The global Metaverse coin market appears to be holding a strong position at over $34 billion. Analyst Paul Brabus, who examines the price action in Chronicle (XNL), which has risen over 33 percent in the last 24 hours on CoinMarketCap, examines why the altcoin is increasing. Here are the details…
What does this metaverse coin offer to investors?
Chronicle (XNL), released in 2021, is known as a leading NFT and metaverse coin for authenticated and fully licensed NFTs. Chronicle’s mission is to provide its community with unique and environmentally friendly NFTs and licensed NFTs. Chronicle, which currently has five main collections, is known to be a rather underrated project with a current market value of $3.6 million. According to the analyst, this makes the NFT platform a must-watch project in April 2022 and beyond. According to
Analyst Paul Brabus, the price of the metaverse coin XNL could easily fall later this year as the altcoin’s team continues to add more collectibles to its platform and secure partnerships. can see significant growth. Another benefit of Chronicle, according to the analyst, is that some of the NFTs on its platform are cost-effective. NFTs on XNL are listed in USDC token. In addition, XNL gives holders voting power for proposals initiated by the Chronicle DAO.
What are the reasons for the rise in Chronicle (XNL) price?
As reported by Kriptokoin.com, on March 30, Chronicle announced the updated Roadmap that has excited the market as the platform joins Web3 to build the future of NFTs and digital media. According to the analyst, it seems clear that the team continues to work hard on the metaverse coin and provide real benefit with the NFT market.
With a current market cap of $3.5 million, Chronicle is known as one of the least valued metaverse coin projects in the market. The altcoin also announced the Chronicle Universe, which will begin development in Q4 of 2022. Accordingly, it will expand Chronicle’s existing ecosystem and provide an immersive 3D experience for users. Here’s how Chronicle explains:
The Chronicle Universe is an ambitious metaverse project currently in pre-production. More information will be released in stages soon.”
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