Sand token5/5/2023 ![]() We can locate the price changes for two paths: M to C and M1 to C, to find the values to work with. Price changesĪs we expect a new pattern to surface after the price of SAND moves from M1 to A2 (not marked yet), we will need data for it. That could be the new A or A2 and mark the beginning of a strong trend for SAND tokens. Our next task is to locate the next high after M1. That might even start a new pattern, similar to the left side of the chart, rife with higher highs - marking an uptrend. Notice that if another high comes to fruition post-A1, we can mark it as A2. SAND price prediction and key points: TradingView Let us mark all the relevant points that might help us with the calculations. SAND starts making lower highs, four of them, to finally move toward pattern completion. Notice how the price of SAND tokens started trading in a range, making a series of two higher highs on their way to the peak. To kick off the technical analysis, here is a weekly chart for your reference: SAND weekly chart: TradingViewĪ clear pattern emerges, with the peak acting as a mirror with two symmetrical sides. SAND price prediction and technical analysis Therefore, if you look for a dip in the number of active addresses for SAND, you might be able to gauge a small upward move. However, the peak saw the prices go down, showing that a surge in prices might also mean increased selling pressure. The number of active addresses since July has been steady, barring a peak in late November. SAND price prediction and price volatility: Santiment And the historical data reveals that every time the volatility has peaked, the prices of SAND have corrected. The 4-week volatility is on its way up, and so are the prices. SAND price prediction and social sentiments: LunarCrushĪs an investor, the next chart doesn’t look all that optimistic. The price of SAND tokens responded positively, up by 103.33% at press time. The below chart shows the number of social mentions surged by almost 31% over the past month. The Sandbox price forecast and other key metricsĪs a metaverse token, the price move of SAND relies a lot on social chatter. The only issue here is that the top 100 SAND holders manage 93.32% of the circulating supply, which is quite a lot. Also, per the initial supply model, wher e 560 million SAND tokens were opened, 21.18% went to retail investors. SAND supply curve: MessariĬoming to the distribution, the team members and founders, including Sebastien Borget and Arthur Madrid, manage 31% of the total supply. ![]() ![]() At present, 50% of the total supply makes the circulating supply. Coming to the token economics model, there is a capped supply of 3 billion tokens. These include earning, trading, governance, playing, and standard trading. The Sandbox investors: Messari SAND price prediction and tokenomicsĪn ERC-20 token, SAND comes with a slew of use cases. On top of that, The Sandbox has an elite lineup of organizational investors, including Coinbase Venture and Binance Labs. This Ethereum-based play-to-earn model is directly correlated to the performance of other web3 gaming projects.The Sandbox thrives by combining the functionality of NFTs and DAOs (Decentralized Autonomous Organizations).SAND, the utility token, is meant for facilitating in-ecosystem transactions.Here are some additional insights to learn more about The Sandbox fundamentally: The Sandbox will likely tick your boxes if you are into user-generated content, especially in the digital realm. The Sandbox allows users to trade in LAND - NFT-like real estate with ERC-721 as the token standard and other digital collectibles. This functionality helps content creators to build new products on The Sandbox ecosystem - which is open for monetization and trading. The in-game assets relevant to this gaming platform can also be traded and monetized. But that’s not where the feature list ends. What is The Sandbox? The ecosystem presents as a gaming platform with decentralization at its core. The role of fundamental analysis and the Sandbox price forecast Is the SAND price prediction model accurate?.The Sandbox (SAND’s) long-term price prediction (up to 2035).The Sandbox (SAND) price prediction 2030.The Sandbox (SAND) price prediction 2025.SAND price prediction and technical analysis.The Sandbox price forecast and other key metrics.The role of fundamental analysis and the Sandbox price forecast. ![]()
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