The Sandbox Bullish Momentum Points to New ATH by Q1 2025
SAND
SAND is the native token of The Sandbox, a blockchain-based virtual world that allows users to build, create, play, and trade in-game items, NFTs, and other digital assets. The Sandbox is currently in a consolidation phase, focusing on enhancing its ecosystem and expanding its user base. Analysts predict that with the increase in adoption and the metaverse gaining momentum, SAND could experience a potential rally from its current price and reach a new ATH by Q1 2025.
According to the SAND Exchange Liquidation Map, on a 30-day timeframe, the number of short liquidation leverages is larger than the long liquidation leverage. At the price of $0.7628, there is about $9.08M worth of cumulative short liquidation leverage, while at $0.6212, cumulative long liquidation leverage worth $6.67M is available. Despite the short positions gaining an advantage in the short term, in the long run, the outcome for Sandbox remains optimistic. With Sandbox expanding its ecosystem, increasing adoption, partnerships, and investor interest, the demand for SAND is expected to rise, thereby changing the market sentiment from bearish to bullish.
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