SAND Rallies by 25% Ahead of the Metaverse Alpha Launch


The crypto market is currently underperforming, but SAND has added more than 25% to its value over the past 24 hours.

The Sandbox is one of the leading metaverse projects in the cryptocurrency space at the moment, and it is moving a step further thanks to its latest announcement. The team announced a few hours ago that its Sandbox Alpha is set to launch on November 29. This latest development is a huge one for the team as they have been developing the metaverse alpha for the past four years.

According to its announcement, the Sandbox Alpha is an open multi-week Play-to-Earn event where players would have the opportunity to explore The Sandbox Metaverse for the first time. The players will enjoy 18 experiences created by the Sandbox team.

 

The announcement led to a massive rally for the SAND token, the native coin of The Sandbox ecosystem. SAND rallied to a new all-time high of $3.63 a few hours ago and is still up by more than 20% over the past 24 hours.

SAND Could Hit $5 Before Year-End

At press time, SAND is trading at $3.2580, up by more than 25% over the past 24 hours. The rally comes despite the broader cryptocurrency market experiencing a pullback. Over the past month, SAND has added more than 300% to its value.

SAND/USD chart. Source: FXEMPIRE

SAND could rally towards the $5 level before the end of the year as metaverse and NFT projects continue to attract both attention and investments within the cryptocurrency space and beyond. As one of the leading metaverse and NFT projects, SAND could rally much higher before the end of 2021.

If the current trend is maintained, SAND could touch the $3.78 resistance level over the coming hours and set a new all-time high in the process. An extended rally would allow SAND to surpass the $4 level over the next few days.



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