This year has been a tough sail for The Sandbox since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of SAND.
With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for The Sandbox to reclaim its all-time high in 2023? Continue with the article to learn about The Sandbox price analysis and prediction by Coinpaper.
What is The Sandbox?
The Sandbox is an Ethereum-based decentralized virtual gaming world where players can buy, trade, and own virtual plots of land in form of an NFT-like token called LAND. Similarly to Decentraland, The Sandbox users can create their own experiences within the metaverse, uploading their creations, building virtual real estate, and interacting with other players. In addition to LAND, The Sandbox has two more native tokens, namely SAND, a governance token that grants voting rights in the community and can also be used to purchase in-game items, and ASSET, an NFT that can represent any object in the game and can be freely traded on The Sandbox’s marketplace.
The Sandbox (SAND) price
Currently, The Sandbox Price is USD. SAND has a circulating supply of coins and a total supply of . If you are looking to buy or sell The Sandbox, Binance is currently the most active exchange.
|Fully Diluted Valuation
The Sandbox price prediction 2023
The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.
According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.
Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish The Sandbox 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see The Sandbox price at $1.34 to $1.79. On the flip side, a fading interest in the new meme coin may push the price of The Sandbox to $0.64-$0.39 lows.
The Sandbox price prediction 2024
In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to The Sandbox (SAND) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of The Sandbox to climb as high as $2.86, with the more distant prospect of reaching $3.44 in 2024. The bearish scenario is likely to see The Sandbox (SAND) trading between $1.93 and $1.03 in 2024.
The Sandbox price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our The Sandbox (SAND) price analysis and prediction is based on pure speculation and observation of The Sandbox historical price movements.
Our The Sandbox 2025 price forecast expects SAND to rally towards $4.84 and reach $5.63 by the end of the year. The bearish scenario would see The Sandbox at $3.73 to $2.92.
The Sandbox (SAND) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for The Sandbox is neutral. In 2026, we expect The Sandbox to reach at least $7.17 before climbing higher to $9.72. In case of a bearish scenario, The Sandbox may fall to $6.11.
Is The Sandbox (SAND) a good investment?
Whether SAND token is a reasonable investment for you depends on your risk profile and how much you intend to invest. Just like most small-cap altcoins, SAND can be an extremely risky investment — its profit potential is huge, but so is the potential downfall. Still, it can be a nice addition to your cryptocurrency portfolio given the still nascent stage of metaverse development and growing interest in the industry.
Are you ready to invest in The Sandbox? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy SAND from many crypto exchanges, including Binance
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
Who created The Sandbox?
The first version of The Sandbox was released as a mobile game in early 2012 as a collaboration between a mobile games studio Pixowl (led by Sébastian Borget and Arthur Madrid) and game designer Onimatrix.
What was the all-time high for The Sandbox (SAND) ?
The all-time high price of The Sandbox is $ on 2021-11-25