No products in the cart.
- Latest
- Trending
ADVERTISEMENT
The Sandbox (SAND/USD) plunged nearly 5% on Monday, extending its bear market losing streak. This loss brought the token to his $0.52 low for the year, a slight recovery. As it stands, the tokens of the Metaverse platform are under Kuma’s control.
SAND isn’t the only one under pressure. Metaverse peers are feeling the heat of a very mild virtual reality space as the crypto winter drags on. Activity this year has been below levels for the sector expected to witness unprecedented growth.
Let’s take the example of Horizon Worlds, the flagship metaverse of tech giant Meta. As of October, Horizon was reported to have less than 200,000 monthly active users. Barring a miracle, Meta is unlikely to reach 500,000 MAU by the end of the year, as originally predicted.
Only time will tell if the low activity in the metaverse is related to the crypto winter. At the moment the metaverse is simply underperforming. Sandbox tokens are therefore in a prolonged slump due to fewer entities entering the nascent sector. Will Tokens Set New Lows?
There is no clear bottom for sandbox tokens on the weekly chart. However, his area around $0.4, where SAND has started to turn bullish, should continue to be watched. This means that SAND could fall by up to 30%. Nonetheless, the bear market is cooling when looking at the candlestick price pattern.
SAND price is bearish and unattractive buyNevertheless, the price is unlikely to drop significantly and SAND could start a reversal if the RSI hits oversold levels. Still, general crypto sentiment should help confirm a bullish reversal in crypto.
eToro
eToro offers a wide range of cryptocurrencies such as Bitcoin, XRP, as well as crypto-fiat and crypto-crypto pairs. eToro users can connect, learn, copy, and be copied by others.
Buy SAND on eToro Today
bit stamp
Bitstamp is a leading cryptocurrency exchange offering fiat or cryptocurrency trading in general. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support and multiple withdrawal methods.
Buy SAND now on Bitstamp
