ticker because there are several coins with the same $TIME ticker that released after the infamous @elonmusk tweet about time being the ultimate currency. I am of the mind this was an attempt to target a very scarce coin... but I digress.)
…where was I?
"$TIME Chrono.tech is a Sydney-based Australian company building out Blockchain HR Software Solutions to streamline global access to work and payments."
Those aren’t my words, I pulled them directly from the front page of their website, https://chrono.tech. They are building tools that allow employers to harness labor pools and submit payroll via solutions entirely on the blockchain. They even helped develop TimeX which is a fully licensed Plasma-based crypto exchange, and it’s slick. https://timex.io/
This project knows how to deliver value.
All the way down to https://timebridge.org, which is probably one of the easiest ETH>BNB bridges I’ve seen.
The more I research this company, the more I fall in love with their approach as a layer 1 tech. Freelancers can source jobs, get paid in crypto, convert to their favorite fiat currency and transfer to their personal bank account all within the $TIME ecosystem.
It’s a one stop shop.
That is why, when you combine both service and accessibility with only 710,112 coins in existence, I can see this coin reaching thousands of dollars per coin over the next decade as more and more businesses and workers migrate operations to the blockchain, both for security and transparency purposes.
Again, there is only, and ever will be 710,112 tokens ever in existence… aren’t you curious to see where this goes?
710,112...
Do your own research: https://Chrono.tech
