tip: frenzy of NFTs tokens ! SAND/USDT analysis
Updated
The Sandbox is a virtual world built on the Ethereum blockchain, where players can build, own, (and monetize their gaming experiences.💵💰)
What is 🌟 "The Sandbox" (SAND)🌟 ?
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token SAND.Players can create digital assets in the form of Non-Fungible Tokens (NFTs), upload them to the marketplace, and integrate into games with Game Maker.
The SAND token is an ERC-20 utility token that is used for value transfers as well as staking and governance.
A LAND is a digital piece of real estate in The Sandbox metaverse that players can buy to build experiences on top of. Once player owns a piece of LAND, the player will be able to populate it with games and ASSETS. Multiple LANDs can be combined to form an ESTATE.
A total of 166,464 LANDs will ever be available, contained in a map that will form The Sandbox metaverse.
GEM and CATALYST defines the tier, scarcity, and attributes of ASSET. CATALYST adds empty sockets to the NFTs that can be filled with GEMs. The higher the quality of the CATALYST, the more sockets your ASSET will have.
Users can monetize their time on the platform, keeping 95% of SAND as revenue share by:
❇️Selling ASSETS
Users can create and sell ASSETS on the marketplace as NFTs.
❇️Owning a LAND
Buy a LAND in one of the LAND sales. Players can then rent them or populate them with content to increase the LAND's value.
❇️Building Games on the Game Maker
Build and monetize games using the Game Maker on the LANDs that are owned by players.
Through the use of ERC-1776, The Sandbox allows platform users to initate transactions on the Ethereum blockchain while transaction gas fees are paid by the platform, optimizing overall user experience.
50% of all SAND transaction volume, collected from LAND sales, Premium NFT sales, transaction fees and subscription services is going to the Foundation
(Refrence : sandbox.game website )
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for SAND, The current price roam about 0.5 $,
Although it has recently joined the crypto market,I can imagine for it an ascending channel in which it is growing and now maybe strikes its midline channel, which either breaks it and goes straight to the first target, or corrects it to the supportive green zones , and then completes the ascending path.
So Reaching the first target about 1.1 $ and then 5$ is not unlikely even In the short and medium term, respectively, but the next open goal depend on conditions of crypto market and the green market .
Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
Trade closed: target reached
My expected target reached !!more than 2021%💵💵💵👍😎
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