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The Sandbox is undoubtedly one of the most successful play-to-earn tokens out there today. Having already ridden The Sandbox wave, big-money investors are now looking for a new play-to-earn token that could deliver the same mind-boggling gains.
One of these tokens is Metacade and this article will discuss where The Sandbox might end up in the next bull run, before exploring why SAND whales are starting to consider Metacade as a better alternative.What is The Sandbox (SAND)?
The Sandbox is an Ethereum-based virtual world that allows users to buy in-game land and develop monetisable games and experiences on their land. Each parcel of land is stored on the blockchain as a LAND NFT, meaning that land can be proveably owned and transferred with ease. The Sandbox makes it easy for players to build whatever they like on their land with the VoxEdit and Game Maker tools, which offer an entire suite of world-building development tools that can produce some stunning results.
These features have attracted some big names to The Sandbox, such as The Walking Dead, HSBC, Ubisoft, and Gucci. Each has created a unique experience, like Gucci Vault Land and the HSBC Stadium, for players to explore alongside dozens of other immersive destinations.The Sandbox (SAND) Price Prediction
During the 2023 bull run, The Sandbox’s native token, SAND, reached a high of $8.48. Today, it trades for around $0.55, breaking key support found before SAND’s huge run-up. In the short term, expect SAND to fall further to around $0.37. Once a new bull run in SAND starts, the area between $3.20 and $3.90 will likely pose some resistance.
After this area is cleared, $5.80 to $7 is expected to be an area of trouble for SAND. However, once this resistance is broken through, SAND will likely begin to seek new highs. Conservatively, the next bull run might see SAND top out between $14 and $15.50, offering potential 27x returns on today’s prices. More optimistically, SAND could peak around $19 to $20 if things go well – a whopping 35x return!What is Metacade (MCADE)?
Right now, the gaming industry is directed by a handful of large companies that are intent on extracting as much value from their players as possible. Metacade is turning this model on its head, putting user value and ownership above all else. This echoes The Sandbox’s philosophy and is likely why SAND investors are getting so excited about the Metacade presale.What’s Drawing SAND Investors to The Metacade (MCADE) Presale? Community Rewards
When you write a review, share tips with other players, or post other useful content for others to learn from, it’s typically the platform that benefits the most. After all, this information is likely to attract new players and grow a community. But what if some of that added value went straight back to players? In the Metacade, it does! Each time you post a review, offer some tips or make a valuable contribution to the community, you’re rewarded with the MCADE token for your role in growing the platform.Funding the Best Play-to-Earn Titles
One feature creating a buzz amongst SAND investors is the Metagrant. Metagrants offer a way for the community to fund the play-to-earn games they believe deserve to be built in a competition-based format. In each Metagrant competition, developers add their idea for MCADE holders to vote on, with the winner being allocated funding from the Metacade treasury to help turn their dream into a reality. Once the game is ready for launch, it’ll be added to Metacade’s virtual arcade alongside dozens of other community-backed titles.Becoming Entirely Community-Owned
To fulfill its vision of true community ownership, Metacade plans to become a decentralised autonomous organisation (DAO) once development of the platform is complete. From here, community members will step up to become responsible for implementing decisions made by MCADE holders. Each key decision affecting the community, like new features, partnerships, tokenomics, and more, will be put to a vote for Metacade users to determine. In the process, they’ll be participating in the world’s first player-owned virtual arcade.It’s No Wonder SAND Whales Are Interested in Metacade (MCADE)
Considering one of The Sandbox’s core tenets is user ownership, it’s easy to see why SAND whales are getting in early on the Metacade presale. They’re likely already aware of the incredible growth play-to-earn is expected to see over the next few years (10x the rate of regular gaming, according to chúng tôi and how important community spaces are to gamers, which provides an excellent fundamental backdrop for Metacade to rocket as more gamers flock to play-to-earn gaming.
While the optimistic case for The Sandbox is 35x in the next bull run from current prices, gems like Metacade often increase much more from their presale prices – sometimes as much as 100x! Given all of the reasons mentioned to be bullish on Metacade, it seems like SAND whales are making a wise move getting in early on MCADE.
If you think these whales might be on to something, then you’ll want to check out the Metacade presale before it’s too late, especially when you can get more than double your long-term returns simply by being one of the earliest investors in Metacade. That’s because, in phase 1 of presale, you could get 125 MCADE for $1. In phase 9, you’ll get just 50 MCADE for that same $1. Take a leaf out of the smart money playbook and join the Metacade presale today!
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One of the hottest investments in crypto last year was in metaverse-related projects. Investors saw early gains in play-to-earn gaming projects, while there was a blast higher in metaverse virtual universes into late November.
That spike was created by the news that Facebook was rebranding its business model to incorporate the metaverse. After prices have cooled, there is now an opportunity for three bargains that are set to lead the metaverse: Decentraland (MANA), The Sandbox (SAND), and chúng tôi Each of these projects has the potential to attract many new followers and find new ways to monetize its strategy.Decentraland (MANA) Land Prices Are More Attractive
The Decentraland MANA coin has slumped since that November spike high, with the Decentraland MANA coin falling from highs near $5.40 to trade at $1.00. Decentraland (MANA) saw prices rocketing for its virtual plots of land at the time of the Facebook news. Virtual land usually sells at a premium due to the size of the lot and its proximity to the center of the metaverse. However, in the future, the land prices could depend on the corporations that are located nearby. Brands such as Adidas and Atari have bought up virtual land in blockchain-based metaverses, and many companies believe that much of retail will eventually happen within the metaverse. Walmart was another major company pivoting to NFT goods.The Sandbox (SAND) Attracts New Corporates
The Sandbox (SAND) project can also produce a rebound in price after the price rallied to $8.40 but then dropped back to $1.30. The Sandbox also sells plots of land and investors have a chance to get involved at lower levels. Recent news saw Coinbase listing the SAND token and that has spurred prices higher. Another news report was that two telecoms giants had bought land in The Sandbox (SAND). PCCW and HKT said they will be launching the world’s first virtual 5G mobile network in the virtual world. That will allow them to distribute TV and music content in the Web 3 form of entertainment.Chronoly (CRNO) Also Plans a Metaverse Move
This unique project will offer a blockchain marketplace for investors to snap up NFTs that are backed by rare and exclusive watches. That streamlines the process of watching investing. The physical watch is insured and kept in secure storage. The NFTs will then be broken into many fractions making it possible for investors to get in for as little as $10. With the help of blockchain tech, it’s possible to trace the ownership, value, and authenticity of the timepiece. This is the revolutionary solution against counterfeits.
The project’s native Chronoly (CRNO) token can also be staked for an annual yield. In the future, the token could rally on its metaverse potential as the world’s top watchmakers will likely want to be involved in the metaverse and could link up in partnership with Chronoly (CRNO).
The CRNO token has gone from $0.01 to $0.066 in the last couple of weeks. The revolutionary idea combined with the transparency that the Chronoly team gives to their community has made the price rise by 560%. Furthermore, experts predict the price to soar over 3,000% once it is officially released on Pancake Swap.For more information about chúng tôi Presale:
At the peak of Q1’s bullish momentum, CRO was among the top-10 tokens held by the top 100 ETH Whales. However, according to Whale Stats, interest dropped in Q2, with CRO ranked no. 36 among the top ETH Whale holdings as of press time.
With this sharp U-turn among ETH whales, how do the Q2 2023 odds stick up for CRO? Let’s explore the charts for some cues.CRO on a long-term downtrend; faces key price floor
In early 2023, bulls found steady ground at $0.055 and fronted a rally. The upside move coincided with a strong BTC rally from $16k to $28k in Q1.
Although CRO hiked by over 50%, closing above $0.085 between January and February, the Q1 overall performance eased to around 25% after a sharp retracement in March.
The overall price action since Q1 2023 chalked a range (yellow) with extreme levels at $0.055 (January/December lows) and $0.0867 (Q1 price ceiling).
In April and May, CRO recorded mixed results. It consolidated narrowly between $0.066 and $0.071 in early April before rallying to $0.084 at the end of April.
In May, CRO reversed all the recovery gains made since mid-March. It plunged from $0.084 in late April to around $0.059 at press time.
The price hovered below the March swing lows at press time. Now, CRO could retest the range lows/December lows of $0.055, with Bitcoin [BTC] back to the $26k zone at the time of writing.
A weak BTC could tip sellers to extend gains to the immediate support level and price floor of $0.055. The level was also a price floor back in December 2023.
It remains to be seen if bulls will defend it again. If that happens, CRO could see a recovery, especially if BTC reclaims $28k and surges.
However, if the $0.055 price floor cracks, sellers could seek extra gains at $0.04 or $0.02.
The OBV was relatively flat throughout May, denoting stagnated demand for CRO. But the RSI retreated to the lower range in the same period, highlighting increased selling pressure.An uptick in OI in mid-May didn’t pump CRO
How much are 1,10,100 CROs worth today?
Despite the rising selling pressure in May, there was a sharp uptick in open interest (OI) in mid-May. The OI rose from less than $5 million to over $6.5 million in mid-May, but CRO prices didn’t react as much.
On the on-chains metrics front, CRO saw a sharp spike in supply on exchange in early May. The move coincided with a breach of the mid-range level of $0.071, exposing it to more aggressive selling.
The spike in supply on exchanges denotes a rise in short-term selling pressure. The metric hasn’t declined since its sharp rise in May, confirming sellers’ upper hand.
Interestingly, there were a handful of whale transactions despite ETH whales preferring other altcoins over CRO.
However, it remains to be seen if whales will inflict a reversal at the price floor of $0.055. So far, the U.S has overwhelmingly passed the U.S debt ceiling deal, which has curtailed the market for days.
Now, the focus remains on the FOMC meeting in mid-June. Hence, Q2’s bearish pressure isn’t over yet.
The Metacade project looks set to become a major name in the world of GameFi and at the moment, it represents a big buying opportunity for crypto investors and blockchain gamers alike.
With the MCADE token presale just getting started, the upside potential from this price point is high. This article will be discussing all the features that Metacade has to offer as the project progresses through its roadmap. It also provides some price predictions for the MCADE token over the next few years.What is Metacade?
Metacade is positioned to become the single biggest arcade that is built using blockchain technology. There will be a long list of different arcade games available on the platform, giving blockchain gamers a huge catalogue of games to progress through and enjoy.
Metacade will offer earning opportunities via its MCADE token. That includes P2E games, which means gamers will be given access to a comprehensive blockchain gaming experience and be able to earn while they play. Additionally, Metacade users can earn rewards by contributing to the community via reviews and playtesting.Competitive Play-to-Earn Opportunities
Players will gain access to regular tournaments, where they can compete against other gamers from around the world in many different online games. This feature will bring additional earning opportunities for players, as MCADE tokens will be provided to the top-placed performers in every Metacade tournament.
Introducing a more competitive edge to casual arcade games will help to serve all kinds of gamers and the Metacade platform looks set to attract a large and dedicated following as a result. With an extensive list of games on offer and many different methods of earning crypto tokens, the platform has been attracting a lot of attention already.Serving the GameFi Community
The Metacade community can contribute their knowledge about blockchain gaming directly on the platform, which is another innovative method of encouraging community involvement. And by offering MCADE token rewards to players in exchange for providing value to other community members, Metacade creates a world where players can really make the most out of their blockchain gaming experience.Funding the Future of Play-to-Earn Gaming
The Metagrants program will connect gamers to some of the most high-potential new projects in the space and give them the power to influence the future of the industry itself. The Metacade community will be able to vote for which game proposals they would to see built. And via Metagrants, these projects can be provided with funding.
Users will be able to access these titles long before they hit the market and can provide valuable feedback to the development teams as they build the next wave of play-to-earn games for the world to enjoy.
In this sense, the Metacade project is directly supporting the expansion of the GameFi industry. Metagrant funding will help to bring more innovation into the world of blockchain technology, which in turn will attract more users.Decentralised Autonomous Organisation
Over time, Metacade will become a decentralised autonomous organisation (DAO). MCADE holders will be able to use their tokens to join in governance voting and have their say on which new upgrades, updates, and blockchain games should be added to the Metacade platform.Metacade Price Prediction: 2023 and Beyond
The MCADE token has just started its presale event. With so much value in the Metacade roadmap, gamers, and investors alike have been taking notice already. Many MCADE investors are expecting big value increases over the next few years.
With the token launching at just $0.008 per token, investors can acquire 125 MCADE for every dollar that they invest. By the end of 2023, Metacade will reach $0.02 per token as the token increases at each stage of its presale. It is confirmed that the price will more than double during the presale, which means that early adopters have a big opportunity to get in and make some gains.
After the presale, the token will be launched to the public in its IDO, which could see even further gains being made during 2023. It is expected that the value of MCADE could reach between $0.24 and $0.30, as more and more gamers become attracted by the project’s long-term potential in the world of GameFi.
All of that means that the time to get in on MCADE is now. The coin is attached to innovative projects with a huge potential user base and actually longevity. With MCADE set to go to the moon, there’s no better time to buy in.
Small whales are becoming a common sight in the cryptocurrency world, especially when it comes to Bitcoin.
Whales are entities—individuals, institutions, and exchanges—that hold significant amounts of tokens of a particular cryptocurrency. For instance, when it comes to Bitcoin (BTC), a whale is an account that holds 1,000 Bitcoins or more. Some examples of well-known whales include Pantera Capital and Fortress Investment Group. Another popular—yet widely speculated—the whale is Satoshi Nakamoto, who is said to have mined over a million Bitcoins.
Bitcoin whales are like other majority asset holders: their movements have outsized impacts on the bitcoin market, either through increased volatility, decreased liquidity, or a combination of both.
Whales typically put massive sell orders on the books lower than other sell positions in the market creating volatility following which prices fall triggering a chain reaction. Stability returns when whales pull their large sell orders off the market or create enough panic selling to land the price to where they wanted and accumulate more coins, this tactic is often called “sell wall”.What Is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
A single whale, or a group, could potentially orchestrate a crash by selling a significant number of coins in order to instigate a wider market sell-off, only to then swoop in and buy back coins at cheaper prices. Similarly, they could also trigger a short-squeeze so that the asset’s price soars and attracts retail investors, whose buying pressure then amplifies the surge even more and thereby increases the value of the whales’ holdings.
For example, on April 2, 2023, the value of BTC jumped from around US$4,200 to nearly US$5,000 within just two hours. While this initially seemed like a breakout for the long consolidating chart, pointed toward a single order of 20,000 BTC that was executed across three different exchanges. This purchase successfully changed the market sentiment and acted as the trigger for a rally that saw the leading crypto appreciate more than 240% by the end of that June.What is bitcoin mining?
Mining is the process that maintains the bitcoin network and also how new coins are brought into existence.
All transactions are publicly broadcast on the network and miners bundle large collections of transactions together into blocks by completing a cryptographic calculation that’s extremely hard to generate but very easy to verify.What does the future hold for bitcoin?
Biden’s pick for treasury secretary, Janet Yellen, recently suggested lawmakers curtail cryptocurrencies like bitcoin due to concerns they are mainly used for illegal activities.
However, a Biden administration could be friendly to crypto, according to Yahoo Finance, given its pick of crypto expert Gary Gensler as SEC chairman.
Nobody knows for certain whether a cryptocurrency will rebound from this slump or if it will even be around in the future. It’s still a highly speculative investment, and even major cryptos like Bitcoin and Ethereum are not guaranteed to succeed.
This doesn’t necessarily mean you shouldn’t invest. But it’s wise to consider how much risk you can tolerate.
Fetch AI [FET] enjoyed smooth tidings in Q1 of 2023. Running on a double boost, AI hype, and a bullish Bitcoin [BTC], the AI-focused token hit a new high of $0.61 in February, up from its $0.09 January low. Ergo, it’s worth looking at a Fetch AI Price Prediction.
The impressive start in 2023 didn’t stop on the price charts. On the development front, FET has covered over 40% of its roadmap objectives within early Q2 of 2023.
Read Fetch.ai’s [FET] Price Prediction 2023-24
From a price-performance angle, FET’s Q1 shine has been dulled in early Q2, unless Bitcoin [BTC] reclaims upper price ranges.
Cognisant of recent remarkable developments and partnerships, how have FET HODLers faired in Q1? What should they expect in Q2? Let’s explore the daily price chart for some answers.Extended contraction in Q2, clears Q1 gains
The surge from $0.09 on 1 January to a new high on 8 February marked an over 500% rally to investors. Extrapolated to its Q1 performance, the overall rally comes down to over 300%, given the correction that followed from mid-February.
The correction followed BTC’s sharp drop to $20k mid-March before rebounding. BTC surged and made new monthly highs of $29k and 31K in March and April, respectively.
However, during BTC’s swing highs in March and April, FET faced price rejections just below $0.5 and $0.45. And, the value didn’t exceed February’s high of $0.06.
The AI hype could not cushion FET from BTC’s fluctuations from mid-April.
The market contraction has since extended to May, with the bearish crossover of 20-EMA ($0.2842) going below the 100-EMA ($0.3224), exposing FET to more downward pressure after 5 May.
At press time, FET had shed over 30% of its value between April and Mid-May, dropping from $0.3664 (session close on March 31) to $0.2414 (daily session close on 14 May).
How much are 1,10,100 FETs worth today?
However, the drop steadied slightly above the $0.2263-support level – A swing low in February 2023.
Notably, BTC reclaimed $27k at press time after dropping below the level on 12 May. The mild bullish sentiment propped up FET, giving bulls little hope of recovery.
Unfortunately, bulls will only gain the upper hand if FET close above the March swing low ($0.2978) and moving averages ($0.2842 & $0.3224).
At press time, FET bears still have leverage with the RSI in the oversold zone. Similarly, the CMF (Chaikin Money Flow) hovered near zero, showing limited capital inflows.
As such, bears could attempt to crack the $0.2263-support and retest the May/June 2023 low of $0.1732, especially if BTC drops below $27k.
Put differently, FET could retest its May/June 2023 lows if BTC sees more corrections in the coming days/weeks. Let’s look at buying and selling pressure across the two quarters to gauge the likelihood of such an occurrence.Buy vs. sell pressure in Q1 and Q2
The number of FET’s supply on exchanges declined significantly after FET hit the new high of $0.06 in February. The metric dropped below its March lows at press time, showing limited short-term selling pressure.
However, weighted sentiment remained negative and trading volumes muted, apart from positive price swings in mid-February, March, and April.
Is your portfolio green? Check out FET Profit Calculator
On the other hand, supply outside of exchanges in Q1 has since increased significantly over the past few weeks – Indicating an accumulation phase for FET. Similarly, the number of active deposits to exchanges eased – Suggesting seller exhaustion.
Therefore, some participants have been actively buying the dip as FET’s market contracted in late Q1 and early Q2. In fact, there was even slight interest from whales at FET’s levels between 8-10 May.
Nevertheless, FET’s demand will only increase if BTC reclaims upper price ranges. As such, any whipsawing on the BTC side in the remaining part of Q2 could undermine FET’s recovery efforts.Conclusion
Although FET HODLers enjoyed considerable gains in Q1, Q2 seems hellbent on snatching their joy. It rallied by over 300% in Q1 but has been on a consistent downtrend on higher timeframe charts since late March.
Unless BTC reverses recent losses, FET could firmly remain under the control of bears in Q2.
Although there has been significant accumulation during the drop, a lack of solid whale interest could further spoil the party for bulls.
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