1 year ago
SAND is the autochthonal token of the Sandbox metaverse and is utilized to facilitate gameplay transactions specified arsenic purchasing integer onshore and interacting with user-generated content.
- Sandbox started retired arsenic collaboration betwixt Pixowl and developer Onimatrix
- Binance listed SAND and is already disposable for trading connected its platform
- The token is responding positively with this development, trading astatine $0.86 arsenic of property time
Along with the ASSET and NFT-type LAND tokens, SAND makes it each imaginable for Sandbox to springiness its users the champion gaming experience.
Released arsenic a mobile crippled successful 2012, Sandbox started retired arsenic collaboration betwixt Pixowl and developer Onimatrix.
Six years later, successful 2018, Animoca acquired Pixowl and announced intentions to leverage blockchain exertion to make a 3D satellite and instrumentality vantage of token economics and user-generated content.
In August of 2020, an Initial Coin Offering (ICO) was held by Sandbox and was capable to rise $3 cardinal that was past utilized successful backing its aboriginal operations.
SAND Is Now Binance-Listed
Both Binance U.S. and Sandbox has already confirmed that SAND has been listed by the cryptocurrency exchange.
The token responded positively arsenic it showed a sizeable terms movement. As of this writing, according to tracking from CoinGecko, SAND is trading astatine $0.8644.
Its existent terms is higher than its $0.83 closing terms connected October 4 erstwhile the announcement astir the listing was made.
With this development, SAND was capable to interruption escaped from its slump that enactment it connected a downward inclination for immoderate clip now.
In fact, assorted indicators specified arsenic Awesome Oscillator (AO) and Relative Strength Index (RSI) are signaling a bullish momentum for the Sandbox token.
Rally To The $1 Mark
After this momentous lawsuit for the gaming metaverse, crypto enthusiasts are already looking up astatine what volition travel adjacent for the token.
Daily clip framework inclination lines bespeak a enactment level of $0.807 arsenic it struggled to surpass the $1.011 absorption marker for the full duration of September. Because of that failure, SAND’s absorption lowered a spot to $0.90.
Chart: TradingView.com
In the crypto space, the absorption level refers to the constituent astatine which an asset’s terms has difficulties increasing.
With that being said, a imaginable rally towards the highly coveted $1 people could inactive beryllium jeopardy. However, if SAND is capable to determination retired of its existent trading terms range, determination is simply a beardown anticipation that it volition deed is target.
One imaginable happening that tin assistance the plus to recognize this extremity is the expected maturation successful buying enactment present that it is already Binance-listed and much imaginable buyers person entree to it.
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