Could SAND spike in value after Ledger Partnership?

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The Sandbox SAND/USD is essentially a virtual metaverse where players are given the opportunity to build, own and even monetize their gaming experiences.

It is built on top of the Ethereum ETH/USD blockchain network, and the native cryptocurrency token used within The Sandbox metaverse is known as the SAND token.

The Ledger Partnership as a catalyst for growth

On April 4, The Sandbox announced a partnership with Ledger, which is one of the largest providers when it comes to hardware cryptocurrency wallets.

This move comes as a means of helping metaverse users increase their overall level of security and manage the self-custody of their digital assets.

At the Non-Fungible Conference in Lisbon specifically, the Chief Experience Officer of Ledger, Ian C Rogers, revealed that the new collaboration aims to bring the security of the wallet manufacturer to the blockchain metaverse.

Furthermore, Ledger also announced that they would provide custom Ledger Nanos to the owners of SAND as part of the deal, and The Sandbox would accommodate in its metaverse for the wallet provider to educate people about securing their crypto.

Should you buy The Sandbox (SAND)?

On April 5, 2022, The Sandbox (SAND) had a value of $3.44.

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In order for us to truly see what this value point indicates for the value of the SAND cryptocurrency token, we will be comparing it to the all-time high point of value reached by the token as well as to its overall performance throughout the previous month.

The all-time high of The Sandbox (SAND) was on November 25, 2021, when the token reached a value of ​​$8.40. Here we can see that at its ATH, the token was $4.96 higher in value or by 144%.

When we go over the value of the token throughout the previous month, we can see that The Sandbox (SAND) had its lowest point on March 15, when it had a value of $2.68.

Its highest point, however, was on March 31, when the token reached a value of $3.78. Here we can see that the token increased in value by $1.1 or by 41%.

With this in mind, we can expect the value of the SAND token to reach a value of $4 by the end of April, making it a solid buy.

The post Could SAND spike in value after Ledger Partnership? appeared first on Invezz.

from Market Analysis – Invezz

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