#Sand token professional#

The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a popular indicator in all financial markets. Popular SAND Moving Averages and Oscillators for Sun, Apr 23, 2023 Currently, the RSI value is at 37.76, which indicates that the SAND market is in a neutral position. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). The Sandbox's short-term 50-Day SMA is estimated to hit $ 0.609670 by May 22, 2023. Meanwhile, a Golden Cross last occurred on Mar 02, 2023, which was 51 days ago.īased on our technical indicators, The Sandbox's 200-day SMA will drop in the next month and will hit $ 0.628644 by May 22, 2023. The most recent Death Cross in the Bitcoin market happened 28 days ago, on Mar 25, 2023. The price of The Sandbox is currently below the 50-day SMA and this indicator has been signaling SELL for the last 3 days, since Apr 20, 2023. The 200-day SMA has been signaling SELL for the last 4 days, since Apr 19, 2023.

The Sandbox is currently trading below the 200-day simple moving average (SMA). The Sandbox Predictions for years 2023, 20 Based on Tech Growth

#Sand token professional#

Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our The Sandbox forecast, it's now a bad time to buy The Sandbox.ĭisclaimer: This is not investment advice. The Sandbox recorded 18/30 (60%) green days with 4.05% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 56 (Greed). The metaverse has the potential to revolutionize the way people interact, transact, and entertain themselves, and GCC countries are determined to make the most of this opportunity.According to our current The Sandbox price prediction, the value of The Sandbox is predicted to drop by -7.76% and reach $ 0.549159 by April 28, 2023.

In fact, by creating jobs and growing their economies, these countries aim to maintain their competitiveness in the global market, and lead the way in the new era of digital transformation. The investment in the metaverse is part of their broader strategy to promote innovation, foster entrepreneurship, and drive economic growth in their countries. This is why, they are taking proactive measures to tap into this world.īy investing heavily in cutting-edge technologies, they aim to establish themselves as leading players in the emerging digital economy. There is no doubt that GCC countries, including Saudi Arabia and the UAE, are aware of the huge potential that the metaverse holds. The goal of the Dubai Metaverse Strategy is to expand its market size to over $4 billion within five years. For instance, in July 2022, Prince Hamdan of Dubai announced the Dubai Metaverse Strategy with the aim of creating 40,000 jobs in the metaverse and growing its economy to a value of $4 billion. The UAE is also involved in the advancement of Web3, including crypto assets and the metaverse. In 2021, the country reported that “distributed ledger technology will provide high performance.”

Saudi Arabia is also exploring the implementation of a Central Bank Digital Currency (CBDC) and has conducted a demonstration experiment in collaboration with the United Arab Emirates (UAE) to verify the settlement of CBDC. Additionally, the state-owned oil giant, Aramco, has declared its intention to invest $1 billion in the blockchain venture capital firm Prosperity7 Ventures. In February 2022, the country announced its plan to invest over $6.4 billion in various cutting-edge technologies, including the Metaverse.Īs part of this investment, Saudi Arabia is committing approximately $1 billion to NEOM Tech & Digital Company, which is developing its own metaverse. It is worth noting that Saudi Arabia has been investing significantly in cutting-edge technology. More information about the collaboration is set to be disclosed in the coming weeks, according to Borje.

The news of the partnership sent SAND token soaring by over 25% from the previous day.