ForexEzy
No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
Home Cryptocurrency Trading

Sandbox Forecast – Сonsolidated Price Prediction for SAND Coin

by Adam Stanley
March 25, 2022
in Cryptocurrency Trading
0
Sandbox Forecast - Сonsolidated Price Prediction for SAND Coin
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Disclaimer: The information provided here does not constitute any form of financial advice. Readers are fully responsible for conducting their due diligence before making any investment decisions.

Sandbox's homepage

Sandbox: Market Sentiment

For market sentiment related to Sandbox, we’ll look at social media metrics from LunarCrush and the Crypto Fear & Greed Index (FGI) from Alternative.me. The graph below shows social media volume and its correlation with SAND’s price over the past week.

Social media volume data from LunarCrush for SAND

Generally, the value of a coin correlates positively with social media engagement. However, we see somewhat of a divergence. Interestingly, however, while volume has dipped steadily, SAND’s value has increased.

The FGI, which is updated daily, shows a figure of 40. Readings between 0-50 are taken as the market being fearful, translating to buying opportunities.

Fear & Greed Index historical values

However, if we observe the historical values, the index has steadily risen from 20 (‘extreme fear’). While the current reading is 40, it is nearer to 50 than it was over the last few weeks.

Therefore, the amount of fear isn’t as much as it was recently. So, while it does suggest eventual bullish scenarios, it could ultimately show ‘greed.’

Technical analysis

SAND 1HR TradingView chart

The 1HR chart above for SAND shows us a bullish scenario, further confirmed by TradingView’s technicals (bottom right corner). Our primary analysis consists of the 50-day (orange) and 200-day (blue) moving averages.

It’s evident that the 50 has crossed above the 200, and the price is above both. These are two excellent signs that we should be expecting higher values for Sandbox.

Fundamental analysis

The Sandbox has recently partnered with HSBC, adding to its gradually increasing list of brands that include The Smurfs, Square Enix, Snoop Dogg, The Walking Dead, and blockchains such as Binance, Harmony, and Polygon.

Interestingly, HSBC is the first global bank entering the metaverse, having, not long ago, expressed strong disapproval against cryptocurrencies. This is the most impactful news regarding Sandbox at present.

Fundamentally, this project is still quite valuable for a few reasons: 

  • By market capitalization, The Sandbox is the third-largest metaverse project after Axie Infinity and Decentraland.
  • According to Bloomberg research, the metaverse industry is expected to be worth at least $800 billion by 2024. However, Sandbox also has considerable influence in the DeFi (decentralized finance) and GameFi (gaming and finance) sectors as well.
  • Sandbox relies on the proof-of-stake consensus mechanism, a far less energy-consuming model which is more scalable and cheaper in transactions. Moreover, gamers can generate passive income by staking SAND tokens.
  • Sandbox introduces scarcity in two interesting ways. Firstly, only 166,464 LAND pieces have been slated to exist on the virtual world’s entire map. As more people join Sandbox, it makes each land parcel more valuable.

The second aspect relates to supply. Only 3 billion tokens are set to exist in Sandbox’s entire lifetime, with about 38% or 1.14 billion presently in circulation.

Sandbox (SAND) Price Prediction: 2023-2025

Let’s now investigate 2023 and 2025 price predictions for SAND.

2023 forecasts

For 2023, the average estimate we got from analyzing several forecasting sites was $7.69. From its current price, it’s realistic to believe SAND should at least double in value.

Forecasts tend to be conservative in many instances, meaning Sandbox could perform much better than expected.

Some of the prediction services we analyzed include the following (with estimates):

  • Digitalcoinprice ($4.41 minimum; $4.98 maximum)
  • PricePrediction.net ($6.09 minimum; $7.18 maximum)
  • Wallet Investor ($5 minimum; $7.79 maximum)

One of the most optimistic forecasts came from Gov Capital, estimating the lowest price of $11.10 with a peak of $15.02.

Gov Capital 2023 forecasts

2025 forecasts

If the metaverse industry continues to grow, as experts have suggested, there’s no reason why the price of SAND shouldn’t be in the double figures. The average we derived from the different analyzed prediction sites was $11.93, which, similar to 2023, is rather cautious.

Some of the forecasting sites we observed include the following (with predictions):

  • Digitalcoinprice ($5.75 minimum; $7.03 maximum)
  • PricePrediction.net ($13.79 minimum; $15.34 maximum)
  • Wallet Investor ($12.60 minimum; $17.12 maximum)

Gov Capital was, again, one of the most bullish of the lot, with minimum and maximum prices of $41.10 and $55.61, respectively.

Gov Capital 2025 forecasts

Sandbox Frequently Asked Questions (FAQs)

Is Sandbox real?

Yes, Sandbox was initially launched in 2012 and remains one of the largest metaverse-based projects in cryptocurrencies.

What is the Sandbox price today?

$3.38.

Will Sandbox’s price reach $10?

With enough adoption, $10 is realistic and possible as it would take about a 200% increase from its current price to reach this value.

Should I buy Sandbox?

If you believe in the potential growth of metaverses, then Sandbox makes sense as an investment. However, you should fully accept all the risks involved.

Where do I buy SAND?

You can purchase SAND from several reputable exchanges like Binance, Uniswap, KuCoin, Huobi, Bithumb, Gemini, Kraken, FTX, Bitstamp, and many others.

The Best Forex Robots Report Is Already Here!
Check out 30+ best expert advisors with daily updated live results and statistics.
Bitsgap
ShareTweet
Previous Post

Best 5 Ethereum NFT Projects

Next Post

Polygon Forecast – Сonsolidated Price Prediction for MATIC Coin

Related Posts

FGI Crypto Fear and Greed Indicator

FGI Crypto Fear and Greed Indicator

by Tim Baudin
May 26, 2022
0

Being in its teenage years, the cryptocurrency market is relatively new as compared to other financial assets. To that end,...

Best 14-RSI Strategies for Crypto Traders

Best 14-RSI Strategies for Crypto Traders

by Adam Stanley
May 25, 2022
0

In crypto, technical analysts often benefit from trading recognizable candlestick patterns such as the head and shoulders, cup and handle,...

Trader Joe Decentralized Exchange Review

Trader Joe Decentralized Exchange Review

by Richard Brase

Trader Joe is a comprehensive decentralized platform for crypto trading. It works on the Avalanche network. The main objective of...

Best 5 Crypto Reddit News Groups for Traders

Best 5 Crypto Reddit News Groups for Traders

by Adam Stanley
May 24, 2022
0

Telegram, Reddit, and Discord are among the most popular crypto platforms. Reddit began in 2005 as a centralized community platform...

Best 5 DEX Projects and Tokens to Invest in

Best 5 DEX Projects and Tokens to Invest in

by Adam Stanley
May 23, 2022
0

People are interested in cryptos for a variety of reasons. If you want to trade them, you'll need to use an...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10

Best Crypto Bots

  • Bitsgap 9/10
  • Cryptohopper 8.5/10
  • Pionex 7.5/10

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
arbitrage atr Avalanche AVAX Coin bollinger bands cci chart patterns classics copy trading courses Crypto day trading forex brokers forex charts forex ea forex education forex forecasting Forex Indicators forex software reviews grid trading hedging ichimoku macd market cycles news trading oscillators Polkadot price action trading rsi social trading SOL Solana strategies tips & tricks trading bots trading platforms trend trading Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2022 by ForexEzy.com

No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2022, Forexezy.