What does Sandbox hold for the users in 2023? Can prices reach the targeted level

• ATH for SAND stands at $8.44, in 2023 holders expect to reach $10.
• In the past year, faced the most number of unique users.

Amid the declining trend in the metaverse platforms, Sandbox managed to maintain its sales supremacy by the end of November. The platform relates to the metaverse and play-to-earn protocol and is an interface of Web3. as metaverse is a still-evolving concept, Sandbox being the most popular, can gain heights of fame and explore new areas of expertise. In the past, it has partnered with many brands and ventures like Gucci, Adidas, Playboy, Ubisoft, Warner Music Company and famous names like Snoop Dog, Shaun the sheep, and Smurfs. These affiliations will certainly benefit as new developments occur and already-established brands will usher in. 

As per the recent situations, where the pandemic is still not eradicated and keeps coming back, the Virtual reality (VR) platforms will outdo the traditional platforms. Sandbox platform may facilitate acts like shopping, virtual conferences, concerts, meetings and whatnot. These will help them to enter the mainstream and build a newer definition of the metaverse and well-define salient features of Web3. Therefore, investment in SAND tokens could be a path to enjoy the metaverse’s rise.

The pictorial of SAND’s surge

SAND prices show a bear-influenced movement, where the prices witnessed 20-EMA falling below the 50-EMA, establishing a bearish swing. The prices have been consolidating for the whole year, forcing the investor out of the market. The volume is non-volatile and has maintained a constant structure. The prices have tested the support zone over the past few weeks. The MACD and RSI reflect the prices to reach an extreme point, where the chances of a surge are decent in the coming year. 

Bear forces have placed selling orders at swings such as $2.50 and $1.10. The overpowering sellers, dedicated to leave, resisted the potential price rise due to the turbulent market conditions. An optimistic picture can be formed if the prices break the 20-EMA. A strong bullish momentum could be established if SAND prices surpass the 50-EMA mark, sending prices to reach $10. The cumulative analysis suggests that bulls can regain dominance over the SAND. 

What can investing in SAND yield?

For instance, if you invest $500 in SAND, hoping for the metaverse industry to boom, you will get 1136 tokens at the current trading price of $0.44. If the token reaches the target of $10, respecting the possible bull run, the investment of $500 will be worth $11360. The return on your investment will be almost 2100%.

The initial quarter can pave the path for prices to reach the target level if the predicted pattern is maintained. The investors could accumulate SAND to book profits from the potential surge. 

Conclusion

Inventors can trust the $0.008 support zone to invest in SAND. Indicators suggest a bullish outlook, with every development in the industry and continuous testing of  newer resistance zones.

Technical levels

Support level: $0.008

Resistance levels: $7.55 and $9.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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