How The Sandbox Shows That the Metaverse is Not Dead as SAND Surges 10% to $0.72
The Sandbox price is moving in tandem with the rest of the market against brewing negative sentiments regarding the state of metaverse and gaming crypto projects. Over the last 30 days, SAND’s value has increased by a whopping 50.5%, as investors bank on the bullish wave in the market to recoup a massive 91.8% correction from the all-time high of $8.40.
SAND price performance over the weekend was as expected – bullish, culminating in a 10% increase to trade at $0.72 at the time of writing. The bullish outlook in The Sandbox price has the potential to reach $1.50 in the coming days, but first, bulls must clear resistance at $0.75.
The bullish outlook in The Sandbox price can be partly attributed to the recently announced version of the Game Maker, a platform that allows users “to design, test and share experiences, such as games” in the ecosystem.
Users are looking forward to version 0.8 of the Game Maker, which will launch with “new multiplayer gameplay, lighting and visual effects features, video and audio streaming, equipment and wearables in social hubs,” the development team said.
“Players will be able to compete with each other, survive together and interact in brand new ways. From multiplayer races to parkour and obstacle courses, creators will have a chance to offer action-packed experiences to their players,” the team explained via a Twitter thread.
The Sandbox hopes to remain competitive in the metaverse and play-to-earn (P2E) arena with the release of “new lighting and visual effects, allowing for more immersive experiences.” With this, The Sandbox will move closer to “making the metaverse a destination to network and socialize with people from all over the world.”
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