The crypto turns over a new leaf with perpetual revolutions across the space. In particular, Defi and Gaming industries have run the show with tremendous profits. The contemporary trend notes transformation in the Metaverse space. The Sandbox appears to be one of the top-tier projects in the section.
The decentralized governance and the evolving technology have become the base of blockchain-backed platforms. This has been the core goal of The Sandbox, a distinct project that aims to infuse blockchain into the gaming space.
Amazed by the short introduction? The article will further drive you with detailed fundamental analysis, their roadmap, and The Sandbox price prediction for the short-term and long-term. Let’s see where SAND price is heading next.
|Circulating Supply.||892,246,119.22 SAND|
|All-time high.||$3.45 on November 3rd, 2021.|
|All-time low.||$0.03082, November 3rd, 2020.|
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 main motive of the platform paves a way 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. In addition, the SAND protocol includes many benefits.
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 onto their wallet in order to make a purchase.
The Sandbox (SAND) Fundamental Analysis:
The Sandbox was launched in the year 2011 by Pixowl company. There are two co-founders of the platform Arthur 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.
Arthur Madrid, a co-founder, and CEO at Pixowl is the main impetus behind the idea of the platform. He has completed his graduation in economics in 2000 from University Paris Dauphine. He previously had accumulated knowledge of working as a consultant in Eurogroup consulting France. Immediately, the co-founder has founded a -click media with his past experience.
Another co-founder Sebastien Borget currently serves as a chief operating officer of the tech firm. He completed his graduation from Institut national des Telecommunications in 2007 in networking and telecommunications. Prior to being a founding member of the platform, he worked as a project lead for 1-click media. In 2011 the duo has introduced Pixowl and has been working on several futuristic gaming projects together.
Furthermore, the platform has released the Alpha update in December 2018. And allocated creator funds to incentivize developers for developing items on its blockchain. Initial funding happened during 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 has confirmed its first LAND sale featuring a total of 2.5% of the estate. Further, the platform has released a Beta version of VoxEdit in February 2020. To drag the traction of a larger user base, the liquidity mining, and staking program has been launched in September 2020.
SAND Price Prediction 2021:
The Sandbox price has kickstarted the year with a gradual rise from $0.04064. The price has maintained a steady uptrend up to $0.8491 surging by more than 500% within three months. As bears took over the control, the SAND price has taken a steep fall to $0.1899 by early June. Yet the second half started with a similar uptrend, the SAND price has seen a gradual rise up to $0.831 by late September.
The Sandbox Price Prediction Q4: The Sand price has moved parabolic post-Facebook’s rebranding to Meta. It was almost surged by more than 500% reaching an ATH of $3.45 on 3rd November 2021. Later with a quick correction at $2.29 the asset has taken another leg up to $3.10 at the press time. If the asset continues to carry forward the momentum, then the SAND price would reach a maximum of $6.8 by the year’s end. with average buy and sell pressures it would claim $4.34 and if bears take hold of the control, then it would plummet $1.95 by late December.
The Sandbox (SAND) Price Prediction 2022:
If the metaverse token smashes positive highs by the year’s end, then 2022 may commence with a twp-digit value. In case, if it falls down, then the new year rally may commence with a bearish note at around $1.95.
According to the platform’s whitepaper, the platform is yet to release a Game maker launch and the Sandbox foundation to work on 3D gaming projects. Hence it would rise up to $15, failure in the launch of upgrades and probable bears domination would plummet the price to $6.54. However, with regular buying and selling pressures, we can see SAND price trading at an average value of $10.56 by the end of next year.
The Sandbox Price Prediction 2025:
As NFT’s marketplace and gaming space is going to flourish in upcoming years, with its promising events in line, the future seems to be really progressive for The Sandbox and new milestones are awaited on its way. If the network successfully achieves the planned updates as per their whitepaper, then the price may hit $50.15 by the end of 2025.
On the contrary, if the network fails to captivate the traction of the user base, and falls into prey for widespread conjectures, the bears may easily take over. In such a case the SAND price may plummet to $20.145.
Sandbox (SAND) Market Prediction:
According to the wallet investor, they believe the SAND price might rule the Metaspace and may easily hit a maximum of $3.035. The minimum price is $2.314 and the average price would be $2.674 by the end of 2021. They anticipate that the price may hit the milestone of $7.077, the average SAND price is expected to smash $6.669. On a bearish note, the token would plummet to $6.215.
Gov. capital has revised their prediction for the SAND price, they expect tokens to hit a maximum of $3.39. On the contrary, they believe, trend reversals in the market would plummet the price to $2.95. And with average buy and sell pressures it would end up trading at $2.51. The website has also made a whopping prediction in the long term, they expect the price to surge maximum of $31.72. The average and minimum probabilities is being $27.58 and $23.44 respectively by the end of 2025.
Digitalcoinprice revised its price prediction on SAND. According to them the price will reach $4.46 by 2021 and rally further to cross $7.79 by the end of 2024. By the end of 2025, the price may hit $9.15.
Our 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 launched upgrades such as Liquidity mining and staking and game maker launch, the price may easily surpass the $6.8 mark this year.
If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $74.58.
As a long-term prediction, in the future, the network may plan for its expansion across various countries, where it may face regulatory issues, and uncertain market crashes and speculations regarding the coin’s pump to dump, the SAND price may further dip to $7.56 by 2022.
Considering everyday buy and sell pressure and keeping the above factors in mind the average price by the end of 2022 would be $179.25.
|Year.||Potential High.||Potential Low.|
Historic Market Sentiments:
The Sandbox entered the market in September 202. As the platform was new to the new space, no significant collaborations or updates have been announced, hence the price was almost stable. The SAND price hovered around $0.04 throughout the year.
Based on the data, it can be predicted that it is Profitable to invest in The Sandbox for the long term. By long-term, we mean that the Sandbox price forecast for a period of 5+ years.
The Sandbox (SAND) has a tremendous potential to reach new ATH’s as many updates are lined up for launch. According to crypto influencers and experts, SAND can hit the $35-$40 mark by the end of 2025.
The Sandbox (SAND) is available to trade on major crypto exchanges like Binance, Huobi Global, FTX, KuCoin, etc.
If the current bullish trend continues and if the network executes updates and partnerships as per the plan, SAND is expected to hit $10 by the year-end.