The Sandbox (SAND) Falls Below USD 1.10 as Chronoly.io (CRNO) Stays Bullish

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According to crypto investors, Metaverse tokens are poised to be the next big thing. But lackluster performance from the big two, Decentraland (MANA) and The Sandbox (SAND), has led to some skepticism about where their prices are headed in the near future. Meanwhile, Chronoly.io (CRNO) has outperformed both of these tokens. 

In this article, we’re going to take a look at how The Sandbox is doing before examining the meteoric rise of Chronoly.io (CRNO).

The Sandbox (SAND) is a virtual world designed for incredible experiences. It runs on the Ethereum blockchain and looks a bit like the world-famous Minecraft. However, it’s rich with features, like a built-in game designer and its own economy.

As a whole, the Metaverse is yet to take off. This has led to The Sandbox’s price being held down through a lack of convincing evidence of a promising future. After Facebook announced its plans to enter the Metaverse in October 2021, The Sandbox (SAND) soared over 1100%, rising from USD 0.70 to nearly USD 8.50 in a matter of a couple of months.

Since this peak, The Sandbox has declined to the USD 1 to USD 2 range. However, with the recent sell-off in the crypto market, SAND has fallen to the lower end of the range, currently trading for USD 1.05. This was a further -32% decline from its peak in mid-July. SAND has now broken its uptrend, leaving investors fearful of sub-USD 1 pricing.

Such a drop could be especially painful for buyers above USD 5, who are already down nearly -80% on their investment. Only time will tell if SAND wants to continue lower.

While Metaverse tokens have been selling off, a new entrant to the Metaverse space