Sandbox takes over the metaverse as demand for virtual real estate explodes

Sandbox, a metaverse token, has gained popularity as one of the top-performing cryptocurrencies of 2021, offering 12,500% gains since the beginning of 2021. The cryptocurrency has recovered from the flash crash over the weekend. 

Sandbox dominates the metaverse, offering high gains to holders

As metaverse gains popularity, investors spent over $100 million to acquire virtual real estate on the Sandbox platform. US rap legend Snoop Dogg recently sold his digital estate on Sandbox, attracting users to the platform. 

Sales of the top 5 NFT metaverse collections were for virtual land in the Sandbox metaverse. 

The platform has become the single largest metaverse collection based on data from Nonfungible.com. The platform unveiled an NFT collection associated with its Alpha event, "Gears and Ducks," on December 6. 

Two more collections, "Creator Fund Collection" and "Factions," are scheduled for launch on December 13 and December 20, respectively. 

Trades on Sandbox's collections totalled  $70.5 million for over 4,433 assets, making it the single metaverse collection to rake in the highest dollar amount. 

Analysts are bullish on Sandbox price. @TraderScarpa, a cryptocurrency analyst, has evaluated the Sandbox price trend and predicted a bullish scenario. The analyst considers $4.5 as strong support. 

The first test of the $4.5 level was bought up fast, which is considered a good sign. @TraderScarpa expects the price to consolidate between $4.5 and $7.7 before moving higher.