The price of The Sandbox (SAND) has surged by 239% in November, reaching a 22-month high. This has sparked speculation about a potential revival of the Metaverse. Data shows that a significant amount of SAND tokens were purchased at lower prices and have now become profitable. If holders continue to hold their positions, further price increases are possible. However, the high concentration of short-term holders could lead to downward pressure if they choose to sell. The next resistance level for SAND is $1.00, but a downturn in the broader crypto market or selling by short-term holders could lead to a correction. The long-term price of SAND will depend on market sentiment and the adoption of Metaverse platforms.
- Content Editor ( beincrypto.com )
- 2024-12-03
Over $400 Million in Sandbox (SAND) Turns Profitable as the Price Skyrockets