- The Sandbox bullish price prediction 2022 is $8.4033
- SAND might hit $10 soon
- The bearish price prediction 2022 for SAND is $1.1373.
The Sandbox (SAND) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our SAND price analysis and prediction.
The cryptocurrency market has started to decline again. There are many crypto assets that surged to a new all-time high during the recent 2021 bull run. The Sandbox (SAND) attained a new all-time high price of $8.44 on November 25th, 2021, and has given its investors a return on investment of 13395% in the past 15 months.
This repetitive decline has made most cryptocurrencies to lose their recent gains. Is this case the same for SAND price? We’ll find out shortly in this SAND price analysis 2022 article. But first, let’s have a quick background on what SAND is.
What is the Sandbox (SAND)?
Is a virtual metaverse gaming platform where players can create, own and monetize their gaming experience. It was launched on the Ethereum blockchain. This is possible through its combination of blockchain, decentralized finance (Defi), and non-fungible token (NFTs) in a 3D metaverse space.
The Sandbox was founded by Arthur Madrid and Sebastien Borget who are the founders of Pixowl. The Sandbox enables the game creators to also be a player in its play-to-earn games that is facilitated on its platform by the SAND utility token.
It uses the proof-of-stake (PoS) consensus mechanism.
How does The Sandbox work?
The Sandbox is a dynamic virtual world with user-generated creations. Players can build and create their own NFTs, including avatars, virtual goods, and even games using VoxEdit (is a user-friendly software for artists and players to create, rig, and animate their voxel-based NFTs) and Game Maker (which lets users build and test their unique 3D games within the Sandbox metaverse) only can they use the virtual goods to interact with other players, but they can also monetize these NFTs by trading on the Sandbox Marketplace.
Current Market Status of the Sandbox (SAND)
At the time of writing, the price of the Sandbox (SAND) is $3.91 with a 24-hour trading volume of 4735,584,754. SAND is down by 7.22% in the past 24-hours and is ranked in position 35th in CoinMarketCap.
Some of the top exchanges that trade on the Sandbox (SAND) include Binance, Kucoin, Kraken, Gate.io, Bithumb, Huobi Global, and others.
Now, let’s proceed to the next part of this the Sandbox technical analysis 2022.
The Sandbox (SAND) Price Analysis
Currently, the Sandbox holds 35th position in CoinMarketCap. But, will the recent upgrades, developments, and partnerships in the Sandbox ecosystem help the cryptocurrency price to reach a new all-time high? Let’s proceed to the charts in this SAND price prediction article.
From the Keltner Channel chart for SAND/USDT above, it could be deduced that the price of SAND might decline further since the present downtrend is not close to the bottom curve.
The relative strength index (RSI) of Sand/USDT 1day chart above is 45.45 which represents a weak and neutral trend since it lies between 30 and 50. It could take some time for any possible reversal to an uptrend.
Since the 200-MA is below the 100-MA which indicates that the Sandbox (SAND) is bearish in the long-term though a possible reversal could happen by good partnerships and buyers pressure.
The Sandbox (SAND) Price Prediction
The chart below shows that the Sandbox (SAND) has performed fairly in the past few days. Moreover, the SAND increase is just 0.6% in the last 14 days. If this trend continues, SAND might run along with the bears, overtaking its $3.3854 support1 level and even plummeting lower to $1.1373 at support3 level which is the bearish signal for 2022.
Conversely, if the investors turn against the crypto, the bulls might take over and enthrone SAND from its downtrend position. In simpler terms, the price of SAND might surge to almost $8.4033, a bullish signal.
Meanwhile, our long-term The Sandbox price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $8.44 this year. However, that will only happen if it breaks many previous psychological resistances.
The Sandbox (SAND) Price Prediction 2022
If this bullish trend continues, the Sandbox will reach $8.4033 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $6.9782. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
The Sandbox (SAND) Price Prediction 2023
The price of the Sandbox can move even great heights, however reaching $40. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SAND breaks past the psychological resistance level.
The Sandbox (SAND) Price Prediction 2024
As per the latest upgrades, developments, the Sandbox price prediction, and new project forecasts of the platform. Moreover, this might boost the price of SAND in the crypto market, and it will be the best investment as the price can spike and reach around $100.
The Sandbox (SAND) Price Prediction 2025
If the 200-MA support level is maintained by the end of 2024, the price of the Sandbox could reach $150 by the end of 2025.
The Sandbox (SAND) Price Prediction 2026
With the increase in cryptocurrency knowledge and investment in the metaverse projects, the price of SAND might reach $300 by the end of 2026.
Conclusion
The Sandbox (SAND) has a good prospect in the future. With the ongoing developments and partnerships in the Sandbox ecosystem, we might see the SAND attain a new all-time high price soon.
Due to the possible formation of head shoulders at the support1 level, the price of SAND might not get bullish soon, unless there is a reversal on or before the support1 level.
Bullish SAND price prediction 2022 is $10. As said above, it may even reach $10 if investors have decided that SAND is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
The Sandbox (SAND) is a play-to-earn Metaverse game that allows users to build, own and sell their virtual assets and experience.
The Sandbox uses a proof of stake (PoS) mechanism.
Users can obtain SAND coins by purchasing them from cryptocurrency exchanges such as Binance, Huobi Global, Kucoin, Kraken, and others.
SAND is a good investment in 2022. Moreover, SAND has a high possibility of surpassing its current ATH at about $8.44 this year.
Yes, it’s very much possible that SAND might reach $10 in the near future as per the current bullish trend.
The Sandbox (SAND) price is expected to reach $8.4033 by 2022.
The Sandbox price is expected to reach $40 by 2023.
The Sandbox (SAND) price is expected to reach $100 by 2024.
Sandbox price is expected to reach $150 by 2025.
The Sandbox (SAND) price is expected to reach $300 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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