Looking for the next NFT craze? Check out SANDBOX Crypto, here’s why

The rise of the cryptocurrency market made way to a newly established industry. Thanks to smart-contract applications, NFTs came to life and exploded in popularity. There are many attractive NFT projects. In this article, we’re going to shed some light on SANDBOX crypto, a hot project that has amazing investment opportunities.

The world of NFTs has exploded in 2021. Non-Fungible Tokens are not only another real application of smart-contracts. but promises great changes in many industries. People might think that NFTs are only usable for Digital Art transfers and Gaming. It is true that for now, those industries are the only ones using NFTs, but more applications will most definitely be used in the future. For now, NFTs will progress and develop the most using the current applications, and once stable they will surely switch to industries such as Finance, Development, International Business, Cyber-Security, and much more.

The Sandbox - Where NFT meets gaming

What is SANDBOX Crypto?

Sandbox is a virtual world based on blockchain, where users can buy, sell or even create their own digital assets. Thanks to Decentralized autonomous organizations (DAO) and Non-Fungible Tokens (NFTs), Sandbox created the perfect online experience, combining decentralization and gaming. As a mission, Sandbox aims to bring blockchain technology to the masses. Not only do they target gamers, but they attract creators as well, as not only can user play to earn, but also create digital art and sell them in-game.

Does Sandbox have a Token?

SAND is the utility token used on the Sandbox website. It allows users to transact with each other and promotes decentralized governance by allowing users to share their views and ideas about the development of the project.  It’s very easy to earn the SAND token, as you can simply swap your cryptos and get SAND in return on the Sandbox platform, or even buy them directly from well-known exchanges such as Binance or Gate.io.

Is Sandbox (SAND) a good investment?

In order to better assess whether if the project Sandbox is a good investment, we’re going to look at two things that would give us a clearer picture: their user growth and the value of their utility token SAND.

The Sandbox platform started back in 2011. It’s clear that the team behind the project has been long in the crypto game, and should be by now well established given that they’ve seen the crypto market rise and fall throughout the past 10 years. They boast to date an active user base of 40,000. Not too shabby for a project with a target audience that is underground. Although the company still has some control over the project, they aim to have a totally decentralized platform in the next 5 years, where users have complete autonomy vis-a-vis the SAND token.

On the other hand, the SAND token has been making new highs ever since its inception in a Token Sale back in August 2020. The price back then was sitting around USD 0.008, and the current price is around USD 0.56. That’s a solid 6,900% in less than 1 year! Saying that buying at a current price and expecting the same results in the next year is out of the question, but this shows that this project is a solid one and still has room for growth in the medium/long term. The current price reached a strong support area (figure 1) that went in tandem with the whole cryptocurrency market. This represents on the other hand a good buying opportunity, as prices can continue on their uptrend momentum afterward.

SAND/USD 1-day chart showing the uptrend of SAND since inception
Fig.1 SAND/USD 1-day chart showing the uptrend of SAND since inception – TradingView

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Rudy Fares

The Sandbox SAND
The Sandbox SAND© Cryptoticker

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