![]() ![]() Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. ![]() This is reflected in our 2023 predictions. Our algo still sees a some green in 2023, especially in the second part of the year. Crypto is still perceived as a very risky play and hence the sell off. Investors are selling risky assets and moving into more stable markets. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. The whole crypto world is on a verge of a complete breakdown. SAND Price Prediction For The Next 90 Days The Sandbox Price Prediction 2030 – 2040.SAND Price Prediction For The Next 90 Days.The post Sandbox (SAND) price prediction: Something big is about to happen appeared first on CoinJournal. This view will be confirmed if it rises above the important resistance at $0.98. Therefore, despite the bearish view of the cliff unlock, there is a likelihood that the coin will have a bullish breakout in the near term. Sandbox crypto is also slightly above the 25-day and 50-day moving averages. Still, the coin seems to be forming a cup and handle pattern, which is usually a bullish sign. So, is it safe to buy The Sandbox? Turning to the daily chart, we see that the SAND crypto price pulled back slightly below the resistance point at $0.9800 (November 5 high). ![]() It is unclear what the partnership will do but there is a likelihood that the government will take a stake in the company. For example, on Wednesday, Sandbox announced a major partnership with Saudi Arabia Digital Government Authority. In such cases, this dilution happens because the developers usually publish positive news to counterbalance the news. In other cases, such as with dYdX, companies tend to postpone their cliff unlock. For example, in January, Axie Infinity’s AXS token surged even after the cliff unlock introduced more tokens in its ecosystem, as I wrote here. However, in some instances, cryptocurrencies tend to rise when it happens. In theory, the SAND price should decline ahead and after this dilution. Therefore, introducing new tokens will dilute existing holders. Sandbox now has a total market cap of over $1.17 billion and a diluted value of $2.34 billion. The next cliff unlock will happen on Monday and will see over 372 million tokens valued at over $292 million being unlocked.Īs a result, the total number of SAND tokens in circulation will rise to 2.1 billion tokens. The locked ones are currently valued at over $1 billion. A cliff unlock is a situation that is baked in the tokenomics that increases the number of tokens in circulation.ĭata by Token Unlocks shows that just 56% of all SAND tokens are now in circulation, with the remaining 44% being locked. Cliff unlock nearsĬrypto tokens have a mechanism known as tokenomics, which defines the distribution of initial tokens. The SAND/USDT price retreated to a low of $0.7797, which was lower than this week’s high of $0.937. The Sandbox price crashed for two straight days as the cliff unlock date nears and as a risk-off sentiment prevailed.
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