The Sandbox (SAND) dropped over 86% in 2022. CAPEX looks at SAND’s price predictions for 2023 and beyond.
The Sandbox is a play-to-earn blockchain game. Often referred to as a 3D metaverse, this virtual space is based on user-generated content and uses non-fungible tokens (NFTs).
Initially, the Sandbox was first built as two distinct mobile apps. Still, in 2018 it was purchased by Animoca Brands (Hong Kong-based software company that integrates popular games on the blockchain).
The Sandbox is hosted on Ethereum (ETH) network. The metaverse is powered by SAND, its native token.
The Sandbox metaverse was inspired by other two popular games – Roblox and Minecraft. It allows players to not only create their own games but also have ownership over their creations through NFTs.
But what can we expect from Sandbox in the future? What highs may the SAND price hit in 2023? Will the Sandbox price surge or plunge in 5 years?
This article aims to address all the queries related to Sandbox price prediction for 2023 and beyond, fundamentals, and technical updates.
Summary of Sandbox Forecast & Price Predictions
- The Sandbox price prediction today: the metaverse coin could face strong resistance at $1.00 as per charts and experts.
- The Sandbox price prediction 2023: while most experts forecast Sandbox can reach more than $1.00 and even $1.5 during the year, others said crypto winter could extend into 2023 and push SAND’s price as low as $0.4.
- The Sandbox price prediction 2025-2030: most analysts point out that SAND might recover if metaverses regain investors’ interest. A broad adoption of blockchain games and NFTs might help increase the value of SAND.
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Arthur Madrid, the CEO, and co-founder of Pixowl (game developer), is the driving force behind the Sandbox. Pixowl was established in 2011. Since then, the team has continued to build upon the foundation of The Sandbox by using blockchain technology in the metaverse.
Today, the Sandbox is one of the top 3D metaverses that allows users to create and retain ownership over their digital assets. According to the project’s whitepaper, the Sandbox seeks to encourage the blockchain adoption process and grow the blockchain-gaming market.
Within the Sandbox metaverse, users are able to create digital assets, sell them as NFTs on the Sandbox marketplace, and own LAND pieces, which is a virtual real estate that may host all their digital assets.
The platform's SAND token is used to fuel this entire economy. It can also be used to trade the digital assets of the metaverse or buy the LAND NFTs that can be rented out or populated with content. The non-fungible tokens NFTs are unique, indivisible, and cannot be interchangeable and guarantee authenticity and security.
The SAND token is needed to play games, make in-game purchases, and personalize avatars. SAND can also be used to upload assets onto the marketplace or purchase Gems that determine an ASSET's rarity or scarcity. SAND token holders can vote on key elements of the project's roadmap and are eligible for governance.
To earn more SAND tokens, players can engage in crypto staking. This is the only way players can get the gems required for asset creation. It’s important to note that players retain 95% of SAND revenue.
Since the Sandbox is built on the Ethereum blockchain, it’s worth noting that SAND is a token and not a coin. However, most traders may also refer to it as “the SAND coin.”
Related: How to Buy Sandbox
SAND's price has dropped by over 86% during the 2022 bear market.
More than 50 partnerships have been secured by Sandbox to help develop the content for its platform. These include brands such as Shaun the Sheep and investors like Square Enix (who made the iconic Tomb Raider). These partnerships will help the team create a great environment for Sandbox players. These strategic partnerships will allow Sandbox to expand its reach and offer exclusive access to players using the products of the partner companies.
As we already mentioned, the Sandbox metaverse is made up of LANDs. These are creative Sandboxes that players can use to create and monetize gaming experiences. Around 23% of the map was sold within minutes of being made public by the company, generating more than $1 million in sales.
To ensure a circular economy among all users who interact with Sandbox, there are three main tokens. The ERC-20 token SAND will be used in the Sandbox to fund transactions and interactions. The LAND is a digital parcel of real estate within the Sandbox metaverse. Players can create their own experiences by populating the LAND with assets.
Haim Israel, a Bank of America strategist, stated that the metaverse could make cryptocurrency even more popular and increase prices for many metaverse-based crypto coins like SAND.
JPMorgan Chase, an investment bank, published a report on 18 January 2022 that confirmed BoA's bullish forecasts. It stated that the annual revenues of the metaverse industry could exceed $1trn. The report noted The Sandbox among the "main metaverse platform."
The price of the SAND token may rise as more people use it to interact with the metaverse.
SAND's total supply is three billion. As of January 2021, there are around 1.5 billion SAND tokens in circulation, and it ranks as the 45th cryptocurrency (by market cap), according to CoinMarketCap.
With 2023 already looking like another roller-coaster period for digital currencies, CAPEX looks at SAND’s price predictions from best-rated websites and experts.
Sandbox Forecast & Price Prediction 2023 and beyond
Since its November 2021 all-time high (ATH), SAND has been in a steady downtrend. In 2022, SAND followed the general bear market.
The lowest point was reached in January 2023, when the price of SAND dipped under $0.39, which was a 95% drop from its ATH price.
Most forecasters predict an upward trend in 2023, and the average SAND price forecast is around $1.00, which may represent a 26% price increase from its January 2023 level.
The Sandbox Price Prediction 2023
The Sandbox price prediction site Wallet investor is pessimistic and suggests that SAND’s price will drop to an average price of $0.0632 by the end of December 2023.
DigitalCoin is much more optimistic about its Sandbox forecast. It predicts that the price of SAND will be around $1.60 by the end of 2023.
The long-term forecast for the Sandbox from Price Prediction shows that the price will rise to an average price of $1.15 by the end of 2023.
CryptoPredictions has set a price target for the Sandbox at an average of $0.99 for December 2023.
According to Long Forecast, SAND can reach a maximum of $1.21 by the end of 2023. They predict that the Sandbox price will continue to rise throughout the year.
The average consensus price for 2023 is $1 (+26%), which makes the Sandbox (SAND) one of the best cryptocurrencies to buy in 2023. Check also the top 5 cryptocurrencies to explode in 2023.
Sandbox Forecast 2023 – Buy now or wait for new lows?
It is important to remember that cryptocurrency markets are extremely volatile and it is difficult to predict the price of a coin or token in just a few hours. Long-term predictions can also be difficult. Analysts and algorithm-based forecasters are susceptible to making mistakes.
SAND is the token that fuels the entire economy in the Sandbox blockchain metaverse. The token may be used to trade digital assets in the metaverse, can be staked, and it can also be traded on cryptocurrency exchanges. The SAND token has become very popular during the 2021 NFT hype, but its popularity decreased in 2022.
As the chart below shows, SAND is still in a downtrend. The recent consolidation might be accumulation and not a re-distribution, but for evidence of a potential uptrend, a move above 1.00 is needed. A higher low on long-term charts like weekly should signal a more likely change in trend and market sentiment.
You should note that there is not much accumulation or distribution. The Accumulation/ Distribution indicator graph is currently trending flattish. However, it should not be taken too seriously. The RSI indicator wants to trade toward 80, which may indicate that the token is overbought in short term.
While we can speculate about the potential price of the Sandbox over the next months and years, the truth is that the Sandbox still is a highly speculative investment. There is not much historical data to support these predictions. It is important to invest only what you are willing to lose and include some traditional instruments to build a strong investment portfolio.
Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.
Related: How to invest in cryptocurrency
Sandbox Price Prediction 2025
There are indications that the crypto market is entering a new era.
Undoubtedly, SAND's long-term price prediction could rise if technological advancements are made, and the token attracts more attention.
According to the latest SAND price predictions, it could reach an average price of $1.64 (+107%) or more by the end of 2025. PricePrediction forecasts that the average price in 2025 could be $2.32. On the other hand, WalletInvestor predicts that the SAND price may drop to $0.08 by the end of 2025.
However, price predictions do not always reflect long-term earning potential. It is important to analyze the potential financial consequences of this investment to determine if it is a wise financial decision.
Sandbox Price Prediction 2030
Are you expecting the Sandbox to rise in value? The same applies to the Sandbox price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of the Sandbox. The world of 2030 may be quite different from what we see now. What does 2030 hold for the Sandbox?
Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of Sandbox might rise in the future.
By 2030, PricePrediction forecasts that the price of SAND could reach around $15.02. According to a 2030 Sandbox prediction from DigitalCoin, the trading price of SAND could be $8.13. The average of these two SAND price predictions is $11.57, which represents a 1,365% price increase from its January 2023 value.
Is It Possible to Forecast the Price of Sandbox?
Many price predictions for Sandbox are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.
The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.
- Technical Analysis
- Fundamental Analysis
- Sentimental Analysis
Sandbox Forecast using fundamentals
Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price.
You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies.
Fundamental analysis can help traders determine the price of a cryptocurrency based on a wide range of information. This could be a great way to make long-term investment decisions.
How to conduct a Sandbox price prediction today using fundamentals? Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token.
Do not confuse fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data.
The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets.
The following parameters can be used to help investors predict trends in crypto markets:
- Market capitalisation
- Total and circulating supply
- Token utility and use cases
- Community size
- The team behind the crypto project
- The crypto's trading volume
- Crypto exchanges listings
- Partnerships with trusted institutions
- The latest news about the coin
- Government rules and regulations
It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper.
You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes.
Sandbox Forecast using technical analysis
Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately.
Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart.
The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market, and using technical analysis tools is a popular technique for doing so.
Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.
In general, technical analysts look at the following broad types of indicators, formations, and theories:
- Price trends (trendlines, channels, Elliott Waves, Dow Theory)
- Chart patterns (double tops and bottoms, head and shoulders, triangles, wedges)
- Price action (pin bar, inside and outside bars, and different candlesticks chart patterns like Doji candle)
- Trend following indicators (moving averages, Ichimoku, Parabolic SAR, ZigZag, ADX)
- Volatility indicators (Bollinger bands, ATR)
- Oscillators (RSI, MACD, CCI, Stochastic)
- Support and resistance levels (Fibonacci retracements, pivot points)
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The channel can slant upward, downward, or sideways on the chart.
If the price breaks out of a trading channel to the upside, the move could indicate that the price will rally further.
If the price breaks below the lower band (resistance) of the channel, on the other hand, the dip indicates that more selling could be on the way.
Trading channels can be drawn on charts to help see uptrends and downtrends in a stock, commodity, ETF, forex currency pair, and also cryptocurrency. Traders also use channels to identify potential buy and sell points, as well as set price targets and stop-loss points. Other technical indicators, such as volume, can enhance the signals generated from trading channels.
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Sandbox Price Prediction Using Market Sentiments
In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency.
How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based on real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment).
For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, community analysis, and whale monitoring.
The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.
A sentiment index predicts whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell.
Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms.
Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly.
Sandbox Historical Prices
Although past performance shouldn't be used as an indicator for future results, it can give us important context to interpret a Sandbox price prediction and make one of our own.
The outlook for The Sandbox token started to improve at the beginning of February 2021 due to the Sandbox's partnership and cryptocurrency price-tracking site CoinMarketCap, which saw the release of an NFT collection on The Sandbox.
The token's price fluctuated in the months that followed, reaching $3.22 on November 3, 2021. This was after the metaverse declared on November 2nd that it had received $93m from Softbank Vision Fund 2, which would allow the platform to scale up its growth strategy, operations, and player acquisition.
The Sandbox had already partnered with over 165 partners by that time, including Snoop Dogg (US rapper) and the famous TV series The Smurfs. It had also partnered with Liberty City Ventures and Galaxy Interactive, as well as Adidas Originals.
The token hit an all-time high of $8.44 on 25 November 2021 (a 16.387% increase since its launch at $0.051 in August 2020).
The Sandbox announced on 1 December 2021 that players could buy plots right next to the one where Snoop Dogg was constructing his mansion, Snoopverse. The SAND token grew by 2%, from $6.58 the day before to $6.71.
SAND fell 29% to $4.78 mid-month after a drop in Bitcoin and Ether prices at the beginning of December 2022. Despite having partnerships with 10 exchanges and a MAUER NFT collection that commemorates the Berlin wall.
The metaverse's partner, Canadian electronic musician-producer Deathmau5 announced on 21 December 2021 that he launched his NFT collection on The Sandbox. This pushed the SAND token's value up to $6.73 on 26/12, an increase of 41% over its 14 December low.
The token's value line began to fall again in May amid a dip in crypto markets at the beginning of 2022 because of the possibility of tightening monetary policy and geopolitical tensions. The market collapsed in May after the de-pegging and collapse of associated LUNA cryptocurrency. SAND's price fell to $0.9708 by 12 May 2022.
After the cancellation of withdrawals from Celsius (the crypto lending platform) in June 2022, the bearish crypto market was confirmed. SAND dropped to $0.7379 on June 18. SAND traded at $0.38 on December 20, 2022.
As of January 2023, the SAND token trades at around $0.79 and ranks as the 45th cryptocurrency (by market cap), according to CoinMarketCap.
Sandbox Price Prediction - FAQs:
Is the Sandbox worth buying in 2023?
It is uncertain at this time. The outcome will largely depend on the recovery of play-to-earn, NFTs, and the metaverse, as well as the overall performance of the market. Keep in mind that it's important to conduct thorough research before investing. Even well-established cryptocurrencies can be impacted by negative market trends, so investors should be prepared for potential losses and never invest more than they can afford to lose.
How high can the Sandbox go in 2023?
Most cryptocurrency forecasters have made optimistic predictions for SAND’s price in 2023. One of the most optimistic forecasts is $1.60 by DigitalCoin.
Will the Sandbox crash in 2023?
According to most experts and prediction websites, the Sandbox (SAND) has a low chance of crashing in 2023. While most expert forecasters are optimistic about the future price of SAND, some are bearish.
Does the Sandbox have a future?
According to most expert forecasters, the Sandbox will have an upward trend over the next years. DigitalCoin predicts that SAND may rise to over $3.38 by 2026.
It's worth noting that price predictions are often inaccurate, and prices can fluctuate both positively and negatively.
When considering investments in a volatile cryptocurrency market, it's crucial to conduct your own research on a specific coin or token to determine if it aligns with your investment strategy. Whether SAND is a suitable investment for you will depend on factors such as your risk tolerance and the amount you plan to invest.
What will the Sandbox be worth in 5 years?
The Sandbox has a good chance to rise over the next five years if the NFT and metaverses rise again. According to PricePrediction, the Sandbox (SAND) could be worth $7.32 by 2028.
What will the Sandbox be worth in 2025?
According to the latest Sandbox price predictions, SAND could reach an average price of $1.64 or more by the end of 2025.
What will the Sandbox be worth in 2030?
Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of the Sandbox (SAND) might rise in the future.
Considering the few SAND forecasts for 2030, the average price for SAND could be $11.57 by 2030.