How to Buy The Sandbox (SAND)

SAND is one of the hottest metaverse tokens in the crypto market as of early 2022. The concept of the metaverse received widespread attention in late 2021 following Facebook’s decision to rebrand to Meta.

Since then, the virtual worlds in The Sandbox and other competitors have become a hotspot of activity not only for individual gamers but also big brands. Several leading companies across key industry sectors have entered the metaverse by buying LAND in The Sandbox and offering virtual experiences for higher engagement with their consumers in the digital space.

Several experts feel that the metaverse will be the next frontier in digital marketing, after social media. In this case, if the adoption of The Sandbox continues to grow, the SAND price can take off to even greater heights.

As of April 2022, the circulating supply of SAND exceeds 1.1 billion. Developers at The Sandbox have fixed SAND’s total supply at 3,000,000,000.

From the max supply, almost 26% was allocated to the company reserves. A little over 17% of SAND crypto was up for grabs during The Sandbox’s seed token sale.

31% of the max supply of SAND was earmarked for the founders of The Sandbox and its team members. 12% of SAND tokens made their way to a dedicated Binance Launchpad Sale, while 10% was kept aside to be distributed as rewards to the project’s advisors.

It is impossible to predict with certainty the price performance of any digital asset, including SAND, can go. However, analysis of the market and other fundamental factors can help offer a range for The Sandbox price action, which can be helpful when you trade this metaverse crypto.

Owing to the highly unpredictable nature of the crypto market, no one can foresee and declare the price performance for SAND over a period of time. Even on the back of strong fundamentals, in the form of rising adoption of The Sandbox ecosystem, market sentiment fluctuations can drive the SAND price against expectations.

In case the market sentiment takes a hit owing to rising regulatory concerns or other factors, a sell-off in the wider crypto sector could send The Sandbox price lower. On the other hand, a bullish market sentiment can increase investor confidence and bring in more buyers to the market, helping the SAND price edge higher.