SAND Has Just Been Added On Binance US – Will It Hit $1 In The Coming Days?
October 06 2022 - 12:19AM
NEWSBTC
SAND is the native token of the Sandbox metaverse and is used to
facilitate gameplay transactions such as purchasing digital land
and interacting with user-generated content. Sandbox started out as
collaboration between Pixowl and developer Onimatrix Binance listed
SAND and is already available for trading on its platform The token
is responding positively with this development, trading at $0.86 as
of press time Along with the crypto asset and NFT-type LAND tokens,
SAND makes it all possible for Sandbox to give its users the best
gaming experience. Released as a mobile game in 2012, Sandbox
started out as collaboration between Pixowl and developer
Onimatrix. Six years later, in 2018, Animoca acquired Pixowl and
announced intentions to leverage blockchain technology to create a
3D world and take advantage of token economics and user-generated
content. In August of 2020, an Initial Coin Offering (ICO) was held
by Sandbox and was able to raise $3 million that was then used in
funding its future operations. SAND Is Now Binance-Listed Both
Binance U.S. and Sandbox has already confirmed that SAND has been
listed by the cryptocurrency exchange. The token responded
positively as it showed a considerable price movement. As of this
writing, according to tracking from CoinGecko, SAND is trading at
$0.8644. Its current price is higher than its $0.83 closing price
on October 4 when the announcement about the listing was made. With
this development, SAND was able to break free from its slump that
put it on a downward trend for some time now. In fact, various
indicators such as Awesome Oscillator (AO) and Relative Strength
Index (RSI) are signaling a bullish momentum for the Sandbox token.
Rally To The $1 Mark After this momentous event for the gaming
metaverse, crypto enthusiasts are already looking ahead at what
will come next for the token. Daily time frame trend lines indicate
a support level of $0.807 as it struggled to surpass the $1.011
resistance marker for the entire duration of September. Because of
that failure, SAND’s resistance lowered a bit to $0.90. Related
Reading: Chainlink Crosses $6.18 Trillion In Transaction Value –
Will This Boost LINK Price? Chart: TradingView.com In the crypto
space, the resistance level refers to the point at which an asset’s
price has difficulties increasing. With that being said, a
potential rally towards the highly coveted $1 mark could still be
jeopardy. However, if SAND is able to move out of its current
trading price range, there is a strong possibility that it will hit
is target. One possible thing that can help the asset to realize
this goal is the expected growth in buying activity now that it is
already Binance-listed and more potential buyers have access to it.
Related Reading: XRP Price Could Get A 23% Boost From This Bullish
Formation Breakout SAND total market cap at $1.29 billion |
Featured image from Cryptopolitan, Chart: TradingView.com
Ethereum (COIN:ETHUSD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ethereum (COIN:ETHUSD)
Historical Stock Chart
From Sep 2023 to Sep 2024