- PwC Hong Kong has purchased digital real estate on Sandbox, price is rallying in response to the news.
- Sandbox successfully completed Alpha season 1 and is gearing up for season 2 in an effort to stay relevant in the metaverse.
- The metaverse token has partnered with Powder Heroes to turn the best moments from Alpha season 1 into NFTs.
- Analysts have predicted another leg up in Sandbox based on the recent price trend.
PwC Hong Kong has purchased digital real estate on Sandbox in the latest metaverse push. The news of the purchase has fueled a bullish narrative for Sandbox price. The metaverse token has posted 8% gains over the past 24 hours.
Sandbox price rallies in response to new digital plot sale in the metaverse
Sandbox, the virtual metaverse that is home to several brands like Adidas and influencers like Snoop Dogg building experiences and storefronts for users, has attracted institutional investment inflow.
PwC Hong Kong has purchased a digital plot of land for an undisclosed amount in a mysterious location in Sandbox’s metaverse. Though the information is not publicly available, the institutional investment inflow has fueled the Sandbox price rally.
Sandbox price has posted early 8% gains since the news, and analysts have predicted a continuation of the metaverse token’s uptrend.
@AltcoinSherpa, a pseudonymous cryptocurrency analyst, is bullish on Sandbox. Based on his analysis, the analyst has predicted a second leg up in the metaverse token’s price rally.
$SAND: This chart looks excellent IMO. Metaverse pump #2 coming soon? I think this is a good passive swing trade. #SAND pic.twitter.com/hyHRvhTyjV
— Altcoin Sherpa (@AltcoinSherpa) December 22, 2021
Interestingly, after completing a successful Alpha season, the metaverse token partnered with Powder Heroes and offered users NFTs of the best moments from the first season. Sandbox is currently launching season 2 of Alpha to welcome more users and gamers to its metaverse.
FXStreet analysts believe that Sandbox price is holding on thin support while bears target the $2.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ripple Price Prediction: How tokenized treasuries could accelerate XRP to $10 by end-2025
The adoption of cryptocurrency-related financial products, including tokenized treasuries, is on overdrive globally, with the focus now shifting to robust networks such as Ripple's XRP Ledger (XRPL).
Sei rallies as Wyoming selects protocol for WYST stablecoin pilot
Sei extends gains above $0.21, decoupling the token from the broader crypto market amid low sentiment and macroeconomic uncertainty. The Wyoming Stable Token Commission selects Sei Network as a candidate blockchain for the WYST, the first fiat-backed stablecoin issued by a US state.
Crypto Today: Bitcoin, Ethereum, XRP nudge higher as geopolitical tensions take a backseat
Bitcoin bulls step up, pushing the price above $106,000, as Trump said he would delay his decision about launching strikes on Iran for up to two weeks. Ethereum rebounds from the 200-day EMA support at $2,477 amid steady interest in the derivatives market.
Solana eyes trend reversal as bearish momentum bottoms out above $140
Solana experiences a minor uptick of under 1% at press time on Friday, with multiple long shadow candles forming above $140 as bearish momentum fades off. The optimism surrounding Solana is on the rise, as evidenced by the SOL Open Interest reaching a weekly high.
Bitcoin Weekly Forecast: The calm before the storm
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.