The Sandbox was launched in 2011 by Pixowl, a games studio. This blockchain-based platform combines two of the hottest things in the world right now, cryptocurrencies and gaming, with a surprise mix of non-fungible tokens.
The users of The Sandbox platform will be able to create and build land following their desire for a gaming world. It is one of the most prominent virtual world ecosystems wherein over a million users are active over a single month.
Arthur Madrid, the co-founder and CEO at Pixowl is the major authority behind The Sandbox, and Sebastien Borget is also a co-founder at Pixowl and serves as the COO of the company.
Sandbox has collaborated with major brands such as Atari, Binance, Adidas, The Smurfs, DeadMau5, and Bored Ape Yacht Club. With Sandbox, data platforms such as Realm have been motivated to develop non-expendable collections such as “Fantasy Island” that mint 100 virtual islands.
This new virtual universe inspired by Sandbox has opened towards NFT auctions where several pieces have been sold, including the mega yacht. According to announcements from the crypto company, the non-fungible token piece opened with a valuation of 63.9 Ethereums, but in a few hours, it increased in price.
We can remember that Since Facebook announced changing its parent company’s name to Meta, the gaming platform’s native token, SAND, has been previously strongly bullish. Perhaps the current blip can be attributed to the Omicron variant and the resulting dip in most cryptocurrency prices.
How does The Sandbox work?
Pixowl has created three products that can be used by the people on the platform, which empowers their experience by giving them ownership of the content they produce. The first product is the VoxEditor which allows Windows or MC users to create 3D models ranging from humans to animals.
Furthermore, these 3D models can be imported from the VoxEditor to The Sandbox marketplace, and now, these are the ASSETS that a player can use. On the other hand, the second product is the native marketplace of The Sandbox, a major center of attraction for players.
The marketplace allows people to upload, sell, and publish all the NFTs they create for capitalization. Moreover, these uploads pass through to IPFS to offer decentralized storage and accessibility where the ‘ownership’ part comes in.
The Ethereum blockchain records the data and allows the creator to prove ownership; owners can sell their creations after uploading via the marketplace with the help of an initial sale offer.
Lastly, The Sandbox offers The Sandbox Game Maker. It offers developers worldwide or game enthusiasts the to create a game of their own choice on a blockchain without any coding skills. The Game Maker can easily help people create 3D games, a truly majestic and creative tool from the platform.
What is SAND?
SAND is the native in-game currently of The Sandbox platform and is one of the most important tools to get a full Metaverse experience. This token helps users buy and sell LAND and ASSETS, making it the basis of every transaction on the platform.
SAND has a supply of 3 billion SAND tokens and is an ERC-20-based token. It trades on all the major crypto exchanges like Gemini, FTX, and Binance.
SAND price history and technical analysis
Sandbox price is extremely bullish for 2021 as it rose by massive amounts this year. However, the token started in August at $0.05 and $0.07 in the same month. A bearish downtrend followed as prices fell below $0.03 in Jan 2021. However, by the end of January, the SAND coin was above $0.08.
Following a similar bullish pattern, the price of the SAND coin reached $0.8 by the end of March 2021. The price increase accompanied a bearish trend wherein the entire crypto market fell to lower levels. The SAND price fell back to $0.1, further rallying to$0.7 in August. By the time August ended, SAND was at $0.9.
SAND finally reached $1 starting September, generating a new ATH. However, this was followed by a bearish trend to $0.6. By later October and early November, SAND rallied to $3, dropping to $2.2 by mid-November. Bulls once again took the token for a ride as SAND made a new all-time high at $8.4 by the end of November.
As seen in the daily chart below, The Sandbox token goes through a bearish phase after reaching a new ATH. The Bollinger Band was extremely narrow, but the prices have turned bullish since November. This bullish outburst of the SAND token led to multiple breaches from the upper end of the Bands.
The 50-day and 100-day price actions continue to remain below the price movement. These levels are important to support zones for the price action. Today’s Sandbox price is also bearish, down by 31.43% from ATH. On the other hand, the coin’s current price rests below $6.
In this section, we’ll discuss The Sandbox coin price prediction by various websites which have used their algorithm to predict Sandbox price for the future. The current market cap of Sandbox in the cryptocurrency market rests at $5.3 billion.
SAND coin price prediction by WalletInvestor
WalletInvestor predicts a minimum price of $9.913, a maximum price of $11.903, and an average value of $10.969 for SAND by 2022.
According to The Sand price prediction by WalletInvestor (WI), the average price shows that The Sandbox (SAND) prices will reach a minimum price of $12.683, a maximum price of $15.622, and an average value of $14.097.
The Sandbox price prediction by WI shows an average price of $17.176, followed by a minimum price of $14.982 and a high of $19.380. The WI predicted a bullish price movement for SAND and a new addition to the booming metaverse projects.
The long-term prediction by WI shows a minimum level of 17.231 USD, a max of 23.596 USD, and an average of 20.338 USD. The forecast ends on a very bullish note for the short term. On the other hand, predictions for the second half of the decade are absent on the website.
SAND price prediction by DigitalCoinPrice
The Sandbox price prediction by DigitalCoinPrice shows a price of 8.15 USD by the end of December 2021.
The Sandbox price for 2022 Jan stands at $9.1, followed by a rally to 10.27 USD by the end of the year.
The Sandbox price for 2023 Jan stands at 13.85 USD, followed by a bearish retracement to 12.6 USD by the end of the year.
The Sandbox price for Jan 2024 stands at 11.78 USD, followed by a rally to $13 by the end of the year.
The Sandbox prices for Jan 2025 stand at 20.14 USD, followed by a bearish retracement to 19.82 USD by the end of the year.
Cryptopolitan SAND price prediction
According to Cryptopolitan, SAND will breach $10 shortly soon. On the other hand, a bearish retracement toward$3 is also possible. The long-term prediction sets the price at $50 by 2025, and a very bullish scenario might see SAND breach $100.
On November 27, The Sandbox token has faced a downfall of almost 13% after going up by 50% lately. The coin is still above the $6 coins, and many experts are confident that it can upscale again and even cross the $8 mark this time. However, investors wonder whether to continue putting money to push this Metaverse project’s price again.
Sandbox price remains in price discovery mode, so any small dips may continue to get bought and new all-time highs will continue to be made. Caution should always be observed when any instrument is trading in a parabolic state.
Yesterday, the long “shadow” or skinny part of the candle shows that the price went down and was bought back up strong and indicates a possible reversal. Long-term, we have high hopes for SAND due to the Metaverse frenzy building up.
The Sandbox (SAND) token is a very good investment but, it is also important to do your research before investing in the token. To invest in a token, you need to understand its technology. The rise of cryptocurrency will continue as per every site, and it seems that investors will trade the token more often shortly.
Investors might see SAND rising and breaking resistance levels to hit a new ATH by the year’s end. Therefore, it might be one of the most promising investments considering the expected bullish sentiment in the market. Our SAND prediction end with a bullish note but, it is not financial advice.
Is Sandbox a good investment?
SAND is a good investment considering the token rose by more than 332% in November. As per the graph below from DigitalCoinPrice, SAND will breach all the current resistance levels and make a new ATH very soon.
If you had bought one SAND token 90 days earlier when the coin was at $0.5833 (as per data from CoinMarketCap) and sold it at the all-time high of 8.51 USD, you would’ve increased your holdings by 1458.9%.
Where to buy SAND?
SAND is available in major trading platforms including Gemini, Crypto.com, and Binance. Gemini and Crypto.com both have great apps on iOS and Android. To trade SAND, you need to sign up for an account on one of these exchanges if you don’t already have one. Before proceeding, you may want to read our reviews on crypto exchanges.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.