The Sandbox price has risen by nearly 30% in the span of eight days to trade at $0.681.

The bullishness observed on the price indicators suggests SAND could be on the way to retesting the resistance level at $0.815.

If the critical support at $0.676 is lost, the altcoin could slip back to March lows of $0.531.

Sandbox price has been following the broader market cues for more than a week now, resulting in the recovery of the losses noted at the beginning of the month. The changing market trend might favor a price rise, provided the bulls support the altcoin going forward.

Sandbox price to continue recovery

Sandbox price, trading at $0.681, has risen by close to 30% in the last eight days. The increase in price enabled the altcoin to regain the support of the 50 and 100-day Exponential Moving Averages (EMAs), which act as a solid base for recovery.

The confluence of these EMAs at $0.676 marked the critical support level for SAND.

Looking at the price indicators, the narrative seems to be bullish at the moment. The Parabolic Stop and Reverse (SAR) indicator is still highlighting an uptrend.

The presence of the blue dots of the indicator below the candlesticks is evidence of the same. The Relative Strength Index (RSI) is also above the neutral line at 50.0. If the indicator bounces off this line, a rise is likely.

Thus, a push from bullish traders would result in the altcoin maintaining $0.676 as critical support, rising to tag the resistance level at $0.718. The level marks the 50.0 Fibonacci retracement of $0.782 to $0.533.

Flipping it into a support floor would enable a rise to the critical resistance level at $0.815, breaching the 200-day EMA and marking a 20% rally.

However, if the trend changes and SAND falls through the critical support, the altcoin would note some decline. Sandbox price could be susceptible to a 22% crash bringing the cryptocurrency down to March lows of $0.531.

#sandbox #Binance #BTC #GameFi #koinmilyoner

The Sandbox has partnered with hardware wallet maker Ledger  🔥

The two companies will share mutual benefits  🔥

The Sandbox finds itself among the top metaverse platforms in the space, with thousands of users exploring its virtual lands for exciting experiences. However, the interest in the platform is not limited to players looking for fun but also hackers and scammers. 

So, The Sandbox is leveling up its security by partnering with one of the best solution providers in the industry, Ledger. 

Protecting The Sandbox

On March 23, The Sandbox announced partnering with top security solution provider Ledger to scale its security stack and treasury management.

Through this partnership, Ledger will offer security integration to brand partners of the metaverse platform, making it easier for them to secure their assets, such as LAND and NFT collections. 

The two companies first collaborated in educating crypto users about security measures in the metaverse in April 2022. This is the second time the two companies are collaborating.

Sebastien Borget, COO and Co-Founder of The Sandbox, added on their relationship with Ledger: 

“We have a long relationship with Ledger, and we’re excited to deepen our partnership to provide further security to brands entering the metaverse. We are making it easier for our users to access Ledger and for Ledger clients to access The Sandbox, and that will also make it easier and safer for individuals and brands to thrive in the metaverse.”

Here’s a quick rundown of what the partnership will bring: 

Ledger will add support for the Sandbox assets in its solutions. 

The security solution provider will add a widget for The Sandbox on its desktop app. 

The Sandbox will work with Ledger to recommend its solution lineup to LAND owners. 

The metaverse will migrate all NFTs in its collection wallet to a secure Ledger wallet for added security. 

Alex Zinder, Head of Enterprise at Ledger, shared that web3 projects that create or store digital assets are vulnerable to rising hacks, scams, and mismanagement. The Sandbox works with numerous brands, so it must focus on building trust with its security. 

On the Flipside

The Sandbox was recently compromised. Hackers gained access to an employee’s email and sent emails promoting a fake event to users. 

Why You Should Care

The Sandbox works with numerous high-profile brands and partners new to web3. Partnerships with mainstream companies are effective in welcoming newer users into the space who aren’t aware of security measures. With the rising influx of users, the metaverse platform must improve security and make it safer for unaware users. 

The partnership with Ledger is a big step for The metaverse company in its commitment to building trust and providing a safe and accessible platform to all users. 

#sandbox #Binance #crypto2023 #Metaverse