The Sandbox has partnered with soccer star Kun Aguero to draw followers into the metaverse however may that result in surge within the value of SAND?
SAND, the native of The Sandbox metaverse, is down by greater than 2% within the final 24 hours.
The poor efficiency coincides with that of the broader cryptocurrency market. The complete crypto market stays above $950 billion despite dropping lower than 1% of its worth within the final 24 hours.
Bitcoin, the world’s main cryptocurrency, has dropped beneath the $20k stage as soon as once more after dropping 0.7% to this point at the moment, Ether can be down by lower than 1% to this point at the moment however continues to commerce above $1,300.
SAND’s poor efficiency comes despite The Sandbox saying its partnership with Premier League legend Sergio Kun Aguero.
⚽ AGÜEROOOOOOO ⚽
Delighted to welcome none aside from @aguerosergiokun to The Sandbox! ???? The ???????????????????????????????????? will maintain football-themed video games, dancing and lots of extra surprises!
Stay tuned for extra… pic.twitter.com/ewj71bAPEf
— The Sandbox (@TheSandboxSport) October 6, 2022
The Sandbox added that the primary model of Kuniverse might be launched on November sixth and can take the type of an enormous stadium with football-themed video games, dancing, and even a meals truck with Argentinian meals, amongst different experiences.
Key ranges to look at
The SAND/USD 4-hour chart stays bullish despite The Sandbox underperforming over the previous few hours.
The MACD line stays above the impartial zone, indicating that The Sandbox market is optimistic. The 14-day relative power index of 49 exhibits that SAND shouldn’t be but within the oversold area despite underperforming at the moment.
At press time, SAND is buying and selling at $0.8452 per coin. If the bearish development continues, SAND may drop beneath the $0.8118 resistance stage earlier than the top of the week.
Unless the bulls regain management of the market, SAND may drop in direction of the $0.7452 help stage for the primary time since July.
The bulls would possibly regain management and push SAND in direction of the $0.9257 resistance stage within the close to time period. However, the second-major resistance stage at $1.0599 needs to be laborious for the bulls to beat over the following few hours or days.
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