Metaverse is really happening. Since the beginning of the NFT trend, many people have started trading in cryptocurrency. There are plenty of options to choose from. One of them is the Sand Coin.
The sand coin is a platform for creators to monetize their voxel assets and gaming coin experiences on the blockchain. This platform is community-driven. The Sandbox has plenty of features on its site, like Vox Edit to create and animate voxel art, Marketplace to sell and collect the best assets, and also Game Maker to play and create any games possible.
The Sandbox helps users to purchase and sell lands and assets. Moreover, these two forms are the foundation of all transactions on Sandbox. Their supply is a token with the basis of ERC-20. The trades with these tokens can be done on all major cryptocurrency exchange platforms like Gemini, Binance, and FTX.
A game studio called Pixowl inaugurated Sandbox in 2011. Aware of the growing trends in the digital world, this blockchain platform incorporated gaming and cryptocurrencies, the most trending things right now. They also add non-fungible tokens right into the mixture.
The Sandbox is a digital haven for gamers and people interested in land-owning and other assets, even if it is only in the digital world. You can also consider this a digital demo before you decide to purchase any lands in real life. You can even transform the lands you buy into a game scene.
Talking about The Sandbox means mentioning its creator, Ruslan Pichugin. Besides creating The Sandbox, Pichugin is also the founder and CEO of Yocto Games. This Russian creator actively updates the progress of The Sandbox on his Twitter account @ruslanyocto .
Pichugin is not the only influence behind The Sandbox. Arthur Madrid is the CEO and co-founder of Pixowl, which means he is also the core authority of Sandbox. There is also Sebastian Borget, another co-founder at Pixowl. Plus, he is also the COO of the company.
There has been a prediction regarding the growth of the Sandbox token. By the end of 2022, the Sandbox will reach a minimum of $ 1.61. Their maximum price will be $ 1.92 by the end of 2022.
First of all, how many sand coins are there? In total, the maximum supply is 3,000,000,000 Sand tokens. In circulation, there are currently around 680,266,194 Sand tokens. This represents about 23% of the whole supply as of March 2021.
As for the market cap, here are the statistics of the Sandbox tokens:
Of course, many different predictions regarding The Sandbox tokens and many other platforms exist. Looking at this prediction, you might want to start considering investing in The Sandbox for your future. Who knows? You get to earn more on the side through the blockchain technology business. Remember that you still need to take precautions since things can get volatile – entirely out of the blue.
Related Article: Why You Need To Consider Mana Coin As Future Investment
To answer the question above, yes. Why? Based on Cryptopolitan, The Sandbox has already shown signs of progress since the very beginning. This non-fungible token piece started with a valuation of 63.9 ETH (Ethereum).
In a few hours after that, the number increased. The Sandbox may have plummeted in June but rose again to over 5,000 %. No wonder their partners include big names like rapper, actor Snoop Dogg, and sports megabrand Adidas. These names help to provide the coin's fundamental value.
Besides Snoop Dogg and Adidas, the Sandbox has other partners in collaboration, including Atari, Binance, The Smurfs, DeadMau5, and another blockchain platform called BAYC (Bored Ape Yacht Club). There are also platforms like Realm, which have also been motivated to develop non-expendable collections. One of the examples is "Fantasy Island", which mints 100 virtual islands.
In June 2021, the Sandbox was outperformed by Axie Infinity (AXS), another metaverse game token. The clear trend started in December 2021. It was the time many people may have considered or decided what to do with their investment in cryptocurrency everywhere.
In relation to Facebook changing its parent company into Meta (as in Metaverse), Sand has also been strongly bullish previously. The Omicron variant of Covid-19 in this ongoing pandemic may have caused the blip in the numbers. The pandemic has seriously caused a serious dip in most cryptocurrency platforms.
Yuya Hasegawa, a famous cryptocurrency influencer, stated that the statement from financial institutions like Bank of America and JP Morganon about the Sandbox Metaverse has attracted investors. Sales collaboratives with celebrities and famous brands also give the same effect. This means more boost in the prices of the tokens.
Dan Ashmore, a famous cryptocurrency analyst, also believes that the sand coin can reach $ 8 this 2022. Ashmore also thinks this is because of the Sandbox's piggyback ride off the broader boom in the Metaverse – thanks to Facebook rebranding their parent company into Meta in October 2021.
Related Article: Before Investing in Game Coins, Understand These Guidelines
Are you interested in investing in the Sandbox Coin? Have no worries because the process is quick and easy. As long as you have the Coinbase app, you can do that. Here is how:
Now you know why the sand coin is an excellent future investment. Ready to trade?
No Comment