The Sandbox partners with Mastercard, is now the time to buy SAND?

The Sandbox SAND/USD is a popular metaverse that is developed on top of the Ethereum ETH/USD blockchain and aims to enable users the opportunity to explore, buy land and create structures out of which they can monetize. SAND is the native cryptocurrency token used to facilitate various transactions that are a part of the world. The post The Sandbox partners with Mastercard, is now the time to buy SAND? appeared first on Invezz.

Timeline of The-sandbox

Payment giant Mastercard, recently announced its partnership with The Sandbox and other non-fungible token (NFT) marketplaces. The partnership was entered into “bring its payments network to Web3”.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. With the sellers clinching another liquidation rally in the Bitcoin market, the ripple effects in the broader market have been quite evident.

The U.K. will start live testing crypto blockchain technology in financial markets activities such as trading and settlement as part of the drive to become a global “crypto hub,” the finance ministry said on Tuesday (June 7) in an event in London. The U.K. is taking different steps to promote the use of blockchain technology

If you have been closely watching SAND's performance, you may have noticed that it consolidated into its current range. The $2.8 price level seems to be acting as a healthy price floor.

The Bank of Uganda is considering allowing cryptocurrency businesses to participate in its Regulatory Sandbox and has invited members of the Blockchain Association of Uganda (BAU) to share their expertise with the central bank.  A June 1 letter from the bank to Kwame Rungunda, the BAU's chairperson, mentioned a meeting between the two parties in early May.

The Bank of Uganda (BoU) has stated that it is open to considering crypto firms into the bank's regulatory sandbox. Blockchain Association of Uganda received the news with positivity.

The buyers have finally clinched a string of higher troughs for over two weeks for the first time in two months on the 4-hour timeframe. Meanwhile, SAND refrained from high volatility as it hovered near the Point of Control (POC, red) in its high liquidity zone.

The Sandbox(SAND) price was stuck within a symmetrical triangle pattern for nearly two weeks, reflecting uncertainty among the market participants. However, a number of traders buying at discounted prices surged the altcoin higher to result in a bullish breakout of the pattern.

SAND jumps 12% after the latest acquisition by Sandbox of the Uruguayan Tech company Cualit. SAND reacted to the news positively as we can see more today in our latest altcoin news.

Since the Sandbox(SAND) holders lost the $2.5 crucial support, the coin price has witnessed a steady downfall accentuated by a descending trendline. Moreover, several retests to this dynamic resistance indicate the traders are actively responding to its level.