A noted cryptocurrency strategist predicts a rise in metaverse altcoin The Sandbox (SAND) and updates his forecast for Bitcoin (BTC).
Pseudonymous analyst Cantering Clark told his 159,900 Twitter followers that he believes SAND could rise at least 38% from its current price.
SAND has nearly doubled in value since the beginning of the year, and Clark believes the blockchain-based gaming ecosystem will continue to proliferate given the strength of the games crypto subsector.
He also said investors are likely to avoid the token unlock which takes place after 14 days, according to the Tokennomics Data website. token unlockThe unlock event is the moment when the token’s investors can sell it after the vesting period has ended, so the token tends to be worth less. However, hedging could act as fuel for further upside as traders betting on asset declines may be forced to buy back if the asset moves against its bias.
“This could very well be the pivot spot for SAND.
After doubling the low, retest the previous weekly low as support above.
Unlocking  Since it is a day, it probably incorporates a large amount of hedging.
The game was #1 for 30 days, last week, and last 24 hours.
$1 minimum. “
SAND is worth $0.72 at the time of writing.
When it comes to Bitcoin, traders share two scenarios for how BTC will reach $30,000. According to Clark, bitcoin could drop to $20,000 before he crosses $31,000 or hit $25,000 and never drop and he could continue to surge into the $30,000 price range. .
“Good morning. I hope this is the start of another wild week. If there are no surprises on Tuesday, I’m willing to close the hedge and buy/add up to $20,000, so I’m willing to keep BTC in the next few months.” I’m sure it’s either blue or red for
Bitcoin is trading at $22,851 at the time of writing.
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