Recently, Alan Santana has voiced his optimistic opinion about The Sandbox (SAND), speculating that it may be amid a critical accumulation phase with significant potential. He believes that since prices are at their lowest point, investors stand to win significantly throughout the subsequent market cycles.
Analysis indicates that SAND is in an upward trend because it hasn’t had a lower bottom since July 2021. SAND/USDT has followed this pattern, even though August 2024 saw some volatility, which increases the likelihood of a new record high.
The company’s long-term goal for SAND is $22.22, which, if reached, could result in an 8,600% return on investment over the stock’s present value. According to this forecast, SAND might see a potential increase in value of 87 times.
Further short—to mid-term goals are provided regarding earnings. While the primary midterm target projects a 1,111% rise, the first milestone expects a 415% gain.
This implies that the investors may realize substantial gains in addition to meeting their long-term goals. Regarding the state of the market at the moment, the analyst says that SAND is a sensible investment for coin accumulation, given the current cheap pricing.
Sandbox Price Drops, Bullish Hopes Remain
A full-fledged bull market in the cryptocurrency market was not visible upon analysis of the circumstances in 2023. Although the value of some cryptocurrencies has increased, most have not grown at the rapid rates characteristic of a bull market.
Nonetheless, it seems as though the market is trying to transition from a bearish to a bullish phase. In September and October 2023, the value of various altcoins, including The Sandbox, declined. August 2024’s year-low is a slight anomaly in the grand scheme.
According to Santana, the resistance of insiders and the general public is why there is no need for SAND. Nevertheless, he believes that there will be a significant bull market in 2025 and that initiatives like The Sandbox will succeed. SAND’s price as of publication is $0.2532, a 0.27% decrease from the previous day.
If people adopt the right strategies, the following market trends could become a breakthrough, and their profit margins could drastically alter their lives. His projections about The Sandbox’s future are still based on conjecture, but the volatility of the cryptocurrency markets is sufficient to justify his optimism.
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Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.
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