December 5, 2021

Sandbox (SAND) Decouples from Cryptocurrency Markets, Recording New ATHs

 

  • The native token by Sandbox has touched a new ATH as metaverse assets witness a rally.
  • The blockchain virtual world integrates NFTs and DAOs via its platform’s games.
  • Analysts have observed capital rotation from meme coins to metaverse tokens such as SAND.
  • SAND surged more than 73% in the last seven days amid metaverse Alpha launch news.

Sandbox appears ready to introduce its Alpha P2E on 29 November following four years of preparation. The virtual world ecosystem has gathered 50 partnerships to create play-to-earn games and increase SAND’s utility.

SAND Rallies to new ATH amid Preparation to Launch Metaverse to Players

The Sandbox platform has gained popularity among NFT (non-fungible token) developers and gamers and create, share and monetize games on the network. The ecosystem’s native coin SAND experienced a rally early on the week.

Recently, Sandbox declared its metaverse launch after the development that took four years. The network has partnered with Shaun, Atari, Sheep, and Crypto Kitties to create play-to-earn games on its metaverse.

Meanwhile, the platform scheduled Sandbox Alpha launch for 29 November, which is a three-week event. Gamers can use Alpha Pass, an NFT ticket allowing access to the launch event, to play the games by Sandbox.

Sandbox’s native coin decoupled from the crypto market, positing an almost 75% surge over the past seven days. SAND attained an all-time high at $4.64 early on Friday. Specialists state that capital rotates from BTC and meme coin to metaverse cryptos during the current bullish run.

Analysts believe SAND will surge past $5 before the 29 November launch event before entering price discovery. Mind Math Money, crypto analysts’ YouTube channel, suggests that the ongoing bullish run will have SAND rising beyond $5.

Keep in mind that metaverse tokens witness surges even as the entire crypto space witnesses bloodbath. SAND and MANA have recorded lucrative price actions over the past few sessions. On the other hand, Bitcoin appears to struggle after retreating from its ATH near $69K. Analysts believe Bitcoin will drop towards $53,000 before gathering momentum to launch upsurges.

You can share your views related to the metaverse and the related tokens in the comment area below.