Sandbox, Hedera Fall Again; Chronoly’s Investors Bullish After Pre-sale Sells Out
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The crypto market has been extremely unpredictable for the last few months. While some well-known crypto projects have fallen to the ground, some have braved the bears with full force. There are also some rare projects that have been favored by market bulls in an exceptional manner.
The Sandbox (SAND) and Hedera (HBAR) are two cryptocurrencies that have lost a significant market share due to the crash. Chronoly.io, on the other hand, is a new player in the arena and has posted stunning scores on the growth chart. From its price to its investors’ base, every business element of Chronoly has witnessed growth. The value of Chronoly’s CRNO has grown by 690% during its pre-sale phase.
Sandbox Finds No Buyers For Its Lands
The Sandbox (SAND), a blockchain-based gaming platform, has resorted to an extended season to attract players as the sales of its virtual land have fallen by 75%. The Sandbox’s new announcement has come following the declining interest in metaverse real estate. This slump in the value of virtual lands is mainly due to the recent market crash. At present, the average price of a plot of land in The Sandbox (SAND) is around USD 5,000, which was around USD 20,000 from November 2021 to January 2022.
The Sandbox (SAND) is an Ethereum-based virtual world allowing users to create and trade digital assets in the form of a game. As per its developers, The Sandbox (SAND) is an immersive metaverse gaming platform that allows gamers to own and trade their in-game assets. The Sandbox (SAND) is only available to play during designated “seasons.” Generally, the season lasts around one month, except for the ongoing season that has passed 10 weeks already.
Hedera’s Low Market Share Keeping Its Growth Low
Hedera (HBAR) is one of the most sustainable and enterprise-grade platforms that aims to assist developers in creating decentralised applications (dApps). However, Hedera (HBAR) has struggled to capture a significant market share in mainstream industries like Decentralized Finance (DeFi) and gaming. Consequently, Hedera (HBAR) has not been able to increase the trade volume on the platform. Besides, the recent market crash has also hurt the growth prospects of Hedera (HBAR). The price of HBAR has dropped by around 16% in the last week. Currently, HBAR is trading at USD 0.068, which is about 74% below its all-time high of USD 0.26.
Hedera (HBAR) is a public network that uses hashgraph technology. Hashgraph implies a consensus mechanism that provides a secure, fair, and fast data structure. HBAR is the native crypto of the Hedera public network.
More Investors Throng To Chronoly
Chronoly.io (CRNO), the world’s first fractional marketplace dealing in luxury watches, has become a big name in the crypto market, due to its unique business roadmap and real-world use cases. Chronoly (CRNO) has startled market analysts with the results of its pre-sale, which is currently in its third phase.
Chronoly.io (CRNO) lets people make a fractional investment in rare collectable watches. It allows people to gain ownership of luxury watches by purchasing their NFTs, starting from as low as USD 10. Chronoly.io (CRNO) mints NFTs of rare watches of high-end brands such as Rolex, Patek Philippe, and Richard Mille, among others.
Chronoly.io (CRNO) mints NFTs after purchasing the physical version and storing them in safe vaults. Hence, all Chronoly’s NFTs are backed by real-world watches. This provides CRNO with stability, security, and assured profitability since the value of luxury watches is well-renowned for their ever-increasing nature.
Chronoly.io’s growth since its launch in May 2022 has been phenomenal. The price of CRNO has grown from USD 0.01 to USD 0.079. Experts have predicted that CRNO can grow by another 2500%-5000% before the end of the pre-sale phase and can reach the price tag of USD 1.0 soon.
For more information about Chronoly.io presale