Welcome to our in-depth analysis of Sand coin, a new cryptocurrency player. In this article, we will look at both the fundamental and technical aspects of Sand coin in order to help you decide whether or not to invest. We’ll start by looking at the overall goals of the project, as well as its team and partnerships, as well as its current market performance.
Following that, we’ll dive into the technical aspects of Sand coin, such as its blockchain technology, mining process, and network activity. You’ll have a better understanding of Sand Coin’s potential as an investment opportunity by the end of this article. Let’s get started!
About Sand Coin
Sand coin is an Ethereum blockchain-based digital token that powers The Sandbox, a multiplayer metaverse where players can create, monetize, and participate in blockchain-based gaming experiences. The Sandbox is a decentralized virtual gaming world in which players can purchase digital plots of land known as LAND and build experiences on top of them to share with other users.
It is governed by its users through a decentralized voting system and operates as a decentralized autonomous organization (DAO). Sand tokens are used to facilitate a variety of transactions, such as purchasing LAND, interacting with user-generated content, and staking them to participate in the DAO’s governance.
Sand coin is currently trading at $0.7555, which is relatively stable compared to recent fluctuations. The trading volume for SAND over the past 24 hours was quite high at $242,739,788, representing a significant portion of the coin’s market cap.
Sand has seen a decline in value over the past 7 days, with a low of $0.6801 and a high of $0.8455. Over the past 30 days, the coin has seen a wider range of fluctuations, with a low of $0.3775 and a high of $0.8455.
The coin’s all-time high was $8.44, a decrease of 91.04% from its all-time high. The all-time low of SAND was $0.02894, an increase of 2513.34% from its all-time low. The coin has a circulating supply of 1,499,470,108 SAND and a total supply of 3,000,000,000 SAND, which means that the total supply of SAND is fixed.
The Sandbox is a blockchain-based virtual world that allows users to create and monetize their own non-fungible tokens (NFTs) through the use of its user-friendly software, VoxEdit, and Game Maker. The platform uses the ERC-1155 token standard, which allows for the creation of both fungible and non-fungible tokens with a single smart contract.
The Sandbox’s ecosystem employs many tokens, with the SAND token serving as the main currency for transactions and as a reward for users who contribute to the platform by creating and curating content. SAND can also be used to buy assets and land, which are digital real estate represented by ERC-721 tokens.
The Sandbox has formed over 60 notable partnerships with brands such as the Smurfs, Care Bears, Shaun the Sheep, and Atari, as well as with electronic artists and venture capital investors.
Closing thoughts on Sand coin price prediction
In summary, The Sandbox is an innovative blockchain-based virtual world that allows users to create and monetize NFTs through its user-friendly software, VoxEdit, and Game Maker. The platform has formed a large number of partnerships with well-known brands and artists, and the SAND token serves as a valuable currency for transactions and rewards for content contributors, as well as a means to purchase digital real estate on the platform. However, from a technical analysis point of view, SAND has seen a decline in value over the past 7 days, with a decrease of 91.04% from its all-time high. Therefore investors should be cautious prior to investing.