Ever since the beginning of 2009, the cryptocurrency and blockchain sector has continued evolving. Over time, it seems that the evolution has turned into morphing and the entire cryptocurrency sector is reaching new heights.
Almost every day, a new milestone is being achieved within the cryptocurrency industry. At the beginning of 2021, it was the decentralized finance (DeFi) space that became the top trending sector within the crypto-verse.
After that, it was the nonfungible token (NFT) space that continued growing alongside the DeFi space. However, the couple now has another companion in the form of metaverse tokens.
These tokens have been created to work within the virtual world and metaverses. Whether it is metaverse gaming or virtual music concerts, the metaverse business is constantly growing in size.
Therefore, cryptocurrencies such as The Sandbox (SAND) are gaining tremendously from the surge in metaverse token adoption. The Sandbox can be considered as one of the oldest protocols within the cryptocurrency, which was back in 2011.
The Sandbox was launched as a virtual world that allowed users to create their own virtual lands and digital assets. The users could sell these assets to others in the form of cryptocurrencies and make a profit out of their skills.
For such a long time, The Sandbox wasn’t able to gain much prominence until the start of 2021. After a decade of being launched, the world now has the technology and understanding where the virtual worlds and metaverses have started making sense.
The clear demonstration of the SAND adoption is the 18199.81% growth that the asset has recorded since the beginning of 2021. Even in the past 30-days, SAND has continued growing bigger in size as its price has surged by 157.13% in the past 30-days.
As of now, SAND’s price is trading at $6.71% per SAND, and data from TradingView shows that it will continue with its high trend for a long time. Even the data from CoinMarketCap shows that SAND’s growth is in the upward direction.
The past 16-day performance for SAND shows that on November 16, SAND’s price was at a low of $2.6371 per SAND. From November 16 to December 2, SAND’s price has surged to $6.8278 per SAND, following a 258.91% surge.
This is mainly because the adoption rate for metaverses and virtual worlds is constantly on the rise. Just recently, DappRadar has shared its data surrounding the sales The Sandbox has made only in the last week.
The data from DappRadar shows that SAND has managed to sell over $86 million worth of virtual land on its metaverse. This is quite remarkable for the development at The Sandbox. The performance graph from TradingView shows that SAND is going to grow in sales in the upcoming weeks.
For now, RSI is growing in favor of the high price trend, but other metaverse tokens such as MANA, AXS, and THETA may impact its price.