The Sandbox price has been fluctuating near its previous 52-week high. Although the pattern of Sandbox looked as if it was ready to surge after its breakout in September 2021, it failed to continue the momentum and touched its 50-day Exponential moving average in the following days.
High volatility is not new in the crypto world, but the Sandbox network is not receiving enough media attention. Its current rank in the world of cryptocurrencies is #120, with the last 24-hour trading volume near $57 million. Let’s take a look at the Sandbox price prediction for the next few years.
The Sandbox Overview
|Price Change 24H||-2.18%|
|Price Change 7D||-3.95%|
|Circulating Supply||1,227,664,778 SAND|
|The Sandbox ROI||15362.36%|
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What Is The Sandbox?
In simple words, The Sandbox is a community-driven platform where creators can monetize voxel assets and gaming experiences on the blockchain. In this virtual world, the participants or the players can build, own, and monetize their gaming experiences using SAND tokens, which is the platform’s utility token.
The decentralized platform also allows players and creators both to own a piece of gaming metaverse (LAND) and participate in the governance and economy using the SAND utility token. The players can create their Digital assets, which would be Non Fungible Tokens or NFTs, and upload them to the marketplace. They can then use these NFTs to create gaming experiences with The Sandbox Game Maker.
With the trending news that Facebook is going to hire 10 thousand European developers for the metaverse project development, it is safe to say that the idea of monetizing the virtual world in-game assets is gaining market recognition as the future of gaming.
What makes Sandbox different is that it uses blockchain technology using a decentralized architecture to run its operations. It offers advantages of true ownership, digital scarcity, inoperability, and monetization capabilities using its structure.
As pioneers in the Sandbox will be taking the highest initial risk, they have methods to generate profits off the Sandbox metaverse concept. The SAND governance token will allow the stakeholder to participate in the governance decision and other such things. The users or players can also spend these SAND tokens to acquire LAND and rent them out or try to populate them to increase their value.
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The SAND also allows for staking, providing an opportunity for passive revenue generation on LAND. Staking also allows for rewards such as Gems and Catalysts, which are crucial for ASSET creation. The SAND also has a fee capture model, i.e., 5 percent of all transaction volume carried out in SAND tokens is allocated with 50 percent to the Staking Pool as rewards for token holders that Stake SAND tokens and 50 percent to the Foundation. The Foundation is a way to incentivize high-quality content and game production on the platform, promoting quality growth among its userbase and content creators.
What Makes The Sandbox Unique?
The Sandbox is unique mainly because it introduced blockchain technology to the world of gaming. The gaming industry is a huge market with billions and billions of revenues that can be generated. The founders aimed to create a universe in which the gamers will be creating and collecting blockchain-based digital assets, essentially revolutionizing the gaming market. It makes a niche for itself in the world of gaming.
By focusing on user-generated content, the Sandbox creates a metaverse of players who contribute to the platform’s development, just like any decentralized crypto governance. It does this by using the SAND token, the utility token of the Sandbox, which promotes governance and allows user to share their views about the project development.
The project highlights the use of blockchain for decentralization. All in-game assets are represented by NFTs, which secure the ownership of players and collectors. The users have also shown interest by acquiring the virtual world’s LAND in the first round of presales in December 2019. The Sandbox metaverse is expected to record a massive growth in the coming years.
The Sandbox will also enable the SAND token holders to participate in the governance decisions of the platform via DAO mechanisms, where the users will be able to exercise their voting rights on key elements of the Sandbox ecosystem. The smart contracts of the Sandbox have been verified by the CERTIK firm, which further increases trust in the Sandbox ecosystem and digital assets.
The Sandbox team has developed two Sandbox genre mobile games that generated more than 40 million downloads. The team is dedicated, and the community support has been tremendous. This was confirmed when the LAND tokens were put on sale and more than 15 thousand users connected to their wallets and resulting in the sell-out of nearly $1 million. The community is still growing, with the numbers near 890 thousand users.
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Partnerships of The Sandbox
Arthur Madrid is the CEO and Co-founder at Pixowl, and he is the driving force behind The Sandbox. The Pixowl was founded in 2011, and since then, the team has been building upon the premise of the Sandbox using the blockchain technology in the metaverse.
The Sandbox has also secured more than 50 partnerships to develop the content on its platform, including brands like Shaun the Sheep, investors such as Square Enix (who created the famous Tomb Raider), and iconic companies like ATARI. These partnerships will enhance the team’s efforts in creating a great ecosystem for the Sandbox and its players. The strategic partnerships will also allow the company to increase its foothold and provide exclusive entry to players from the partner companies’ products.
The Sandbox Price Prediction: Market Sentiment
The Sandbox metaverse is made up of LANDs, which are creative Sandboxes owned by players to create and monetize their gaming experiences. When the company made the sales of LANDs public, around 23% of the map was sold out within minutes, in excess of $1 million of sales.
By providing the users with an ecosystem for content creation, the company plans to provide a comprehensive experience for the players and creators. The Sandbox further allows its users to secure copyright ownerships using smart contracts and blockchain technology.
There are three main tokens that Sandbox uses to ensure a circular economy between all the profiles of users who interact with the platform. The SAND is an ERC-20 token that will be used within the Sandbox as the basis of the ecosystem’s transactions and interactions. The LAND is a digital piece of real estate in the Sandbox metaverse, and the players can build their own experiences on top of LAND by populating it with assets.
Each LAND is a unique token lying on the public Ethereum blockchain (ERC-721). The ASSET is a token created by the players which use the ERC-1155 standard. This can be traded on the marketplace with the main utility to serve the Sandbox Game Maker. The Non-fungible tokens NFTs guarantee authenticity and security, which are distinct, indivisible, and not interchangeable.
The creators can make revenue for themselves using the assets. The assets can be built in the Voxedit by importing and selling on the marketplace as NFTs. Another way to build and monetize it is by building games on the Game Makers using LANDs. One more way monetizing can work is by owning a piece of LAND and then selling it or renting it. The more the population increases, the higher the price will be, increasing the value for the LAND owner.
The Sandbox: Technical Analysis
The Sandbox price has continued to trend bearishly after hitting an all-time high in the last year. No high volume spikes were observed, pushing the price up significantly. Till last November, the SAND coin price was trading in a range-bound area. However, since the beginning of November 2021, the coin marked a tremendous hike which took its price to the all-time high of $8.44. Later, the Sandbox coin faced rejection and fell below $3 in January 2022.
Then, the SAND coin price suddenly spiked upwards but couldn’t be managed to cross $5. After that, the coin again faced rejection and fell to $2.6. Then, the SAND prices were trading sideways till the beginning of April. Later, the Sandbox price corrected downwards significantly, which took the SAND coin price to around $0.90. However, Since May 12, the coin has been reflecting a flattish trend and trades at around $1.2. The Sandbox price today is trading around $1.29 and below its 50-day and 200-days Moving Averages.
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It should be noted that there is no significant accumulation or distribution going on. Currently, the graph of the Accumulation/ Distribution indicator is trending flattish, but it should be taken lightly. The RSI indicator is trying to trade towards 40.
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The Bollinger bands indicate moderate volatility as per the current price movements. Traders should wait for trend confirmation before going long. For long-term investors, it might be a good idea to buy the dips and increase positions over time near the oversold price range.
The Sandbox Price Prediction: 2022-2026
The SAND forecast is based on historical data combined with predictive data modeling algorithms for future price projections. Please note that the Sandbox crypto price prediction should only be interpreted as a piece of investment advice.
It is impossible to predict the crypto prices perfectly due to massive volatility. However, traders should do their own research and crypto forecasting sites before investing. Let’s explore the Sandbox coin price prediction for the next five years.
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Sandbox Price Prediction 2022
The data model relating to SAND predictions based on the historical data shows that the SAND exchange rate will reach an average price of $1.71. The maximum and minimum price levels will be $1.88 and $1.60, respectively, by the end of June 2022. As per the Sandbox forecast, the price of SAND is predicted to reach a minimum price level of $1.61 by the end of 2022. The SAND price can reach a maximum price level of $1.92 by 2022.
Sandbox Price Prediction 2023
According to the cryptocurrency market sentiment and our SAND price prediction, the Sandbox SAND is forecasted to reach a minimum price of $1.74, with a maximum price of $2.07 in the year 2023. The average price throughout the year is expected to be near $1.96.
Sandbox (SAND) Price Prediction 2024
As per the data models related to the Sandbox price prediction, the minimum price level of Sandbox SAND will be $1.62. The maximum price will be $2.36, with an average trading price of around $2 throughout 2024.
Sandbox Price Prediction 2025
According to the technical analysis and the Sandbox forecast for the year 2025, the lowest price of Sandbox SAND will be $2.27, and the highest price level will be $2.81. The average price will be $2.52 in 2025.
The Sandbox Price Prediction 2026
The data prediction models show that the minimum price of SAND is expected to be $2.54, and the maximum price will be $3.70 while maintaining the average price of $2.96 in the year 2026 as per the SAND token price prediction.
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Is The Sandbox a good investment?
In the long term, there is a very good chance that the Sandbox will be a good investment option. As the crypto community becomes more involved in the metaverse, the price of the SAND token will continue to rise and make great profits for decades, as per our SAND forecast. The adoption of NFTs is also increasing, thus, it will positively impact the Sandbox price.
Where can I buy The Sandbox (SAND)?
The Binance is the best exchange as it witnesses the largest trading volume of the SAND. Other exchanges for buying SAND include Gate.io and Uniswap.
How much will Sandbox be worth in 2030?
As per the Sandbox price prediction 2030, the price of SAND is expected to cross the level of $7.24. By the end of 2030, The Sandbox is expected to reach a minimum price of $6.41. In addition, the SAND price will manage to hit the maximum price level of $7.34.
How Many Sandbox coins are there in circulation?
The current market capitalization of SAND is near 1,587,602,708 USD. The circulating supply is around 1,227,664,778 SAND coins, and the maximum supply is capped at 3,000,000,000 SAND coins.
How is the Sandbox network secured?
The Sandbox is built on top of the Ethereum blockchain with its secured proof-of-stake (PoS) consensus mechanism. The SAND token is an ERC20 token, meaning that owners can use it to stake and benefit from staking rewards. The PoS consensus mechanism allows for a lot of diverse applications while ensuring the security of the staked funds.
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Source link: https://www.cryptonewsz.com/forecast/the-sandbox-price-prediction/