The Sandbox Price Prediction 2023, 2024, 2025: Will The SAND Price Surge This Year?

The post The Sandbox Price Prediction 2023, 2024, 2025: Will The SAND Price Surge This Year? appeared first on Coinpedia Fintech News

The crypto sphere turned over a leaf of its directory in the bygone year. The new leaf from the directory boasts the diverse sectors such as NFTs, blockchain games, and the metaverse in crypto market. The digital assets from the sectors have portrayed impeccable returns.

Decentraland and Axie infinity are said to be the top competitors of Sandbox market in terms of technology.

The Sandbox has been enticing not just gamers but marketers from the broader fraternity. Are you one of those who considers Sandbox token in your investment portfolio? Look no further, as we decode the possible Sandbox price prediction 2023 – 2025 and the years to come.

Overview

Cryptocurrency	The Sandbox
Token	SAND
Price	$ 0.40388548 2.17%
Market cap	$ 846,152,968.4353
Circulating Supply	2,095,031,926.2233
Trading Volume	$ 106,142,091.1615
All-time high	$8.44 on 25th November 2021
All-time low	$0.02894 on 04th November 2020
24 High	$ 0.4194
24 Low	$ 0.3860

The Sandbox Price Prediction November 2023

The coin had been constantly trading in a rising pattern since the market surge, indicating a bullish sentiment in the market. Further the price is hovering close to its support level at $0.4282 as the token witnessed a decline in price movement.

The MACD displays a constant red histogram, indicating a higher selling pressure over the buying pressure in the market. Further, the averages show a decline, suggesting the price to continue losing momentum in the coming days.

If the bulls manage to hold the price and further push its value up then the price is expected to test the resistance level of $0.4282. Further, if the bulls hold the price at that level then the coin will continue to gain value and test its upper resistance of $0.4610.

But, if the bears regain the power over the bulls then the price is expected to test its support level of $0.3694 soon. Moreover, if the bears continue to dominate the market, it will fall and test its lower support level of $0.3526 in the coming time.

SAND Coin Price Prediction 2023

The SAND price has been trading in a descending triangle since February indicating a bearish influence. Further, the Sandbox price traded in a consolidated range since mid-August, indicating a weak price action for the coin.

Following the market surge in the month of October, the price gained massive momentum and recorded a jump of over 80% in value, indicating a trend reversal in the market.

The MACD displays a constant green histogram, indicating a bullish influence in the market. Further, the averages show a bearish convergence, suggesting a mixed sentiments in the crypto space.

With the release of the Sandbox game maker 0.8 a positive uptrend was witnessed in the market. If The Sandbox picks up 2023 with a positive note, and sees growing user base from the launch of its mobile version in virtual world.

Further more games, partnerships, and land sales, the price could rise to its maximum value of $0.634. While the usual buy and sell orders could take the price to average price target of $0.482. Negative social sentiments and volatility in the market could drag the minimum price to $0.333.

The Sandbox Price Prediction 2023 – 2030

If they manage to establish themselves more in gaming market, this can result the price of Sandbox price prediction for 2023 could range from $0.333 to $0.634 for the year.

The Sandbox Coin Price Prediction 2024

Learning from the graphical representation, whilst the count of holders and cruisers has been rising steadily. That of traders has been on a decline. Successively, the rise of long-term investors could push SAND’s price to $1.133.

On the flip side, the sand token could take the minimum level to $0.610. Successively, considering the bullish and bearish targets the average price might find its base at $0.902. 

The Sandbox Price Prediction 2025 

It is known to the masses that the crypto-verse has been taking giant strides towards diverse sectors. As NFTs, blockchain based games, and metaverse thrives over the years. The Sandbox would glorify further. Moreover, if the planned updates materialize as per the whitepaper. Then the price could hit its potential high of $1.520, by the end of 2025.

On the contrary, if the network fails to captivate the traction of the user base. And falls prey to widespread conjectures, the bears may easily take over. In such a case the SAND price may plummet to $1.053. That said, with regular buy and sell orders the price could settle at $1.262.

The Sandbox Price Prediction 2026

According to our analysts, SAND Crypto Price for the year 2026 could range between $1.476 to $1.814 and the average price of Sandbox could be around $1.660.

The Sandbox Price Prediction 2027

According to our analysts, Sandbox price for the year 2027 could range between $1.823 to $2.199 and the average price of SAND could be around $2.014.

The Sandbox Price Prediction 2028

According to our analysts, SAND Coin Price for the year 2028 could range between $2.311 to $2.881 and the average Sandbox price could be around $2.567.

The Sandbox Price Prediction 2029

According to our analysts, Sandbox crypto price for the year 2029 could range between $2.861 to $3.562 and the average SAND price could be around $3.212.

The Sandbox Price Prediction 2030

According to our analysts, SAND coin price for the year 2030 could range between $3.661 to $4.632 and the average price of Sandbox could be around $4.142.

Market Analysis

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Price Prediction

The SAND seems to be unstoppable with a series of events lined up for launch. This NFT based platform is the best-suited investment in the current uncertain market scenario. According to CoinPedia’s formulated The Sandbox price prediction.

If the network launches the updates such as liquidity mining, staking, and game maker, the price could propel to $0.634.

That said, if the network fails to execute its plan, then the price could sink to $0.333 by the end of 2023. If the digital asset continues to trade as usual without any major swings. The price could settle at average levels of $0.482.

Fundamental Analysis

The Sandbox was launched in the year 2011 by Pixowl company. There are two co-founders of the platform Arthur Andres Madrid and Sebastien Borget. As per their whitepaper, the vital goal of the platform is to revolutionize the mainstream gaming space with blockchain-backed technology. 

Furthermore, the platform released the Alpha update in December 2018. And allocated creator funds to incentivize developers for developing items on its blockchain. Initial funding happened in May 2019, the platform has confirmed a $4.5 million seed round. From reputed tech firms including True Global Ventures, Square Enix, and Hashed. 

In December 2019, the ecosystem confirmed its first LAND sale featuring a total of 2.5% of the estate. Further, the platform released a Beta version of VoxEdit in February 2020. To drag the traction of a larger user base. The liquidity mining and staking program was launched in September 2020.

Factors Affecting The Price Of Sandbox

• Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.
• Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
• Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.

What Is The Sandbox? 

The Sandbox has been a blockchain-backed virtual space where users can play, create, buy, sell and monetize their gaming experiences. The motive of the platform is to unleash players’ creativity by allowing them to build the platform of their vision. 

The Sandbox metaverse world has been deployed on top of the Ethereum blockchain. It makes use of the PoS (Proof-of-Stake) consensus mechanism. However, the platform has its own native token SAND, a classic version of the ERC-20 token.

The Sandbox metaverse facilitates a digital piece of real estate called LAND. The key goal behind the idea is to enable game developers and creators to design and monetize their virtual experiences. In particular, players are allowed to lease and stake on their LANDs. One needs to have SAND in their wallet in order to make purchases.

Historic Market Sentiments 2020- 2022

• The Sandbox entered the market in September. The SAND price was almost stable and  hovered around $0.04 throughout the year.
• The Sandbox price had kickstarted the year with a gradual rise from $0.04064. The price maintained a steady uptrend up to $0.8491 surging more than 500% within three months. As bears took over control, the SAND price took a steep fall to $0.1899 by early June.
• The second quarter commenced on a bullish note, SAND took a gradual rise to $0.831 by late September. 
• The announcement of Facebook’s rebranding to Meta and other announcements helped SAND surge over 500% to its ATH of $8.36 by November 25th.
• However, bearish trends and increased volatility led to the year’s closure at on the 15th of December. After a rebound to $6.90 on the 26th of December, SAND closed its $5.936.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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[Source: Coinpedia]