Altcoins With 50x Potential: Decentraland (MANA), The Sandbox (SAND) and Chronoly (CRNO)

Analyticsinsight 2 months ago Report
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Altcoins

All cryptocurrencies other than Bitcoin (BTC) are referred to as altcoins. Nevertheless, due to the fact that most cryptocurrencies are branched from either Bitcoin or Ethereum (ETH), some individuals believe altcoins to be all other cryptocurrencies. For the purpose of validating transactions and opening new blocks, other cryptocurrencies use alternative consensus algorithms. Others attempt to set themselves apart from Bitcoin and Ethereum by providing unique functionality.

The majority of altcoins are created and launched by developers with a different vision or purpose in mind for their tokens or currencies. Here are 3 with the potential to grow your investment by a factor of 50: Decentraland (MANA), The Sandbox (SAND) and more likely Chronoly (CRNO).

Decentraland (MANA) proves to be a tough cookie

MANA, Decentraland’s currency, has seen a 78 percent price drop from a peak of $2.85 in March. Prior to the cryptocurrency market’s massacre in April. Surprisingly, the cryptocurrency spiked by 8% during intraday trading on 30 May, breaking out of a two-month-long falling trendline. Now the question is, having retained the majority of its profits after 24 hours, how has this token performed in the last 24 hours? The price of a MANA token increased by 8% after breaking out of a declining trend line during intraday trading on May 30. At $1.08 at press time, the token had lost 6% of its gains in the previous 24 hours due to a retracement. There is certainly resilience here and good long-term growth prospects, however there is clearly not as much potential as Chronoly (CRNO).

The Sandbox (SAND) is not built on shifting sands

The SAND token was trading at $1.29 on May 22nd, after a 4% price increase in the previous two days. For the time period under consideration, the token’s market capitalization increased from $1.51 billion to $1.58 billion. Similarly, the trading volume for the SAND token increased by 151 percent over the next 24 hours. With a bullish price movement, the rise in trading volume indicates higher accumulation by SAND holders during that time period.

On the social front, the announcement of the acquisition resulted in a surge in the SAND token’s social dominance. The token’s social influence has increased by 312% in the last two days. On the other hand, the attempt to create a spike in social volume on May 20 was followed by a correction, which pushed the metric’s index downward. The token’s social volume increased by 18% during the course of the two-day window.

Chronoly (CRNO) has investors in a spin

Chronoly (CRNO) is a real utility token that is still in the early phases of development. The token sold over 25 million tokens in less than a minute during its inaugural presale round. One CRNO token is now worth $0.04. To date, about 140 million CRNO have been sold, and the number is continually growing.

With the presale gaining ground and the community already up to 2,000 members this looks like a project here to stay and bring real success to early investors. The project will also include its own marketplace where users can buy and sell fractions of watch-backed NFT’s in seconds. Chronoly are in talks with large metaverse projects, where you will be able to showcase your watch collection, display and flex your watch on your avatar’s wrist in Web 3. The presale is currently increasing in numbers weekly, so act quickly before it’s too late! Analysts expect that during the presale period alone, Chronoly will increase by over 900%.

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Twitter: https://twitter.com/Chronolyio

The post Altcoins With 50x Potential: Decentraland (MANA), The Sandbox (SAND) and Chronoly (CRNO) appeared first on .

Original Source: https://www.analyticsinsight.net/altcoins-with-50x-potential-decentraland-mana-the-sa...

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