![]() The token’s network growth surged heavily in November as the market collapse invited many new hands onto the platform. These metrics indicate the adoption over time which is used to know whether the project is gaining or losing traction. It records the number of new addresses that carry the trade for the first time. Network activity is much similar to the daily active address which records the total number of addresses interacting with the platform. However, with a significant rise in prices, these fractures tend to flip. Here, the supply has been dropping heavily since the FTX fiasco which indicates that the tokens are held safe in the wallets It also indicates that the traders are willing to hold the token for a long time, and hence are not impacted by the current market movements. This may highlight their intention of either carrying out a sell trade or just swapping their tokens for another crypto. Usually, the supply on the exchanges increases when the traders flush their holdings onto the exchanges from their wallets. The Sandbox supply on exchanges indicates the total number of assets present in the wallets of the exchanges. ![]() Overview of The Sandbox On-chain Analysis: The Sandbox Supply on Exchanges However, the bearish activity is expected to intensify at these levels, hence if bulls get drained, then the price may begin with a fresh bearish wave.Else, the SAND price may rebound from the current levels and quickly attain the upper resistance zone that happens to be above $1.After breaking above the wedge, the price is consolidating within a very narrow range due to which it may possibly drop slightly and rebound but after a brief accumulation.The Sandbox price after trading within a huge falling wedge for quite a long time, bounced off the resistance but failed to reach the pivotal resistance levels.However, the price appears to be preparing for a rebound and with this, a suitable recovery may be expected.The price then began to trade under extreme bearish conditions and depleted heavily and lost more than 96% of its value.The price rose gigantically by more than 1000% from levels around $0.76 to as high as $8.48 in less than a month which ended up attracting the bear for an extended period.The price remained heavily consolidated under $1 for the first 3 quarters and with the beginning of the Q4 2021 trade, the price exploded.Launched in 2011, the Sandbox entered the world of the trade before the beginning of the bull run, in 2020.The token is slowly gaining upper hand among the traders as the whales shed off their holdings, creating significant volatility within the spaceĪdditional Read: Apecoin Price Prediction Price. ![]() The long-term fractals appear bullish presently, despite the frequent bearish interference and eventually reach the desired target by surging another 100%.The Sandbox price after gaining more than 100% in the past fortnight is consolidating close to the crucial resistance aiming to set out a fresh bearish wave soon.What will be the price of 1 The Sandbox in 2030?.What will The Sandbox be worth in 2023?.Should you invest in The Sandbox in 2023?. ![]()
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