Therefore may experience a slight pullback but a short-lived one. Yet in the long term, the RSI remains in the overbought region and is consolidating. The RSI in a short term is going inversely parabolic but within the average levels indicating a healthy trend.Yet in the short term, this level is acting as strong support levels as the asset bounces on smashing these levels. The strong support levels are usually considered around the 200-day MA levels which are in a very position in the long term.Digging deep into the indicators surfaces the below main points: The asset may experience a slight pullback in the long term. The technical indicators for the Sand crypto are pretty bullish but in the short term. Moreover, the sandbox crypto news of possible collaborations with Adidas has led the crypto space on fire. The recent rally was fueled by an airdrop of 1000 SAND tokens for the lucky 5000 random gamers. The major factor that may uplift the SAND price may be the intrusion of huge players onto the project. Else if the narrow trend continues, then the asset may revisit the support levels around $5.65. Continuing with the current bullish momentum, the asset may soon smash a double-digit target beyond $10 before the end of 2021. The price rose from just $0.7 to as high as $8.51 in less than a month.Ĭurrently, the asset is experiencing a minor pullback, yet may quickly rebound after a small retest. And as a result, the SAND price has spiked like a giant ever since the beginning of November 2021. Despite a major drop that followed the May crash, the asset quickly managed the trembled situation.Įver since the beginning of Q4, the asset began to consolidate heavily indicating a healthy accumulation of strength for the next leg up. No doubt the price attempted to break through the $1 milestone ever since it gained bullish momentum in 2021 but failed. The sandbox crypto price remained pretty calm and silent with minor fluctuations ever since its inception. Moreover, by introducing the SAND token, the platform promotes decentralized governance where-in the users may share their views on the development of the project. The Sand platform focuses on user-generated content and also involves the players who can contribute towards the development of the platform. The platform received its initial seed round funding in May 2019 of about $4.5 million from reputed firms. The founders of the Sandbox platform are Arthur Madrid and Sebastian Borget, created having an aim to bring a revolution within the gaming space backed with blockchain technology. The ethereum-based token works as a Proof-of-Stake(PoS) mechanism has its native token SAND which is an ERC-20 token. Here the users can create, buy, sell, play and also earn through their gaming experiences. Launched in 2011 by a company called Pixowl, the Sandbox is a blockchain-based virtual space. How & When The Sandbox Came Into Existence? So how will the asset close the yearly trade? What may be the SAND price in the Q1 of 2022? This piece of composition aims to give a deeper insight into the SAND crypto price trend and its prediction. Yet the rally is looked upon as just a start. ![]() ![]() No sooner than Facebook was rebranded as ‘Meta’, the Metaverse industry spiked introducing more potential coins to the crypto space. And The Sandbox crypto is among the top gainers among all the NFTs which rallied more than 1000% in just a month. The gaming platform is slowly emerging as the highest profitable industry in the crypto space. Where to buy Sandbox (SAND) token in India.Will SAND Touch $10 by the end of 2021?.How & When The Sandbox Came Into Existence?.
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