Is Metaverse Making a Comeback? | Airdrop Alert Pro

sandbox (sand) has surged in price in recent weeks, with the altcoin gaining 239% throughout November. The surge sent SAND to a new 22-month high, leading many to question whether the price increase heralded a recovery in the Metaverse.

As SAND continues to gain momentum, market watchers are closely watching for further signs of the Metaverse’s resurgence in the cryptocurrency space.

Sandbox investors note gains

The latest data from the GIOM (Global Inflows/Outflows of Money) indicator shows that approximately 525 million SANDs (worth over $417 million) are approaching profitability. The purchase price range for this supply is $0.60 to $0.82.

As of today, Shada The intraday high of $0.89 pushed previously dormant supply back into the black. If these holders continue to hold their positions, there is significant potential for further price increases. This could push the SAND higher, potentially driving more bullish momentum in the near future.

Macro kinetic energy sandbox Affected by the distribution of SAND tokens. Currently, short-term holders (holding for less than a month) account for approximately 22% of all SAND in circulation.

The high concentration of short-term holders means that any significant selling by this group could lead to a price correction. Short-term holders tend to react quickly to market movements, which can put downward pressure on prices if they choose to lock in profits.

SAND Price Forecast: Future Growth

SAND hit a 22-month high of $0.89 in the past 24 hours, up about 45%. The surge marks an impressive milestone for the altcoin, but the sustainability of this rally depends on broader market conditions. If the Metaverse narrative continues to gain traction and the positivity persists, Sand can Maintain its upward trajectory.

The next key resistance level for SAND is $1.00, which is a psychological barrier that, if broken, could trigger further gains. However, SAND could face a correction if the broader cryptocurrency market faces a downturn or if short-term holders decide to sell. In this case, the altcoin may test support at $0.70 or lower.

Ultimately, the price of SAND will be affected by market sentiment and wider adoption of the Metaverse platform. if Sandbox can If it maintains its appeal and attracts long-term investors, it could rise further and potentially revisit its previous all-time highs. However, investors should still remain cautious volatility Driven by short-term market participants.