2021 was the year of the NFT boom. Of course, the rise in popularity of NFT projects also affected NFT games, and the tokens of some of them made it into the Top 100 cryptocurrencies by market capitalisation. In this article, we'll cover one of the most famous NFT game projects, The Sandbox, as well as its SANDtoken and the price prediction for it.

What is The Sandbox (SAND)?

Sandbox is a decentralised platform for creating and monetising gaming experiences. Its users can both play and create games and virtual worlds, with each creator having ownership of their creations. Digital assets created in The Sandbox can be bought and sold freely. The virtual metaverse of The Sandbox uses Minecraft-style pixel graphics.

Web3 empowers us to create a new format of community-based entertainment and self-expression that is more immersive and social. — Arthur Madrid, Co-founder and CEO of The Sandbox.

The history of The Sandbox

The Sandbox was created by the San Francisco-based mobile games company Pixowl. The company was founded in 2011 by Arthur Madrid and Sebastien Borget.

In May 2012, they released The Sandbox, a mobile game. In 2015, a 2D version of The Sandbox was released for personal computers.

In August 2018, they began working on a blockchain version of the game, and a new 3D version of the game, powered by the Ethereum blockchain, was released in the second half of 2020.

In August 2020, an IEO of the project was conducted on Binance. During the IEO, 12% of the maximum volume of SAND tokens was sold, raising $3 million.

The total volume of tokens was distributed as follows:

• IEO on Binance Launchpad - 12%
• Seed sale - 17.18%
• Strategic Sale - 4%
• Foundation - 12%
• Team - 19%
• Advisors - 10%
• Company Reserve - 25.82%

The Sandbox's features

The Sandbox metaverse is designed like a virtual sandbox, where users can do whatever they want. The platform's gaming ecosystem consists of three integrated products that together provide a complete user-generated content (UGC) production process:

1. A powerful 3D voxel editor, VoxEdit lets any user without any game development experience create in-game assets in the form of 3D models of creatures, items, objects, buildings and use or sell them.
2. An internal marketplace for the sale of custom assets created in VoxEdit. The assets are technically ERC-721 and ERC-1155 non-fungible tokens (NFT).
3. Game Maker is a virtual world game creation software. This is a tool for creating games, i.e., placing game objects created in the editor on a piece of land. The piece of land is also an ERC-721 token and can be bought or sold. In addition to placing items, the user can implement gameplay mechanics and set up scenarios.

Using NFTs to represent gaming assets provides a number of benefits for platform users:

• True digital ownership. Each player forever remains the owner of their in-game objects, and not even the platform's creators have the ability to take them away or revoke their value. In addition, in-game objects can be freely sold and bought.
• Security and immutability are provided by the blockchain.
• Inter-application compatibility. All games are hosted on the same blockchain, and therefore, in-game objects can be transferred between them.

SAND is the platform's native token. Among its main functions, it serves as:

1. The platform's internal currency used for payments between users
2. A governance token that allows users to participate in governance decisions either directly or by delegating the voting rights to some other user
3. Something that can be used in a liquidity mining programme to provide liquidity and get rewarded for it.

All SAND transactions are charged a 5% fee, which is split equally between the Liquidity Mining Pool and the Foundation Fund. The fund is needed to support the ecosystem: to give grants to creators of the best games on the platform, thereby encouraging and stimulating them.

Currently, less than half of SAND tokens are in circulation. According to the token release schedule, all 100% of SAND tokens will be released by January 2025.

The Sandbox (SAND) price analysis

As of 28 July 2022, the SAND token ranked 36th among cryptocurrencies by market capitalisation at $1,674,648,262.

SAND price statistics (as of 28/07/22)

SAND's price history

Shortly after being listed on cryptocurrency exchanges in August 2020, the SAND token price entered a range between $0.033 and $0.056. It moved in that range until 21 January 2021, leaving it briefly only in November 2020, when it reached its all-time low.

On 21 January 2021, the SAND price broke through the resistance at $0.056, marking the start of a global bullish trend. The rally was interrupted by a long correction from early April to late June 2021 but continued thereafter. On 25 November 2021, the price reached its all-time high.

After that, the token's price began to drop. On 29 April 2022, the price broke below the global bullish trend line, and after testing it, the price continued to fall.

SAND/USDT price chart

SAND technical analysis

The SAND price is currently showing a moderately bullish sentiment. After hitting a local low on 18 June 2022, the price has shown several higher highs and higher lows. The moving averages are also showing weak bullish sentiment, but the MACD indicates a state of uncertainty.

At the same time, the price is moving in a rising wedge and can rather likely fall in the near future. The nearest support levels are $0.97 and $0.73, and the nearest resistance levels are $1.50 and $2.45.

TheSandbox (SAND) price prediction 2022

The crypto market is showing signs of recovery, but it's too soon to talk about the return of a bullish trend. If the crypto market goes back to a bullish trend and the SAND price breaks the global resistance line, a new SAND bullish rally is very likely.

TheSandbox (SAND) crypto price prediction for 2022, 2023, 2025 and 2030

The market capitalisation of the SAND token has attracted the attention of forecasting services. Let's see what they think about the prospects for this token.

Trading Beasts' SAND coin price prediction for 2022, 2023, 2025 and 2030

Trading Beasts predict that the token price will continue to decline in 2022, reaching $1.255 by the end of the year. After that, the price is predicted to start rising to reach $1.654 in December 2023, $2.396 in December 2024 and $2.889 in December 2025.

Wallet Investor's SAND coin price prediction for 2022, 2023, 2025 and 2030

Wallet Investor, on the other hand, doesn't expect the price to decline. According to their calculations, the price of SAND will rise in the coming years and reach $2.045 at the end of 2022, $3.753 at the end of 2023 and $7.195 at the end of 2025. After 5 years, in July 2027, the token price will reach $9.846.

DigitalCoinPrice's SAND coin price prediction for 2022, 2023, 2025 and 2030

DigitalCoinPrice also forecasts that the price will rise, although not by as much as Wallet Investor predicts. According to DigitalCoinPrice, the SAND token will be worth $1.76 at the end of 2022, $1.94 at the end of 2023, $3.31 at the end of 2025 and $6.47 at the end of 2030.

PickACrypto's SAND coin price prediction for 2022, 2023, 2025 and 2030

According to PickACrypto's calculations, the price of the SAND token will visit the $1.00-$2.50 range in 2022 and $5.00-$15.00 in 2023-2025.

Gov Capital's SAND coin price prediction for 2022, 2023, 2025 and 2030

Gov Capital expects an impressive rise in the price of SAND in the coming years. According to them, the token will be worth $9.456 in a year and $79.046 in 5 years.

Price Prediction's SAND coin price prediction for 2022, 2023, 2025 and 2030

Price Prediction's forecast is quite optimistic, too. They believe the average trading price of the token will be $1.41 in 2022, $2.05 in 2023, $4.17 in 2025 and $25.95 in 2030.

CryptoPredictions'SAND coin price prediction for 2022, 2023, 2025 and 2030

CryptoPredictions expect SAND to fall to $1.286 by the end of 2022. After that, the price will begin to rise slowly and will reach $1.638 by the end of 2023, $2.862 by the end of 2025 and $3.233 by the end of 2026.

The Sandbox (SAND) overall futureprice predictions

Is The Sandbox coin a good investment?

The prospects for the SAND token look somewhat contradictory. On the one hand, the project and its token have promising features:

• The market for metaverses, including gaming ones, is potentially quite large.
• The project team is actively working on its development.
• The platform has great potential as a space for users' creativity and self-expression.
• The number of tokens is limited.
• Within the platform, the SAND token is multifunctional and can be used for gaming purposes as well as for participating in the governance of the platform and generating revenue.

On the other hand, there are a number of concerns about the outlook for the token's price:

• The competition among both NFT games and metaverses promises to be very high.
• The token's functionality is limited to the platform.
• The explosive rise in the price of the token was largely triggered by the hype around NFT and metaverses.
• The token's release schedule will put additional pressure on the price until January 2025.
• The token runs on the Ethereum blockchain, where transactions are quite expensive.
• The developers control a significant share of the tokens, which makes the platform unlikely to be truly decentralised.

How high can SAND coin go?

If the platform continues to develop successfully, the token's price could exceed $10 in the long term.

The Sandbox (SAND) coin price prediction today

At the moment, the price of the SAND token is moving in a rising wedge. In the near future, the price is highly likely to fall, breaking through the lower boundary of the wedge.