SAND Price in 2022 has dropped from ATH of 8.44USD to 0.58USD and investors are now worried, what should they do now? Let’s analyse.

The 2022 crypto market has seen it all: from a bear market to back-to-back collapses of big exchanges like FTX and revelations of many scams. The prices of coins have fluctuated greatly and Sandbox is no different; the coin that had an all-time high of $8.44 is now trading at $0.58. This has pushed investors to worry about their funds and whether the SAND value will recover in 2023.

In this article, we answer any doubts you may have about the future of the Sandbox project and whether it is worth holding the SAND tokens going into 2023.

What is Sandbox?

Sandbox is a metaverse-centric project built on Ethereum. It is an NFT game that also supports users in their NFT projects. The platform is community-driven and decentralized. Sandbox users can create their digital assets and list them on marketplaces. The native token of Sandbox is SAND. The total supply of the token is 3,000,000,000 and the current supply is 1,500,000,000.

What is the price history of Sandbox?

Last year, with the hype surrounding metaverse, Sandbox reached an alltime high of $8.44 in November 2021. In January 2022, the coin started to face a drop and plummeted to $3. The fluctuations continued throughout the year 2022, as the coin first reached $5 and then again faced a rejection and fell to $2.6. Post April 2022, the value of the coin kept falling and reached $0.90. Today, it is trading at 0.59USD.

Does SAND token have any utility?

The SAND token is the native utility token of the Sandbox virtual world platform. It allows users to access a wide range of features and services, such as buying and selling game assets, staking rewards, participating in governance decisions, and more.

It also serves as the primary medium of exchange within the game, allowing users to purchase ingame items, virtual land, and other gamespecific features. SAND tokens are required to purchase game assets, participate in governance decisions, and staking rewards.

By staking SAND token, users can earn rewards, gain access to exclusive features, and participate in the governance of the platform.

Why is SAND dropping in value?

SAND, though one of the top metaverse projects, seems to be dropping in value. It is not because the project is a scam or the developers are dumping tokens on buyers. There is no fundamental flaw with this Metaverse project. For anyone who has seen at least one crypto cycle, they will know that crypto is very volatile, and every cycle, major altcoins drop by more than 90% in value. With time, they usually recover.

The SAND token price is likely dropping in 2022 due to a combination of factors, including market sentiment, competition from other tokens, and changes in the token‘s perceived utility. Additionally, the rapid expansion of the cryptocurrency market has caused the values of many tokens to fluctuate significantly, and the SAND token is no exception. As the cryptocurrency market continues to evolve, the value of SAND will remain subject to the same market forces.

Is investing in Sandbox in 2023 a good idea?

The future of Sandbox does look to overcome the losses of 2022. In the long term, investing in Sandcoin could get you good profits. The metaverse popularity is bound to grow, which could drive the price of SAND up along with it. NFTs are also being adopted greatly by individuals and multibillion dollar companies, which can further lead to the growth of Sandbox.

At this point, it is difficult to predict if and when SAND will touch its ATH, but looking at its past history, the price would not always be dropping. It is very close to its bottom and in the next 23 years, the coin could give more than 10X return.

How secure and safe is it to use Sandbox?

Sandbox appears to be a secure and trustworthy project. It is built on the Ethereum blockchain and has adopted a proofofstake (PoS) consensus mechanism. They also manage a database that caches the smart contract events to keep track of ownership.

What roadmap is laid for Sandbox in 2023?

Sandbox has many developments lined up for 2023. The platform is regularly updated and is growing their platform. There will be over 5,000 games available, and they are launching new NFTs, land sale, and IPs. Sandbox will also be adding new gaming packages and behaviours, and users will have the chance to earn rewards through the launch of Adituonla Seasons.

Additionally, the Sandbox DAO will allow users to participate in major decisions on the game platform.

How high can the Sandboxs price go in 2023?

According to market predictions, Sandbox‘s price could reach 1.68 USD by December 2023, $3.93 by 2024, $5.69 by 2025, and $38.18 by 2030. You could potentially see a minimum 2X return in 2023. The possibility of a maximum price in 2023 is $1.68 and a minimum price is $0.63. In conclusion, we believe that Sandbox can be profitable for users in the long run if held onto.

However, crypto is a volatile asset class, and the buying and selling of tokens should be solely your decision. You must do enough research before taking any concrete decisions.

Frequently asked questions

Can Sand reach $100 USD?

With the current market conditions, the price prediction does not suggest that Sand could reach $100 USD in this decade. To reach the $100 mark, we might have to wait until 2040 or 2050.

Is Sandbox a scam?

In our opinion, Sandbox shows absolutely no evidence of being a scam or a kind of Ponzi scheme. However, it must be reiterated that cryptocurrency is unpredictable and you should invest carefully since your funds could be subject to a loss.

Where can you buy SAND in INR?

The SAND coin can be easily bought using the Indian rupee on the following sites: WazirX, CoinDCX, Giottus, BitBNS.

Where can you buy SAND in USD/USDT?

Buying SAND tokens with USD or USDT can be done through the following platforms: Binance, Huobi, OKEx, KuCoin, Coinbase. These sites also allow you to buy SAND coins using other altcoins and BTC tokens.

When will SAND ever recover?

Well it is very difficult to say the exact date and time when SAND would start going up. However, what we can say is the the price is very close to its bottom. Holding SAND for long term can fetch great returns.

Can SAND recover in 2023?

It is impossible to predict the future of the SAND cryptocurrency, as it depends on a variety of factors including market conditions, technological developments, and regulatory changes. That said, many cryptocurrency experts believe that SAND has the potential to recover in 2023, as it is positioned to benefit from the growth of decentralized finance (DeFi) and the proliferation of stablecoins. Additionally, SAND is backed by a strong team with a welldefined roadmap and a longterm vision.

Though price is expected to rise, but can it touch its ATH in 2023? We do not think SAND can touch its ATH in 2023 as the current market conditions are too unstable for a significant recovery in such a short amount of time.

SAND in 2023: Buy, Hold or Sell?

For anyone who has not yet purchased SAND, he/she can start doing SIP, or start buying every dip from here. For anyone who is holding SAND already, we would not advise you to sell now. It could drop in value, but eventually the price should go up. If you are selling SAND now, you are risking losing major gains in future.