SAND Price Analysis July 2022

SAND is a token of The Sandbox platform. Its current price is around $1.09 by the time of writing, with a low of $0.2217, and has a market cap of 1.3 billion dollars.

What is The Sandbox?

The Sandbox is a gaming ecosystem that uses digital assets and virtual worlds to create and monetize games. The Sandbox makes money by issuing tokens or other digital assets that can be bought or sold on the open market. 

The business model of Sandbox is predicated on issuing these types of assets. The Sandbox puts all of its game data on the Ethereum blockchain and tracks ownership of unique items through a digital ledger. Players acquire and own 100% of their items in The Sandbox, creating revenue opportunities.

What is SAND?

SAND is the token of The Sandbox platform, which is around $1.09 by the time of writing, with a low of $0.2217. It reached $8.44, and its current ranking is #35 according to CoinMarketCap, with a market cap of 1.3 billion dollars. 

Sand is the native cryptocurrency of The Sandbox, a 3D game that runs on Ethereum and lets players explore & create structures. The in-game currency in the game is referred to as “Sand.”

SAND Coin Market Analysis 

SAND has a total supply of 3,000,000,000 coins worth around $1.09 with a market volume of 507 million dollars, whereas the market capitalization is 1.3 billion dollars at writing. 

SAND Price Prediction

Experts predict a positive trend in the future, and SAND could be an investment to make money from. On the 1D timeframe, the price action of $SAND/USDT works inside the support and resistance zone. The prize is currently trading in between now. We have to wait for further price movement.

Sand Price Analysis July 2022
SAND Price Analysis July 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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