Rancakmedia.com – Predicted Sandbox token price has increased by 25% to $6.71 in the last 24 hours, according to Coinbase. Sandbox it recently hit an all-time high of $7.24, and some are asking if it will continue to climb.
What will Sandbox look like at the end of 2021? Because SAND is one of the newest crypto metaverses to emerge. Furthermore, the metaverse coin hit an all-time high of $7.24 today, up 108 percent and 777 percent respectively in the past week and month.
According to reports, this Sandbox price increase is related to the upcoming Alpha Sandbox hub, which will launch on November 29 and roll out until December 20.
This Alpha Hub is important because it will allow users to enter the metaverse for the first time. “This is important because their launch and integration of Polygon will involve betting on DeFi and migrating the already fast-growing NFT Sandbox market,” said Rio Rocket, DeFi and NFT expert.
Only 5,000 tickets will be printed under Alpha hub, and the first 1,000 drawings for LAND owners will start this week. In addition, players can receive three worthless tokens (NFT).
Another part contributing to soaring revenues and costs is social media giant Facebook. In late October, Facebook changed its name to Meta to "bring the metaverse to life." Decentraland (MANA), another cryptocurrency metaverse, also benefited from the news.
However, before you go any further, make sure you are aware of the risks associated with cryptocurrencies. This is very risky due to the high volatility of the industry, meaning you can lose a lot of money quickly if you're not careful.
Furthermore, there are various difficulties in the crypto world. In other words, don't invest in anything you don't understand.
What is a Sandbox?
Metaverse is a virtual reality environment where users can interact with each other. It can be compared to a virtual universe. The Metaverse, according to Adam Ng, CEO and founder of market research firm Trusted Malaysia, “will serve as a catalyst” in terms of decentralized governance and finance.
“In the metaverse, people are now buying, acquiring, selling, and trading land, condos, money, clothing and more,” he said. “And they are going up in value, whether on exchanges or in games, in real money or in the metaverse of cryptos.”
Sandbox, a community-driven platform where content creators can monetize voxel ASSETS and gaming experiences on the blockchain, was founded by Sebastian Borget and Arthur Madrid. Sandbox is based on the Ethereum blockchain and uses the SAND token. SAND is available in 3 billion pieces.
There is also a LAND section, which is what cryptocurrencies call a meta world. LANDS will always be limited to 166,464 when owned by players. LAND can also be used to host games, create buildings, and engage in multiplayer activities.
Sandbox Token Price Prediction at the End of 2021
Given the recent progress, one might wonder whether Sandbox can gain even more in the near future to reach $10, or whether Sandbox will crash and crash. To reach $10, the Sandbox must upgrade to 49% first. It's only a matter of time, given recent patterns.
Sandbox's "vesting timeline" has been praised by Rocket, who say the company aims to follow in Minecraft's footsteps and bring its virtual worlds to the PlayStation and Xbox platforms. "We are very likely to see at least 5x or 10x current levels next year," he added if that happened.