HomeBitcoin UpdateIn case you are a SAND holder, this is why try to...

In case you are a SAND holder, this is why try to be bullish

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In case you thought shopping for a home or some land in the true world was exhausting sufficient, possibly you’re not prepared for the competitors that’s heating up the Metaverse. GameFi lovers are at all times on the search for the following alternative and now, a high-profile announcement has led to a substantial amount of euphoria.

Let’s get you crammed in.

Hovering feelings

With The Sandbox’s Alpha Season 2 launch on 3 March, customers are eagerly awaiting new experiences, quests, drama, and naturally, prizes.

In case you don’t take the sport’s phrase for it, nevertheless, you may at all times take a look at weighted sentiment, which noticed an astronomical elevate. Shifting out of the largely detrimental territory, SAND weighted sentiment registered a large spike that took it to round 7.59.

Screen Shot 2022 03 04 At 18.04.34

Supply: Santiment

Related highs have been seen in November 2021, earlier than the crashes in December. In the meantime, August 2020 noticed weighted sentiment reaching 7.62. Nonetheless, this was later adopted by a devastating crash, together with SAND’s value.

That mentioned, the most recent highs have been famous regardless that SAND’s value was nonetheless on a downtrend. At press time, SAND was trading at $3.08, having fallen by 4.79% within the final 24 hours. Nonetheless, the token was up by 3.69% when wanting on the final seven days. This may maybe be attributed to the joy of the Season 2 announcement.

In the meantime, it stays to be seen if the hype surrounding the most recent season will herald new customers so as to add to the neighborhood and push SAND past its all-time excessive of $8.44.

Are you sport for extra?

However, NFTs haven’t been having a good time of it not too long ago. Whereas January was a record-breaking month for OpenSea, February noticed a fall in monthly volumes. A CoinMarketCap evaluation further noted the chance of an NFT crash sooner or later. Nonetheless, solely time will inform whether or not this drastically impacts Metaverse token efficiency.

For higher context, one other metaverse token to try is Decentraland’s MANA. At press time, MANA was trading at $2.60, having fallen by 3.96% within the final day. It was additionally within the crimson, primarily based on the previous week. Nonetheless, many of the high 30 cryptos have been within the inexperienced at press time.

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