Recently, it has seen a 120% increase in value in the last week. This growth has attracted attention, with analysis indicating a potential increase of up to 200% by 2025. Here are some factors and speculations that support this prediction:
Reasons for optimism about SAND:
1. Market Recovery Scenario: The cryptocurrency market has shown signs of recovery, with metaverse and Web3 projects gaining renewed interest.
2. Partnerships and New Developments: The Sandbox continues to form strategic partnerships, promoting the adoption of its blockchain-based gaming ecosystem.
3. Technical Trend:
• The chart shows a breakout of important resistances, which may indicate buying strength.
• Moving averages and other indicators such as RSI (Relative Strength Index) suggest bullish momentum, but with room for consolidation in the short term.
4. Metaverse Adoption: With companies and brands entering the virtual space, SAND has been seen as one of the leading platforms in the metaverse.
Risks and Considerations
• Market Volatility: Like other altcoins, SAND is subject to market fluctuations and possible correction after a significant rally.
• Competition: The expansion of other projects in the same niche may reduce The Sandbox's dominance.
Projections
• The chart suggests a possible target above $2.33 for 2025, if the market continues to rise.
• Maintaining support in the $0.77 - $0.85 region will be crucial to validate the long-term scenario.