馃殌馃専 $SAND Rockets 55% in a Day, Outpaces Market Giants with $1.91 Billion Volume
馃殌 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.
馃搱 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.
馃捈 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.
馃幆 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.
馃専 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.