2021-11-25 16:26 |
The Sandbox SAND/USD is a blockchain-based virtual world, one that Pixowl developed.
It was essentially created to allow people to create and explore universes.
Metaverse adoption as a catalyst for growthOn October 29, we discussed the surge in metaverse coins following Facebook’s rebranding to Meta.
This bullish trend seen for the SAND token gathered steam after a tweet seemed to confirm that Adidas would get on board with The Sandbox on November 22.
That said, Adidas will seemingly develop what is called “adiVerse” in partnership with The Sandbox. Additionally, the sporting goods company has also purchased a chunk of land in the metaverse.
As a result of this, the SAND token surged in value tremendously, hitting a new all-time high value on November 25, with a value of $8.40.
There is genuine interest in the metaverse as a lot of companies are starting to push their products virtually through leveraging technologies such as non-fungible tokens (NFTs).
Given the fact that The Sandbox (SAND) is one of the biggest projects within this sphere of blockchain technology and crypto, we can expect it, and its token, SAND, to increase in value and popularity throughout the following month, specifically by the end of 2021 or even beyond that point.
Should you buy The Sandbox (SAND)?On November 25, The Sandbox (SAND) had a value of $7.51.
To get a better perspective as to what kind of value point this is for the token, we will go over its all-time high value as well as its performance in October.
When it comes to the all-time high value of the SAND token, it occurred on November 25 as well, but five hours prior to writing this article, where it achieved a value of $8.40 before falling back down to $7.51. This indicated a $0.89 difference in value.
In terms of the performance in October, on October 1, SAND had its lowest value point with a value of $0.66.
Its highest point was on October 31, when the token increased to a value of $2.14. Here, we can see that the token increased in value by $1.48 or by 224%.
With this in mind, we can expect SAND to reach a new all-time high value of $9 by the end of November, making it a solid buy.
The post SAND price movement: how has the SAND token performed after tease of Adidas partnership? appeared first on Invezz.
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