Sandbox ($SAND) rallies 20,700%

The Sandbox is a mobile game. Its ethereum-based blockchain version lets users play on a virtual platform and convert their in-game achievements to $SAND. The metaverse cryptocurrency has been surging lately. It has surged by a whopping 20,700% in the current year. In the beginning of 2021, it was priced at $0.036. After rallying through the dipping cryptos, it surged as much as $7.58 today. Therefore, if you had invested $1 at the beginning of 2021, you would have gotten almost $208 by now.

The Recent Surge

The most surprising fact is that, it surged the most in late October till date. It was priced at $0.72 in the third week of October and rose till $1.79 at the end. Further it rose to $7.58, today. Indicating a huge 345% increase in the current month. This comes as a shock since the whole crypto market had been declining lately. In the past seven days, Bitcoin, Ethereum and Dog-face coins saw rapid declines. However, the metaverse crypto- Sandbox surged amidst all the dips and reached ATH of $8.44 on November 25, 2021.

$SAND’s Sudden Spike, Source- CoinMarketCap

In addition, the trading volume of $SAND increased manifold. In the beginning of 2021, it wss $3.68 million. However, today it has surged to $5.58 billion. It shows a surge of 18.79% in the last 24 hours. Moreover, it has surged by a whopping 151,000% till now.

One of the major reasons for its recent surge is Facebook Inc. rebranding itself Meta Inc. When such a huge company entered into the ‘metaverse’ it gave a boost to cryptos like $SAND and $MANA.

$SAND’s 24 hour performance, Source: CoinMarketCap

However, on November 26, the crypto fell 10.77%. It dipped from $7.61 to $6.79 in few hours. This happened as the new Covid varient prompted investors to dump crypto. But it didn’t keep the downtrend going and surged higher.

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