The Sandbox (SAND) A Platform For Gaming Industry Fans! - Kakiforex.com - Financial Market Media No. 1 in the World The Sandbox (SAND) A Platform For Gaming Industry Fans! The Sandbox (SAND) A Platform For Gaming Industry Fans!
InstaForex

July 2, 2021

The Sandbox (SAND) A Platform For Gaming Industry Fans!

 The Sandbox serves as a blockchain -based virtual world, allowing users to create, build, buy and sell digital assets in the form of games by combining the power of decentralized autonomous organizations (DAOs) and non -fungible tokens (NFTs).


Launched in 2011 by Arthur Madrid who is the CEO at Pixowl.


The main mission of the Sandbox platform is to introduce blockchain technology in mainstream games and focus on a creative “play-to-earn” model, which allows users to become creators and gamers simultaneously.


Sandbox harnesses the power of blockchain technology by introducing SAND utility tokens to facilitate transactions on the platform.


Interestingly, since the company started, it has continued to attract support as well as investment in some of the biggest names in the gaming industry comprising Atari, Helix and CryptoKitties.


Looking at the SAND/USDT chart, the price movement can be seen to see a drastic decline at the market opening of June 2021 to decline to the support zone around $ 0.16.



It can be attributed to the crypto market which has not yet fully recovered from the ‘market crash’ situation has had an impact on the fall in prices.


From a technical point of view, Sand's price movement is seen to be declining and has passed the SBR zone (support become resistance) around $ 0.25 where the zone has just been tested a few days ago.


For further expectations, if the price movement continues to see a downtrend, the RBS (resistance become support) zone around $ 0.20 will be tested again to either make a rebound or continue the decline to the support zone previously recorded.


However, if the price movement returns to the uptrend, the price movement will test the SBR zone around $ 0.25 again before making a higher increase.


At the time of writing, SAND/USDT is trading at around $ 0.22 down over 7% in the last 24 hours. Coins are currently ranked 161st in the crypto market.