SAND GBP Price Analysis
The Sandbox is a widespread metaverse with its native token, SAND. This article shares the price analysis of the trading pair SAND-GBP.
The Sandbox is the third-largest Ethereum blockchain-based metaverse. Users can create, share, and monetize assets (such as real estate) and gaming experiences. In the virtual world, people can own assets, play, build, and own their properties and in-game purchases. Furthermore, they can sell such assets for real-world money.
Gamers' rights in traditional games are restricted. While powerful virtual gaming is not new, it allows players to monetize and own their creations. This is why Pixowl, a game development company, created it to revolutionise the traditional gaming market.
In addition to the blockchain, The Sandbox uses the potential of non-fungible tokens (NFTs) to allow people to interact with the virtual world. NFTs provide users with characteristics such as scarcity, security, and authenticity.
While the Sandbox is not the only Metaverse offering, it is unique in its product portfolio breadth. It consists of three products that provide gamers with a comprehensive experience:
• VoxEdit: It is a programme allowing users to create and animate 3D objects. These objects are known as assets and adhere to the ERC-1155 token standard. With a single, smart contract, this standard enables the minting of fungible and non-fungible objects. Non-fungible tokens are unique, whereas fungible objects are not and can be traded for another asset.
• The Sandbox Game Market: It allows users to create free 3D games.
• The Sandbox Marketplace: allows users to sell their assets (after uploading them on an interplanetary file system – a protocol used for storing and sharing any files).
These three products, when combined, benefit gamers by granting them ownership of their content. Pixowl accomplishes this through the use of blockchain and smart contracts.
SAND GBP price analysis
The Sandbox has a current market cap of 760.108M. The token's total supply is three billion, and the current circulating supply is 1.50B tokens. The total volume is 124,425,944, and the 24-hour volume is 125.24M. The current price of the trading pair SAND GBP is 0.5081, which is 2.3295% up from the previous day. It has been trading between 0.494486 and 0.507720 in a 24-hour time range. Also, in the period of 52 weeks, it has been trading between 0.468573 to 6.325037.
Gov Capital predicted that the SAND token would end the year at slightly less than 3.59GBP. The site then predicted that it would fall to just under 3.42GBP by 27 September, 2023, before potentially falling to just under 8.39GBP per year after that.
When making a SAND GBP token price prediction, remember that cryptocurrency markets are still highly volatile, making it hard to accurately predict a coin or token's price in a few hours and even more challenging to make long-term predictions. As a result, analysts and algorithm-based forecasters can and do make incorrect predictions.
If you are thinking about investing in crypto, we recommend doing your own research first. Before making any investment decision, consider the most recent market trends, news, technical and fundamental analysis, and expert opinion. Remember that past performance is not a guarantee of future results. Furthermore, only trade with money you can afford to lose.
Author: Ronit Singh
Ronit is a passionate content writer, SEO strategist, and founding member of FinEndorse SEO agency. His dedication and experience in writing push him to create relevant and specific copy for the target readers.