Users can purchase virtual land plots in The Sandbox, an Ethereum-based game. If the metaverse develops as many have projected, this project could gain tremendously. There have been suggestions that it could be the subject of a takeover attempt by a well-known tech giant.
Only a few days after Microsoft and Meta announced the creation of the Metaverse Standards Forum, The Sandbox’s SAND token has increased by approximately 20%. The Metaverse Standards Forum, which was formed on Tuesday and includes Alibaba and Sony as well. Its objective is to promote coordination and cooperation among the hundreds of businesses vying for a place in whatever the metaverse evolves.
Time Magazine and Sandbox have also collaborated to design a virtual Times Square in the Metaverse. The price of cryptocurrencies is falling; Bitcoin is down around 3% and Ethereum is down approximately 4%. Let’s take a look at the SAND price levels
SAND Price Prediction
On June 19, the Sandbox (SAND) price jumped from the $0.8 support. As a result of the comeback bounce, the altcoin passed the psychological $1 threshold and recently exceeded the $1.16 chart level.
The bulls must sustain the price of SAND above the $0.95 support level. Otherwise, the price would fall to the $0.95 support level, thus they must go over the $1.45 resistance level. However, we won’t be bullish in the medium term unless SAND closes over the $1.80 resistance level.
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Images courtesy of TradingView.
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