Investors in The Sandbox were rewarded with stellar gains in 2021 as the cryptocurrency market saw wins for projects moving into the metaverse. The rebranding of Facebook to Meta Platforms was the driver of that trend but the focus has now shifted.
Any adoption of the metaverse is seen as being two years down the line and investors are now looking for projects that can bring rewards in the short term. One of those projects is Chronoly (CRNO) which launched recently and offers the first ever 24-7 marketplace for investment in rare luxury watches. Investors can get involved with fractional purchases of top timepieces that will hold their value like gold or art.
The Sandbox is Building, but a Lack of Adoption will Slow Gains
The cryptocurrency bear market has been hard on the price of The Sandbox (SAND). The coin traded at highs of around $6.00 but now trades at less than $1.00 as optimism fades for digital assets. SAND was a big winner as markets focused their attention on metaverse-related projects, but that theme will take time to develop.
In a recent MLIV Pulse survey, more than 70% of respondents said they knew what the metaverse was but that it won’t change the way they interact with businesses over the next two years. The Sandbox CEO previously said that he wanted the project to be the Manhattan of the metaverse, however that will take time to come to fruition and the price of SAND could stagnate. Mark Zuckerberg said that the metaverse was “the next frontier,” when the billionaire changed his company’s name from Facebook to Meta Platforms Inc back in November 2021.
Chronoly Arrives at the Perfect Time for Value Investors
Chronoly has timed its launch well because it has arrived at a time when investors have been seeking safety. The technology bubble popped in January when the Federal Reserve started raising interest rates and projects without revenues were beaten down. Investors have been moving to the U.S. dollar and bonds for safety and security, which is a big opportunity for CRNO investors. Chronoly offers investment in luxury timepieces that have held their value for many years and investors can get fractional access to the top watchmakers such as Patek Phillipe or Rolex.
The Chronoly project does this via an intuitive and unique trading platform that no longer requires third-party watchmakers and vendors. Having a 24-7 platform will boost liquidity in the market for timepieces and in turn boosts the outlook for the CRNO token. Holders of CRNO can also earn passive income from staking their coins. Chronoly mints an NFT for each new timepiece and these will have strong collateral value in the digital marketplace as they are backed by real-world assets. Investors that jumped in early to The Sandbox are now trying to get involved with some CRNO tokens as they know the metaverse will take time to mature, but watches are already a valuable investment.
For more information about Chronoly.io
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio
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