With the amount of popularity the world of digital assets has received, it is hard to ignore it these days. Also, we seldom find a day when we don’t come across news about cryptocurrencies. The journey has not been that long, and yet the digital class assets have started to win the hearts and change the minds (in its favor) of quite powerful people. Starting from Elon Musk to institutions like Grayscale, everyone has put their trust in cryptocurrencies immensely. To address the increased demand for digital assets as they become more mainstream, many digital players and traditional financial institutions are turning to blockchain-based B2B digital asset specialists.

Digital assets also incorporate the NFT sector. Non-Fungible assets are beginning to grow mainstream now. Venture capitalists and IT behemoths are continuing to pour money into NFT firms, with $90 million invested till March 2021. These businesses received $35 million in funding last year. And even when the entire crypto space went through a massive correction this year, the NFT trading volume tripled. According to the data, users purchased, bought, and sold an average of 85,787 NFTs with a total value of $5.8 million every day, despite the market catastrophe. With an average of 21,815 NFT sales per day, this is a 277% increase over January.

One such emerging NFT token that has hands-on uplifting the popularity of NFTs in the SandBox token. The token is currently trading at $0.31, with a market cap of $220 million at the time of writing. The Sandbox is a blockchain-based virtual world created by Pixowl that allows users to create, build, purchase, and sell digital goods in the manner of a game. The Sandbox makes use of blockchain technology to create the SAND utility token, which helps with platform transactions. 

Hence, if you’re considering investing in SandBox Token, knowing what others say might help you. This article will provide you with an overview of the SandBox Token price forecast for 2021 and beyond (up to 2025). The aim is to help you decide whether SandBox Token is a good investment.

What Is SandBox?

In a nutshell, The Sandbox is a video game that allows players to design their worlds. Since 2012, The Sandbox has been accessible on iOS and Android devices. Further, it was featured in Apple’s “App Store Best of 2012” in the “Hidden Gem” category. Animoca Brands purchased the game in 2018. The Sandbox platform was created by Animoca Brands and has Voxel-style graphics similar to those used in popular games like Roblox and Minecraft. Moreover, Sandbox is taken to a whole new level by the blockchain-based protocol. It allows users to create their virtual worlds and economies.

The Sandbox creates a decentralized platform for a healthy gaming community by combining the powers of decentralized autonomous organizations (DAO) with non-fungible tokens (NFTs). According to the official whitepaper, the Sandbox platform’s main goal is to successfully incorporate blockchain technology into popular gaming. The platform’s primary goal is to facilitate a creative “play-to-earn” approach that allows users to be both producers and gamers at the same time.

Through the use of non-fungible tokens (NFTs) and blockchain technology, players in The Sandbox now have complete control over how they monetize their digital environment. The Ethereum blockchain, an immutable public ledger keeps accurate records of all transactions. The Sandbox platform is built on Ethereum, giving it the security and strength of the second-largest blockchain. The Sandbox allows players to create games collaboratively and freely throughout the globe, without the need for centralized control. With decentralized finance, this could be a new way to make a passive income (DeFi).

How Does SandBox Work?

The Sandbox is a one-of-a-kind platform that brings blockchain technology to the world of gaming. When it comes to the adoption of blockchain technology, the gaming sector represents a massive unexplored opportunity, as Pixowl discovered in 2011. The Sandbox intends to change the market by establishing a universe in which gamers may develop and gather blockchain-based goods. It carves out a space for itself in the worldwide gaming sector.

The Sandbox generates a metaverse of involved players that contribute to the platform’s further development by focusing on user-generated content. Furthermore, the Sandbox fosters decentralized governance by introducing the SAND token, which allows users to submit their thoughts and ideas regarding the project’s progress. Decentralized governance is becoming a must-have in blockchain-based projects as technology evolves.

The company got off to a fast start, attracting support and investments from a slew of big names in the gaming industry. Atari, Helix, and CryptoKitties are among them.

What Is SandBox Token (SAND)?

The Sandbox ecosystem’s utility token is known as SAND. It’s a way to pay for in-game experiences, rent lands from other players, and buy that item in the marketplace. The native SAND token is based on the Ethereum blockchain and is an ERC-20 token. SAND tokens can also be used in governance, giving token holders the ability to vote on updates. Users can also delegate their SAND tokens to another player so that they can vote on their behalf.

The total supply of SAND tokens is capped at 3,000,000,000. Approximately 680,266,194 SAND tokens are currently in circulation, accounting for 23% of the total amount available as of March 2021.

Through three phases of a liquidity mining program, SAND has been introduced into circulation. Users who provided a SAND/ETH pair on Uniswap were rewarded with SAND tokens in the first phase, which began in September 2020. The Sandbox introduced a yield multiplier based on the amount of LAND ownership a user has during the second phase. These rewards were carried over to phase three (current phase), with 1.5 million SAND tokens added to the rewards pool for February 2021.

Price Analysis of SandBox Token (SAND)

Review of SandBox Token Price in 2020 and Earlier

The SAND token is not even a year old and its performance has been commendable. When it was introduced in the market it had a trading price of $0.05, and that went on to become $0.31 today. 

Sand Token has been listed on leading trading platforms, since it was one of the Binance launchpad projects, as previously announced. According to CMC statistics, Sand Token was listed in August 2020 for $0.058, and it has since been in a neutral trend. Sand Coin will make headlines in 2021 following a 265% increase in less than three months, with an all-time ROI of 1000%.

Factors Affecting the Price of SandBox Token

The Sandbox is a digital metaverse filled with limitless possibilities. From a development standpoint, products can be as simple or complicated as desired, and no blockchain programming abilities are required. Users can utilize the Sandbox to generate in-game components using VoxEdit and develop virtual worlds, games, and economies with Game Maker. These can then be sold for profit.

The Sandbox means that user-generated material is genuinely held by the user, not by any centralized gaming firm, thanks to blockchain technology and some clever computer science. Unlike comparable games Minecraft and Roblox, the Sandbox has no central oversight over virtual goods selling. The Sandbox allows users to determine their prices for virtual commodities, eliminating the need for a middleman to take a part of the revenues. As The Sandbox establishes a virtual, free-market, open-source economy, players will pay a price for in-game things that they believe are fair.

Price Prediction of SandBox Token for 2021

The performance of the token has been quite impressive this year. The price of the token started at $0.04 in January and the growth is quite impressive. Its market cap has also increased which says that the coin is already dragging in the attention of the investors. There is a maximum quantity of 300 billion tokens, which will be released in stages. The next token release is scheduled for July 2021. The demand for SAND will continue to rise as the number of SAND tokens used by developers and gamers within the gaming ecosystem develops. Therefore, with attractions and performances like these, it can be expected that the token price might go up to $0.44 by the end of 2021. 

Price Prediction of SandBox Token for 2022

The token has been gaining a lot of attention and hence it is not expected for the price of the token to go down in the future. The price is predicted to rise in the future if the community wants to give perfect openness and trustworthiness to its customers. By the end of 2022, the price of the SAND token can reach an average price of $0.54. 

Price Prediction of SandBox Token for the Next 5 Years

The SAND token has established a fast, trustworthy network to increase the gaming user experience. These features have the potential to increase the value of the SAND coin. Based on market research, there are numerous theories on the future of the SAND token. Given the company’s technological advancements and announcements, the token has a lot to look forward to in the next few years. The price of the token can easily cross the $1 milestone in the next 5 years if the bulls go right. 

SandBox Token Price Prediction by the Market

Unlike the Bitcoin blockchain’s proof-of-work (PoW) consensus process, PoS does not require massive amounts of electrical or computational capacity to validate transactions. It is reliant on SAND token holders with the greatest holdings. This is one of the main reasons why this token has been growing fame. 

To gain some diverse opinions, let’s look at some of the most respected newspapers and individuals, as well as their projections for the SAND price.

Wallet Investor

According to the site, SAND can be a beneficial investment option if you are looking for virtual currencies with a high return. On 2021-06-02, the Sandbox price was 0.322 USD. Moreover, if you purchase The Sandbox today for $100, you will receive a total of 310.290 SAND. According to their projections, long-term growth is projected, with a price forecast of 4.237 US Dollars for 2026-05-30. The revenue is estimated to be around +1215.84% after a 5-year investment. In 2026, your current $100 investment may be worth $1315.84.

Gov Capital

The website says, Because the Sandbox has been trending upward, we believe that similar market categories were quite popular throughout the period in question.

Our website employs a unique Deep Learning-based algorithm to assist customers in determining whether SAND is a good potential portfolio addition. These forecasts take into account a variety of factors, including volume changes, price changes, market cycles, and comparable currencies.

According to their prediction method, the asset’s future price will be $1.346273 (311.7045) after a year. This means that if you spend $100 now, your investment may be worth $411.704 on June 02, 2022.

Digital Coin Price

According to their forecasts, the price of Sandbox (SAND) will rise in the future. According to their forecasts, the Sandbox (SAND) is a profitable investment. In one year, the price of one The Sandbox (SAND) might rise to $0.54452936, nearly doubling from the present price. According to their forecast, the price of Sandbox (SAND) will not fall.

Conclusion

Investors and users are becoming more interested in the Sandbox, and more exchanges have begun to accept SAND token trades. The rise of The Sandbox is primarily due to shortcomings in the traditional game industry. Excessive centralization of user-generated material, especially in games like Roblox, is one of these flaws. They restrict the rights and ownership of creators. Therefore, the more promising feature this platform brings up, the more the token is expected to grow.

However, this a price analysis based on the market condition now. The metrics and charts might not be the same a few months later. Therefore do thorough research when you are expecting to invest in the SAND token.