Chronoly.io (CRNO) Remains Bullish as The Sandbox (SAND) Drops Below USD 1.10
Investors in cryptocurrencies believe that Metaverse tokens will soon become very popular. However, the underwhelming performance of the top two, Decentraland (MANA) and The Sandbox (SAND), has raised some doubts about the direction that their values will take in the short term. The performance of Chronoly.io (CRNO) has surpassed that of these two tokens.
In this post, we'll first assess The Sandbox's performance before analyzing Chronoly.io's explosive growth (CRNO).
Investors have been underwhelmed by The Sandbox (SAND).
A virtual world called The Sandbox (SAND) was created to provide amazing experiences. It resembles the well-known Minecraft game and utilizes the Ethereum blockchain. It does have a lot of features, though, including a built-in game designer and a functioning economy.
The Metaverse hasn't really taken off yet as a whole. The Sandbox's price has been kept low as a result of the absence of compelling evidence of a potential future. The Sandbox (SAND) increased by over 1100% following Facebook's announcement that it would join the Metaverse in October 2021, going from USD 0.70 to about USD 8.50 in a few of months.
The Sandbox has dropped to the USD 1 to USD 2 area since its apex. SAND, however, has dropped to the lower end of the range and is currently trading for USD 1.05. This is because of the recent decline in the cryptocurrency market. This represented a further -32% drop from its mid-July peak. Since SAND has suddenly reversed its upward trajectory, investors are now wary about prices below USD 1.
A decrease of this magnitude could be especially unpleasant for buyers above USD 5, who have already experienced an investment loss of around 80%. The future will only be able to determine if SAND wants to go lower.
The Metaverse token with the best performance is Chronoly.io (CRNO).
While Metaverse tokens have been losing value, a recent player in the Metaverse market, Chronoly.io, has been performing remarkably well (CRNO). There are currently no brakes on the Chronoly.io (CRNO) train despite it being up 560% over the same period that Sandbox (SAND) has been down more than -50%.
Chronoly.io intends to significantly disrupt the market for high-end watches. In order to make the investment in luxury timepieces more accessible to everyone, Chronoly.io (CRNO) has minted a selection of fractional NFTs, which were previously only available to individuals with substantial financial resources.
They truly have custody of these timepieces, which include some of the most recognizable brands like Rolex, Patek Phillipe, Audemars Piguet, Richard Mille, and more, and are kept in safety deposit boxes in banks all over the world. And for as little as USD 10, you can invest in their value.
Users can purchase, sell, and even lend against these fractional shares on Chronoly.io's (CRNO) native marketplace for quick liquidity. They are working hard with platforms to integrate their Ethereum-based tokens because they want everyone who owns a piece of these expensive watches to be able to wear them in the Metaverse.
Through staking and reduced trading costs, Chronoly.io (CRNO) employs the CRNO token in its ecosystem to provide you with passive revenue. As of the right moment, Chronoly.io (CRNO) has increased from its first sale price of USD 0.01 to USD 0.066 in August. Tokens are anticipated to be sold to the general public for between $0.50 and $1.00 apiece after the pre-sale concludes at the end of September. Chronoly.io (CRNO) might earn you over 10x in less than a month while Sandbox (SAND) declines and loses value.
For more information about Chronoly.io presale
Website: https://chronoly.io/
Telegram: https://t.me/Chronolyio
Presale: https://presale.chronoly.io/register
Twitter: https://twitter.com/Chronolyio