Overview of Metaverse’s Performance

Recently, the world witnessed key announcements from behemoth tech players concerning their metaverse-based projects. Essential tokens such as SAND soared as a consequence. However, owing to an observable shift in interest towards artificial intelligence amidst the enduring bear markets, metaverse tokens have not been performing optimally. This has led to a noticeable decline in user numbers and a significant erosion in the base prices of the metaverse lands.

A Glance at Metaverse’s Journey in 2021

In a nutshell, here is what Metaverse’s journey looked like in 2021:

• Multiple eminent tech corporations announced metaverse-centric projects
• Tokens like SAND observed a significant lift
• Yet, due to the existing bear markets and escalating interest in artificial intelligence, metaverse tokens underperformed.
• The fallout led to a steep decline in user figures and a drastic erosion of the base prices of metaverse lands.

Turkishverse Land Sales Announcement

At 16:27, today, the official account of The Sandbox excitedly announced the long-anticipated Turkishverse. The announcement stated that the sales for metaverse lands under Turkishverse are about to commence shortly.

The Sandbox, which made its entrance in the Turkish market in June 2022 and has announced involved alliances such as MuhteÅŸem Yüzyıl and Kral Åžakir, has initiated a special metaverse zone here. A unique game, which would enable the player to secure a mysterious box, was revealed during the Ramadan events in April. Among the awards distributed was the Whitelist right for the Turkishverse LAND. Nearly four months later, The Sandbox is now unveiling that Turkishverse’s metaverse land sales are about to start.

Metaverse land sales occur in the form of NFTs. As interest in NFTs has been declining for a while, The Sandbox is likely to proffer more budget-friendly prices as opposed to earlier land sales.

SAND Token Price Prediction

The SAND Token is currently being traded at $0.32 on Binance. Despite witnessing massive bull runs throughout the year, SAND is enduring an inflationary phase. An increasing supply coupled with waning new demand has inevitably led to the steady wearing away of the price. The fairly recent plunge in the BTC price triggered the price to go backwards to the levels of July 2021.

August 17 marked a momentous dip below the $0.3 support line, reaching the figure of $0.2908. For a recovery to be initiated, the price must close above a value of $0.34. If this is achieved, it’s likely that a rally could push the price up till $0.41. Following this, the target prices are the record highs of $0.46 and $0.63.

The price of The SAND Token is currently aligned with the levels of January 2, 2023, and additional losses could push it down to $0.27, a level observed during the week of June 21, 2021. Post the peak in November 2021, the SAND Token price has plunged by nearly 96.56%. Although there have been sporadic upward movements during the past 92 weeks, a noticeable decrease in price has overwhelmed the scene.

Note of Caution

Please note that any information contained within this article should be considered as for information purposes only and not an investment advice of any sort. We encourage all investors to be aware of the heightened volatility and accompanying risks linked with cryptocurrencies. We recommend carrying out your own in-depth research before initiating any transactions.