Cryptocurrency investors are preparing for another altcoin season after the recent bear market in digital assets. Those looking to capitalize on recent lows could consider adding Hedera (HBAR), Decentraland (MANA) or Chronoly (CRNO) to their watchlists. Each of those coins offer diversification into different sectors of the crypto market and could see strong gains in 2022. Hedera has the backing of some of the world’s leading corporations, Decentraland could be pushed higher on further metaverse gains, while Chronoly.io which is up 400% in its presale is aiming to offer asset-backed investment in luxury timepieces.
Hedera (HBAR) could benefit from partnerships
Hedera (HBAR) has been a big loser from the downturn that started in 2021. The coin has seen its value drop from highs near $0.50 to around $0.06. Despite the downtrend, Hedera HBAR has the backing of some world-leading companies with Google, Boeing, and IBM among the names. The Hedera project has since signed a partnership with video game publishing firm Ubisoft, which will provide support to Hedera’s plans for entertainment and gaming. As corporations embrace blockchain in their business models, Hedera can benefit from these connections.
Decentraland (MANA) looks for another wave of Metaverse gains
The Decentraland MANA coin has also been hurt in the bear market with the coin falling from highs near $5.40 to trade at $0.86. Decentraland saw major interest in its metaverse virtual land plots in 2021 which peaked with the news that Facebook was rebranding to Meta Platforms. MANA rocketed on the news with virtual land on the site hitting record values. The metaverse hype has cooled with the cryptocurrency market and that could be a buying opportunity for investors in the digital land space. More and more corporations are bringing their brands to the metaverse and Decentraland should see further interest in the future.
Chronoly.io adds a new approach to asset investment
The Chronoly.io project is looking at embracing the metaverse later in its project timeline, but it will focus on physical assets first. Chronoly.io is a marketplace that enables investors to fractional own, trade and invest in rare and exclusive watches from the world’s top watchmakers such as Rolex and Audemar Piguet. Those watches are minted as NFTs with the physical watch being insured and kept in safe storage vaults. The Chronoly.io native token (CRNO) is the platform’s currency that offers holders a number of great features such as staking, where investors can get an annual yield on their tokens. Other benefits such as prize draws will also be included.
These three projects could provide a strong return for investors but are also a diversified mix of a fast and cheap smart contracts platform, a leader in the blockchain metaverse, and an opportunity to invest in physical assets which are held on-chain. As Hedera (HBAR) and Decentraland (MANA) look for a bottom in price, early investors in Chronoly (CRNO) token have seen the price rise from $0.01 to $0.05 in the presale. Many investors are not yet aware of the Chronoly.io project and will also not be aware that a metaverse move is coming later for the platform. This makes it an ideal time to snap up CRNO tokens and investors can get an immediate return with the yield staking option.
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