The Sandbox (SAND) Targets 8,600% Growth as Crypto Market Shifts In 2024
Alan Santana has recently expressed a bullish sentiment regarding The Sandbox (SAND), suggesting that it could be currently in the middle of a crucial accumulation period with tremendous upside. In his consideration, the prices at the current market are at the lowest, and those who invest now are likely to gain a lot in the next market cycles.
According to analysis, SAND has had a higher low since July 2021 which means that the coin is in an upward trend. While it got a bit volatile in August 2024, SAND/USDT has adopted this pattern, which raises the chance of a new record high.
The Sandboxs Long-Term Goal
The long-term vision of the company for SAND is that it has established it at $22.22, which if it is attained could lead to a return of investment of 8,600% from the current price. This projection shows that SAND has the possible opportunity to rise to a 87 times increase in value.
Other objectives are given for the short to mid-term period regarding the profit. The first milestone predicts a 415% increase while the primary midterm goal estimates a 1,111% increase.
This means that the investors could get huge profits even before achieving the long term objectives. As for the current situation of the market, the analyst notes that SAND is a good asset for the accumulation of coins at the current low prices.
Market Shifts to Bullish?
Analyzing the situation in 2023, the crypto market was not able to see a full-blown bull market. Despite the fact that some altcoins has increased, the majority of them did not demonstrate the high growth rates typical for a bull market.
However, it appears that the market is transitioning from the bearish phase to the bullish phase or at least attempting to do so. In September and October of 2023, many altcoins such as The Sandbox also dipped to their lowest. The low of the year witnessed in August 2024 is considered to be a minor blip in the overall scenario.
Santana explains that the existing lack of demand for SAND can be attributed to the reluctance of both the general public and insiders. However he still stays hopeful for the year 2025 to have a major bull market and that projects such as The Sandbox would do well in it. As of press time, SAND sits at price of $0.2532, and slightly down by 0.27% over the past day.
The Next market trends may become a breakthrough, and the profit rates may bring drastic changes in the life of individuals who would use appropriate tactics. Although his predictions are still based on assumptions, the fluctuations inherent to the crypto markets are good enough to support his optimism regarding The Sandboxs future.
Read more: https://www.tronweekly.com/the-sandbox-sand-targets-8600-growth-as-crypto/
Text source: TronWeekly
