Cryptocurrency Price Prediction

The Sandbox Price Prediction: Will SAND Price Hit $10 In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 5, 2022

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The crypto sphere turned over a leaf of its directory in the bygone year. The new leaf from the directory boasts diverse sectors such as NFTs, blockchain games, and the metaverse. The digital assets from the sectors have portrayed impeccable returns. One such project is The Sandbox, the crypto asset boasts an ROI of 41195.53% and YTD returns of 377.1%.

The Sandbox has been enticing not just gamers but marketers from the broader fraternity. Are you seeking guidance on investments in SAND? Look no further, as we decode the price projections of SAND for 2022 and the years to come.

Overview

CryptocurrencyThe Sandbox
TokenSAND
Price$ 1.2745
Market cap$ 1,564,132,476.0000
Circulating Supply1,227,664,778.2233
Trading Volume $ 263,447,242.0000
All time high$ 8.4000 Nov 25, 2021
All time low$ 0.0290 Nov 4, 2020

The Sandbox (SAND) Price Prediction For 2022

Potential LowAverage PricePotential High
$7.944$8.531$10.089

 SAND price had commenced its trade for 2022 moving sideways, with a price tag of $5.905. Losing hold on its levels, the price stumbled to $4.27 by the 10th of January. Whilst the asset did pose a short-term rebound to $5.215 on the 12th of January. The altcoin slipped again this time to $2.642 by the 22nd of January.

Whilst the asset did build up candles to $4.838 by the 8th of February. Tensity in the industry pushed SAND’s price to its support at $3.36. Hovering closer to the crucial support levels, the asset closed its quarterly trade at $3.395.

The Sandbox’s (SAND) Price Prediction For Q2 Of 2022

  If the price of SAND closes its trade for April with a price tag of $4.28. We can expect the digital asset to close the quarter with a potential high of $5.154. That said, with usual trade practices without any major impetus, the price could settle at $4.681. On the flip side, bearish trends could drag the price down to $4.085.

SAND’s Forecast For Q3

 The price of SAND would need to carry forward a bullish stance from the third quarter. To claim its potential high of $7.242 by the end of the quarter. The target would seek supplements from events, land sales, partnerships, and celebrity relationships. Whilst the digital asset would find support at average levels of $5.685. The altcoin could plunge to $5.085 if negativity strikes its trade.

SAND’s Price Prediction For Q4

 The fourth quarter could remain crucial for the altcoin, as the social sentiments of marketers would be at the optimistic end. Resulting which the price of SAND could end the annual trade at its potential high of $10.089. On the flipside, stiffer competition, the fight of mainstream cryptocurrencies and negative criticism could drag the price to $7.944. That said, a steady momentum could land the price at $8.531.

The Sandbox’s Price Forecast For 2023

 If The Sandbox picks up 2023 with a positive note and sees a growing user base from the launch of its mobile version. Followed by more games, partnerships, and land sales, the price could rise to its potential high of $21.773.

Whilst usual buy and sell orders could take the price to an average target of $18.266. Negative social sentiments and volatility in the market could drag the price to $16.139.

Price Prediction For The Next 5 Years

It is known to the masses that the crypto-verse has been taking giant strides toward diverse sectors. As NFTs, blockchain-based games, and metaverse thrives over the years. The Sandbox would glorify further. Moreover, if the planned updates materialize as per the whitepaper. Then the price could hit its potential high of $50.15, over the next five years.

On the contrary, if the network fails to captivate the traction of the user base. And falls prey to widespread conjectures, the bears may easily take over. In such a case the SAND price may plummet to $39.87. That said, with regular buy and sell orders the price could settle at $45.34.

YearPotential LowPotential High
2023$16.139$21.773
Next 5 Years$39.87$50.15

What Does The Market Say?

Wallet Investor:

According to the Wallet Investor, the SAND price could end its trade for 2022 with a potential high of $7.873. The analysts pin minimum and average targets for the year at $5.088 and $6.448. Wallet Investor forecasts the average targets for 2023 and 2025 at $10.380 and $18.266

Gov.Capital:

Gov.Capital has revised their prediction for the  SAND price, they pin a bullish outlook for the long term. The analysts from Gov.Capital expect 2022 to end with an average price tag of $13.051. The minimum and maximum price expectations for the year are set at $11.093 and $15.008. The firm expects SAND to close in 2023 and 2025 with potential highs of $31.819 and $85.750 respectively.

Digital Coin Price:

Digital Coin Price forecasts the digital asset to close the annual trade for 2022 with a potential high of $4.87. The analysts from the firm expect SAND to close 2022 with minimum and average levels of $4.22 and $4.45. Digital Coin Price predicts 2023 and 2025 to close with potential highs of $5.61 and $7.27.

Click here to read our price prediction of Decentraland’s MANA!

What is The Sandbox (SAND)?

The Sandbox has been a blockchain-backed virtual space where users can play, create, buy, sell and monetize their gaming experiences. The motive of the platform is to unleash players’ creativity by allowing them to build the platform of their vision.

The Sandbox metaverse world has been deployed on top of the Ethereum blockchain. It makes use of the PoS (Proof-of-Stake) consensus mechanism. However, the platform has its own native token SAND, a classic version of the ERC-20 token.

The Sandbox metaverse facilitates a digital piece of real estate called LAND. The key goal behind the idea is to enable game developers and creators to design and monetize their virtual experiences. In particular, players are allowed to lease and stake on their LANDs. One needs to have SAND in their wallet in order to make purchases.

Fundamental Analysis

The Sandbox was launched in the year 2011 by Pixowl company. There are two co-founders of the platform Arthur Madrid and Sebastien Borget. As per their whitepaper, the vital goal of the platform is to revolutionize the mainstream gaming space with blockchain-backed technology. 

Furthermore, the platform has released the Alpha update in December 2018. And allocated creator funds to incentivize developers for developing items on its blockchain. Initial funding happened in May 2019, the platform has confirmed a $4.5 million seed round. From reputed tech firms including True Global Ventures, Square Enix, and Hashed.

In December 2019, the ecosystem had confirmed its first LAND sale featuring a total of 2.5% of the estate. Further, the platform released a Beta version of VoxEdit in February 2020. To drag the traction of a larger user base. The liquidity mining and staking program was launched in September 2020.

Our SAND Price Prediction

The SAND seems to be unstoppable with a series of events lined up for launch. This NFT based platform is the best-suited investment in the current uncertain market scenario. According to Coinpedia’s formulated The Sandbox price prediction. If the network launches the updates such as liquidity mining, staking, and game maker, the price could propel to $10.10.

That said, if the network fails to execute its plan, then the price could sink to $8 by the end of 2022. If the digital asset continues to trade as usual without any major swings. The price could settle at average levels of $8.5.

Historic Market Sentiments

2020:

The Sandbox entered the market in September of 2020. As the platform was new to the new space, no significant collaborations or updates had been announced. Hence the price was almost stable. The SAND price hovered around $0.04 throughout the year.

2021:

The Sandbox price had kickstarted the year with a gradual rise from $0.04064. The price had maintained a steady uptrend up to $0.8491 surging more than 500% within three months. As bears took over control, the SAND price took a steep fall to $0.1899 by early June. Yet the second half started with a similar uptrend. Which resulted in the SAND price seeing a gradual rise to $0.831 by late September. 

The Sand price moved parabolic post-Facebook’s rebranding to Meta. Another major catalyst of SAND’s Rally was the announcement of it selecting up to 5,000 random players. To earn up to 1,000 SAND, alongside 3 non-fungible tokens (NFT) for spending time on all 18 Sandbox’s virtual experiences.

With all the Bullish news, the altcoin almost surged more than 500% reaching an ATH of $8.36 on 25th November. However, the euphoric run was short-lived, as the asset witnessed a downswing to $4.4 on the 15th of December. After a rebound to $6.90 on the 26th of December, SAND closed its annual trade at $5.936.

To read our in-depth price forecast of Ethereum click here!

FAQ

Q: Is SAND a profitable investment for higher yields?

A: SAND is a profitable investment for the long term, with the future of blockchain traversing across diverse sectors. SAND would yield higher returns on investments.

Q: Will SAND close its trade for 2022 with a price tag of $10?

A: The digital asset could hit its potential high of $10.089 by the end of 2022, provided circumstances favour the crypto asset.

Q: Where can I buy SAND?

A: SAND is available for trade across prominent cryptocurrency exchange platforms such as Binance, KuCoin, Huobi Global, and FTX, amongst others.

Q: What could be the average price of SAND by the end of the next five years?

A: The crypto-asset could trade at an average price of $45.34 by the end of the next five years.

Q: How far has the SAND price come in the past 12 months?

A: The SAND price has posed its YTD returns of 377.1% at the time of writing.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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