Sandbox Crypto: Smart Investment Or Risky Gamble?

The Sandbox (SAND) is a blockchain project that has been surging in value, entering the list of the world's top 100 biggest cryptocurrencies. It is a metaverse platform that allows users to play, create, and govern a virtual metaverse. With celebrities like Snoop Dogg and companies like Atari supporting the project, The Sandbox has been attracting a lot of attention. This paragraph will explore whether it is a good investment.

The Sandbox's metaverse platform

The Sandbox is a virtual world where players can build, own, and monetise their gaming experiences in the Ethereum blockchain. It is a community-driven platform that allows creators to monetise voxel assets and gaming experiences.

The Sandbox blockchain gaming platform consists of three integrated products that together provide a comprehensive experience for user-generated content (UGC) production. Users can secure copyright ownership for their user-created content through blockchain and smart contracts.

VoxEdit is a free 3D voxel modelling and NFT creation package for PC/Mac that allows users to create and animate 3D objects such as humans, animals, vehicles, foliage, tools and items. Once built, objects can be exported from VoxEdit into The Sandbox marketplace to become NFT game assets.

The Sandbox's NFT marketplace allows users to upload, publish, and sell their NFT creations. Creations are first uploaded into an IPFS network to provide decentralised storage and then registered on the blockchain to prove ownership. Once this is done, creations become assets that can be sold by making an initial sale offer on the marketplace.

The Sandbox Game Maker allows anyone to build 3D games for free, without the need for coding, thanks to accessible visual scripting tools. Creators can build and populate their virtual land with games, assets and interactive experiences.

The Sandbox uses several token types to ensure a circular economy between all the types of users who will interact with the platform: players, creators, curators, and landowners. These token types are:

• SAND: the ERC-20 token used within The Sandbox as the basis for all of the ecosystem's transactions and interactions.
• LAND: a digital piece of real estate in The Sandbox metaverse. Each LAND is a unique (non-fungible) token lying on the public Ethereum blockchain (ERC-721).
• ASSETS: a token created by players who build/assemble user-generated content (UGC). ASSETS utilise the ERC-1155 standard and can be traded on the marketplace.

The Sandbox's SAND token

The Sandbox is a blockchain project in one of the fastest-growing industries in the world. It is a metaverse platform that allows users to play, create, and govern a virtual metaverse. The Sandbox is similar to other metaverse blockchain projects like Decentraland, where in-network-created virtual items are traded as non-fungible tokens (NFTs). SAND is the native token for The Sandbox ecosystem.

The Sandbox has been supported by celebrities and companies such as Snoop Dogg, South China Morning Post, Hell's Kitchen, and Atari, among others. Its price has been in a strong bullish trend in the past few days, surging by more than 250% in the past seven days, bringing its total market capitalization to more than $2.55 billion. It is now the 64th biggest cryptocurrency in the world.

The surge in The Sandbox price is attributed to the ongoing trend of the metaverse, with Facebook recently changing its holding company to Meta and Microsoft announcing it will offer metaverse solutions. Other similar cryptocurrencies, like Decentraland and Axie Infinity, have also surged. Additionally, The Sandbox price is rallying after its developers raised $93 million from Softbank.

The Sandbox price has seen a remarkable rally, surging by more than 1,825% from July 2021 and by more than 475% from its lowest level in October 2021. The price remains above the 25-day and 50-day moving averages, and its MACD has surged to its highest level on record. While the spectacular rally may take a breather as investors start taking profits, the price is expected to resume its bullish trend in the longer term.

However, according to WalletInvestor.com, The Sandbox (SAND) is predicted to be a bad long-term (1-year) investment. Their analysis suggests that SAND is a bad, high-risk 1-year investment option, and it may be devalued in the future. They recommend looking for other projects to build a portfolio instead of investing in SAND.

The Sandbox's market capitalisation

As of September 2024, The Sandbox's market cap is estimated to be around $690,568,768 USD, according to CoinMarketCap. This puts it in the top 100 cryptocurrencies by market cap. However, it's important to note that the market cap of The Sandbox has seen significant changes in the past.

The Sandbox's market cap reached its all-time high in November 2021, when the price of its native token, SAND, surged to its peak. This surge in price and market cap was driven by several factors, including the token's growing popularity, partnerships with major brands, and the overall bullish sentiment in the cryptocurrency market at the time.

However, since then, The Sandbox's market cap has experienced a decline. As of September 2024, the market cap is a fraction of its previous high, and the price of SAND is significantly lower than its all-time high. This decrease in market cap can be attributed to various factors, including the overall bearish sentiment in the cryptocurrency market, competition from other metaverse and gaming tokens, and changes in investor sentiment.

The Sandbox's market cap is also influenced by its circulating supply and total supply. As of March 2021, there were about 680,266,194 SAND tokens in active circulation, representing 23% of the total supply. The maximum supply of SAND tokens is capped at 3,000,000,000, and the initial token distribution allocated portions to the team, advisors, company reserve, investors, and public sales.

The Sandbox's market cap and the price of SAND are also impacted by its unique features as a blockchain-based virtual world. The platform combines decentralised autonomous organisations (DAOs) and non-fungible tokens (NFTs) to create a decentralised gaming community. This allows users to create, build, buy, and sell digital assets within the game, providing revenue opportunities for gamers.

In summary, The Sandbox's market capitalisation has seen significant changes, with an all-time high in November 2021 followed by a decline. Its market cap is influenced by various factors, including token distribution, price fluctuations, and the unique features of the platform. As of September 2024, The Sandbox's market cap is estimated to be around $690 million, but it's important to consider the volatile nature of the cryptocurrency market and conduct thorough research before making any investment decisions.

The Sandbox's price predictions

The Sandbox (SAND) is a community-driven Ethereum-based platform that allows users to create, play, govern, and even monetise their virtual world. Sand is an ERC-20 utility token that powers the platform and is used for transactions and other basic interactions.

2024

According to Wallet Investor, The Sandbox is a bad long-term (1-year) investment and is a high-risk option. It predicts that the price of The Sandbox will drop from 0.261 USD to 0.0451 USD, a change of -82.723%. However, other sources suggest that the price could reach $1.548 in December 2024.

2025

Wallet Investor forecasts that the coin's price will go down to $0.127 by December 2025. PricePrediction.net also expects a decrease in price, reaching around $0.09038. In contrast, TradingBeast predicts a price of around $0.7618.

2026

Most sources predict that the price of The Sandbox will drop further by the end of 2026. PricePrediction.net predicts a price of $0.6198, TradingBeast forecasts $0.2518, and Wallet Investor estimates $0.332.

2027

PricePrediction.net and Wallet Investor have negative forecasts for this year, with predicted prices of $0.3809 and $0.356, respectively. TradingBeast, on the other hand, predicts a more positive outcome of $0.9748.

2028

The Sandbox price forecast for 2028 suggests that the cryptocurrency will reach a maximum price of $3.58 and an average trading price of $3.04. A minimum level of $2.96 is also possible by the end of 2028.

2029

The Sandbox price forecast for 2029 suggests a maximum price of $5.16 and an average trading price of $4.46. The minimum expected price for this year is $4.34.

2030

Long-term predictions for 2030 vary. PricePrediction.net and Wallet Investor predict a downtrend, with projected prices of $0.4003 and $0.0356, respectively. However, TradingBeast remains positive, forecasting a price of $1.22659.

2031

The Sandbox price prediction for 2031 suggests a maximum value of $10.56, with an average trading price of $8.71. A minimum value of $8.46 is also possible.

2032

The Sandbox price prediction for 2032 suggests a minimum level of $12.31. The maximum price is expected to reach $14.66, with an average trading value of $12.66. Changelly, an AI-based price prediction website, also predicts that SAND will reach a maximum price level of $30.57 by the end of 2032.

The Sandbox's competitors

The Sandbox has many competitors, especially in the realm of video games and Web3 gaming. Here is a list of some of The Sandbox's top competitors:

• Sbox.game: With a similarity score of 100%, sbox.game is the top competitor to sandbox.game in terms of keyword traffic, audience targeting, and market overlap. It received 532.1K visits in August 2024.
• Gdevelop.io: Gdevelop is a free and open-source game engine that allows users to learn 2D and 3D game development and publish their games on various platforms. It had 743.5K visits in August 2024.
• Construct.net: Construct 3 is a game-making software that allows users to make games without coding or with JavaScript. It received 1.1M visits in August 2024.
• Flowlab.io: Flowlab is an online game creator that enables users to make and share their own games. It had 74.1K visits in August 2024.
• Lootlocker.com: Lootlocker is a cross-platform backend for developers to build, ship, and run their games. It received 26.8K visits in August 2024.
• Starloopstudios.com: Starloop Studios offers a one-stop solution for end-to-end gaming, helping developers launch, monetize, and scale their video games worldwide.
• Xsolla.com: Xsolla provides a comprehensive suite of tools and services for video game developers, with 4.8M visits in August 2024.
• Unrealengine.com: Unreal Engine is a real-time 3D creation tool for photoreal visuals and immersive experiences, with 5.5M visits in August 2024.
• Indietopia.org: Indietopia is a website with a focus on independent gaming and interactive media. It had 640 visits in August 2024.
• Twitch.tv: Twitch is an interactive livestreaming service that covers a wide range of content, including gaming, entertainment, sports, and music. It is a popular platform with 1.2 billion visits in August 2024.

In addition to these competitors, there are also numerous alternative Web3 games available, such as Sorare, Decentraland, CryptoKitties, and Alien Worlds.

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