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One of the hottest investments in crypto last year was in metaverse-related projects. Investors saw early gains in play-to-earn gaming projects, while there was a blast higher in metaverse virtual universes into late November.
That spike was created by the news that Facebook was rebranding its business model to incorporate the metaverse. After prices have cooled, there is now an opportunity for three bargains that are set to lead the metaverse: Decentraland (MANA), The Sandbox (SAND), and Chronoly.io. Each of these projects has the potential to attract many new followers and find new ways to monetize its strategy.
The Decentraland MANA coin has slumped since that November spike high, with the Decentraland MANA coin falling from highs near $5.40 to trade at $1.00. Decentraland (MANA) saw prices rocketing for its virtual plots of land at the time of the Facebook news. Virtual land usually sells at a premium due to the size of the lot and its proximity to the center of the metaverse. However, in the future, the land prices could depend on the corporations that are located nearby. Brands such as Adidas and Atari have bought up virtual land in blockchain-based metaverses, and many companies believe that much of retail will eventually happen within the metaverse. Walmart was another major company pivoting to NFT goods.
The Sandbox (SAND) project can also produce a rebound in price after the price rallied to $8.40 but then dropped back to $1.30. The Sandbox also sells plots of land and investors have a chance to get involved at lower levels. Recent news saw Coinbase listing the SAND token and that has spurred prices higher. Another news report was that two telecoms giants had bought land in The Sandbox (SAND). PCCW and HKT said they will be launching the world's first virtual 5G mobile network in the virtual world. That will allow them to distribute TV and music content in the Web 3 form of entertainment.
This unique project will offer a blockchain marketplace for investors to snap up NFTs that are backed by rare and exclusive watches. That streamlines the process of watching investing. The physical watch is insured and kept in secure storage. The NFTs will then be broken into many fractions making it possible for investors to get in for as little as $10. With the help of blockchain tech, it's possible to trace the ownership, value, and authenticity of the timepiece. This is the revolutionary solution against counterfeits.
The project's native Chronoly (CRNO) token can also be staked for an annual yield. In the future, the token could rally on its metaverse potential as the world's top watchmakers will likely want to be involved in the metaverse and could link up in partnership with Chronoly (CRNO).
The CRNO token has gone from $0.01 to $0.066 in the last couple of weeks. The revolutionary idea combined with the transparency that the Chronoly team gives to their community has made the price rise by 560%. Furthermore, experts predict the price to soar over 3,000% once it is officially released on Pancake Swap.
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
