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The value of popular NFTs from 2022 has plummeted over the past year.
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NFTs like Doodles, Invisible Friends, Moonbirds and Goblintown have seen their Ether (ETH) value drop by as much as 95%, while even blue-chip NFT collections have experienced an average decrease of over 40%.
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SAND was trading between its daily high of $0.5598 and its 24-hour low of $0.539.
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Meanwhile, SAND was worth about $0.5506 at press time after the crypto experienced a 1.01% price increase over the past day, according to CoinMarketCap.
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Looking at the charts, the candlesticks are currently trading below the MA indicators, which is considered a bearish sentiment.
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The second possibility is that the RSI may fall, but, could recover once again.
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