- Sandbox has entered multiple partnerships in preparation to create a “megacity” in the metaverse.
- Sandbox has collaborated with over 165 partners and institutions to unveil its metaverse.
- The metaverse project is preparing for a new land sale on January 13, 2022.
- Analysts have predicted further consolidation in Sandbox price as the metaverse token plunges.
Sandbox is one of the major GameFi projects that posted over a thousand percent in gains in the last quarter of 2021. Analysts have predicted further losses in the metaverse project.
Sandbox price could continue downtrend
After posting massive gains in the last quarter of 2021, the GameFi token Sandbox is on a downtrend.
The project has entered into partnerships with multiple brands like The Walking Dead, Snoop Dogg, Adidas, CryptoKitties, Atari, Care Bears, The Smurfs, PWC, Hong Kong, and the South China Morning Post.
The Sandbox has announced the launch of the Megacity region. The virtual world’s announcement of the new region would mark the beginning of the official sale of land early next week. The announcement reads,
To celebrate the new partners, The Sandbox will launch a new LAND sale on January 13, 2022, that will allow players to purchase choice sports near the LAND’s of the partners announced today.
Analysts have noted that Sandbox was launched in a bear market, and the altcoin offered investors over 400 times. @LadyofCrypto1, a crypto analyst and trader, notes that not all bear markets are alike; however, projects like Sandbox, Axie Infinity, Rune have offered between 400 to 2000 times returns.
5/ -- BEAR LAUNCHES cont --$SAND $AXS $RUNE and others are examples of projects that launched in bear markets and returned 400x to 2000x for investors.
— Lady of Crypto (@LadyofCrypto1) January 6, 2022
Not all bear launches make it, but setting aside capital to buy these launches is smart. Key is to be patient and pick well. pic.twitter.com/v5yV9xeses
@MacnBTC, an analyst and trader, predicted a huge unlock around January 13, 2022. The analyst explains that this could negatively impact the GameFi token’s price.
prob wise to be short on $SAND this month,
— Mac (@MacnBTC) January 4, 2022
huge unlock coming 13 Jan ish
and no, it's not bullish pic.twitter.com/N8Ua9U7Jid
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

Bitcoin celebrates annual Pizza Day with a new all-time high
Bitcoin (BTC) enthusiasts are celebrating Bitcoin Pizza Day with a banger. BTC made a new all-time high on Wednesday and has entered price discovery mode. The OG cryptocurrency is trading above $110,000 for the first time ever.

XRP Price Forecast: Open Interest skyrockets as Volatility Shares to launch XRP futures ETF on NASDAQ
Ripple's (XRP) price accelerates the uptrend to around $2.43 at the time of writing on Thursday, propelled by improving sentiment in the broader crypto market after Bitcoin (BTC) rapidly rallied to new all-time highs at approximately $111,880.

The Graph aims to enable secure cross-chain GRT transfers with Chainlink’s CCIP
The Graph (GRT) plans to adopt the Chainlink (LINK) interoperability standard (CCIP) to enable GRT transfers across three ecosystems. A successful deployment of GRT bridges across Arbitrum (ARB), Base (BASE), and Solana (SOL) will significantly expand its cross-chain functionality.

Top 3 Gainers Fartcoin, Dogwifhat, Popcat: Meme coins lead altcoins rally exploding alongside Bitcoin
Cryptocurrencies broadly extend gains on Thursday, propelled by Bitcoin’s (BTC) surge to new all-time highs at around $111,880. Meanwhile, altcoins continue to gain strength, with Bitcoin dominance (BTC.D) sliding to approximately 63.84%, buoyed by significant rallies in meme coins such as Fartcoin (FARTCOIN), Dogwifhat (WIF) and Popcat (POPCAT).

Bitcoin: BTC stabilizes near $103,000 amid trade optimism, rising institutional demand
Bitcoin (BTC) price stabilizes at around $103,000 when writing on Friday, after facing multiple rejections at the key $105,000 resistance level throughout the week.