Sandbox outperforms with double-digit gains ahead of SAND's Alpha launch
- Sandbox Alpha launches today on November 29, 2021, offering players 18 unique metaverse experiences.
- On the eve of Sandbox Alpha launch, SAND price posted double-digit gains overnight, climbing towards an all-time high of $8.40.
- On-chain activity in the Sandbox ecosystem has exploded, daily trade volume has surpassed $4.14 billion.
Sandbox, a virtual blockchain network, is dominating the metaverse with its double-digit price gain. Sandbox is offering exclusive NFTs to community participants holding the Alpha Pass. The Pass allows participants to access the Sandbox Alpha, a multi-week play-to-earn event in the Sandbox metaverse, which starts on Nov 29, 2021.
Sandbox dominates metaverse with massive on-chain activity
Sandbox is a metaverse gaming token that has witnessed a spike in on-chain activity ahead of the launch of SAND Alpha. The play-to-earn metaverse offers 18 experiences to holders of Alpha pass, alongside free NFTs and immersive virtual gaming.
Sandbox Alpha launches today on November 29, 2021. In anticipation of the launch, SAND, the native token, has posted double-digit gains. Sandbox price is climbing steadily, posting over 82% gains over the past week.
The first public #Alpha releases tomorrow
— The Sandbox (@TheSandboxGame) November 28, 2021
What's the first thing you're doing in the #TheSandbox Alpha Hub on release?
❤ - Connect with the community!
- Dance and Explore!
️ - Tell us what you'll be doing!
More info https://t.co/MD5l59lQia#Metaverse #PlayToEarn
One of the top two metaverse tokens (MANA and SAND), Sandbox is dominating play-to-earn gaming. The token's on-chain activity has exploded. The 24-hour trade volume of SAND is $3.7 billion. On November 28, 2021, the daily trade volume surpassed $4.14 billion.
SAND hit a new all-time high at $8.40 four days ago. Now the token's price is less than 10% away from it's all-time high.
As the Sandbox Metaverse goes live, players have the opportunity to explore virtual experiences.
Alongside the Alpha pass for metaverse experiences, Sandbox organized a land-owner raffle to offer 1000 SAND and exclusive alpha NFTs.
Your last chance to be one of the first Alpha Pass holders! The Land owner raffle ends tomorrow, 10am UTC.
— The Sandbox (@TheSandboxGame) November 28, 2021
Get your LAND, enter the raffle, and be the first to have a chance to earn 1,000 $SAND & exclusive alpha NFTs!
Enter here:https://t.co/3WIExLP2Qx pic.twitter.com/TYurX6Us95
Pseudonymous cryptocurrency analyst @AltcoinSherpa decided to stay out of SAND as the analyst expects a lower high unless the price rally slowed down.
$SAND: Front ran
— Altcoin Sherpa (@AltcoinSherpa) November 28, 2021
Staying out for now, will be patient. Lower high likely to come unless this chills for a bit IMO. https://t.co/LFvfeLkvaf pic.twitter.com/qUUGjRCl4G
A cryptocurrency analyst and trader @LadyofCrypto1 shared her bullish outlook on SAND. The analyst purchased SAND at $0.06 and continues to hold a percentage of tokens in her portfolio.
1/ This is how I bought $SAND at 0.06 and held it till today.
— Lady of Crypto (@LadyofCrypto1) November 28, 2021
I talk about scaling in and out all the time, but visualising how to do it over several months, and retraces, is hard.
Now you have a rough guide. These numbers are not precise but close enough. NFA DYOR pic.twitter.com/ULGI7S8yiI
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
