Historically, humans have always been interested in art and entertainment. Today, the entertainment industry is one of the most profitable ones. People enjoy listening to music, watching TV, staring at artworks, and playing different games. As life gets more digital, so does the way people get entertained. Before the technological revolution, people had to go to the theater to watch a play. Now they can simply open their Netflix and select a movie. Additionally, years ago, people had to go and listen to musicians perform live. Whilst today, they can listen to anything using their phones.
When it comes to games, things have really accelerated. The first-ever video game is Pong. This video game began its journey in 1958 and underwent changes every now and then. This game was simple, all you had to do was play digital tennis. The graphics were terrible, of course. If we compare that game to the games we have today, we can see how far we have come. Although the gaming industry has come this far, it is time for it to take the next step.
Blockchain technology keeps fascinating us in every way possible, even when it comes to games. Today, the gaming industry is getting ready to take the next step and change the life of every gamer forever. Moreover, the gaming industry is bringing the virtual world into the real world through the metaverse. At the time of writing, the metaverse is still small, but as implementation grows, so does the metaverse.
Some of the most promising metaverse projects are Decentraland, Sandbox, Metahero, and ECOMI. However, Sandbox really takes the spotlight. But what is Sandbox?
Sandbox (SAND) Fundamental Analysis
Well, Sandbox is a virtual world built on the Ethereum blockchain. In it, people can build, create, and trade in-game digital assets. Their main goal is to connect the real world to the virtual world – the gaming world to be more exact. The founders of this project are Arthur Madrid and Sebastien Borget. Although the official founder is Pixowl, Arthur and Sebastien were the CEO and COO of Pixowl at the time of Sandbox’s launch.
SAND is the token that powers the Sandbox project. At the time of writing, there are around 913 million SAND tokens in circulation. This token has a maximum supply of 3 billion tokens, making it a token with a capped supply.
The original Sandbox game was launched back in 2012. Nevertheless, the creation of the blockchain version of Sandbox, the Sandbox Metaverse, began in 2018. The Alpha version was released on the 29th of November 2021. This was one of the main causes for the price surge of Sandbox.
The Sandbox Alpha Day! Live Stream #SandboxAlpha https://t.co/P8Nv2xl7ym
— The Sandbox (@TheSandboxGame) December 1, 2021
What makes Sandbox special is its planned level of decentralization. The Sandbox project’s leadership could be given to a decentralized autonomous organization (DAO). This means that there might be no central authority and the power of governing is given back to the users. Many people call the Sandbox metaverse the decentralized, upgraded version of Minecraft.
Many corporations such as Atari, Binance, and Adidas have bought parcels in the Sandbox metaverse. Moreover, TV shows such as The Walking Dead and The Smurfs have also bought their own parcels. As the cherry on top, Snoop Dogg bought tens of parcels recently.
What is $LAND?
Another thing that makes the Sandbox really valuable is the fact that it operates using Non-Fungible Tokens (NFTs). This makes it easy for them to provide Play-to-Earn (P2E) games for their users. If you ever stumbled upon news regarding the Sandbox, you may have heard about $LAND. But what is $LAND? It has a self-explanatory name, to be honest. $LAND is a token, similar to $SAND. However, owning $LAND means you own a particular piece of land in the Sandbox metaverse. Thus, $LAND is non-fungible.
Anyone can buy land in the metaverse, either through OpenSea or directly from the Sandbox marketplace. At the time of writing, there are is no available $LAND for sale at the Sandbox marketplace and the cheapest $LAND you can find in OpenSea is worth 1,888 $SAND or Ξ0.64 (Ξ stands for Ethereum). This makes it very expensive for most people. However, considering how big this project could get, the price is worth paying.
Sandbox (SAND) Price History
According to CoinMarketCap, Sandbox joined the market on the 15th of September 2020. At first, SAND was trading at $0.051. Nevertheless, only after two weeks, SAND hit a price of $0.073. After setting that all-time high, Sandbox’s price fell back to its initial price. Its price bounced between $0.038-$0.051 throughout the rest of 2020. That being said, SAND left the year 2021 with a trading value of $0.035.
The year 2021 was as crazy for SAND as it was for the whole market. In January 2021, SAND experienced quite some growth. By the end of January, its price had doubled and 1 SAND was trading at $0.082. The uptrend went on for months and on the 28th of March, SAND set a new all-time high of $0.83.
In the summer of 2021, SAND lost more than half of its value. By the 21st of June, SAND fell as low as $0.17. This token did not need that much time to recover, however. On the 1st of September, SAND was back on track and finally surpassed the $1.00 milestone. The token met a resistance level around the price of $1.00, resulting in a fall in price.
On the 29th of October, SAND finally broke the resistance. On the 3rd of November 2021, SAND hit a new all-time high of $3.21. Only 3 weeks after, SAND set yet another all-time high by reaching a price of $8.51.
Rank: 90
At the time of writing, SAND is trading at $6.47 and has a trading volume of $2.88 billion. It has a market capitalization of $5.95 billion which puts it on the #38 rank on CMC.
Sandbox (SAND) Market Price Prediction
Sandbox has been getting all the attention lately because of its pump and its alpha version going live. Most predictions regarding this token are bullish, but only some provide a reason to believe that the future of this token is really bullish.
Gov Capital
One of the biggest crypto prediction websites is Gov Capital. According to Gov Capital, SAND could grow even more during the year 2022. Their forecast shows SAND trading at a price between $12.16-$13.98 by the end of the year. Moreover, they are optimistic about the year 2023 as well, giving SAND a possible yearly high of $29.61. Moving forward, SAND might continue its growth and surpass the $30.00 milestone during the year 2024. By the end of 2024, 1 SAND could be worth up to $37.49. In the long run, SAND might reach a trading value of $73.42 exactly five years from now.
Alain HM
One of the few credible cryptocurrency Youtubers out there is Alain HM. This guy publishes videos covering various cryptocurrencies and often presents price predictions. In one of his most recent videos, he talked about SAND and its potential. According to his fundamental analysis, SAND might reach a trading value of $20 in early-2022. He claims that SAND must surpass Shiba Inu’s market capitalization to do so. Then, he proceeds and states that an ecosystem where people can play and build where big corporations are involved has all the factors needed to reach a market capitalization of $30 billion. However, he states that you should be cautious when you invest in such tokens.
Crypto Academy Price Prediction
We at Crypto Academy have done a decent amount of research around the Sandbox metaverse. After countless hours of research, it is safe to say that Sandbox is an amazing project. To summarize everything, let’s say that Sandbox is here to stay forever.
Sandbox (SAND) Price Prediction 2022
For the year 2022, Sandbox could continue to grow even more. Following all the updates that have been going on, Sandbox might reach a new all-time high between $10-$15 in early-2022. After reaching such a price, Sandbox may experience a drawback and be left with a possible price between $8.50-$9.70. The token might dwell around that price for some months until recovering and skyrocketing once again. SAND may reach a price of $20 by the end of 2022. However, because of high volatility, its price might go +-$3.
Sandbox (SAND) Price Prediction 2023
As for 2023, the market might be less bullish than the previous year. Despite that fact, Sandbox could expand even throughout 2023. This is because the metaverse is still just beginning. The metaverse today is similar to how the internet was at the beginning. SAND might have a price of $21.27 when the year 2023 starts. After some ups and downs during the year, this token could end the year 2023 with a trading value between $31.40-$34.20.
Sandbox (SAND) Price Prediction 2024
The year 2024 might be golden for the cryptocurrency market. In 2024, the Bitcoin halving event is set to happen. This event is an indicator of an upcoming bull market. Depending on how the media and the whales behave, this may be the case in 2024. Sandbox is expected to enter the year 2024 with a price of around $33. Nevertheless, the price of SAND could explode in the fourth quarter of 2024, causing it to surpass the $50 milestone. By the end of the year 2024, SAND may be trading at $47.50.
Sandbox (SAND) Price Prediction 2025
Similar to 2021, the year 2025 might be the year that SAND experiences the aftermath of the Bitcoin halving event. This means that the market around SAND could continue to be bullish. As a result, the price of SAND might double during the year 2025. By mid-2025, SAND could reach a trading value between $64.00-$70.00. After this spike, its price may drop back to $55.30 and then skyrocket once again. On the 31st of December, SAND could reach a price of $80.
Sandbox (SAND) Price Prediction 2026
When it comes to 2026, the market might be less volatile, meaning that there will probably be smaller price movements. After such growth, SAND might get down to $75 and build a support zone there. SAND may start a slow uptrend. Because of its supply, SAND could experience a slow increase rather than a quick one. However, this would mean a good thing for SAND since it would lower the likelihood of a dump. After exactly five years, SAND might reach a trading value of around $100.
How to Buy Sandbox (SAND)?
Buying Sandbox is very easy in most exchanges. Moreover, Sandbox is present in nearly every exchange out there. When buying Sandbox, most people suggest you use Binance. Nevertheless, since Binance is limited in some major countries, KuCoin, Kraken, or ByBit might serve as alternatives.
Step 1: Create an Exchange Account
The first thing you should do when trying to buy SAND is create an exchange account. We will be using KuCoin for this example. This step is simple, all you have to do is enter your full name, email, address, and phone number (optional).
Step 2: Fund Your Account
After opening your account, the next step is to fund it. Different exchanges offer different payment methods. However, when it comes to KuCoin, you can buy cryptocurrency using a debit/credit card, a Peer-to-Peer (P2P) transaction, direct bank transfer, or third parties to mediate the purchase.
Step 3: Buy SAND
Now, you are all set for buying SAND. After creating and funding your account, all that there is left to do is use your funds to buy SAND. You should go to “Markets”, search for a market pair that includes SAND, and proceed with the trade. Using the SAND/USDT market pair is recommended because of the liquidity this pair provides.
FAQ
Where to buy Sandbox (SAND)?
At the time of writing, you can buy Sandbox (SAND) in Binance, Huobi Global, KuCoin, FTX, Gate.io, Uniswap, Gemini, Kraken, Bittrex, Poloniex, Crypto.com, 0x Protocol, CoinEx, BitMart, and several other smaller cryptocurrency exchanges. However, most people recommend using Binance, KuCoin, or Crypto.com when buying Sandbox.
Will Sandbox be listed in Coinbase?
Probably. Sandbox has been one of the top 100 cryptocurrencies regarding market capitalization for quite some time. This cryptocurrency project is one of the most anticipated ones and has partnerships with some of the biggest corporations including Adidas and Atari. Considering all the factors that Sandbox has, it is only a matter of time before Coinbase lists Sandbox.
Will Sandbox (SAND) reach $100?
Most probably. Sandbox has x100 from when it first launched. Yet, this cryptocurrency still has a lot of room to grow. Unlike traditional sandbox games, the Sandbox Metaverse is a whole ecosystem. This enables it to serve multiple functions all at once. Moreover, Sandbox uses a Play-to-Earn model which enables players to earn actual money paid in cryptocurrency. People can even implement their DApps in the metaverse. This will serve as an incentive for people to start playing and investing in the game.
Also Read: Decentraland Price Prediction 2021 and Beyond – Is MANA a Good Investment?
Takeaways
- Entertainment has always been something people were willing to pay for. Today, even that is going digital.
- These days, we have various video games that fit different people. However, things are changing with blockchain technology joining the industry.
- Now, projects such as Decentraland, Metahero, The Sandbox, and ECOMI, are changing the way how people view the world of gaming.
- The Sandbox was initially a simple game. Later on, things took a turn and Sandbox began its crypto journey.
- Sandbox is an open-world metaverse where players can trade, create, and destroy.
- In the Sandbox, you can own virtual land and even monetize it.
- By the end of 2026, Sandbox could reach a trading value of more than $100.
- All in all, Sandbox might be one of the best investments you can make.