The Sandbox Price Prediction 2023-2030: Will SAND Price Hit $1.5 Soon?

• Bullish SAND price prediction ranges from $0.9864 to $1.0645.
• SAND price might also reach $1.5 this 2023.
• SAND’s bearish market price prediction for 2023 is $0.4434.

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 (MANA).

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

The Sandbox (SAND) Market Overview

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.

Analysts’ View on The Sandbox

Saudi Arabia has joined forces with The Sandbox to embark on groundbreaking cryptocurrencies and Metaverse initiatives.

Another analyst tweeted that the collaboration between Saudi Arabia and #SAND has sparked a frenzy in the crypto world, causing #SAND to shoot up the ranks and become one of the top 10 tokens snapped up by the largest 1k #ETH holders.

The Sandbox (SAND) Current Market Status

According to CoinMarketCap, The Sandbox (SAND) is hovering over $0.5478 at the time of writing, with a total of 1,853,581,926 SAND in circulation. SAND has a 24-hour trading volume of $192,125,725, a 192.57% spike. And during the past 24 hours, the price of SAND increased by 3.74%. 

The most popular exchanges to trade The Sandbox (SAND) are Binance, OKX, KuCoin, ByBit, and BingX. Let’s continue with our SAND price research for 2023.

The Sandbox (SAND) Price Analysis 2023

By market capitalization, SAND ranks 44th 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 – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

Looking at the candlesticks, SAND is currently in the upper band of the indicator, which is considered an uptrend. Earlier, the Bollinger Bands experienced a highly volatile sentiment and at the same time went through a trend reversal. One of the common patterns observed during a high volatile market is that the Bollinger Band Width would climb upwards. Currently, the Bollinger Band Width is pointed upwards, which could indicate that the bands would continue to expand over time.

The Sandbox (SAND) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The RSI is currently valued at 53.82, which is considered a strong region for most traders as it is valued between 50 and 70. However, it is pointed downwards indicating that the RSI could fall. Earlier, a bullish divergence was formed, indicating that the price would rise which led the RSI from the weak region to the strong region. There could be two possibilities that could happen, firstly, the RSI may fall below the SMA causing a bearish crossover catastrophe. The second possibility is that the RSI may fall, but, could recover once again. 

The Sandbox (SAND) Price Analysis – Moving Averages

Looking at the charts, the candlesticks are currently trading below the MA indicators, which is considered a bearish sentiment. Earlier, a golden cross formed when the 50MA crossed above the 200MA, however, a death cross was revealed after a few days. Even though the death cross is often viewed as a negative sentiment, the gap between the 50MA and the 200MA is narrow. This could be a sign that a golden cross could once again.

The Sandbox (SAND) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

Looking at the charts, the MACD line is above the signal line, indicating that the SAND is experiencing a bullish trend in a short-term period. Moreover, the green bars continue to grow, which confirms that SAND could continue to rise in a short-term period. Finally, the gap between the MACD line and the signal line continues to widen, which is considered as a bullish confirmation by most traders. The bullish crossover also confirms that the bull run would continue to move upward. 

The Sandbox (SAND) Price Prediction 2023-2030 Overview

The Sandbox (SAND) Price Prediction 2023

The SAN/USDT 1-Day Chart shows that the candlesticks are below the 200MA, indicating that SAND is witnessing a long-term bearish sentiment as per the Moving Average readings. SAND is also closer to the support region and has a long way ahead in order to touch the Resistance level. The MACD also shows that SAND is experiencing a short-term bullish period, indicating that the candlesticks would continue to rise up the following days. The ADX is also valued at 36.25, which confirms that the trend has a very strong strength. If the candlesticks continue to rise, then, there is a high chance that it could reach the Resistance level.

Meanwhile, the price prediction of SAND for 2023 remains to be bullish and is expected to reach beyond the level of $1.06. The bearish price prediction range for SAND is between $0.4434 to $0.3616. However, if SAND experiences extreme bullish sentiment, then it would reach the $1.5 level. 

The Sandbox (SAND) Price Prediction 2023 – Resistance and Support 

The candlesticks are currently trading between the Resistance 1 and the Support level. SAND is expected to reach Resistance 1 at the $2.01 level, which is an extremely bullish period for this year. Moreover, SAND has a high probability of reaching Resistance 2 at the $3 level, if it breakthroughs the Resistance 1. However, if SAND experiences a bearish sentiment, then, there is a high possibility that the altcoin could fall into the Support region.

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 $2 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 $3.

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 $4.5 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 $6.21 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 $8 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 $10.9 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 $14.25 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

The Sandbox (SAND) Price Prediction 2040

According to our long-term The Sandbox price estimate, SAND prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $34.2004 by 2040. If the market becomes bullish, the price of SAND may increase beyond our 2040 forecast.

The Sandbox (SAND) Price Prediction 2050

According to our SAND forecast, the average price of The Sandbox in 2050 might be above $75. If more investors are drawn to SAND between these years, the price of SAND in 2050 could be far higher than our projection.

Conclusion

SAND might reach $1.5 in 2023 and $14 by 2030 if investors decide that it is a good investment. Moreover, SAND could reach $75 by the end of 2050.

FAQ

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:

• Golem (GLM) Price Prediction: Will GLM Reach $1 Soon?
• Helium (HNT) Price Prediction: Will HNT Reach $30 Soon?
• BinaryX (BNX) Price Prediction: Will BNX Reach $250 Soon?
• Oasis Network (ROSE) Price Prediction: Will ROSE Reach $0.5 Soon?
• Sweat Economy (SWEAT) Price Prediction: Will SWEAT Price Reach $0.1 Soon?