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How bullish is Sandbox token following the welcoming of DBS

? Sandbox announced a partnership to take DBS to the metaverse. Metaverse is estimated to go up to $13 trillion in value in the current decade. Sandbox is yet to post strong gains amid the partnership. Metaverse – an integrated network that promises virtual worlds and a 3D version of the internet. The network will…

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  • Sandbox announced a partnership to take DBS to the metaverse.

  • Metaverse is estimated to go up to $13 trillion in value in the current decade.

  • Sandbox is yet to post strong gains amid the partnership.

Metaverse – an integrated network that promises virtual worlds and a 3D version of the internet. The network will be a $13 trillion opportunity by 2030, according to Citi analysts. The craze to enter the 3D virtual reality world grew exponentially in 2021. Since then, it has slowed down and brought with it tokens from Metaverse platforms like Sandbox USD/SAND.

There is still hope as companies again show interest in the yet-to-be-exploited space. DBS, the banking giant, announced that it would be entering the metaverse via the Sandbox on September 9. DBS will purchase 3*3 pieces of real estate in The Sandbox. DBS BetterWorld will be born from this partnership. It is an interactive virtual experience.

Revisiting SAND after the DBS partnership

While the DBS partnership rekindles the memories of the metaverse, SAND is yet to react strongly. Only 1. 55% in the last one week.

Source – TradingView

According to technical outlook, SAND appears to be recovering. Bullish momentum is confirmed by a bullish MACD crossover. The current price level is still vulnerable.

The established resistance for SAND is $1.00. The cryptocurrency currently trades at $0.966. The price is already facing resistance at or slightly below $1.00. Although the price has slightly crossed above the 20-day MA, the momentum is weak. The possible price move is bearish unless SAND reclaims $1.00.

Concluding thoughts

Sandbox recently welcomed DBS to the metaverse. However, the native token has yet to see significant gains. These slow gains could indicate that crypto’s macro-issues may not be over. SAND faces resistance at $1, while momentum appears weak.

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