Sandbox reached 2 million users, is it now the right time to buy the SAND token?

The Sandbox SAND/USD is a play-to-earn game that combines blockchain technology, decentralized finance (DeFi) as well as non-fungible tokens (NFTs) within a 3D metaverse.

This is a virtual world that essentially allows its players to create as well as customize their games and digital assets with free design tools.

SAND is the native cryptocurrency token used within the Sandbox as well as the native marketplace. 

The 2 million player milestone as a catalyst for growth

On February 22, we discussed if SAND was worth buying when it reached $3.

On March 3, 2022, The Sandbox metaverse game has surpassed 2 million registered users due to the play-to-earn season 2 Alpha launch.

The crypto game backed by NFTs and the native token SAND has been in development for four years, and the latest preview comes just a couple of months after the season 1 alpha launch, which occurred in November.

Season 2 officially kicked off, where any user is able to explore 35 different virtual experiences, such as a sneak peek at the “Snoopverse,” which is created in a partnership with the popular rapper Snoop Dogg.

There is a total of 200 quests that players can complete as a means of earning a chance at getting an Alpha Pass NFT that will reward owners up to 1,000 SAND which is worth around $3,000 at the time of writing.

Additionally, on March 2, The Sandbox also made an announcement that it partnered up with Cube Entertainment as a means of developing tokenized assets for the game that feature Korean culture, such as K-Pop.

Should you buy The Sandbox (SAND)?

On March 4, 2022, The Sandbox (SAND) had a value of $3.06.

The all-time high value of The Sandbox (SAND) was on November 25, 2021, when the token reached a value of $8.40. Here, we can see that the token was $5.34 higher in value or by 174%.

When we go over the performance of the token throughout the previous month, The Sandbox (SAND) had its highest point of value on February 9, at $4.81.

Its lowest point of value, however, was on February 24, when the token decreased in value to $2.69.

This gives us an indication that the token decreased in value by $2.12 or by 44%.

However, from February 24 to March 4, the token saw an increase in value of $0.37 or by 13%.

With this in mind, we can expect The Sandbox (SAND) token to reach a value of $4 by the end of March 2022, making it a solid token to purchase.

The post Sandbox reached 2 million users, is it now the right time to buy the SAND token? appeared first on Invezz.