SAND is 'The Sandbox's' token. It's a blockchain-based virtual world developed by Pixowl, which allows people to create and explore universes (sounds like Minecraft a bit, right?)
Fundamental Benefits:
- Being part of the thriving metaverse, SAND has been pumping in parallel to Zuckerberg's announcement that Facebook is renaming itself to 'Meta'. SAND isn't the only metaverse token to receive a positive response from investors either, almost all of them have (which i'll cover in future posts). - Another reason for this sudden pump, is that The Sandbox recently announced a MASSIVE play to earn event, launching on November 29th and running through to December 20th (this will receive a ton of publicity). - The Sandbox secured a 93M fund from SoftBank at the start of November, to go toward developing new metaverse games, live experiences and seeking out bigger partnerships with brands.
Technical Analysis:
As you can see, I entered at $3.05. Circled in purple is $2, which obviously is a better position for buying. I FOMO'd into SAND once I read into it and didn't want to risk waiting for a dip. The support and resistance lines are parallel and have held up extremely well. The end of the lines is December 1st and by this point we could see SAND anywhere within the price-range illustrated. I'm confident in the growing popularity of this metaverse token, along with the roadmap making progress as promised. Look out for a buy-point and get involved if you're interested!
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@itamarkatz1, my pleasure, appreciate the positivity brother
kriptomaster
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Great analysis ! Do you think the 16.24$ point will be the ath for sand ? or it can go higher ?
MikeyFergus
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@kriptomaster, thank you. it most definitely has the potential to go higher! $16.24 is just a high that can occur by December 1st without surprising me. The weeks within December are going to be exciting for all SAND holders, possibly even January but I'll continue to post updates here and on Twitter.
Sirius767
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Quality job!
MikeyFergus
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@Sirius767 thank you my friend, looking forward to December, let’s get some extra xmas money! 😂