While we are going to be looking at the log. chart for The Sandbox, when we look at the linear chart we can simply say that this pair is trading at bottom prices.
A simple accumulation strategy is the best practice for pairs like this one.
With the log. chart (the main chart above) we can know exactly what has been happening, let's consider that one now for this analysis.
➖ The Sandbox vs Tether (SANDUSDT)
Let's start with growth potential. Long-term, we have a higher low.
SANDUSDT hit bottom in July 2021 and so far we have a higher low in August 2024. This means that a long-term higher high, a new All-Time High is possible for this pair.
We are talking about a $22.22 target.
From current price, which is within the long-term accumulation range, that would amount to a total of 87X or 8,600% profits potential.
Easy target we have 415% mid-term and 1,111% which is the main target mapped on this chart; also mid-term.
In September/October 2023 most of the Altcoins hit a low and from this low a bullish wave followed; the recovery year we termed it. Many of these Altcoins are trading within higher lows this year but some, like this one, hit a lower low in August. This mid-term lower low is irrelevant when it comes to the bigger picture. The bigger picture is a major bull-market in 2025.
The lower low reveals lack of interest for this pair by the general public or the insiders not being interested in buying. Whatever the case, we can still expect massive growth in 2025 when everything will come to life.
2023 was not a bull-market year.
Some pairs, some projects did grow in bull-market like proportions but this wasn't a "full-blown bull-market." Such an event in this space happens once every four years. 2013, 2017, 2021, 2025, 2029... Any action in-between is part of the transition between bear and bull.
Get ready and prepare because we are only months away.
While it will take some time and at least until Q2 2025 until it becomes pretty obvious for the masses what is happening, we will see some action now, in 2024, followed by one final correction and then the positive craziness in 2025 will be upon us.
Prepare as best as you can.
Make an effort to be in the market early because this type of opportunity doesn't come often and can be life changing if approached in the right away.
Right now these are just words... But you will see, it will be something great and even hard to belief; but again, 100% positive.
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