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.

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