Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform
If you look at the 4HR chart below you will find the price is currently at major Support and resistance Zone
A break towards upside can lead to $5
Let’s zoom in and see if we can find some day trading opportunities
On a 30 min chart, it looks like the price can retest $3.5 area, we might see buyers kick in around $3.5, Keep an eye
Although if you like the concept of the metaverse, entering around $3.5 is not a bad idea at all, in a long term we can expect some exponential returns
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