‘Inflation’ is a word that is being spoke about a lot at the moment, but what does ‘inflation’ actually mean? Inflation, for economists, means too much money chasing too few goods and services but, in practice, it means a decline in the purchasing power of any given currency over time. During periods of inflation, the value of currency declines while the value of assets increases. In other words, the purchasing power of your currency declines. As inflation is rising right now, we can see this equation play out as both Bitcoin and Ethereum crash while Chronoly (CRNO) បន្តឡើង។
Bitcoin (BTC) is not a hedge against inflation
Ethereum (ETH) is also inflationary
As of the time of writing, the price of Ethereum is $1,189.62. Ethereum’s market capitalization now stands at just over $141 billion. If you look at the picture over this year, it makes for a grim vista, with the price of ETH has fallen almost 70% in that time. That’s a pretty sobering and dramatic decline in purchasing power. Of course, the general crypto market crash is playing a role here but there’s no doubt that inflation is exacerbating it.
Chronoly (CRNO) is not like the rest
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Source: https://www.thecoinrepublic.com/2022/06/28/bitcoin-btc-and-ethereum-eth-crash-as-result-of-inflation-chronoly-crno-skyrockets/