The Sandbox SAND/USD is essentially a virtual metaverse where players are given the opportunity to build, own as well as monetize their gaming experiences, which is built on top of the Ethereum blockchain.
The native cryptocurrency token that powers this platform and is used as a medium of payment is the SAND token.
The Sandbox price recovery
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On February 7, 2022, we covered why The Sandbox price rebounded.
The SAND cryptocurrency token dipped in value by 35% within the span of the last five days. However, it extended from $2.69 to $3.04 throughout that time.
This move marked a huge development in the value of the SAND token as it broke past the previous barrier.
This could potentially propel the value of the SAND token even further, especially with the announcement of The Sandbox Alpha Season 2 made on February 17, 2022, through an official Twitter post.
In any case, The Sandbox has been the go-to destination for a lot of metaverse enthusiasts, and it has showcased a significant level of growth, one which will likely carry on this trend.
Should you buy The Sandbox (SAND)?
On February 22, 2022, The Sandbox (SAND) had a value of $3.0454.
As a means of getting an indication as to what kind of value point this is for the SAND token, we will be going over the token’s all-time high value, alongside its performance throughout the previous month.
The all-time high value of The Sandbox (SAND) was on November 25, 2021, when the token reached a value of $8.40. This means that at its ATH, the token was $5.3546 higher in value or by 176%.
When we go over the performance of the token throughout the previous month, The Sandbox (SAND) had its highest point of value at $5.992.
Its lowest point of value, however, was on January 24, when the token decreased to a value of $2.6778. Here, we can see that the token decreased in value by $3.3142 or by 55%.
However, from January 24 to February 22, the token has seen an increase in value of $0.3676 or by 13%.
With this in mind, we can expect SAND to reach a value of $3.5 by the end of April 2022, making this a solid point in time to buy the token.