The Sandbox (SAND) posted an all -time high value (ATH), $ 6 just now, inviting the excitement of its investors.
What happened?
Some of the factors that have invited the SAND price spike since November 16:
Launch of The Sandbox Alpha
Alpha's play-to-earn program is expected to take place on November 29, 9pm Malaysian time until December 20, 2021.
Only 5,000 lucky users can enjoy access to The Sandbox Alpha along with reward opportunities of up to 1,000 SANDs and three non-fungible tokens (NFTs).
The announcement was made on November 16, pushing the bullish price of SAND.
Get ready for The Sandbox Alpha!
📅 Launching November 29th
🌍 Anyone can experience the Alpha hub and three experiences
🔷 5,000 Alpha passes giving access to content, NFT, and 1,000 SAND!
Get all details below 👇https: //t.co/63iAl5MMmS pic.twitter.com/OiXmbAWYN2
- The Sandbox (@TheSandboxGame) November 16, 2021
SAND price reaction:
SAND posted a jump from a daily low of $ 2.31 on Nov. 16 to its first ATH, $ 4.7 on Nov. 18 before declining back to $ 3.8 on Nov. 21.
SAND again rose from its lowest level, $ 3.7 on Nov. 22 to today’s latest ATH, $ 6.01, with a jump of 62%.
Collaboration with Adidas
Adidas has uploaded a speculative tweet, indicating there is potential for collaboration between the two.
The tweet started with The Sandbox inviting Adidas to join the metaverse space they developed because everything is impossible.
adiVerse anyone? ⁇
What should we build, together in @TheSandboxGame? ⬇️ https://t.co/VbAdIi9cxN
- adidas Originals (@adidasoriginals) November 22, 2021
SAND price reaction:
SAND rose nearly 24%, from a daily low of $ 4.8 on Nov. 23 to $ 6.01 just now.
There seems to be potential for SAND to remain bullish in the long run after a 167% jump since 16 November. However, investors should also be wary of large sales that will result in a decline in the price of SAND.
At the time of writing, the SAND is trading at $ 5.9, up over 11% in 24 hours.
