Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype
12 Août 2022 - 05:45PM
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The Sandbox (SAND) has been showing bullish signals and rising
steadily, recording a 0.5% spike in the market. Sandbox price on an
uptrend; rises by 76% SAND price trades upwards; depicting a
long-term bullish trend Sandbox is bullish due to an increased
investor and influencer interest The market has seen
aggressive strides in the past couple of weeks which is forecasted
to be long-term. According to CoinMarketCap, The Sandbox
(SAND) is down by 3.1% or at $1.30 as of this writing. Related
Reading: SOL Makes Another Shot At $44, After Two Failed Attempts
This Week SAND Blows Past 75% On Influence Boost SAND was seen to
spike by 76% since June 19. The growth is brought about largely by
the influence of metaverse platforms like Sandbox which has
generated a great deal of interest from popular influencers and
personalities online as well as a huge part of blockchain users who
continuously support these platforms. For instance, famous
socialite Paris Hilton has a Malibu mansion on Sandbox and is
organizing events for fans that allow everyone to interact
virtually with her. Hilton’s partnership with Sandbox has generated
a lot of attention for SAND and also the metaverse events she has
in store for her solid fans on Sandbox. Related Reading: Cardano
Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? SAND’s
price growth is mainly triggered by its wide expansion
internationally and in other markets. Additionally, Sandbox is also
said to begin partnerships with local businesses for a pop-up
atelier. These developments have propelled SAND’s prices way up as
investors are now excited with the evolution of the metaverse
industry and want to be a part of the metamorphosis. On the recent
chart, the market has registered small gains which are said to be a
perpetuation of the sideways market that has been lingering for the
past couple of weeks. SAND is seen to continue with its current
trading direction or the sideways market in the next trading
sessions with prices that could potentially trade below $1.49. On
the other hand, if the prices hover above the key resistance of
$1.49, this will indicate the continuation of a bull run. What Is
The Sandbox? The Sandbox (SAND) is an interactive virtual
Ethereum-based world that enables players to create, build,
explore, socialize, trade, and monetize digital assets and game
experiences. The platform is powered by SAND, its native currency,
which is utilized for interactions and transactions made in the
virtual world. The Sandbox provides players with a safe gaming
landscape that keeps players secure from crypto market volatility
and crashes. While the Sandbox has been criticized a lot of times
as it heavily relies on cryptocurrencies which are highly volatile,
the platform remains to be one of the most popular and trusted
projects in the GameFi space. SAND total market cap at $1.6 billion
on the daily chart | Source: TradingView.com Featured image from
Yahoo Finance, Chart from TradingView.com
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