SAND, the Sandbox native token is recording almost 500% increase since the end of October, currently trading at $4.25.
More so, before the Facebook announcement, SAND had only seen an all-time high of $1. However, in the first week of November, it hits $3 in just days with market cap spiking over $3 billion.
Furthermore, SAND is for transactions like trading NFTs, renting LAND and other assets, and staking for profit.
Also, there are about 900 million units of SAND in circulation against its final supply of 3 billion.
Additionally, The Facebook announcement proves there’s a lot of interest in the play-to-earn gaming industry. Of course, SAND is spiking by the hype around the Metaverse space.
Lastly, with SAND current bullish momentum, analysts are saying it can hit $5 before the end of the year.
Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>
Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors
