There was some retreat from this position, but the monthly close of $0.6482 meant that an almost threefold rise had been achieved over the course of the month. While there were peaks and troughs, the coin hit a monthly high of $0.8407 on 24 July. There was more upward momentum to follow, as the coin broke $0.50 the following day, rising to $0.67 on 15 July 2021. July was better, and when the coin hit $0.4435 on 7 July it was back above its pre-crash levels. There was a monthly high of $0.3692 on 3 June, but for most of the month SAND stood below $0.30 and its June closing price was $0.2453 – down more than a quarter month-on-month. Although the coin climbed back a little, it closed the month on $0.3346 – well below what it had been before the crash, and down by almost half from the end of April. The great crypto day crash saw the price drop to a low of $0.1829 – a drop amounting to more than half – in just a few hours, before it recovered to $0.2841. SAND then slipped down to an intraday high of $0.4018 when disaster struck on 19 May. While an intraday trading high of $0.7211 on 4 May looked promising, that was its best price for the entire month. May 2021 proved to be even worse for SAND and its investors. Rather, there was a monthly high of $0.8334 on the first day of April, followed by a slow and steady decline, leaving the SAND coin closing the month 25% down at $0.6211. While at least one SAND coin price prediction had forecast the crypto to break $1 around this period, this did not happen. In April, though, the token failed to carry on building momentum. The coin reached a monthly high of $0.9327 on 28 March and its month-end figure of $0.8293 represented an almost fourfold monthly rise. March 2021 showed SAND was still growing. It dropped back, but SAND’s final figure in February 2021 of $0.2179 still represented a month-on-month rise of more than 160%. It hit an intraday trading high of $0.2136 on 13 February 2021 and went on to go above $0.30, reaching a monthly high of $0.3645 on 22 February.
SAND was, in its own way, caught up in this action and February saw more growth. It was this sort of activity that meant many investors started acting on a SAND price prediction, pushing up the coin’s price even higher.īy now, the cryptocurrency market was going through a sustained bullish period. January 2021 was an upbeat time for SAND, which broke through the $0.10 barrier to reach a monthly high of $0.1476 on 21 January. While there was some pullback, the month’s closing price of $0.08266 represented a rise of more than 130% from the end of December. There was a small recovery across the rest of the year, and the token closed 2020 at $0.03565. That didn’t mark the end of its decline, though, and SAND fell to its all-time low of $0.02894 on 4 November 2020. Things went downhill again from there, and SAND spent much of September and the start of October between $0.04 and $0.05, before dropping below $0.04 on 20 October 2020. However, that price was a slight overestimation of the coin’s power and it quickly slid in value, spending the middle of the month hovering around the $0.05 mark, before recovering to $0.07018 at the close of August 2020. On 14 August that year, it was worth $0.08658. SANDfirst came onto the open market in the summer of 2020. Although past performance is no indicator of future results, knowing how SAND has behaved in the past can give some crucial context for a Sandbox price prediction. The document goes on to say: “In the current game market, the centralised ownership and control of user-generated content limits creator rights and ownership.”īefore we look at a SAND crypto price prediction, let’s take a look at the SAND price history.
The paper states: “The Sandbox is a virtual world where players can build, own and monetise their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. Our vision is to offer a deeply immersive metaverse in which players will create virtual worlds and games collaboratively and without central authority.” The whitepaper Sandbox: Welcome to the Metaverse was published in August 2020 and is 44 pages long.
What is happening to SAND, what has happened to SAND and what might happen to SAND? Can we make a SAND price prediction? From The Sandbox whitepaper SAND is the native token of The Sandbox, the online experience that enables users to buy, trade and create non-fungible tokens (NFTs).
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