$SAND/USDT is a token of The Sandbox platform. It’s currently worth around $6.13 by this time of writing, was worth around $0.03451 at the start of 2021, and has a market cap of 5 billion dollars.
What is The Sandbox?
The Sandbox platform is an open Metaverse partnered with big names such as Adidas, The Walking Dead, etc. Further, the platform allows you to create or buy your own land using Non-Fungible Tokens. This platform uses distributed ledger technology to store and manage user information on a blockchain. The blockchain manages data distribution to the nodes to ensure that the data is not altered and cannot be hacked.
What is SAND token?
$SAND/USDT is the coin of The Sandbox platform, which is valued at $6.13 at the current market price. Its current ranking is #34 according to CoinMarketCap, with a market cap of about 5 billion dollars.
It reached a high of $8.44 in 2021 with a low of $0.03451. SAND is a cryptocurrency token part of the social media platform. The SAND crypto is based on Ethereum Blockchain, which aims to create a new economy that will be fair and transparent to every user in the network. The SAND project aims to mainstream cryptocurrency, bridging the gap between traditional banking and cryptocurrency, thereby making cryptocurrency more accessible for everyone.
SAND Coin Market Analysis
It has a max supply of 3,000,000,000 coins worth around $6.13 with a market volume of 2 billion dollars, whereas the market capitalization is 5 billion dollars at the time of writing.
SAND Price Prediction
On the 4H timeframe, The volume looks suspicious, so we need to wait and see if the price can break through this resistance level to confirm that the wave was successful.
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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.