A closely followed analyst and host of the popular Coin Bureau channel, a metaverse He said the coin has more potential than most crypto assets in the industry.
The pseudonymous analyst known as Guy has 2.07 million followers in a new video update, despite the price action looking overwhelming for months. sandboxHe explained that it has solid foundations.
“The SAND token is rumoredly rallying because the tech giants got together earlier this week to see metaverse standards. Now I would say that this creates a bearish rather than bullish prospect for crypto, but SAND investors seem to disagree. Too bad the SAND fortress was destroyed (in the long run), by that I mean the price of the SAND.
It’s good that SAND has some real grounding unlike most of the other metaverse coins.”
Last week, a diverse roster of tech giants and multinational companies announced the creation of a “Metaverse Standards Forum” aimed at establishing global interoperability standards for the open metaverse. Some of the companies involved include Huawei, Meta, and Microsoft.
Koinfinans.com As we previously reported, Sandbox also announced a partnership with media giant TIME last week that aims to recreate New York’s Times Square in its virtual world.
TIME CEO Keith Grossman said:
“Our goal is to create a place that will serve as the heart of the metaverse. Since we launched TIMEPieces in September 2021, we’ve focused on developing a Web3 community that leverages TIME’s outstanding 100-year legacy and usability.”
Sandbox (SAND) has outperformed most of the crypto markets in the past seven days. SAND gained 38% in one week.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.