The Sandbox (SAND) Price Prediction for 2022

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Launched in 2011 by a mobile 3D gaming development studio Pixowl, The Sandbox (SAND) is similar to Minecraft and allows users to build their own games inside the platform. Pixowl was founded by Arthur Madrid and Sebastien Borget.

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However, Sandbox differs from Minecraft in that it makes use of the blockchain to create a play-to-earn ecosystem. Therefore, users can monetize their games and own their items as non-fungible tokens (NFTs). Here, we take a look at a SAND coin price prediction for 2022, using token analysis and other factors to make an educated guess at where the price might go.

What is The Sandbox?

Simply put, The Sandbox is a virtual world in which users can create and own their own games and items. According to its whitepaper, its main goal is coalescing the mainstream gaming community and blockchain technology.

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There are three main products in the ecosystem:

  • VOXEDIT: A 3D modeling package that allows users to build items
  • Marketplace: A web-based marketplace that allows users to sell their creations
  • Game Maker: A model which allows users to place assets in a land plot that they own

Land plots represent physical parcels of land in the Sandbox metaverse. There are a limited number of land plots in which games can be built,166,464 to be exact. Landowners can host events.

In the future, it will be able to combine land plots to create estates and eventually combine estates to create districts.

Tokenomics

The native token for the platform is SAND, which is an ERC-20 token. Holding these tokens allows the user to build on the platform, own their items, and eventually monetize their entire experience.

There is a maximum supply of 3,000,000,000 SAND tokens. As of Jan. 2021, there are 921,254,948 tokens in circulation. From this supply, roughly 25% has been set aside for the company reserves, while 31% was distributed to the founders and team members. In addition to this, 17% were allocated for the seed sale of the token, while 12% were reserved for a Binance launchpad sale,

Since it is built on the ETH blockchain, SAND uses a proof-of-stake consensus. It is possible to stake the token and earn rewards in the process.

Current TA

SAND’s price has been decreasing since reaching an all-time high of $8.84 on Nov. 25. The decrease has taken the shape of a symmetrical triangle, which is considered a neutral pattern. Therefore, both a breakout and a breakdown could occur.

SAND is approaching the point of convergence between support and resistance. At that time, a decisive movement is expected to occur.

It is worth noting that the movement between Oct. 28 and Nov. 25 has been completely parabolic, leading to a 1050% increase, which is unsustainable in the long run.

Therefore, while SAND could break out, leading to a continuation of the upward movement, an eventual correction is expected.

SAND price prediction 2022

The first upward movement for SAND transpired between Nov. 2020 and Mar. 2021. It continued for 145 days, in which SAND increased by nearly 3000%. Afterwards, the token was on a trend of correction until Jul.

Another upward movement followed, which led to the current all-time high price of $8.48. While this upward movement had a similar length, it was nearly twice as steep, amounting to an increase of 5716%.

An interesting observation is the fact that the previous correction lasted for 85 days, while the current one has so far lasted for 39 days. Therefore, it is possible that the correction is not yet complete, and SAND will eventually reach another low.

If the token were to reach a low close to the 0.382 Fib retracement support level at $1.9 and then initiate an upward movement with a magnitude of 3000%, it would lead to an all-time high of $60. An increase of 3000% would be the same as that of the first upward movement, which is the most common ratio.

However, the potential 2022 high depends on where the token reaches its current low.

Why SAND is unique?

The Sandbox is a unique platform since it combines blockchain technology and NFTs with the world of gaming. The gaming industry is still underdeveloped with respect to blockchain technology. Therefore, it is possible that the platform will create a niche for itself in the gaming market.

Furthermore, the sandbox focuses on user-generated content, thus allowing users to participate in creating the ecosystem.

Frequently asked questions:

Is SAND a good investment?

SAND is the native token for a very unique platform that aims to revolutionize the gaming industry. Therefore, as the sandbox platform grows, it is possible that the SAND token will appreciate in value.

How many Sandbox coins are there?

Currently, there are slightly less than 1 billion tokens, while the maximum supply is 3 billion tokens.

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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