Thursday, December 8, 2022
 

The Sandbox (SAND) Price Prediction: Will SAND Price Hit $1.5 in 2022?

  • Bearish Sandbox (SAND) price ranges from $0.8145 to $0.9971 within the past seven days.
  • Analysis suggests that the SAND price might reach above $1.5 soon.
  • The SAND bearish market price prediction for 2022 is $0.6035.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, The Sandbox (SAND) is one of them.

The Sandbox is an Ethereum-based software that manages a decentralized virtual game universe. At its core, The Sandbox is a game in which players may purchase digital parcels of land (known as LAND) and build shared experiences on top of them. The Sandbox is an example of a blockchain-based metaverse similar to Decentraland.

If you are interested in the future of SAND and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Sandbox (SAND)? 

The Sandbox is a blockchain-powered virtual world where users may develop, construct, purchase, and exchange game-based digital assets. Combining the capabilities of decentralized autonomous organizations (DAO) with non-fungible tokens, The Sandbox creates a decentralized game platform (NFTs).

According to the official whitepaper, the primary objective of The Sandbox platform is to integrate blockchain technology with popular games efficiently. The platform’s primary purpose is to encourage a creative “play-to-earn” strategy that allows users to be both producers and players concurrently. The Sandbox employs blockchain technology by generating the SAND utility token, streamlining platform transactions.

The Sandbox is a one-of-a-kind platform since it integrates blockchain technology into the gaming industry. Pixowl recognized in 2011 that the gaming sector has vast unexplored potential for implementing blockchain technology. The Sandbox seeks to change the industry by allowing players to build and gather blockchain-based goods within a virtual realm, and it carves out a space for itself in the worldwide gaming sector.

The Sandbox develops a metaverse of interested participants contributing to the platform’s ongoing growth by focusing on user-generated content. In addition, by introducing the SAND token, the Sandbox encourages decentralized governance and enables users to voice their thoughts on the project’s evolution. In blockchain-based initiatives, decentralized governance is becoming a necessity due to the development of technology.

The Sandbox virtual world is based on the Ethereum blockchain, so the proof-of-stake (PoS) consensus mechanism protects it. The SAND token is an ERC-20 token with the standard version; thus, its owners may stake it and get staking rewards.

In contrast to the proof-of-work (PoW) consensus process utilized by the Bitcoin blockchain, proof-of-stake (PoS) does not necessitate massive quantities of electrical or computational resources to confirm transactions; it depends on those with the highest SAND token holdings. The PoS consensus technique enables a wide variety of applications while maintaining the safety of staked assets.

The Sandbox (SAND) Current Market Status

According to CoinMarketCap, The Sandbox (SAND) is hovering over $0.8218 at the time of writing, with a total of 1,499,470,108 SAND in circulation. SAND has a 24-hour trading volume of $286,664,807.40, a 66.39% increase. And during the past 24 hours, the price of SAND decreased by 8.95%. 

The most popular exchanges to trade The Sandbox (SAND) are Binance, OKX, ByBit, BingX, and BTCEX. Let’s continue with our SAND price research for 2022.

The Sandbox (SAND) Price Analysis 2022

By market capitalization, SAND ranks 42nd on CoinMarketCap’s list of the biggest cryptocurrencies. Will The Sandbox’s most recent improvements, additions, and modifications help the SAND price rise? First, let’s focus on the charts in this article’s SAND price forecast.

The Sandbox (SAND) Price Analysis – Keltner Channel

SAND/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
SAND/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the Keltner Channel. The Sandbox (SAND) price can be predicted using the Keltner Channel indications for SAND/USDT. The price is touching the bottom half of the channel, meaning people are dumping SAND. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

The Sandbox (SAND) Price Analysis – Relative Strength Index

SAND/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
SAND/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 34.99, and the RSI value below 50 means that the market is currently in a downtrend. 

The Sandbox (SAND) Price Analysis – Moving Average

SAND/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)
SAND/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a 1-day The Sandbox (SAND) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, SAND is now running sideways for an extended period. The SAND 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. But the candlesticks are slowly reaching near 50-day MA, meaning that the price is heading for a reversal, but we need to consider that it’s still under 200-day MA. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

The Sandbox (SAND) Price Prediction 2022

SAND/USDT 1-Day Chart  (Source: TradingView)
SAND/USDT 1-Day Chart  (Source: TradingView)

Looking at the daily chart of SAND/USDT, the SAND price was swinging from $0.8145 to $0.9971 within the past seven days after going to its lowest of the month at $0.8145. Bouncing back from the support level, SAND is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term SAND price prediction for 2022 is bullish if it cannot break the support level. We can expect SAND to reach above $1 this year.

The Sandbox (SAND) Price – Resistance and Support Levels

SAND/USDT 1-Day Chart (Source: TradingView)
SAND/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of SAND has decreased in the past few months. It might be breaking its $1.3625 resistance 1 level and increasing it to $1.5.

If SAND cannot break the $1.3625 resistance 1 level, the bears may seize control and dethrone SAND to a downtrend stance. In simple terms, the price of SAND might fall to almost $0.6035, indicating a negative signal from the previous support level.

The Sandbox (SAND) Price Prediction 2023

The Sandbox (SAND) could end the year 2022 with a relative strength index (RSI) value of more than 70. This shows that the trend is an uptrend and bullish and will trade above $1.5 by 2022. Hence, we could expect the price of SAND to surge to at least $3.0940 by the end of 2023, and more merchants could integrate SAND Pay into their payment systems.

The Sandbox (SAND) Price Prediction 2024

There will be a Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect SAND to trade at a price not below $4.6398 by the end of 2024.

The Sandbox (SAND) Price Prediction 2025

We should expect the price of SAND to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, SAND could end 2025 by trading at around $5.6336.

The Sandbox (SAND) Price Prediction 2026

Since the maximum supply of SAND is approached by 2026, the bearish market that follows a SANDid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of SAND could break the usual trend and trade at $6.9586 by the end of 2026.

The Sandbox (SAND) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to the Bitcoin halving. Hence, the price of SAND could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, SAND could trade at $8.6517 by the end of 2027. Also, SAND is likely to break its ATH value.

The Sandbox (SAND) Price Prediction 2028

In 2028, there will be a Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. The Sandbox (SAND) could hit $10.7496 by the end of 2028. 

The Sandbox (SAND) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after the Bitcoin halving, could surge the price of SAND to $17.0435 by the end of 2029. 

The Sandbox (SAND) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of The Sandbox (SAND) to trade at around $23.1941 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

SAND might reach $1.5 in 2022 and $23.1941 by 2030 if investors decide that it is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is The Sandbox (SAND)?

The Sandbox is a blockchain-powered virtual world where users may develop, construct, purchase, and exchange game-based digital assets. Combining the capabilities of decentralized autonomous organizations (DAO) with non-fungible tokens, The Sandbox creates a decentralized game platform (NFTs).

According to the official whitepaper, the primary objective of the Sandbox platform is to integrate blockchain technology with popular games efficiently. The platform’s primary purpose is to encourage a creative “play-to-earn” strategy that allows users to be both producers and players concurrently. The Sandbox employs blockchain technology by generating the SAND utility token, streamlining platform transactions.

How to buy SAND tokens?

SAND can be traded on many exchanges like other digital assets in the crypto world.  Binance, OKX, ByBit, BingX, and BTCEX are currently the most popular cryptocurrency exchanges for trading SAND. 

Will SAND surpass its current ATH?

Since SAND provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2029. Notably, SAND has a high possibility of surpassing its current ATH in 2028.

Can SAND reach $10 soon?

SAND is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, SAND might break through $5 and reach as high as $10. Of course, if the current market favoring crypto continues, it will likely happen.

Is SAND a good investment in 2022?

SAND is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that SAND is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of SAND?

The lowest SAND price is $0.02894, attained on November 4, 2020, according to CoinMarketCap.

Which year was SAND launched?

SAND was initially launched in 2011.

Who are the co-founders of SAND?

Arthur Madrid co-founded SAND.

What is the maximum supply of SAND?

The maximum supply of SAND is 3,000,000,000 SAND.

How do I store SAND?

SAND can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the SAND price in 2023?

SAND price is expected to reach $3.0940 by 2023.

What will be the SAND price in 2024?

SAND price is expected to reach $4.6398 by 2024.

What will be the SAND price in 2025?

SAND price is expected to reach $5.6336 by 2025.

What will be the SAND price in 2026?

SAND price is expected to reach $6.9586 by 2026.

What will be the SAND price in 2027?

SAND price is expected to reach $8.6517 by 2027.

What will be the SAND price in 2028?

SAND price is expected to reach $10.7496 by 2028.

What will be the SAND price in 2029?

SAND price is expected to reach $17.0435 by 2029.

What will be the SAND price in 2030?

SAND price is expected to reach $23.1941 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bearish Sandbox (SAND) price ranges from $0.8145 to $0.9971 within the past seven days.
  • Analysis suggests that the SAND price might reach above $1.5 soon.
  • The SAND bearish market price prediction for 2022 is $0.6035.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, The Sandbox (SAND) is one of them.

The Sandbox is an Ethereum-based software that manages a decentralized virtual game universe. At its core, The Sandbox is a game in which players may purchase digital parcels of land (known as LAND) and build shared experiences on top of them. The Sandbox is an example of a blockchain-based metaverse similar to Decentraland.

If you are interested in the future of SAND and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Sandbox (SAND)? 

The Sandbox is a blockchain-powered virtual world where users may develop, construct, purchase, and exchange game-based digital assets. Combining the capabilities of decentralized autonomous organizations (DAO) with non-fungible tokens, The Sandbox creates a decentralized game platform (NFTs).

According to the official whitepaper, the primary objective of The Sandbox platform is to integrate blockchain technology with popular games efficiently. The platform’s primary purpose is to encourage a creative “play-to-earn” strategy that allows users to be both producers and players concurrently. The Sandbox employs blockchain technology by generating the SAND utility token, streamlining platform transactions.

The Sandbox is a one-of-a-kind platform since it integrates blockchain technology into the gaming industry. Pixowl recognized in 2011 that the gaming sector has vast unexplored potential for implementing blockchain technology. The Sandbox seeks to change the industry by allowing players to build and gather blockchain-based goods within a virtual realm, and it carves out a space for itself in the worldwide gaming sector.

The Sandbox develops a metaverse of interested participants contributing to the platform’s ongoing growth by focusing on user-generated content. In addition, by introducing the SAND token, the Sandbox encourages decentralized governance and enables users to voice their thoughts on the project’s evolution. In blockchain-based initiatives, decentralized governance is becoming a necessity due to the development of technology.

The Sandbox virtual world is based on the Ethereum blockchain, so the proof-of-stake (PoS) consensus mechanism protects it. The SAND token is an ERC-20 token with the standard version; thus, its owners may stake it and get staking rewards.

In contrast to the proof-of-work (PoW) consensus process utilized by the Bitcoin blockchain, proof-of-stake (PoS) does not necessitate massive quantities of electrical or computational resources to confirm transactions; it depends on those with the highest SAND token holdings. The PoS consensus technique enables a wide variety of applications while maintaining the safety of staked assets.

The Sandbox (SAND) Current Market Status

According to CoinMarketCap, The Sandbox (SAND) is hovering over $0.8218 at the time of writing, with a total of 1,499,470,108 SAND in circulation. SAND has a 24-hour trading volume of $286,664,807.40, a 66.39% increase. And during the past 24 hours, the price of SAND decreased by 8.95%. 

The most popular exchanges to trade The Sandbox (SAND) are Binance, OKX, ByBit, BingX, and BTCEX. Let’s continue with our SAND price research for 2022.

The Sandbox (SAND) Price Analysis 2022

By market capitalization, SAND ranks 42nd on CoinMarketCap’s list of the biggest cryptocurrencies. Will The Sandbox’s most recent improvements, additions, and modifications help the SAND price rise? First, let’s focus on the charts in this article’s SAND price forecast.

The Sandbox (SAND) Price Analysis – Keltner Channel

SAND/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
SAND/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the Keltner Channel. The Sandbox (SAND) price can be predicted using the Keltner Channel indications for SAND/USDT. The price is touching the bottom half of the channel, meaning people are dumping SAND. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

The Sandbox (SAND) Price Analysis – Relative Strength Index

SAND/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
SAND/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 34.99, and the RSI value below 50 means that the market is currently in a downtrend. 

The Sandbox (SAND) Price Analysis – Moving Average

SAND/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)
SAND/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a 1-day The Sandbox (SAND) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, SAND is now running sideways for an extended period. The SAND 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. But the candlesticks are slowly reaching near 50-day MA, meaning that the price is heading for a reversal, but we need to consider that it’s still under 200-day MA. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

The Sandbox (SAND) Price Prediction 2022

SAND/USDT 1-Day Chart  (Source: TradingView)
SAND/USDT 1-Day Chart  (Source: TradingView)

Looking at the daily chart of SAND/USDT, the SAND price was swinging from $0.8145 to $0.9971 within the past seven days after going to its lowest of the month at $0.8145. Bouncing back from the support level, SAND is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term SAND price prediction for 2022 is bullish if it cannot break the support level. We can expect SAND to reach above $1 this year.

The Sandbox (SAND) Price – Resistance and Support Levels

SAND/USDT 1-Day Chart (Source: TradingView)
SAND/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of SAND has decreased in the past few months. It might be breaking its $1.3625 resistance 1 level and increasing it to $1.5.

If SAND cannot break the $1.3625 resistance 1 level, the bears may seize control and dethrone SAND to a downtrend stance. In simple terms, the price of SAND might fall to almost $0.6035, indicating a negative signal from the previous support level.

The Sandbox (SAND) Price Prediction 2023

The Sandbox (SAND) could end the year 2022 with a relative strength index (RSI) value of more than 70. This shows that the trend is an uptrend and bullish and will trade above $1.5 by 2022. Hence, we could expect the price of SAND to surge to at least $3.0940 by the end of 2023, and more merchants could integrate SAND Pay into their payment systems.

The Sandbox (SAND) Price Prediction 2024

There will be a Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect SAND to trade at a price not below $4.6398 by the end of 2024.

The Sandbox (SAND) Price Prediction 2025

We should expect the price of SAND to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, SAND could end 2025 by trading at around $5.6336.

The Sandbox (SAND) Price Prediction 2026

Since the maximum supply of SAND is approached by 2026, the bearish market that follows a SANDid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of SAND could break the usual trend and trade at $6.9586 by the end of 2026.

The Sandbox (SAND) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to the Bitcoin halving. Hence, the price of SAND could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, SAND could trade at $8.6517 by the end of 2027. Also, SAND is likely to break its ATH value.

The Sandbox (SAND) Price Prediction 2028

In 2028, there will be a Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. The Sandbox (SAND) could hit $10.7496 by the end of 2028. 

The Sandbox (SAND) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after the Bitcoin halving, could surge the price of SAND to $17.0435 by the end of 2029. 

The Sandbox (SAND) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of The Sandbox (SAND) to trade at around $23.1941 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

SAND might reach $1.5 in 2022 and $23.1941 by 2030 if investors decide that it is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is The Sandbox (SAND)?

The Sandbox is a blockchain-powered virtual world where users may develop, construct, purchase, and exchange game-based digital assets. Combining the capabilities of decentralized autonomous organizations (DAO) with non-fungible tokens, The Sandbox creates a decentralized game platform (NFTs).

According to the official whitepaper, the primary objective of the Sandbox platform is to integrate blockchain technology with popular games efficiently. The platform’s primary purpose is to encourage a creative “play-to-earn” strategy that allows users to be both producers and players concurrently. The Sandbox employs blockchain technology by generating the SAND utility token, streamlining platform transactions.

How to buy SAND tokens?

SAND can be traded on many exchanges like other digital assets in the crypto world.  Binance, OKX, ByBit, BingX, and BTCEX are currently the most popular cryptocurrency exchanges for trading SAND. 

Will SAND surpass its current ATH?

Since SAND provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2029. Notably, SAND has a high possibility of surpassing its current ATH in 2028.

Can SAND reach $10 soon?

SAND is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, SAND might break through $5 and reach as high as $10. Of course, if the current market favoring crypto continues, it will likely happen.

Is SAND a good investment in 2022?

SAND is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that SAND is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of SAND?

The lowest SAND price is $0.02894, attained on November 4, 2020, according to CoinMarketCap.

Which year was SAND launched?

SAND was initially launched in 2011.

Who are the co-founders of SAND?

Arthur Madrid co-founded SAND.

What is the maximum supply of SAND?

The maximum supply of SAND is 3,000,000,000 SAND.

How do I store SAND?

SAND can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the SAND price in 2023?

SAND price is expected to reach $3.0940 by 2023.

What will be the SAND price in 2024?

SAND price is expected to reach $4.6398 by 2024.

What will be the SAND price in 2025?

SAND price is expected to reach $5.6336 by 2025.

What will be the SAND price in 2026?

SAND price is expected to reach $6.9586 by 2026.

What will be the SAND price in 2027?

SAND price is expected to reach $8.6517 by 2027.

What will be the SAND price in 2028?

SAND price is expected to reach $10.7496 by 2028.

What will be the SAND price in 2029?

SAND price is expected to reach $17.0435 by 2029.

What will be the SAND price in 2030?

SAND price is expected to reach $23.1941 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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