The Sandbox (SAND) has lately attracted interest with opposing opinions on its potential price movement. Although some analysts believe there is room for large increases, short-term data point to a more wary stance.
Though long-term estimates show a different, more hopeful picture, recent studies hint to a likely in the next weeks. What then is the actual SAND story, and should investors act right now or hold off?
Crypto price prediction website , by mid-October 2024, the total value of The Sandbox should have gone down by 5.45% to $0.232674. Technical indicators are rather unfavorable. If indeed, as it’s turned out today,
The Fear & Greed Index is neutral at 51, then there is definitely no sigh of quick recovery in sight either. SAND has 63% of the green days over the last month; however, its volatility rate is 6.27%, which speaks for continuous instability.
Source:
Transient Issues
Short term, SAND does not look amazing. The technical perspective of things so far is a bit conservative, meaning that now may not be the best time to buy. While SAND has recently been able to display resilience with a decent number of green days, the overall vibe is trending down. Waiting for more favorable conditions could be a preferable plan for people trying to make rapid profits.
Some investors are hanging on despite the great volatility, thinking the market would shortly flip. Nothing new about volatility in cryptocurrencies; The Sandbox has seen such storms previously. This does not mean, though, SAND is impervious to more declines. Should the price projection be accurate, a slide to $0.232674 could attract more short-term market activity.
SAND is currently trading at $0.24. Chart:
Long-Term Positive Outcomes
Unlike the gloomy short-term projection, some analysts—like Alan Santana—are showing a more optimistic long-term stance. Santana speculates that SAND might be in a critical accumulation phase with great upside possibility.
He claims that although recent volatility has caused fluctuations, the coin has regularly reached lower lows since July 2021, pointing an overall increasing trend. Moreover, he thinks that this would be a great opportunity for long-term investors to build SAND at the present low price.
✴️ The Sandbox 1,111% Growth Potential (Accumulation Strategy)
While we are going to be looking at the log. chart for The Sandbox, when we look at the linear chart we can simply say that this pair is trading at bottom prices.
A simple…
— Alan Santana (@lamatrades1111)
Santana has lofty long-term SAND projection. From its present price, he projects a price goal of $22.22, which offers a whopping 8,600% return on investment. Apart from this long-term objective, one has to take short-term figure into account. Santana projects a 415% rise not too far off, then a mid-term target of 1,111%. Investors could make significant gains even before the long-term goal is met.
The whole cryptocurrency sector fought to start a bull run in 2023. , like several cryptocurrencies, fell to their lowest levels in recent months. Some observers believe the market is gradually turning bullish. If this changes, The Sandbox may benefit from a market resurgence.
The Sandbox is currently showing $0.2532 and declining some 0.27% over the past day. Long-term promise is here–even so with a few short-term hazards–because there are some unfavorable warnings at the moment that investors will have to weigh against the more hopeful view for 2025 and going forward.
Featured image from Phemex, chart from TradingView
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
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Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
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Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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