🚀🌟 $SAND Rockets 55% in a Day, Outpaces Market Giants with $1.91 Billion Volume
🚀 SAND Surges 55% in 24 Hours
SAND, the token for The Sandbox metaverse, soared 55% in one day, outpacing Bitcoin and Ethereum, which gained just 1%. Trading volume spiked over 500% to $1.91 billion, signaling heightened market activity.
📈 Increased Transactions and Bullish Momentum
On-chain data shows daily SAND transactions reached a seven-day high of 2,940 on November 23. This surge reflects growing interest and confidence, with higher participation driving bullish momentum.
💼 Exchange Withdrawals Spike
CryptoQuant reports 877 SAND exchange withdrawals, the highest since June 2023. Investors moving assets off exchanges signals increased confidence and a potential long-term holding trend, bolstering bullish sentiment.
🎯 Price Prediction: Aiming for $0.66
SAND trades at $0.61, nearing resistance at $0.66, a level last seen in April. If momentum continues, SAND could reclaim this peak. However, waning sentiment could push the price toward support at $0.56.
🌟 SAND's Market Impact
SAND's meteoric rise showcases its growing appeal and strong market positioning, further solidifying its role as a leading metaverse asset.