The Sandbox is one of the best performing metaverse coins in the market. The coin has gained by more than 500% during the past month. These gains come as the metaverse concept continues to make gains across the crypto sphere and beyond. SAND is among the top gaining coins during the past 24 hours.
The Sandbox is trading at $7.61 at the time of writing after a 27.2% gain in 24 hours.
The Sandbox price analysis
SAND has been on a notable bullish rally in recent weeks despite the recession happening across the market. The gains coincide with what is happening with other metaverse coins that are also making notable highs.
On November 25, SAND reached an all-time high of $8.40. Currently, the coin is 10.1% off from reaching these highs. With the strong uptrend it has registered during this time, it could see such highs forming again soon.
Currently, the gains made by SAND are because of both buyer and market support. If these metrics continue to hold, the altcoin could test the next resistance level at $8. During the past 24 hours, the highest level reached was $7.87. While there is a slight slump, the price action is still strong, and these highs could be reached again.
On the other hand, the uptrend could fail if selling pressure comes into play. If this happens, the coin could drop to the lower support of $6.80. Before the 24-hour bullish rally, the coin was trading at around $6.03, and if there is a strong bearish trend, these levels could be attained again.
The current gains made by The Sandbox come as the Alpha launch is set for today. The Alpha launch will be a new initiative featuring various new gameplay features that allow players to have a better metaverse experience.
When The Sandbox announced it would be launching the Alpha release on November 29, SAND tokens made a strong bullish rally. With this release, the tokens are expected to make an even stronger uptrend.
As aforementioned, the metaverse is currently a heated topic in crypto spaces, and The Sandbox is one of the well-established networks in the area. The Sandbox recently recorded a $600,000 mega yacht sale on its virtual world. Moreover, Adidas also hinted that it would be creating its metaverse on The Sandbox, which also saw major price gains.
Where to buy SAND
If you want to buy SAND during the current bullish rally, you can create an account on the following platforms:
eToro is one of the leading cryptocurrency exchange platforms. It comes with a variety of features such as copy trading and low trading fees. eToro also supports a wide range of cryptocurrencies and trading pairs.
You can buy SAND tokens from Binance. Binance is the largest cryptocurrency exchange platform globally. Binance charges the lowest trading fees, and it supports a vast range of cryptocurrencies and trading pairs. Binance has a user-friendly interface that makes crypto trading easy for a beginner trader.
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