SAND Token Gains 20% In Wake Of Metaverse Announcement

The SAND Token gains 20% in the wake of a new metaverse announcement, as tech companies announced the formation of Metaverse Standards Forum so let's read more today in our latest altcoin news. The Sandbox COO said that an acquisition by Meta will not happen and now the SAND token gains 20% after tech companies.

Timeline of The-sandbox

Sandbox has become one of the most important Metaverse cryptocurrencies to keep an eye on this year. Sandbox (SAND) is currently selling at $1.31, an increase of 20% based on data from CoinMarketCap.

Cryptocurrencies have grown in popularity in recent years, and as tokens develop new technologies and features, an entire ecosystem has arisen. These ecosystems are intended to give owners a more comprehensive user experience while limiting third-party intervention in their interactions with the blockchain.

On June 19th, the Sandbox (SAND) price rebounded from the $0.8 support with tweezer bottom candles. The resulting recovery rally surged the altcoin above the $1 psychological barrier and just today's $1.11 chart level.

TheSandboxGame and OVRtheReality have partnered to launch the NFT_NYC Treasure Hunt that takes place all OVER Manhattan, New York, from June 20 – 24. OVER is one of the leading metaverses on the Ethereum blockchain.

BAYZ has announced its partnership with The Sandbox (CRYPTO: SAND) to fuel the metaverse sector in Brazil. What Happened: On June 21, Web3 game publisher BAYZ announced its partnership with The Sandbox, a gaming metaverse and a subsidiary of Animoca Brands.

OVER, a decentralized metaverse platform that provides surreal AR/VR experiences, has revealed its partnership with The Sandbox to launch a unique reward program for their communities. This development continues the growing relationship between the two platforms.

Two leading Metaverse platforms, The sandbox, and OVERtheReality have partnered to announce a treasure hunt to launch the NFT NYC event where participants have the opportunity to win a huge sum in the $SAND token. The event will take place from June 20-24 in Manhattan, New York, with notable speakers and digital works represented from [.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] paddled hard to stay above the $19.8k mark over the previous day.

Since the buzz about the Metaverse in late 2021 saw some particular cryptocurrencies rallying, including Sandbox (SAND), and Decentraland (MANA), it has been a different story. Traders were hopping on each of those coins to catch the trend and make some profit.

The Sandbox (SAND) has reached a long-term horizontal support level and broken out from a descending resistance line shortly afterward. The post The Sandbox (SAND) Weekly RSI Falls to New All-Time Low appeared first on BeInCrypto.