Decentraland (MANA) And The Sandbox (SAND) Tumble; Degrain (DGRN) Rises 300%

Since Bitcoin reached a new all-time high of $67,000 in 2021 and fell below the $20,000 line this year, investors have been in the market for a new coin that can bring them as much profit as the early BTC adopters raked in with Bitcoin.

Timeline of , Decentraland, The-sandbox

The popular CBS comedy show Ghost lays the groundwork for entering the virtual world. The entertainment platform has unveiled its planned immersive experience, which CBS will host on the Web3 network, Decentraland.

The Sandbox's native cryptocurrency SAND has finally retested resistance after pushing back to May highs. This is courtesy of the bullish performance in the last four weeks, during which SAND rallied by as much as 100% from its bottom in mid-June.

Decentraland's [MANA] descent below the $2-mark has constricted the alt within the bearish shackles. The alt has been struggling to find a position above the EMA ribbons for over three months now.

The SAND price chart indicates that the cryptocurrency is in a bearish trend, with modest additional opportunities for bearish actions. The price of SAND/USD fell up to $1.36 after a wavy trend of uptrends and downslides of prices in the past few days but currently SAND is on a drastic fall.

As the Metaverse mania spreads throughout a number of nations, the virtual reality platform has changed to bullish. For today, the MANA price analysis remains bullish as prices rise above the resistance, which was found at $0.990.

The Ethereum-Powered Metaverse project “The Sandbox” ($SAND) has announced that it is “partnering with Tony Hawk Inc. and Autograph to create a Tony Hawk LAND in The Sandbox, marking the first entry of Tony Hawk into the metaverse.

 The Metaverse is a rapidly growing space with many important industry players supporting its growth. Huge organizations, including Grayscale Investments have even claimed it has the potential of being a $1 trillion industry.

Since the Sandbox (SAND) recovery rally began in late June, the coin price has failed twice to pierce the $1.28 resistance. However, with some minor pullback to replenish the bullish momentum, the coin buyers pushed the price back to this mentioned resistance, but will they surpass it this time?

About a week ago, we explored the possibility of MANA exiting its triangle pattern. Fast forward to the present and that breakdown took place, courtesy of a crypto market sell-off that commenced this past weekend.

Sandbox has announced a partnership with the skateboarding legend Tony Hawk to build the biggest skatepark in the Metaverse. Autograph NFTs will provide additional access to Tony Hawk's LANDs on Sandbox.