The cryptosphere 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. The digital assets from the sectors have portrayed impeccable returns. One such crypto asset is The Sandbox’s SAND, which boasts an ROI of 9943.88%.
The Sandbox has been enticing not just gamers but marketers from the broader fraternity. Are you seeking guidance on investments in SAND? Look no further, as we decode the plausible price predictions of SAND crypto for 2022 and the years to come.
The Sandbox (SAND) Price Prediction
The Sandbox Price Prediction For 2022
SAND price had commenced its trade for 2022 moving sideways, with a price tag of $5.905. Losing hold on its levels, the price stumbled to $4.27 by the 10th of January. Whilst the asset did pose a short-term rebound to $5.215 on the 12th of January. The altcoin slipped again this time to $2.642 by the 22nd of January.
Whilst the asset did build up candles to $4.838 by the 8th of February. Tensity in the industry pushed SAND’s price to its support at $3.36. Hovering closer to the crucial support levels, the asset closed its quarterly trade at $3.395. The second quarter had been rough for SAND, as the broader industry has been under turmoil. The metaverse token lost close to 72% gains in the second quarter.
The price projections of SAND in the third quarter has been fairly bland, as it has ranged in a narrow channel. After visiting the quarter’s peaks at $1.493, the altcoin at the time of press is changing hands at $0.847.
SAND Price Prediction For Q3
The price of SAND could claim its potential high of $0.92381 by the end of the quarter. The target would seek supplements from events, land sales, partnerships, and celebrity relationships. Whilst the digital asset would find support at average levels of $0.78287. The altcoin could plunge to $0.85651, if negativity strikes its trade.
The Sandbox Crypto Price Prediction For Q4
The fourth quarter could remain crucial for the altcoin, as the social sentiments of marketers would be at the optimistic end. Resulting which the price of SAND could end the annual trade at its potential high of $1.2224. On the flipside, stiffer competition, fight of mainstream cryptocurrencies and negative criticism could drag the price to $0.8736. That said, a steady momentum could land the price at $1.0509.
SAND Coin Price Prediction For 2023
If The Sandbox picks up 2023 with a positive note, and sees growing user base from the launch of its mobile version. Followed by more games, partnerships, and land sales, the price could rise to its potential high of $2.04019.
Whilst usual buy and sell orders could take the price to average target of $1.5401. Negative social sentiments and volatility in the market could drag the price to $1.0795.
The Sandbox Coin Price Prediction For 2024
The composition of addresses by time held is as follows. Presently, SAND is held the most by cruisers (1 – 12 M), the count of cruisers stands at 120.17k addresses. This is followed by traders (<1 M), with 10.34k addresses. And then by hodlers (1Y+) at 9.07k addresses.
Learning from the graphical representation, whilst the count of hodlers 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 $3.2526. On the flip side, it could take a plunge to $1.72043. Successively, considering the bullish and bearish targets the regular price might find its base at $2.4715.
The Sandbox (SAND) Price Prediction For 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 $5.2758, 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 $2.82202. That said, with regular buy and sell orders the price could settle at $4.02662.
According to the Wallet Investor, SAND price could end its trade for 2022 with a potential high of $3.767. The analysts pin minimum and average targets for the year at $1.776 and $2.754. Wallet Investor forecasts the maximum targets for 2023 and 2025 at $3.383 and $4.724.
Gov.Capital has revised their prediction for the SAND price, they pin a bullish outlook for the long term. The analysts from Gov.Capital expect 2022 to end with an average price tag of $4.318 . The minimum and maximum price expectations for the year are set at $3.6703 and $4.965. The firm expects SAND to close 2023 and 2025 with potential highs of $12.3912 and $30.7452 respectively.
Digital Coin Price:
Digital Coin Price forecasts the digital asset to close the annual trade for 2022 with a potential high of $1.04. The analysts from the firm expect SAND to close 2022 with minimum and average levels at $0.74 and $0.88. Digital Coin Price predicts 2023 and 2025 to close with potential highs of $1.38 and $1.87.
Click here to read our price prediction of Decentraland’s MANA!
What Is The Sandbox (SAND)?
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.
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.
CoinPedia’s SAND 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 $1.2.
That said, if the network fails to execute its plan, then the price could sink to $0.85 by the end of 2022. If the digital asset continues to trade as usual without any major swings. The price could settle at average levels of $1.
Historic Market Sentiments
- 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 had 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 was 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.
To read our in-depth price forecast of Ethereum click here!