![]() ![]() The question is if the trend will continue. You can see that there is a clear trend here starting in Dec 2021. ![]() Since the bottom in June 2021, SAND has only been outperformed by Axie Infinity (AXS), another metaverse game token. There is no surprise as they have big partners, such as Snoop Dogg and Adidas, helping to provide fundamental value to the coin. In the open metaverse, users should be able to enjoy their true digital ownership rights and have new ways to create, store, and trade value while having fun rather than having to worry about online threats Sebastien Borget, COO of The Sandbox,Īfter bottoming in June, SAND has gone on a run of more than 5,000% (from top to bottom). The Sandbox would also start educating its users on fraud prevention methods. Recently, The Sandbox has signed on BrandShield (BRSD), an online threat detection company, to ensure the safety of crypto wallets and non-fungible tokens (NFTs) in its marketplace. According to announcements from the crypto company, the non-fungible token piece opened with a valuation of 63.9 Ethereum, but in a few hours, it increased in price. The new virtual universe inspired by Metaverse gaming firm The Sandbox has opened toward NFT auctions, where several pieces have been sold, including the mega yacht. Minting begins: 6 Dec 12pm /VOcdKdEFsp- The Sandbox December 5, 2022 CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.Become the place to be in the #metaverse with a unique villa and menu that only #Cipriani can offer! The views and opinions expressed in this article are the author’s own and do not necessarily reflect those of CoinMarketCap. This article is not intended as, and shall not be construed as, financial advice. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is intended to be used and must be used for informational purposes only. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). This is a favorable situation for bulls because it allows strong players to accumulate more coins before another move up. SAND has been in a parabolic uptrend for more than five weeks now however, it has just started to consolidate. Since the bottom, the price of SAND has moved up by 2,000% making it one of the best performing crypto asset Sponsors, such as Adidas and Snoop Dogg, have helped add fundamental value to it. SAND is one of the leading metaverse projects in the crypto industry right now. This year's January has been Ethereum’s best performing month, and with altcoins consolidating, will we see another strong move of the altcoin market in January 2022? Summarizing Everything Explained Above All altcoins will likely consolidate at this point whilst waiting for BTC to decide its next move. With BTC still having a bearish market structure. The good news is that trends are never forgotten, and when prices start to move up again, investors will look to get into the trending coins, adding loads of buying pressure. It is, therefore, smart to be cautious whilst looking for an entry into a coin like SAND. Since they are cooling off after a massive parabolic move, people who are still in profit will likely not hesitate to dump some coins. Therefore, when the trend changes, you need to make sure that you are not invested in metaverse coins. ![]() However, it must be noted that there is always a rotation between different trends in this market. The trend in the crypto industry is currently metaverse coins, with some having market caps over a billion dollars. ![]()
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