• The Sandbox native token has hit a new all-time high as metaverse tokens rally. 
  • The blockchain-based virtual world combines DAOs and NFTs through games on its platform. 
  • Analysts have noted capital rotation out of memecoins and into metaverse tokens like SAND.
  • The token has rallied over 73% over the past week ahead of metaverse Alpha launch. 

After four years of development, Sandbox is ready to launch its Alpha P2E initiative on November 29. The virtual world platform has secured over 50 partnerships to build play-to-earn games and boost the utility of SAND tokens. 

SAND hits new all-time high as it prepares to open its metaverse to players

The Sandbox ecosystem is popular among NFT creators and players that build, share and monetize their games on the platform. The platform’s native token SAND, saw its price rally earlier this week. 

Sandbox recently announced the launch of its metaverse after completing four years of development. The platform has secured partnerships with Crypto Kitties, Sheep, Atari and Shaun to build play-to-earn games on Sandbox’s metaverse. 

The launch of Sandbox Alpha is scheduled for November 29, it is a 3-week long event. Players can participate in Sandbox’s play-to-earn games through the Alpha Pass, an NFT ticket that grants access to the exclusive launch event. 

Sandbox’s native token has decoupled from the top cryptocurrencies and posted a nearly 75% rally over the past week. SAND hit a new all-time high of $4.64 earlier today. 

Proponents consider that capital is rotating out of Bitcoin to metaverse tokens in the current bull run. 

In the days leading up to the launch event on November 29, analysts have predicted that SAND would cross $5 and enter price discovery. Cryptocurrency analysts at “Mind Math Monkey,” a YouTube channel believe that SAND will cross $5 in the ongoing bull run. 

 

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.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Are your bags packed for FOMO Season?

Are your bags packed for FOMO Season?

Crypto markets shows strength to start the second trading week of August, and key levels have been identified. Although it's still early market, current prices may be the ultimate discount in hindsight. BTC follows through on the bullish technicals mentioned in previous outlooks. ETH continues to display strength in the market. XRP seems poised for a rally. Invalidation of the up trend is vital.

More Cryptocurrencies News

Bitcoin price ekes out a 15% move as whales return

Bitcoin price ekes out a 15% move as whales return

BTC reaffirms a triangle breakout to $28,000 after surpassing $24,000. Whales holding 1,000 and more coins grow to 2,051 from 2,040 in a week. Bitcoin price is required to make a daily close above $24,000 to reinforce the move to $28,000.

More Bitcoin News

3 Reasons why Dogecoin price is ready to go ballistic

3 Reasons why Dogecoin price is ready to go ballistic

Dogecoin price sits on the edge of a 26.23% climb to $0.0888. Elon Musk believes DOGE has a larger total transaction capability than Bitcoin. Mark Cuban is confident that Dogecoin potentially has more applications compared to Cardano.

More Dogecoin News

Cardano price edges closer to a massive breakout after months of trying

Cardano price edges closer to a massive breakout after months of trying

A brief technical and on-chain analysis on Cardano price. Here, FXStreet's analysts evaluate where ADA could be heading next. 

More Cardano News

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Read full analysis

BTC

ETH

XRP