The Sandbox Price Prediction: SAND Price Up 54.4% in December – New ATH in 2024?
The Sandbox (SAND) has continued on its road to market highs, rising over 50% in December.
December began with a price of $0.410807, and while the month is not over yet, the price has reached the current level of $0.634422.
Therefore, the coin has seen a significant growth of 54.4%.
SAND Is Still Climbing, But For How Long
SAND is up another 9.6% in 24 hours. It appreciated 25.9% in a week, 22.5% in two weeks, 48.6% over the past 30 days, and 43.4% in a year.
As the coin is now valued at $0.63, the question looms: is there any more potential for growth? And can The Sandbox hit $1 any time soon, or even more – break its all-time high of $8.4?
The daily chart shows that the coin is still well within its channel, which could put it in single-digit territory as soon as early February next year.
However, keep in mind that the token has come dangerously close to the channel’s upper border, which could serve as a local top.
Be wary of the $0.7-$0.8 range by the end of the year and in early January. Not only is this range the channel’s top border, but it also served as a support/resistance on numerous occasions.
Should it drop, keep an eye on the $0.5 level, as that’s the channel’s bottom. A bounce from that level would signal significant strength.
Breaking the $0.7-$0.8 range, SAND’s next stop would be the $1-$1.2 range, which was also an important milestone during the bear market depression.
After that, important psychological levels include $2.5 and $5.
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— The Sandbox (@TheSandboxGame) December 25, 2023
At the time of writing on Tuesday morning (UTC), SAND ranks #59 per market capitalization with $1.34 billion.
Its circulating supply is 2.12 billion out of the total coin supply of 3 billion.
Meanwhile, the 24-hour trading volume is $403,002,862.
SAND reached its all-time high of $8.4 in November 2021, dropping 92.5% since. At the same time, it’s up 2,081.7% from its all-time low of $0.0289 in November 2020.
Discovering Bitcoin Alternatives: Meme Coins Keep Their Throne
The memecoin mania is unlikely to subside any time soon. Many meme-themed projects are popular, and many new ones are coming to the scene, garnering investor attention.
One of the most recent projects that has had heads turning is Meme Kombat (MK). It has generated quite a presale interest for its take on real-time meme-to-meme battles.
Meme Kombat’s presale started in late September. The team made 50% of the total MK supply available for purchase.
Additionally, the presale utilizes an increasing price structure to stimulate early buying.
Notably, the project has passed yet another milestone on Christmas. So far, Meme Kombat has raised $4.5 million in the ongoing MK presale.
We have passed the $4.5 million mark in the $MK presale!
Well done memers! pic.twitter.com/5qPR1eax55
— Meme Kombat (@Meme_Kombat) December 25, 2023
Meme Kombat is built on the Ethereum blockchain. It created a platform that merges memes, crypto wagering, and gaming to capitalize on the massive popularity of ever-present meme coins.
It features an AI-powered arena for play-to-earn matches. Battles will include famous meme characters, such as Doge and Pepe the Frog.
Meanwhile, users will be able to bet on the battle outcomes against each other, but also against the computer in the player vs game modes.
Through betting, they can earn the MK tokens as prizes. MK can also be purchased during the presale with ETH or USDT.
As said, half of the total token supply has been set aside for presale participants. Another 30% is reserved for staking rewards and prizes for users competing in meme battles on the platform. Finally, 20% is left for DEX liquidity and community rewards.
The platform is structured around seasons. The first season features 11 meme characters competing for prizes.
Season 2 and beyond will have different game modes, fresh features, and novel earning opportunities to maintain user engagement.
$MK is on a meteoric rise, dominating the #memecoin space. Seize the opportunity and be part of the presale action: https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) December 25, 2023
Meme coins like Dogecoin and Shiba Inu have already reached a wide audience and billions in market capitalization.
Meme Kombat is well on its way toward using the viral nature of these coins and merging it with an entertaining and incentivizing structure.
Crypto investors are obviously intrigued by this meme-battling concept, judging by the significant presale numbers.
As the project grows and further establishes, it could become a chart-topping hit.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
