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Summary
- The Sandbox’s native crypto SAND pumped up over 62 per cent as the blockchain-led gaming platform launched a new character “The Walking Dead”.
- The metaverse-based gaming network gives chances to its users to create, own, and monetize digital gaming products.
- SAND tokens could gain US$ 1 apiece this year, guided by their popularity among GenZ.
The Sandbox is a virtual reality game that is based on Ethereum’s blockchain. It allows players to develop, buy and sell digital products in the form of metaverse games. It has a utility token known as SAND, which has rocketed over 62 per cent on early Thursday, July 15, following the Sandbox added “The Walking Dead” character on its gaming platform.
It was launched in 2011 by a video game publisher PIXOWL Inc. The decentralized gaming platform also offers metaverse non-fungible tokens (NFTs). Sandbox’s zombie NFTs are popular among the gaming community. The decentralized autonomous gaming organization seeks to take blockchain technology mainstream.
The Sandbox works on a play-to-earn model, and all transactions take place in SAND coins. It provides games like The Walking Dead, The Smurfs, Roller Coaster Tycoon World through its mainnet network. The Sandbox users can also buy virtual lands in the form of NFTs.
SAND tokens were trading at $0.64 on Thursday, July 15, with a volume of US$ 1.36 billion. The gaming token soared over 62 per cent in the last 24 hours. It has a current supply of 703 million tokens against its maximum supply of 3 million coins, as per CoinMarketCap. It has a market cap of US$ 449 million, which helps it rank at 107 out of 10,900 tokens.
What is SAND coin price prediction?
The Sandbox is a pioneer in the blockchain-based gaming platform. The project team aims to boost its decentralized governance using SAND tokens.
The virtual gaming utility token started trading at almost US$0 apiece on August 14, 2020. SAND posted a lifetime record price of around 93 cents in late March. It is currently down 31 per cent against its all-time high.
The token may hit US$ 1 apiece this year on the back of rising virtual reality gaming demand among GenZ. It has already gained 1677 per cent year-to-date. Its trading volume zoomed over 438 per cent in the last 24 hours. Its diluted market cap surged over 10 per cent to 1.91 billion on July 15.
Copyright ©Kalkine Media 2021
How to buy a SAND crypto token?
SAND, the Sandbox’s utility token, can be bought or sell on Binance, UniSwap, FTX, Huobi Global, and OKEx. It can be exchanged through Tether (USDT), Bitcoin, Binance’s stablecoin (BUSD), and WETH. Its one-third trading volume comes from the world’s largest crypto exchange, Binance.
