Million subscriber Ben Armstrong lists 3 catalysts that could lead metaverse coin Sandbox (SAND) to a massive rally. Of course, these analyzes cannot go beyond guesswork. You have kept in mind that the analyst’s views lack certainty. It is always best to invest as a result of your research. Armstrong thinks SAND can be priced in for the following 3 reasons.
3 reasons for the Metaverse coin rally
According to Armstrong, the first reason is the significant investments Sandbox has received. The analyst shares that the project received several large investments early on, from firms such as B Cryptos and True Global Ventures, as well as mainstream gaming companies such as Square Enix. Armstrong also adds that the project also raises funds through token allocation and virtual land sales:
The Sandbox token has been one of the biggest winners of this bull run, increasing by more than 12,000% since the end of last year… The land price has also risen since “Zuckerborg” made its Meta announcement last month. Just before the Facebook announcement, land in The Sandbox was trading at an average of 0.4 ETH. And now, just one month later, it is trading at an average of 3 ETH per plot.
cryptocoin.com Don’t forget to take a look at the metaverse articles (section-1, section-2) we prepared.
SAND is the most decentralized competitor to Facebook’s Meta
As for the second catalyst; Well-known companies and public figures rush to buy land in the Sandbox, where they can eventually build structures, rent to other users, or host events. The analyst thus notes that several big names have listed the project, including crypto exchanges such as international sportswear brand Adidas, Binance and Gemini, voxed versions of the legendary CryptoPunks from Meebits – Larva Labs, CyberKongz VX.
Finally, as Armstrong shared, one of the most exciting things about The Sandbox is that it strives to be decentralized, although there are plenty of metaverse platforms to emerge in the coming years. The analyst adds that in the Sandbox economy, players can create assets or jobs and participate in the economy in various ways, even if they do not own any land. He also notes that there was a ton of anticipation that led specifically to the release of the game’s alpha version, where a select group of early backers got a chance to play the game before it went public. Finally, SAND will stand out for being more “decentralized” than Facebook’s Meta.
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