The Sandbox (SAND): +60% for the crypto since the start of the year, but closes March in the negative

The Sandbox, whose native crypto is SAND, has seen significant growth since the beginning of the year, a +60% to be exact. However, the month of March is closed on a negative note with -8% for the crypto.

Timeline of The-sandbox

The Sandbox [SAND], a virtual gaming world set in web3, has attracted many gaming enthusiasts to the crypto space in the past. However, with time, many addresses have lost faith in the SAND token due to the performance of its protocol.

Amidst increased market uncertainty, bears fast-tracked the depreciation of The Sandbox [SAND] on the four-hour timeframe chart. However, the bearish efforts were subdued slightly at $0.5042 support forcing SAND into a consolidation range.

Every once in a while, a crypto project goes through security challenges that often spoof investors. The Sandbox [SAND] is the latest project to report such an experience following its latest announcement.

In the wake of the recent recovery in the crypto market, the Sandbox coin price rebounded from the local support of $0.675. The resulting V-shaped recovery surged the coin price 23% higher where it currently trades at $0.842.

Token Unlock revealed a major update related to The Sandbox [SAND], which could have a major impact on the network. As per a 13 February tweet, 372.57 SAND worth $260 million would be unlocked.

Key Points: According to blockchain analytics firm Santiment, metaverse altcoin The Sandbox (SAND) is gaining traction after whales transferred significant amounts of the token to Binance. According to Santiment, The Sandbox is gaining popularity after three addresses transferred 78 million SAND tokens worth $56 million to the world's largest crypto exchange.

The Sandbox, a metaverse gaming platform, experienced a 30% surge at one point in its SAND token's price following the announcement of an MoU with the Saudi Arabia Digital Government Authority (DGA). SAND's price is currently up about 20% since February 6, as of writing, at $0.8477.

Blockchain analytics firm Santiment says metaverse altcoin The Sandbox (SAND) is attracting more attention after whales moved massive amounts of the token to Binance. According to Santiment, interest in The Sandbox is rising after three addresses moved 78 million SAND tokens valued at $56 million to the world's largest crypto exchange.

At the LEAP Conference in Riyadh it was announced that the government of Saudi Arabia had signed an MOU with The Sandbox for  their mutual benefit. A mutually beneficial partnership At a partnership ceremony at the LEAP Conference on Tuesday, the Saudi government entered into a Memorandum of Understanding (MOU) with Metaverse crypto project The Sandbox.

Key Points: The Sandbox token price has risen further as the metaverse game platform reported talks on a partnership with Saudi Arabia. According to TradingView statistics, SAND was hitting a peak at about $0.942, up 22.8%.