The Sandbox (SAND) crypto coin gained popularity on Tuesday, increasing over 13% in 24-hour trading volume.

What is SAND Crypto?

Sandbox is a blockchain-based virtual environment where players may create, build, and trade digital goods.

Pixowl Inc. introduced the token in 2011.

Its decentralised platform combines the power of DAOs and non-fungible tokens (NFT) for hassle-free gaming. According to its whitepaper, it wants to mainstream the technology.

It offers a creative "play-to-earn" paradigm that allows users to both design and play games. The platform's SAND utility token powers transactions.

Because SAND is an ERC-20 token, its holders can stake and collect staking rewards. Pixowl's Arthur Madrid co-founded Sandbox.

The total supply of the token is three billion. 922.23 million coins are currently in circulation. It can be traded on Binance, Uniswap (V2), and LATOKEN.

Price and performance of SAND token

On January 25, at 7:42 a.m. ET, SAND was trading at $3.02, up 12.11 percent. Its market cap is 2.78 billion USD and fully diluted is 9.04 billion USD. Its trading volume increased 13.80 percent in the last 24 hours to US$871.23 million.

In the previous 52 weeks, the SAND token has traded between $8.44 and $0.07633. On November 25, 2021, it hit an all-time high of $8.44.

Bottomline

In the last year, the SAND token has gained roughly 3121 percent. However, the cryptocurrency market has recently been tumultuous.

Bitcoin and Ethereum prices have fallen sharply in recent weeks. Investors should therefore thoroughly assess the market before purchasing digital assets.

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