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For quite a long time, NFT space remained under shadows as the newly created space has dominated the crypto markets. Moreover, the rising interest of the market participants in memecoins had prevented the other segments of the crypto space to thrive.
As Bitcoin (BTC) closed the third consecutive week in the price discovery phase, the altcoin space gained significant bullish sentiment. During the past week, the altcoin market – led by Stellar Lumens (XLM), Decentraland (MANA), and The Sandbox (SAND), among others – registered palpable gains.
SAND, the token powering the metaverse platform The Sandbox, has seen a meteoric rise, surging 55% in the past 24 hours. This performance far outpaces leading assets like Bitcoin and Ethereum, which each gained just 1% during the same period.
SAND may be building momentum as key technical and on-chain signals pointed to a breakout.
Sandbox (SAND) gains momentum, with $0.50 in sight if it clears $0.35.
Amid bullish market sentiment, SAND is poised for a 30% rally as it forms a bullish pattern on the daily chart.
BBVA is launching a tokenized fund integrated into the Spanish securities regulator's sandbox. The fund will be open only to BBVA employees to research the benefits of applying blockchain technology to these applications.
ZA Bank, Hong Kong's digital bank, has launched a sandbox trial of its crypto trading service, aiming to provide retail investors with a regulated platform for virtual asset trading.
Amid confusing cryptocurrency market sentiment, the creator of The Sandbox (SAND), Animoca Brand, has gained notable attention from crypto enthusiasts due to its recent acquisition. On October 26, 2024, the blockchain transactions tracker EyeOnChain made a post on X (Previously Twitter) that Animoca Brand bought 20 million SAND tokens worth $4.95 million from Binance.
The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.
The Zanzibar government has introduced a blockchain sandbox program to encourage entrepreneurship and technological advancements. The program, powered by the Xinfin XDC network and designed by Ledgerfi IT solutions, allows startups to safely test their blockchain-based solutions within the National Blockchain Network.
Are NFTs making a comeback? Following the surge in BAYC's ApeCoin after the ApeChain launch, investment is now shifting towards Axie Infinity, The Sandbox, and emerging layer-2 blockchains.
Two popular tokens, Axie Infinity (AXS) and Sandbox (SAND), have seen significant price increases recently. This uptick comes as the entire crypto market experiences a rally, with Bitcoin testing the crucial price level of $69,000.
SAND's breakout could be a sign of a potential bullish reversal, one backed by greater activity.
The crypto market has recorded a jump of ~2% in the past day, resulting in the Bitcoin price retesting its $69,000. Following this, the Metaverse and the gaming industry have regained momentum with many projects retesting their important resistance levels.
The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.
In a recent conversation with KMSmithDC, U.S. Congressman Byron Donalds stressed the importance of developing a regulatory sandbox for the crypto industry. Donalds described the industry as a “toddler” that is still young but has a possibility of growing.
Mysten Labs chief information security officer Christian Thompson told Cointelegraph that gaming is a playground for technologists to explore Web3.
Sandbox Alpha season 4, Day 5 included the experience through the labyrinth of Club XYZ with the music of DJ Galantis. The event is based on players exploring different stages and uncovering secrets.
SAND could soar by 15% to reach the $0.305 level if it closes a daily candle above the $0.264 level.
Sandbox shared the full guide for Alpha season 4. This season's battle pass will have a 30-level system.
Digital Assets Week 2024 (DAW24) kicks off today in London, focusing on the integration of digital assets within the global financial system.
The regulatory sandbox aims to strengthen the United Kingdom's position as a global financial hub.
The European Blockchain Sandbox Initiative expands with 41 regulators and authorities from 22 countries, boosting blockchain innovation and regulatory collaboration.
