- Bullish SAND price prediction 2022 is $11
- Skyrocketing price potential of SAND is $50
Important: This SAND price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their SAND price forecast outcome differently. Hence, we strongly suggest doing your own research before buying SAND.
The crypto world is slowly but surely regaining its uptrend position from its bearish dip in the past months. This is all thanks to the crypto networks and other projects that supported the space on its crusade against the bears. NFT and Metaverse are some of the projects in the ecosystem that contributed a lot to the success of the market today.
The Sandbox (SAND) is one of the platforms in the crypto system that supports NFT and metaverse. With the growing space of the NFT and metaverse, do you think SAND will be able to keep up with the trend in the coming months?
SAND Overview (At the time of writing)
What Is The Sandbox (SAND)?
Sandbox (SAND) is a digital asset that uses Ethereum’s blockchain. Hence, the network follows all the rules set by the Ethereum platform.
The network’s native digital asset — SAND will serve as the fuel of the ecosystem. It will be used to pay for all the premium services it offers in the platform.
SAND Price Prediction 2022
Based on the chart above, we can see how The Sandbox (SAND) was able to pull itself away from bearish territory in the last quarter of 2021. As a result, the crypto recorded an all-time high price of $8.40, a price level that made the SAND community and its investors go crazy. All these events happened in a span of 1-2 months.
However, this bullish escapade did not last long. The price of the crypto broke out from its bullish trend. Furthermore, the first month of 2022 opened its doors to SAND with a cold approach, making its price fall deeper from $8.43 to $2.54. Truly, this event can spread FUD among its investors in the network.
Meanwhile, as SAND dipped itself in the bearish territory last month, February welcomes SAND with a warmer approach. In other words, SAND is beginning to surge its position once again and break away from the Fibonacci level of .78 as it smashes the Fibonacci golden level of .618.
If this trend continues, there is a big chance that SAND might break its succeeding resistance like Fibonacci level .38 to .236 and beyond. If this happened, traders and investors might see SAND trading at the bullish price of $8 to $11 per crypto on or before the 4th quarter of 2022.
Meanwhile, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, SAND is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of SAND goes beyond the 70/30 range again, traders might experience a bearish scenario with strong volatility.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
As seen in the chart above, the crypto achieved a growth rate of over +1000% in the last quarter of 2021. If SAND is able to generate another aggressive price pump like this today, the crypto might be able to skyrocket its price to $50 per crypto. Yes, you see it right, $50 per crypto, a trading position that could make its investors and holders millionaires. But of course, this price forecast of the crypto still depends on the performance of the bullish market and the behavior of its investors in the network.
Other Market Prediction for SAND in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for SAND amounts to $5.05.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for SAND amounts to $11.
Market Prediction for SAND Price 2023, 2024, 2025 and 2026
SAND price prediction 2023 is up to $6.01 (estimated)
SAND price prediction 2024 is up to $6.06 (estimated)
SAND price prediction 2025 is up to $8.00 (estimated)
SAND price prediction 2026 is up to $7.41 (estimated)
SAND continues to gain popularity among the traders and investors in the crypto space. Therefore, the conclusion for the SAND price prediction in 2022 amounts from $8 to $11. However, this forecast still depends on how the market will treat SAND in the future
SAND is one of the iconic meme NFT networks in the crypto space nowadays. Through this, we can say that SAND has the potential to be a good investment in the next months of the year.
The price status of SAND depends on many different factors, one of which is the current market situation. If SAND is able to invite more traders and stakers to the platform, there is a big chance that the price of SAND will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the SAND network, an event that is very uncontrollable.
The SAND crypto is one of the most iconic projects in the space. The Binance exchange is one of the famous crypto exchanges supporting SAND crypto.
Yes, SAND is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers to perform their own in-depth research before investing in cryptocurrency.
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