SAND coin price prediction: Is The Sandbox a good investment?

SAND is the token that powers a world of NFTs, but what is the SAND coin price prediction?

Introduction to the Sandbox virtual game                                 
The Sandbox enables players to sell their own NFTs to other players – Photo: The Sandbox
                                

Contents

SAND is the native token of The Sandbox, the online experience that allows users to buy, trade, and make non fungible tokens (NFTs). What is happening to SAND, what has happened to SAND and what might happen to SAND? Can we make a SAND price prediction?

Before we look at a SAND crypto price prediction, let’s take a look at the SAND price history. Although past performance is no indicator of future results, knowing how SAND has behaved in the past can give some crucial context for a Sandbox price prediction.

SAND price history

SAND first came onto the open market in the summer of 2020. On 14 August that year, it was worth $0.08658.

However, that price was a bit of an overestimation as to the coin’s power, and it quickly slid down in value, spending the middle of the month hovering around the $0.05 mark before recovering to $0.07018 at the close of the month.

Things went downhill from there, and it spent much of September and the start of October between $0.04 and $0.05 before dropping below $0.04 on 20 October. That was not the end of the decline, though, and it fell to its all time low of $0.02894 on 4 November 2020. There was some recovery in the rest of the year, and the token closed 2020 at $0.03565.

January 2021 was an upbeat time for SAND, which broke through the $0.10 barrier when it reached a monthly high of $0.1476 on 21 January. While there was some pullback, the month’s closing price of $0.08266 represented a rise of more than 130% from the end of December. It was this sort of activity that meant many investors started acting on a SAND price prediction that meant the coin’s price began climbing even higher.

By now, the cryptocurrency market was going through a sustained bullish period. SAND was, in its own way, caught up in this action and February saw more growth. It hit an intraday trading high of $0.2136 on 13 February and went on to go above $0.30, reaching a monthly high of $0.3645 on 22 February. There was a drop back, but the final figure in February of $0.2179 still represented a month-on-month rise of more than 160%.

March 2021 showed SAND was still growing. The coin reached a monthly high of $0.9327 on 28 March and the final score of $0.8293 represented an almost fourfold monthly rise. In April, though, the token failed to carry on building momentum.

While there would have been at least one SAND coin-price prediction forecasting the crypto to break $1, this did not happen. Rather, there was a monthly high of $0.8334 on the first day of the month, followed by a slow and steady decline, leaving the SAND coin closing the month 25% down at $0.6211.

SAND price history
SAND price history - Credit: Currency.com

May 2021 was even worse for SAND and its investors. While an intraday trading high of $0.7211 on 4 May looked good, that was the best price for the entire month.

It then slipped down to an intraday high of $0.4018 on 19 May when disaster struck. The Great Crypto Day Crash saw the price drop to a low of $0.1829 – a drop amounting to more than half – in just a few hours, before it recovered to $0.2841. Although the coin climbed back a bit, this was not enough, and it closed the month at $0.3346 – well below what it had been before the crash, and down by almost half from the end of April.

June was a time of stagnation. There was a monthly high of $0.3692 on 3 June, but most of the month saw SAND below $0.30, and the closing price was $0.2453 – down more than a quarter month-on-month. July was better, and when the coin hit $0.4435 on 7 July, it was back above pre-crash levels.There was more to come, however, as the coin broke $0.50 the following day, rising to $0.60 on 14 July. While there were peaks and troughs, the coin hit a monthly high of $0.8442 on 24 July. There was some retreat from this position, but the monthly close of $0.6396 – an almost threefold rise – was achieved over the course of the month.

August 2021 saw SAND maintain its position before growing further and finally breaking through the much-promised $1 on 29 August, getting to a monthly high of $1.20 the next day. There was a slight drop, however, with the closing figure for August sitting at $0.9988, which was still up by almost half month-on-month. 

In September, the first day of the month’s intraday high of $1.13 was the best things got for the SAND coin, as it then spiralled down to close at $0.6718 – a fall of nearly a third from the end of August.

October looked like a case of a slow-and-steady rise before several things happened, which not even the most bullish SAND coin forecast would have predicted. On 28 October, the price opened at $0.7667, but the next day it was back through $1, rising to hit an intraday trading high of $1.19.

The day after that was even more special, however, as SAND suddenly broke through $2 mark to hit $2.35, and the next day’s intraday high of $2.41 was the coin’s best price in the month of October. While there was a withdrawal closing the day and the month at $1.59, that was still a doubling in price over the course of three days, as well as a figure more than 135% higher than the previous month’s close.

Now we are in November, the coin’s price has rapidly skyrocketed, breaking the $3 barrier on 2 November. While there were peaks and troughs, the price even beat $4 on 20 November and $5 on 23 November. There was even an all-time high of $8 intraday reached on 24 November. As things stand, the price of SAND was not far off that score at lunchtime on 25 November, standing around $7.60.

With that out of the way, what is the Sandbox price prediction? Let’s take a look and see what people are saying.

Keep in mind that predictions, especially over the long term, are very often wrong. Also, many crypto price predictions are made using algorithms, which can and do change regularly.

SAND coin-price forecast

The Sandbox price prediction for 2022 from WalletInvestor sees it drop down to $5.807 within a year’s time. The site does suggest there will be recovery, though, with its five-year forecast coming in at $13.305.

PricePrediction.net says that the SAND coin should have an average price of $11 next year and $15.53 the year after that. The site thinks it should be an average of $23.34 in 2024, $33.54 in 2025 and $47.29 in 2026. The average forecast for 2027 comes in at $69.28, and it should hit $98.95 a year after that and $147.77 in 2029. The Sandbox price prediction for 2030, according to the site’s algorithm, lists an average price of $223.32.

Finally, gov.capital says SAND should reach about $8.92 on 25 November 2022, $15.15 in November 2023 and $24.07 in Novmeber 2024. As far as gov.capital is concerned, The Sandbox coin-price prediction for 2025 is $36.08 on 25 November that year, and about $51.61 a year later. 

FAQs

It might be. SAND has certainly performed very well over the past 12 months – in fact, its price has exploded dramatically in value.

That said, you do need to be cautious. Cryptocurrencies can be highly volatile, and prices can definitely go down as well as up. You will need to do your own research, and remember never invest more than you can afford to lose.

Possibly. One thing to note, however, is that it hit an all-time high very recently and it remains to be seen whether it can keep going or not. Either way, you will have to do your own research before investing.

If you are a games player, and you like the idea of making and selling your own NFTs, there are certainly attractions to The Sandbox. However, bear in mind that it is extremely unlikely that you will be able to buy a Lamborghini with the results of your investment.

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