However, the breakout could be a silver lining for the SAND cryptocurrency, as their market is engulfed in bearish dominion. Although the market appears to show potential for a reversal, we can’t be sure if it will happen. Perhaps the current blip can be attributed to the Omicron variant and the resulting dip in most cryptocurrency prices.Ĭryptopolitan’s latest SAND price analysis has deduced that the bears control the market with a massive opportunity for further bearish activity. 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. Games are part of everyone’s life cycle monetizing them could be a gamechanger. Build experiences, host events, and invite friends. Picture yourself in The Sandbox metaverse, providing access to exclusive content and granting the possibility to monetize your own part of The Sandbox’s Metaverse. Will you HODL or DUMP now that we’re in the middle of a “maelstrom”? The question is if the trend will continue. You can see that there is a clear trend here starting in Dec 2021. Since the bottom in June 2021, SAND has only been outperformed by Axie Infinity (AXS), another metaverse game token. There is no surprise as they have big partners, such as Snoop Dogg and Adidas, helping to provide fundamental value to the coin. In the open metaverse, users should be able to enjoy their true digital ownership rights and have new ways to create, store, and trade value while having fun rather than having to worry about online threats Sebastien Borget, COO of The Sandbox,Īfter bottoming in June, SAND has gone on a run of more than 5,000% (from top to bottom). The Sandbox would also start educating its users on fraud prevention methods. Recently, The Sandbox has signed on BrandShield (BRSD), an online threat detection company, to ensure the safety of crypto wallets and non-fungible tokens (NFTs) in its marketplace. According to announcements from the crypto company, the non-fungible token piece opened with a valuation of 63.9 Ethereum, but in a few hours, it increased in price. The new virtual universe inspired by Metaverse gaming firm The Sandbox has opened towards NFT auctions, where several pieces have been sold, including the mega yacht.
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