The Sandbox Soars 24%, Leading Metaverse Token Rally
Several metaverse-related tokens are flying high on Wednesday, with The Sanbox's SAND posting 24% gains over the day.
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Several metaverse-related tokens are flying high on Wednesday, with The Sanbox's SAND posting 24% gains over the day.
Saudi Arabia has signed an agreement with the popular blockchain game The Sandbox, according to a LinkedIn post published on February 7.
SAND hit a 3-month high after the Sandbox teamed up with the Saudi Arabia Digital Government Authority.
The value of The Sandbox [SAND] increased significantly at the start of 2023. Nevertheless, price movement has slowed recently, and a review of several crucial parameters revealed that some significant events for the game token might take shape.
Amid the ongoing uncertainty in the crypto market, the Sandbox coin price showcased a power struggle to surpass a local resistance of $0.81. As a result, the coin price consolidated below the $0.81 ceiling for the past three weeks, trying to recuperate exhausted the bullish momentum.
Metaverse gaming platform Sandbox has entered into an agreement with Saudi Arabia. Its native token SAND has surged over 30% in response.
With the growing craze of metaverses, countries are globally competing with one another to become the next so-called “metaverse hub”. After the United Arab Emirates recently showed interest in building its own metaverse, Saudi Arabia has also come forward to take part in this crypto bandwagon.
Metaverse momentum has found new life. The Sandbox has signed an initial partnership deal with Saudia Arabia's Digital Government Authority (DGA) around a yet-to-be-determined scope.
The Sandbox and Saudi Arabia signed a memorandum of understanding but without revealing details explaining the scope of the agreement.
On Saturday Striscia la Notizia aired a report by Marco Camisani Calzolari (MCC) dedicated to the metaverse in which the well-known popularizer highlighted the shortcomings of Decentraland and The Sandbox.
After moving huge amounts of Bitcoin (BTC) and (ETH) over the weekend, crypto whales are now shifting millions in XRP and the metaverse project The Sandbox (SAND). The crypto whale tracker Whale Alert has spotted four massive XRP transactions in the last 24-hours, moving a total of $126 million.
In the last 12 hours, The Sandbox executed a massive unlock rollout, releasing a total of 170 million SAND tokens worth $130 million.
After spending a considerable portion of 2022 in the doldrums, a number of tokens in the metaverse sector have seen considerable gains over the last several weeks, with 18 of the top 20 tokens in the sector seeing gains of up +319%, over the last 30 days.
At the start of a new year, each crypto enthusiast is looking for a list of cryptocurrencies to add to their portfolio for maximum returns.
If The Sandbox (SAND) price breaks out from its current channel, it could increase to $0.98.
What are Sandbox Games? Sandbox games are video games that allow players to choose how they want to play.
Despite operating losses in 2022 for the Reality Labs business, Meta Inc (NASDAQ: META) CEO Mark Zuckerberg reassured that the company is sticking to its long-term goals for Metaverse, leading to a surge in the prices of associated tokens. What Happened In the last 24 hours, Decentraland (CRYPTO: MANA) rose by 6.40% trading at $0.80.
The fastest-growing segment of Web3 at the moment is play-to-earn gaming. While other blockchain industries have had difficulty, user numbers have continued to rise.
During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland's MANA and The Sandbox's SAND rising 92-150% against the greenback.
Despite what the merchants of doom are predicting, there are still many great investment opportunities out there, especially in a bear market and especially in the crypto presale space.
Decentraland's MANA has surged 152% for the month, while The Sandbox's SAND is up over 90%.
The Sandbox and Decentraland tokens went a mini bull run during January, each more than doubling in price at one point amid a massive spike in trading volume.
A closely followed crypto strategist is predicting rallies for metaverse altcoin The Sandbox (SAND) while updating his forecast for Bitcoin (BTC). Pseudonymous analyst Cantering Clark tells his 159,900 Twitter followers that he believes SAND could rally by at least 38% from current prices.
Top 5 Altcoins For Crypto Gamers: Since the beginning of the year, the majority of cryptocurrencies have increased in value. It has boosted the cryptocurrency market's confidence.