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

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

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

Contents

SAND is the native token of The Sandbox, the online experience that enables users to buy, trade and create 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?

From The Sandbox whitepaper

The whitepaper Sandbox: Welcome to the Metaverse was published in August 2020 and is 44 pages long.

The paper states: “The Sandbox is a virtual world where players can build, own and monetise their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. Our vision is to offer a deeply immersive metaverse in which players will create virtual worlds and games collaboratively and without central authority.”

The document goes on to say: “In the current game market, the centralised ownership and control of user-generated content limits creator rights and ownership.”

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 slight overestimation of the coin’s power and it quickly slid in value, spending the middle of the month hovering around the $0.05 mark, before recovering to $0.07018 at the close of August 2020.

Things went downhill again from there, and SAND spent much of September and the start of October between $0.04 and $0.05, before dropping below $0.04 on 20 October 2020. That didn’t mark the end of its decline, though, and SAND fell to its all-time low of $0.02894 on 4 November 2020. There was a small recovery across 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 to reach 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, pushing up the coin’s price 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 2021 and went on to go above $0.30, reaching a monthly high of $0.3645 on 22 February. It dropped back, but SAND’s final figure in February 2021 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 its month-end figure of $0.8293 represented an almost fourfold monthly rise. In April, though, the token failed to carry on building momentum.

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

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

SAND then slipped down to an intraday high of $0.4018 when disaster struck on 19 May. 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 little, it closed the month on $0.3346 – well below what it had been before the crash, and down by almost half from the end of April.

June 2021 was a time of stagnation. There was a monthly high of $0.3692 on 3 June, but for most of the month SAND stood below $0.30 and its June 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 its pre-crash levels.

There was more upward momentum to follow, as the coin broke $0.50 the following day, rising to $0.67 on 15 July 2021. While there were peaks and troughs, the coin hit a monthly high of $0.8407 on 24 July. There was some retreat from this position, but the monthly close of $0.6482 meant that an almost threefold rise had been achieved over the course of the month.

Break through $1

August 2021 saw SAND maintain its position before growing further and finally breaking through the much-promised $1 mark on 29 August, reaching a monthly high of $1.16 the next day. There was a slight drop, however, with SAND’s closing figure for August sitting at $0.955, which still represented a rise by almost half month-on-month. 

In September 2021, the first day of the month’s intraday high of $1.13 was the best the SAND coin would attain, as it then spiralled down to close at $0.6718 – a fall of nearly a third from the end of August.

October 2021 looked like a case of a slow-and-steady rise before its price started to surge beyond even the most bullish SAND coin forecast. On 28 October 2021, 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 the $2 mark to hit $2.35, and the next day’s intraday high of $2.41 marked the coin’s best price during the month. While there was a withdrawal, with SAND closing the day and the month at $1.59, that still represented a doubling in price over the course of three days, as well as a figure that was more than 135% higher than the previous month’s close.

In November 2021, the coin’s price rapidly skyrocketed, breaking the $3 barrier on 2 November. While there were peaks and troughs, the price even exceeded $4 on 20 November and $5 on 23 November. SAND was able to reach its all-time high of $8.44 on 25 November 2021. By the end of the month, the token was trading at $6.77.

December 2021 brought much speculation about the future of crypto, as Bitcoin fell by 19%. SAND was no exception, trading at a low of $4.44 during the month. However, there was some recovery towards the end of December, with the coin trading at a high of $6.96.

Sale of NFT series and recent events

There was a landmark sale of 70% of its Lands non-fungible token (NFT) series on 5 January 2022. The Sandbox joined forces with multiple Hong Kong partners to create a new cultural hub called Mega City, but that had little direct effect on the coin in the prolonged bear market, and its value declined to see SAND trading at $3.00 by 25 January. 

In early February, Gucci launched a series of NFTs after teaming up with Superplastic, a global entertainment brand of designer toys and digital collectables. By 14 February 2022, SAND staking became available on Polygon, and the coin was trading at approximately $4.03. A further partnership was announced on 16 February with Ocean Park, Hong Kong’s second-largest theme park, and the coin traded at $4.18. 

American rapper Snoop Dogg and The Sandbox (SAND) then teamed up to unveil 10,000 Snoop avatar NFTs, The Doggies, in the SAND metaverse. On 22 February, minting of The Doggies began. More luxury brands expanded their roster of digital initiatives into the Sandbox metaverse, and on 23 February 2022, TWINZZ bought some virtual land in the SAND metaverse.

However, shockwaves reverberated through the global markets as Russia began its invasion of Ukraine, and on 24 February the coin was trading at $2.70, down almost 18% from the previous day’s close. However, by 1 March there was some recovery, and the coin was trading at $3.36.

On 2 March 2022, The Sandbox (SAND) announced a partnership with Cube Entertainment, a South Korean firm that operates as a record label for K-Pop artists. Amid the launch of The Sandbox Alpha Season 2, the Sandbox metaverse hit two million users when the latest season went live on 3 March 2022. 

On 19 April 2022, it was reported that The Sandbox is planning to raise $400m in a funding round that would bring its valuation to $4bn. June was another busy month, with The Sandbox joining up with TIME Magazine to build a virtual Times Square in the metaverse. On 28 June, it was revealed that The Sandbox has created a bridge that allows users to transfer LAND and SAND tokens to the Polygon layer-2 network.

SAND/USD price history

Date Close Change Change(%) Open High Low
Nov 26, 2022 0.56864 0.00549 0.97% 0.56315 0.57413 0.56215
Nov 25, 2022 0.56265 0.00050 0.09% 0.56215 0.56415 0.54418
Nov 24, 2022 0.56215 -0.00799 -1.40% 0.57014 0.58911 0.55117
Nov 23, 2022 0.57014 0.01698 3.07% 0.55316 0.57064 0.54367
Nov 22, 2022 0.55266 0.02047 3.85% 0.53219 0.55316 0.51622
Nov 21, 2022 0.53169 -0.01249 -2.30% 0.54418 0.55716 0.51921
Nov 20, 2022 0.54468 -0.04942 -8.32% 0.59410 0.59909 0.53968
Nov 19, 2022 0.59510 0.01897 3.29% 0.57613 0.61607 0.56215
Nov 18, 2022 0.57613 -0.00100 -0.17% 0.57713 0.58811 0.56714
Nov 17, 2022 0.57713 -0.00449 -0.77% 0.58162 0.58711 0.56115
Nov 16, 2022 0.58162 -0.01647 -2.75% 0.59809 0.60658 0.56364
Nov 15, 2022 0.59859 0.01148 1.96% 0.58711 0.61557 0.57563
Nov 14, 2022 0.58661 -0.00100 -0.17% 0.58761 0.60558 0.54667
Nov 13, 2022 0.58811 -0.00250 -0.42% 0.59061 0.66999 0.56814
Nov 12, 2022 0.59061 -0.04093 -6.48% 0.63154 0.63204 0.58411
Nov 11, 2022 0.63154 -0.03895 -5.81% 0.67049 0.67648 0.59759
Nov 10, 2022 0.66999 0.10634 18.87% 0.56365 0.68147 0.55466
Nov 9, 2022 0.56315 -0.14927 -20.95% 0.71242 0.71791 0.55116
Nov 8, 2022 0.71142 -0.12731 -15.18% 0.83873 0.86070 0.59509
Nov 7, 2022 0.83823 -0.00450 -0.53% 0.84273 0.85970 0.81477

At the time of writing on 1 July 2022, SAND is trading at approximately $1.12.

With its price history covered, what is the Sandbox price prediction for 2022 and beyond? 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 SAND coin price prediction for 2022 from WalletInvestor sees it breaking the $2 mark in December. The site also suggests the coin could be worth $3.35 in a year’s time and $11.66 in five years’ time. 

PricePrediction.net suggests a maximum value of $1.60 in 2022. The site says the Sandbox price could reach a minimum level of $2, with an average price of $2.05, in 2023. In five years, the price is forecast to be at an average of $9.06. The Sandbox price prediction for 2030 is an average of $25.95.

Finally, Gov.capital says SAND should reach about $9.94 in a year’s time and a maximum of $87.27 in five years’ time. The Sandbox price prediction for 2025 is for the coin to average around the $50 mark in November.

FAQs

Is The Sandbox a good investment?

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

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

Will The Sandbox price go up?

Possibly. One thing to note, however, is that the coin hit its all-time high fairly recently: it remains to be seen whether it can keep that momentum going or not.

Either way, you should always do your own research on the latest SAND coin price prediction before investing.

Should I invest in The Sandbox?

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 you will be able to buy a Lamborghini with the results of your investment.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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