At the end of 2021, tech giants announced their metaverse-focused projects, and SAND and others skyrocketed. However, metaverse tokens are performing poorly due to the shift in interest towards artificial intelligence in the midst of the ongoing bear markets. User numbers have significantly decreased, and the base prices of metaverse lands have eroded considerably.
Today at 16:27, the official account of The Sandbox announced the long-awaited Turkishverse. The announcement stated that metaverse land sales for Turkishverse will soon begin.
The Sandbox, which entered the Turkish market in June 2022 and announced partnerships such as MuhteÅŸem YÃ¼zyÄ±l and Kral Åžakir, launched a special metaverse area here. In the Ramadan events in April, a game was announced where you could win a mysterious box. Among the rewards given here was the Whitelist right for Turkishverse LAND. After about 4 months, The Sandbox now announces that metaverse land sales for Turkishverse will start soon.
Metaverse land sales are in the form of NFTs, and since interest in NFTs has decreased for a long time, The Sandbox can offer more affordable prices compared to previous land sales.
SAND Token is currently trading at $0.32 on Binance. SAND, which had massive bull runs this year, is going through an inflationary period. The increasing supply and decreasing new demand naturally led to a steady erosion of the price. The recent drop in BTC price last week caused the price to return to July 2021 levels.
On August 17, the price briefly dropped below the $0.3 support and reached $0.2908. For a recovery, the price needs to close above $0.34. If it can achieve this, a rally up to $0.41 is possible. The next targets are the peaks of $0.46 and $0.63.
The SAND Token price is currently back at the levels of January 2, 2023, and further losses could push it down to $0.27, the level seen in the week of June 21, 2021. Since the November 2021 peak, the SAND Token price has dropped by approximately 96.56%. Although there have been intermittent upward movements in the past 92 weeks, we have seen a steady decline in price.