{"id":21791,"date":"2022-07-04T01:23:32","date_gmt":"2022-07-04T01:23:32","guid":{"rendered":"http:\/\/egrowonline.com\/?p=21791"},"modified":"2022-07-04T01:23:32","modified_gmt":"2022-07-04T01:23:32","slug":"assessing-the-odds-of-the-sandbox-sand-falling-below-1-mark","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=21791","title":{"rendered":"Assessing the odds of The Sandbox [SAND] falling below $1 mark"},"content":{"rendered":"


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The Sandbox [SAND]<\/a> had a run-in with the bears and terrified a lot of its investors after it lost the critical and psychological support level of $1. But fortunately, with the market backing the altcoin, SAND managed to reclaim it. Regardless of its reclaim, it looks like the altcoin is once again being threatened.<\/span><\/p>\n

The Sandbox is back in the box?<\/strong><\/h3>\n

Trading slightly above $1 became the new support level for SAND. After the 60% rally, it managed to invalidate the June crash and was trading at $1.3. However, in the last week, after declining by 20%, SAND fell down and was trading at $1.01, at press time.<\/span><\/p>\n

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The Sandbox price action<\/em> | Source: TradingView \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

SAND\u2019s depreciation from $7.91, its all-time high from November 2021, already threw more than 80% of its investors in the loss. If the Metaverse token was to fall back below $1 again it would lead to additional losses. Furthermore, this might also end up triggering investors to sell the token.<\/span><\/p>\n

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The Sandbox investors in loss <\/em> | Source: Intotheblock \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

The SAND metric-book<\/h3>\n

Although looking at the net exchange flows, the possibility seems bleak since SAND HODLers have been weirdly optimistic in their approach as they have been treating the crashes as dips. <\/span>Consequently, investors have been buying what they considered as the dip. <\/span><\/p>\n

Since the last major selling in February 2022, more than 130 million SAND worth a little over $130 million has been bought back.<\/p>\n

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The Sandbox exchange balance <\/em> | Source: Santiment \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

This maneuver might be based on the hope of a rally which may or may not come, but as long as SAND keeps above $1, this sentiment will continue dominating the investors.<\/span><\/p>\n

Along with this, the expanding demand for the Metaverse is also expected to play a significant role in keeping investors optimistic.<\/span><\/p>\n

Recently The Sandbox was deployed on the Polygon network in an effort to take advantage of the blockchain\u2019s faster transaction speed and lesser gas fees.<\/span><\/p>\n

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🌉 We are ready to deploy LAND to @0xPolygon<\/a> 🌉<\/p>\n

🔸Each LAND bridged grants a 10 mSAND cashback!
🔸LAND multipliers on both mSAND staking programs are back!
🔸LAND sales and LAND staking features (on Polygon) are coming soon!<\/p>\n

BRIDGE NOW ➡️ https:\/\/t.co\/jlcSKxuBWh<\/a> pic.twitter.com\/1tuAAsqEZP<\/a><\/p>\n

\u2014 The Sandbox (@TheSandboxGame) June 28, 2022<\/a><\/p>\n<\/blockquote>\n

Additionally, Coinbase Wallet was also integrated with The Sandbox\u2019s ecosystem to attract more users to its Metaverse.<\/span><\/p>\n

These efforts, as of now, haven\u2019t made any impact on the altcoin\u2019s price or the network\u2019s growth. However, it might keep things from getting worse for this altcoin.<\/span><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Sandbox [SAND] had a run-in with the bears and terrified a lot of its investors after it lost the critical and psychological support level of $1. But fortunately, with the market backing the altcoin, SAND managed to reclaim it. Regardless of its reclaim, it looks like the altcoin is once again being threatened. The […]<\/p>\n","protected":false},"author":1,"featured_media":21792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[2074,667,1162,3532,2567,1346],"class_list":["post-21791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-assessing","tag-falling","tag-mark","tag-odds","tag-sand","tag-sandbox"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/pocket-watch-g680e1d1ef_1280-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21791"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21791\/revisions"}],"predecessor-version":[{"id":21793,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21791\/revisions\/21793"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/21792"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21791"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}