The SandBox (SAND) Price Prediction 2023 — Will SAND Hit $2 Soon?
In The SandBox (SAND) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about SAND to
- Bullish SAND price prediction for 2023 is $0.6356 to $1.4200.
- The SandBox (SAND) price might also reach $2 soon.
- Bearish SAND price prediction for 2023 is $0.4073.
In The SandBox (SAND) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about SAND to analyze the future movement of the cryptocurrency.
The SandBox (SAND) Current Market Status
| Current Price | $0.504975 |
| 24 – Hour Trading Volume | $151,902,362 |
| 24 – Hour Price Change | 2.9% down |
| Circulating Supply | 1,571,957,026 |
| All – Time High | $8.40 (On November 25, 2021) |
What is The SandBox (SAND)?
The SandBox (SAND) is one of the popular play-to-earn (P2E) gaming tokens in the metaverse arena. The SandBox is a blockchain-based 3D metaverse game and SAND is its native token. SAND was launched as an ERC-20 token in 2011.
SAND has a wide range of use cases within The SandBox game. Primarily, SAND serves as the entry pass for users to enter the game and facilitates transactions on the platform. Later on, they can use the token to customize their game avatars and buy LAND on the metaverse. Moreover, it is also deployed in trading in-game assets on The Sandbox marketplace. It grants voting rights to its holders through its native DAO. Users can also stake SAND tokens to earn rewards.
The SandBox continues to aid the process of decentralizing mainstream gaming. Major real-world entities have become setting their foot into The SandBox metaverse.
The SandBox (SAND) Price Prediction 2023
The SandBox (SAND) holds the 52nd position on CoinGecko right now. SAND price prediction 2023 is explained below with a daily time frame.
The above chart of The Sandbox (SAND) laid out a horizontal channel pattern. Horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, The SandBox (SAND) is in the range of $0.510. If the pattern continues, the price of SAND might reach the resistance levels of $0.5442 and $0.7963. If the trend reverses, then the price of SAND may fall to $0.3774.
The SandBox (SAND) Support and Resistance Levels
The chart below shows the support and resistance levels of The SandBox (SAND).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for The SandBox (SAND).
| Resistance Level 1 | $0.6356 |
| Resistance Level 2 | $0.9290 |
| Resistance Level 3 | $1.4200 |
| Support Level | $0.4073 |
The charts show that The SandBox (SAND) has performed a bullish trend over the past month. If this trend continues, SAND might run along with the bulls overtaking its resistance level at $1.4200.
Accordingly, if the investors turn against crypto, the price of The SandBox (SAND) might plummet to almost $0.4073, a bearish signal.
The SandBox (SAND) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of The SandBox (SAND) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SAND lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of The SandBox (SAND) is shown in the chart above. Notably, The SandBox (SAND) price lies on 50 MA (short-term), so it is an uptrend. Currently, SAND has entered a bearish state. Therefore, there is a possibility of a reversal trend of SAND at any time.
Meanwhile, the relative strength index (RSI) of the SAND is 63.12. This means that The SandBox (SAND) is in an overbought state. However, this means a major price reversal of SAND may occur in the upcoming days. So, traders need to trade carefully.
The SandBox (SAND) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of The SandBox (SAND). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of The SandBox (SAND). Currently, the ADX of SAND lies in the range of 37.9850 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of The SandBox (SAND). RVI measures the constant deviation of price changes over a period of time. The RVI of SAND lies above 50, indicating high volatility. In fact, the RSI of The SandBox (SAND) is at 63.12 thus confirming a potential buy signal.
Comparison of SAND with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and The SandBox (SAND).
From the above chart, we can interpret that the price changes of ETH and SAND are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of SAND also increases or decreases respectively.
The SandBox (SAND) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of The SandBox (SAND) between 2024 and 2030.
The SandBox (SAND) Price Prediction 2024
With several upgrades in the network, The SandBox (SAND) might enter a bullish trajectory. If the coin grabs the attention of major investors, SAND might rally to hit $7 by 2024.
The SandBox (SAND) Price Prediction 2025
If The SandBox (SAND) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, SAND would rally to hit $9
The SandBox (SAND) Price Prediction 2026
If The SandBox (SAND) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, SAND would rally to hit $10
The SandBox (SAND) Price Prediction 2027
If The SandBox (SAND) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, SAND would rally to hit $12
The SandBox (SAND) Price Prediction 2028
The SandBox (SAND) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SAND would hit $15 in 2028.
The SandBox (SAND) Price Prediction 2029
If investors flock in and continue to place their bets on The SandBox (SAND), it would witness major spikes. SAND might hit $17 by 2029.
The SandBox (SAND) Price Prediction 2030
With greater advancements in The SandBox ecosystem, the crypto community might continue to invest in SAND for the next 8 years and drive significant price rallies for the token. Hence, The SandBox (SAND) might hit $20 by 2030.
Conclusion
With continuous improvements in The SandBox network, we can say that 2023 is a good year for SAND. For this reason, the bullish price prediction of The SandBox (SAND) in 2023 is $1.4200. On the other hand, the bearish price prediction of The SandBox (SAND) price prediction for 2023 is $0.4073.
Furthermore, with the advancements and upgrades to The SandBox ecosystem, the performance of SAND would help to reach above its current all-time high (ATH) of $8.40 very soon. But, it might also reach $2 if the investors believe that SAND is a good investment in 2023.
FAQ
The SandBox (SAND) is a play-to-earn (P2E) gaming token native to The SandBox, a 3D metaverse game. It was launched as an ERC-20 token in 2011.
The SandBox (SAND) has been listed on many crypto exchanges which include Binance, BTCEX, OKX, Bitrue, WhiteBIT, and CoinTiger.
With the ongoing developments and upgrades within The SandBox platform, SAND has a high possibility of reaching its ATH soon.
On November 25, 2021 The SandBox (SAND) reached its new all-time high (ATH) of $8.40.
The SandBox (SAND) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of The SandBox in the past few months, SAND is considered a good investment in 2023.
The SandBox (SAND) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then The SandBox (SAND) will hit $2 soon.
The Sandbox (SAND) price is expected to reach $7 by 2024.
The Sandbox (SAND) price is expected to reach $9 by 2025.
The Sandbox (SAND) price is expected to reach $910 by 2026.
The Sandbox (SAND) price is expected to reach $12 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
