Can The Sandbox (SAND) Continue Recovery Mission Despite Metaverse Woes
• The Sandbox (SAND) price broke above the critical $0.40 resistance this week after a lackluster start to July. • The Aggregate Order Books of exchanges shows traders mounting buy-walls to exploit the bullish momentum. • Despite declining global interest in GameFi and the Metaverse, Sandbox has acquired a flurry of new users in recent weeks.
After a lackluster start to July, The Sandbox ( SAND ) price finally broke above the critical $0.40 resistance this week. Can the bullish investors build momentum to continue the SAND price recovery mission?
But, against the run of play, the highest-ranked Metaverse project, The Sandbox, has recently attracted renewed investor interest.
New Users are Flocking To The SandBox
This summer, the Sandbox (SAND) metaverse ecosystem has attracted many new entrants.
According to data compiled by Santiment, only 328 new SAND wallet addresses were created on June 26. By the close of July 12, this figure has now soared 130% to reach 746 new addresses.