Launched in 2011 by the company Pixowl, The Sandbox is a blockchain-based virtual world that allows users to create, build, buy and sell digital assets in the form of a game. By combining Decentralized Autonomous Organizations (DAO) and non-fungible tokens (NFTs) , Sandbox creates a metaverse similar to the game Minecraft.
The sandbox ecosystem
In this sandbox forecast, we take a closer look at the sandbox ecosystem. This includes the three main components:
The first core element of The Sandbox is VoxEdit, a 3D voxel modeling software package that allows anyone to create their own voxel assets. The users can then also animate them. It can be anything from designing people, play tools, monsters, or architectural structures.
The sandbox marketplace
The sandbox marketplace is the next core element of the sandbox ecosystem. Here users of the blockchain-based game can buy, sell and trade their Voxedit creations. Thousands of different assets are already available in the sandbox marketplace. Partly also from well-known cooperations such as The Walking Dead, Snoop Dog or Binance.
The game mode
The game mode is the third and most active element of the sandbox ecosystem. This is the sandbox metaverse where players can design, buy and own digital goods on their own virtual land. In addition, in game mode, players can explore other players' lands and interact with other users in the sandbox metaverse.
The SAND token
The native SAND token is an ERC-20 token and has several use cases. For one, SAND is used as a medium of exchange for in-game transactions. Additionally, SAND tokens will be used to purchase LAND and build in-game assets. Also, SAND can act as a governance token, allowing token holders to vote on updates.
Where is the SAND token tradable?
The SAND token has received a lot of attention over the past year. The reason for this was also the Metaverse hype that arose from the name change from Facebook to Meta. As a result, the SAND token has also been listed on all major crypto exchanges. For example, on the world's largest crypto exchange Binance, on Crypto.com , KuCoin or on Huobi Global.
Sandbox predictions from crypto experts
Crypto experts keep publishing price forecasts for certain coins, including the sandbox token (SAND). In order to give you a broad overview of the opinion of the crypto experts in this sandbox forecast, we have summarized various forecasts for SAND in this section.
According to Wallet Investor's sandbox price prediction, the price of SAND may reach around $30 by the end of 2025.
PricePrediction has also released a price prediction, where they are significantly more pessimistic than the previously mentioned sandbox predictions. They expect the price of the token to reach around $12 by the end of 2025.
According to CoinPriceForecast sandbox forecast, the coin’s price is expected to reach around $27 by the end of 2025.
Note: These are only statements from companies and experts in this field. No forecast or forecast can be classified as certain. These are only estimates.
After its high at around USD 3.20, SAND has eased off a bit. The trading volume is clearly declining, which is also partly due to weekends, when there is less trading.
At the moment we are trading at around USD 3.00 and thus directly at the 0.5 Fib. levels. The golden pocket (0.618 – 0.65 Fib. level) could be the next target as this zone is often tested as support.
At the same time, an inverse head and shoulders chart pattern could form from here and cause a bullish breakout to the upside. This would end the downtrend in SAND and potentially start a new uptrend.
On the SAND/BTC daily chart, we are in the middle of a huge support zone that formed in November/December 2021. We are currently at around 0.000077 BTC.
We can clearly see that we are currently fighting for the monthly support P and have already left it on the downside. At the same time, the green support box from the above consolidation gives us a hold.
The RSI is close to an oversold territory. Directly below us is the 200 EMA (yellow). A test of this line with a subsequent bounce could provide the hoped-for trend reversal and liquidity in the market.
Conclusion on the sandbox forecast
The Sandbox is currently one of the best NFT games on the market. The similarity to the classic game Minecraft is clearly recognizable and the game genre thus enjoys a broad user base. The well-known cooperation is also a big plus for the project. If the game achieves just a small part of Minecraft's success, then the chances for SAND investors look very good.
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