The future of SAND coin (analysis and forecast 2023)
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SAND currency continues to rise even as Bitcoin struggles. We will devote this article to talking about the future of the Sand currency and its most prominent price predictions for 2023 and the coming years.
The Sandbox project was launched in 2011 by Pixowl. It is a blockchain-based virtual world platform. This platform allows users to create, build, buy and sell digital assets in the form of a game. Combining the powers of Decentralized Autonomous Organizations (DAO) and Non-Fungible Tokens (NFTs), Sandbox is a decentralized platform for a thriving gaming community. Its main mission is to successfully introduce blockchain technology into mainstream games so that it can facilitate a win-win and creative gaming model. The SAND currency is the approved currency within the platform in order to facilitate and regulate the transactions of its users.
After we got to know the SAND coin project and what makes it unique and special, we will now move on to talking about the most important predictions for the future of the Sand coin.
SAND coin price
The Sandbox coin is trading at $3.74 at the time this article was updated and has experienced a significant drop from the price it was trading at on November 20, 2021 at $4.44. This currency has a trading volume over the course of 24 hours estimated at 665,260,490 USD. The Sandbox price has increased by 3.06% over the past 24 hours. Our coin ranks 38th on CoinMarketCap, with a market capitalization of $3,450,793,064. It has a circulating supply of 925,054,385.22 coins with a total supply of 3,000,000,000 coins.
In 2020, the SAND coin was trading at a price not exceeding the $0.050 threshold. And it continued in this way until January 21, 2021, when the price rose to the level of $0.10 and continued to rise within the range of $0.10 and $1, until it achieved its first high price level at $3.21 on November 3, 2021. After that, SAND price continued in an upward volatile movement. Until it achieved its second highest level on November 19, at $4.42.
SAND price forecast for the years 2023-2030
PricePrediction.Net predicts future cryptocurrency prices based on the results of in-depth technical analysis and past price data. Here are its expectations for SAND currency prices for the coming years:
Sand Forecast for 2023: According to the technical analysis, the price of SAND is expected to reach a level of at least $8.73. The SAND price could reach a maximum of $10.30, with an average trading price of $8.98.
2024 Sand Forecast: The SAND is expected to reach a minimum price of $12.72 in 2024 and a maximum of $15.04, with an average price of $13.17 throughout 2024.
Sand Coin Forecast for 2025: The SAND price is expected to reach its lowest possible level this year at $18.29. According to the technical analysis, the price could reach a maximum possible level of $22.51 with an expected average price of $18.95.
Sand Forecast for 2026: According to a deep technical analysis of previous price data for SAND, in 2026 the price of SAND is expected to reach a minimum value of approximately $26.37. An upward trend could push the price to a maximum level of $31.59, with an average trading value of $27.13.
Sand Price Prediction 2027: Sand price is expected to reach a minimum value of $37.31 in 2027. It is expected to reach a maximum value of $45.78, with an average trading price of $38.66 throughout 2027.
Sand Price Prediction 2028: According to forecasts and technical analysis, in 2028 Sand price is likely to reach a minimum price value of $52.10. Our coin could reach a maximum price value of $63.36 with an average value of $54.04.
Sand Price Forecast 2029: In 2029, the Sand price is expected to reach a minimum price of $78.13 with a potential for a maximum price cap of $89.56, with an average trading price of $80.83.
Sand Price Forecast 2030: The price of Sand is expected to reach its lowest possible level in the year 2030, which is $115.71 in 2030. According to technical analysis, this year the price can reach a maximum price of $135.66 with an average Expected price of $119.76.
The future of the SAND coin
According to the Sandbox coin project’s white paper, centralized ownership and control over content that a user has in the current gaming marketplace limits the rights and ownership of content creators. Through this platform, players have created a central control over the trading of virtual goods that restricts them from realizing the fair value of their creations. Given this, it can be difficult for owners to prove creative ownership of their work, especially since content is copied, modified, and built upon.
The Sandbox Game wrote on Twitter, “The addition of new strategic partners such as Liberty City Ventures and Galaxy Interactive will also benefit SAND coin’s goal of global reach and expansion of its network of brands, IPs, and game studios interested in entering an open metaverse that focuses on a player-owned economy and content that created by users.” The currency price may benefit a lot from these partnerships and expansion processes, in a way that will push and strengthen it to reach higher levels and continue to rise in an upward direction.
A group of platforms expect that the price of the SAND currency will continue to rise in an upward direction, making it one of the best digital currencies for investment and trading, as this currency has the potential to achieve high and rewarding returns. Based on walletinvestor forecasts, with an investment 5 years from now at the current price, revenue of around +100.26% could be achieved. The current investment of $100 could reach $200.26 in 2026.
On October 30, The Sandbox platform posted a tweet on its official Twitter account. This tweet mentioned some of the upcoming developments that will be made on the network. This tweet has been retweeted almost 500 times on Twitter. As a result, investors, especially those in the sandbox community, have begun to expect significant levels of growth. And this is exactly what happened, as the price started to rise and grow from that day.
On the other hand, Sandbox network has also been reported to be popular among Hollywood celebrities. Snoop Dogg, an American rapper who believes in the power of NFT to bring his fans closer together, has signed up through the Sandbox platform. This partnership enables Snoop Dogg to host his concerts within the Sandbox Network.
Sandbox is a digital asset based on the Ethereum network. This enables them to easily interact with the Ethereum community and its investors, both inside and outside the crypto world. This can help Sandbox gain massive crowd adoption, which can drive its price to even higher levels.
Summary
How high can the SAND price go? According to the analyzes of top cryptocurrency analysts, the average SAND price could reach $4.31 by the end of this year. If we rely on the possibility of the bullish trend continuing for five years, it is estimated that the currency could easily reach the $20 level.
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