Sandbox (SAND) Loses Ground as Metaverse Hype Fizzles, More Price Drop Ahead?
Sandbox has struggled to break above $0.65 in the last 2 weeks.
Despite recent user acquisition initiatives, Sandbox's daily traction is in a downtrend.
The Sandbox price has remained below $0.65 since March 24. Dwindling active users and whales booking profit are critical stumbling blocks. How will the SAND price react?
Sandbox price and network traction have floundered since its recent local high in February 2023. On April 3, the Sandbox team announced new partnerships ahead of its upcoming Mega City 3 launch later this month. Amid declining hype around virtual worlds, The Sandbox is set to partner with over 40 brands in an attempt to trigger its next growth phase.
Inconsistent Daily Active Users Slows The Sandbox Resurgence
In recent weeks, Sandbox (SAND) price growth slowed as the metaverse project struggled to maintain 1,000 active users daily. According to the data provided by Santiment, Sandbox has failed to attract 1,000 daily users since March 31. The chart below shows that as of April 6, only 730 users were recorded.
Read More: https://beincrypto.com/sandbox-price-metaverse-hype-decline/
Sandbox has struggled to break above $0.65 in the last 2 weeks.
Despite recent user acquisition initiatives, Sandbox's daily traction is in a downtrend.
The Sandbox price has remained below $0.65 since March 24. Dwindling active users and whales booking profit are critical stumbling blocks. How will the SAND price react?
Sandbox price and network traction have floundered since its recent local high in February 2023. On April 3, the Sandbox team announced new partnerships ahead of its upcoming Mega City 3 launch later this month. Amid declining hype around virtual worlds, The Sandbox is set to partner with over 40 brands in an attempt to trigger its next growth phase.
Inconsistent Daily Active Users Slows The Sandbox Resurgence
In recent weeks, Sandbox (SAND) price growth slowed as the metaverse project struggled to maintain 1,000 active users daily. According to the data provided by Santiment, Sandbox has failed to attract 1,000 daily users since March 31. The chart below shows that as of April 6, only 730 users were recorded.
Read More: https://beincrypto.com/sandbox-price-metaverse-hype-decline/
| 45,000 mlx | |
| 265 | |
| 7 |
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