- The cryptocurrency market surged from $3.38BT to $3.39 T in the last 24 hours indicating a rise of 0.11%.
- SAND has experienced a meteoric surge of 55% in the last 24 hours surpassing the trading volume to $1.91 billion.
- Investor interest pours in as the token climbs over 500% in a single day.
- The price of The Sandbox (SAND) has increased by 115.60% in the past seven days. Currently, the project is outperforming the cryptocurrency market.
- Exchange withdrawals increased and hit a 17-month high of 877. The trend signals investors’ confidence and potential long-term holding.
- This bullish signal for metaverse tokens represents higher demand and market participation.
SAND is a token that powers the Metaverse platform. The Sandbox has recently witnessed an exponential rise. The token upsurged 55 % in the last 24 hours. The trading volume of SAND also rose exponentially, surpassing $1.91 billion. This is an increase of 500% in just 24 hours.
SAND now outperforms major cryptos like Bitcoin and Ethereum which gained only 1% in the same period. According to the on-chain data, there is a significant increase in the daily SAND transactions and a decrease in the selling pressure. These factors denote a potential for sustainable increase.
The Sandbox is a metaverse-based gaming platform. It is one of the most prominent blockchain games that have a partnership with 400 celebrities and brands. The mission of Sandbox is to develop creative tools and technologies that create fairness and new opportunities for all types of creates in open metaverse
As per the analysis of the current data, the amount of SAND transactions has increased over the past few days. The upsurge in asset transactions can be considered as an increased activity and interest. This bullish signal for metaverse tokens represents higher demand and participation by market participants.
The confidence of investors has increased in the price and potential of the token. There is a significant increase in the exchange withdrawals of the token
The exchange withdrawal transaction metrics track the amount of cryptocurrency withdrawals in exchanges. The metrics denote the withdrawal of assets from exchanges as spikes. The spikes are considered a bullish signal that suggests increased confidence and a long-term trend.
The Sandbox (SAND): Current Performance Data
The trading volume of The Sandbox (SAND) has been $6,547,904,022 for the past 24 hours, an increase of 495.20% from the previous day. The increase in trading volume indicates a rise in the market activity of The Sandbox (SAND).
The market capitalization of the project is $1,887,888,385. The circulating supply is 2,415,232,126. The total supply and maximum supply is 3,000,000,000. The fully diluted valuation of a token is the strategic representation of the maximum market capitalization under the assumption that the maximum number of SAND tokens in circulation is 3 billion.
SAND tokens are available on centralized crypto exchanges. Bitunix is the most popular option with a trading volume of $110,388,218 for the past 24 hours. It has the most active trading pair SAND/USDT. You can also explore other popular options like Coinbase Exchange and Bitthumb.
The Sandbox (SAND): Historical Performance Data
The lowest recorded price of The Sandbox (SAND) is $0.02898. This was recorded on November 04, 2020. Compared to the all-time low, the current price of the token has increased by 2,651.14%. The 24-hour range of the token is between $0.5136 and $0.8355.
The seven-day range is between $0.3288 and $0.8299. The price of The Sandbox (SAND) has increased by 115.60% in the past seven days. Currently, the project is outperforming the cryptocurrency market. Compared to its competitors, the token is under significant upsurge.
SAND crypto seems to be a leading player in the breakout trend. There is a reversal from a near-capitulation downtrend of the token. This sign increased the confidence of investors.
The sandbox is part of a broader metaverse trend that provides virtual spaces where users can connect, socialize, trade, and create The metaverse sector was not much recognized by traders in 2024. Sandbox is evolving into a prominent metaverse project that emphasizes user ownership, creativity, and decentralization. Investors are interested in the project.
The value of The Sandbox is speculated to increase further in the coming future. However crypto investments are subject to market fluctuations. Do your research before making any investment decision. Expert investors proceed with the investment decision only after considering their risk tolerance level.
The cryptocurrency market represented a 0.11% increase in the past 24 hours after the market capitalization increased to $3.39T. The Sandbox went on to become the coin of the day with its impressive performance.
