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According to Santiment's mid-month January report, mid to low-cap assets like The Sandbox [SAND] could carry on with their exceptional performances if the broader market continued to produce green bars.
Metaverse crypto projects are often some of the highest gainers due to the unique nature of the technologies being used. Users can access stunning open worlds, play their favorite games online, and earn financial rewards in a number of ways.
The cryptocurrency is going all in on a major Asian holiday, which may not necessarily be a good thing.
The recent parabolic growth in the Sandbox coin price gave a massive breakout from the long-coming falling channel pattern. After facing multiple reversals from the pattern's resistance trendline in the past six months, this bullish breakout hints at an early sign of trend reversal.
Catch up on the latest crypto market news at The Currency Analytics. It is interesting to see Crypto and NFT projects living through the bear market.
The Sandbox price is moving in tandem with the rest of the market against brewing negative sentiments regarding the state of metaverse and gaming crypto projects. Over the last 30 days, SAND's value has increased by a whopping 50.5%, as investors bank on the bullish wave in the market to recoup a massive 91.8% correction from the all-time high of $8.40.
The Sandbox is one of the leading players in the GameFi space. Its native token SAND is now going down the net of ETH whales as the altcoin rally continues into its third week.
The cryptocurrency market has witnessed a 1% rise in value in the past 24 hours, with its total cap reaching $1.02 trillion after a very strong weekend. This figure represents a 17% rise in a week and a 21% gain in a month, as improved US inflation data and other welcome macroeconomic indicators suggest the beginning of the end for 2022's global downturn.
The metaverse was hot again this week, but that surge in enthusiasm may not last.
The metaverse tokens have significantly benefited from the recent new recovery in the crypto market. The tokens associated with the technology have shown a significant jump in the last two weeks.
Bitcoin price after surging above $18,000 to mark highs at $18,385 is facing some bearish action, due to which the price has dropped slightly. However, the price of the majority of the altcoins has been inflated to a large extent. The ETH price swelled beyond $1400 while DOGE made it above $0.08.
Each of these cryptocurrencies appears to be moving downward for different reasons.
The international hotel chain aims to raise awareness about sustainability and create a green ecosystem in its new experience.
SAND price is likely to tank 20% or more following the next unlock that will release 12% of the supply of SAND tokens. The post Sandbox Price Prediction Ahead of 348M SAND Unlock Schedule appeared first on BeInCrypto.
Declining consistently in the last month, transaction counts on the metaverse-based platform The Sandbox [SAND] reached its lowest point in the last 30 days, data from DappRadar revealed.
Metaverse-related cryptos have been hit hard, but they may be set up for a nice rally.
Amid the new year recovery in the crypto market, the Metaverse tokens have shown higher gains than the rest of the market. Moreover, the sustained rally in a majority of meta tokens has breached their respective crucial resistance zone, which could offer long entry opportunities to interested traders.
The tokens in Metaverse ecosysytem is seeing a big jump today as Zilliqa (ZIL) soars by 49.20% in the last 24 hours. It is also the biggest gainer on Metaverse in the 24 hours.
Metaverse tokens: Many in the computer industry believe that the metaverse is a vision of the internet's future evolution. Humans can experience life in this single, shared, immersive, persistent, 3D virtual environment in ways that are impossible in the real world.
Prominent GameFi token moving upward, but it is too early to celebrate recovery
The metaverse and NFT projects may experience renewed interest in 2023 and hence the need to look into their potential. One such project is The Sandbox which recently made a major development-related update.
The crypto market witnessed a fresh recovery rally since the beginning of the year 2023. Similar to a majority of altcoins, the Sandbox coin experienced a sustained rally since last week, registering a 22.5% growth.
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 in crypto market. The digital assets from the sectors have portrayed impeccable returns.
“VR has always been part of Decentraland's vision,” a developer working on the platform's VR client told Cointelegraph.
