![]() If the firm is successful, it will make it one of the biggest companies in the blockchain industry. Media reports say that the company is looking to raise $400 million at a $4 billion valuation. Now, it seems that the company has recorded spectacular growth even as the Sandbox price has dropped sharply from its all-time high. In 2021, they raised millions of dollars from the likes of Softbank, the company run by Masayoshi Son. The Sandbox has grown this rapidly because of the strong funding that the developers have. One just needs to make a few selections and then share it with the community. Sandbox also has tools that let anyone create their own games without doing any coding and for free. Its flagship game is known as Alpha and is held once every few months. The network has features that people buy virtual property, trade NFTs, and even play games. Sandbox is one of the biggest metaverse project in the world. SAND, its native token, has risen by over 10% in the past 24 hours, bringing its total market cap to more than $3.50 billion. This is another indicator suggesting that this network is constantly growing and that it may have a bright future in both the short and the long run.The Sandbox price jumped sharply in the overnight session as investors cheered the growth of the platform. Last but not least, to mark the influence that The Sandbox has in the crypto market, the number of users in the SAND metaverse has surpassed 2 million. released theme music for you to remix with your ! Out now and link below Due to his influence, the price of SAND could potentially increase as more projects between the two unfold. Snoop Dogg is known for his contribution to the NFT market and is a known supporter of many crypto projects, including SAND. Read more on this exciting endeavour! □ /xLisQLE3gQĪdditionally, The Sandbox has jumped in the trend of partnering with hip hop artist, Snoop Dogg. □□□ We’ve teamed up with to spread K-Culture globally by operating a virtual space and developing digital assets in the #Metaverse, whilst establishing “Anicube”! While the partnership is mainly between The Sandbox and the Cube, this will allow the K-culture to reach the realm of the metaverse and further increase the utility of both of these projects. Recently, The Sandbox has partnered with K-Pop, allowing the latter to expand their influence in the Metaverse. While the conflict between Ukraine and Russia may have had a negative impact on the market, SAND has been trying t keep itself as bullish as possible when it comes to its community. However, the narrowing wedge also suggests that a breakout may occur this month, which may eventually see SAND break the upper trend line and aim for a reversal. Eventually, it may go as low as $1.75 in the coming weeks. If that level is broken, then we may see SAND decline in the coming days and go below $2. Price Prediction SAND – March 2022īased on this technical analysis on The Sandbox (SAND), the price of SAND may keep declining in the coming days if the price does not find support at $2.57. The latter is an indicator for a trend reversal in most cases. Whether that occurs depends on plenty of other factors, but the fear and greed index shows signs of extreme fear. This could eventually see SAND have a breakout in the coming weeks. In the long-term chart, we can see a descending wedge pattern taking shape for SAND. While the price recently had another surge of 30% in the 1-day chart, SAND is still bearish as the price is now getting closer to the support at $2.57. The downtrend continued in February as well, where the price has declined by more than 45% in the 1-day chart. After finding support at $2.57, the rebounded and reached as high as $4.86. In January of 2022, the price continued to be bearish, as SAND declined by more than 60% in the first three weeks of the year. By the end of the year, SAND recovered by almost 60%, but it faced resistance at $7, marking a lower high in the 1-day chart to end the last quarter of the year. The price initially declined to around $4.40. After that, the price of SAND started declining at large rates. The price of The Sandbox (SAND) reached an all-time high in late November of 2021 at a price of around $8.50.
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