The Sandbox Announces Alpha Season 4 with Over $2.5M in Rewards
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The Sandbox’s Alpha Season 4 to offer $2.5 million in SAND token rewards. SAND token holders can stake their tokens to earn passive income and participate in the platform’s governance. Despite recent price fluctuations, SAND’s open interest is rising, and Binance’s long/short ratio indicates bullish sentiment. The Sandbox has officially revealed the arrival of its highly anticipated Alpha Season 4. The upcoming season will span 10 weeks and feature more than 100 experiences. Additionally, the platform offers over $2.5 million in SAND token rewards to participants. Players can now reserve their spot and claim a free, limited-time NFT, further enticing engagement within the gaming metaverse. Since its 2020 debut, the SAND token has seen notable price fluctuations. In 2021, it reached its all-time high of $8.44 before rapidly declining. The token currently trades around the $0.279 mark, with a 24-hour trading volume of $44.55 million. While SAND is up 0.65% over the last day, it is still far from its peak. Investors are closely watching the $0.20 support level to assess whether SAND is poised for recovery or further decline. The Sandbox allows players to create, own, and monetize gaming experiences using NFTs and blockchain technology. The SAND token is crucial to its economy, serving as a utility token enabling users to participate in governance and purchase tokens. Users can also generate passive income by staking SAND and earning rewards like gems and catalysts, essential for crafting unique digital assets. Market data reflects mixed sentiment toward the token. Despite a 19.56% drop in trading volume, open interest rose by 0.61%, signaling sustained investor interest. Interestingly, Binance’s long/short ratio shows a bullish outlook for SAND, with elite traders taking long positions on the SAND/USDT pair. Market Sentiment and Trading Activity Recent derivative data offers insights into SAND’s current market position. While…
Filed under: News - @ September 25, 2024 5:22 am