INTRODUCTION
The Sandbox (SAND) has vaulted to stardom in the past several months due in large part with its association to the metaverse. In fact, had you invested $500 in The Sandbox on January 1, 2021, your investment would now return over $73,000 (as of December 11, 2021). That's correct - a whopping 14,500% so far this year.
Given this huge gain, let's investigate in this subsection of the Leo Finance The Sandbox (SAND) Coin Guide whether or not you should consider buying The Sandbox (SAND) token.
SHOULD I BUY THE SANDBOX (SAND) IN 2021?
THE METAVERSE IS NOW IN VOGUE
Thanks to Mark Zuckerberg and the Facebook rebranding to 'Meta', the cryptosphere (and beyond) has now become focused on everything regarding the thing we call the metaverse. For those new to cryptocurrency and the internet in general, a metaverse is a virtual world where users can do many of the same things they can do in the real world from the comfort of their own home - they can shop, visit an art gallery, explore a new city, and even interact with other users.
Interest in the metaverse has likewise been enhanced due to the various restrictions imposed as a result of the COVID-19 pandemic. The metaverse permitted a degree of normalcy by allowing people to visit new places, shop, etc. virtually while they were locked at home with stay-at-home orders and travel restrictions.
These metaverses such as The Sandbox are all in their infancy stages and it really is too early to discern just how this area will pan out. Many, such as Cathie Wood of Ark Invest, believe that the metaverse will prove to be a multi-trillion dollar investment opportunity. And with the rebranding of Facebook it is crystal clear that Mr. Zuckerberg is of the belief the metaverse is the future. But all at this juncture of time is mere speculation.
So it is very important that when considering a metaverse investment one not give into the hype and FOMO. One should step back from the FOMO and evaluate the project on its merits. It is beyond belief that The Sandbox would grow another 14,500% in a short period of time, so the question becomes: Do you believe The Sandbox has significant potential to grow over the next 5 to 10 years?
In this regard, we answer in the affirmative. Price predictions for The Sandbox are ranged, but most demonstrate a significant price growth potential over at least the next 5 years.
THE SANDBOX ALPHA HAS FINALLY LAUNCHED
With more than four years in its development stage, The Sandbox has finally launched it's metaverse in alpha format. 5000 lucky users could avail themselves in The Sandbox metaverse for a multi-week play-to-earn adventure and to further explore the existing Sandbox metaverse with their exclusive Alpha Pass. Those not so lucky to have bought or won an Alpha Pass nonetheless can still access and explore small portions of this metaverse.
If you are considering investing in The Sandbox, we highly recommend you download The Sandbox Alpha Hub and explore this virtual space. In this fashion you can gain access to a small portion of The Sandbox metaverse for free. Through this exploration you can gain first hand knowledge as to what the 'game' has the potential for delivering. This knowledge will prove invaluable in reaching a final investment decision.
THE SANDBOX HAS ANNOUNCED MANY SIGNIFICANT INVESTORS AND PARTNERSHIPS
Key investors and partnerships imply faith in the strength and viability of any project and may be a compass for discovering potential success. In this regard, The Sandbox has some bragging to do.
Early in November, 2021, The Sandbox finished a fundraising round led by SoftBank, which raised $93,000,000. The Sandbox intends to use these funds to assist the platform's scalability and to market and grow The Sandbox into a prime entertainment source.
Additionally, The Sandbox boasts of many significant key partnerships. Most notable amongst these partnerships include: OpenSea; Snoop Dogg; The Walking Dead; Binance; CoinMarketCap; WAX; Maker; Flow; Opera; and Socios.com [See, e.g. Nagoda, K. Decentraland v The Sandbox. (Accessed December 14, 2021)].
SUCCESS OF THE SANDBOX IS DEPENDENT ON FUTURE ADOPTION BY USERS
The Sandbox is only one of many projects being developed or contemplated for the metaverse space. The success of The Sandbox project will be largely dependent on it's ability to drive future adoption of it's metaverse to a large segment of users in the space. So even if the metaverse space gains traction and becomes widely popular, The Sandbox must still attract users to support it's system.
As noted above, The Sandbox intends to utilize a portion of the $93 million financing obtained to promote and grow this metaverse into the go-to gaming destination in the cryptoverse. If successful, this marketing will drive sufficient users to the platform to make it a success. But in reality, only time will tell.
CONCLUSION
While investing in cryptocurrency itself is risky, investing in metaverse coins/tokens is even riskier. This extra risk results from all the unknowns surrounding the metaverse due to the infancy of the market. There just are too many open questions surrounding the metaverse for us to endorse full fledged investment recommendations concerning The Sandbox, especially for the conservative, risk intolerant investor.
But, it is a given that every individual investor possesses a different present financial circumstance, tolerance for risk, and investment strategy. These must be weighed in light of the factors and information above provided in finalizing any investment decision. Accordingly you as the potential investor must make the final investment decision that is appropriate for your individual circumstances and in your best interests.
Therefore, if you are a high risk tolerant investor, the potential is present to make some nice returns investing in metaverse coins/tokens. While there has been a huge price run-up in most of the projects in this sector, given the infancy age of it, there should still be some significant growth potential present. And The Sandbox is poised to take advantage of those potential gains if all runs in it's favor.
And please always remember, never invest more than you can afford to lose.
Good Luck!
DISCLAIMER: The content herein is presented for educational purposes only and should not be construed as investment advice. Any loss incurred as a result of investing in The Sandbox (SAND) is yours and yours alone and may not be imputed to this author. Any foregone gain incurred as a result of not investing in The Sandbox (SAND) is yours and yours alone and may not be imputed to this author.