The Sandbox Is up 7.45% – Time to Buy SAND?

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  • The Sandbox acquires Uruguayan technology firm Cualit: Time to buy SAND?
  • Jamiroquai partners with The Sandbox to bring ‘Virtual Insanity’ to the Metaverse
  • Star Atlas and The Sandbox team up for the first time in Metaverse

The global cryptocurrency market has witnessed an uptrend of about 2.53% in the past 24 hours. Also, The Sandbox’s token has seen a bullish trend of 7.45% in the past 24 hours. This uptrend provides an investment opportunity to buy SAND and rise with the market.

The Sandbox Acquires Uruguayan Technology Firm Cualit: Time to Buy SAND?

The Sandbox has acquired Cualit, an Uruguayan full-stack development technology firm.

The partnership will boost The Sandbox’s Web3 and blockchain innovation and development capabilities by increasing its global staff and expanding its ambitious metaverse ecology.

Cualit and The Sandbox have been working closely for over a year. The gaming blockchain firm will collaborate with Martin and Frederico Perez, the two brothers who co-founded Cualit, to expand resources and infrastructure.

Cualit will become The Sandbox Uruguay, bringing The Sandbox’s worldwide staff and ambitious metaverse ecosystem to a new level by concentrating its efforts on speeding up the development of The Sandbox. Over the last 10 years, Cualit has been instrumental in decentralising the Uruguayan IT industry by utilising blockchain frameworks and technologies for competitive initiatives.

The firm has enabled digital transformation in Uruguay and solidified its status as a technology and software development innovation powerhouse. This was done by creating new digital experiences for top businesses.

Jamiroquai Partners with The Sandbox to Bring ‘Virtual Insanity’ to the Metaverse

The Sandbox recently announced a partnership with Jamiroquai, the legendary jazz-funk band, to bring the band’s free-spirited character to The Sandbox. Bravado, Universal Music Group’s industry-leading brand management business, helped build the strategic partnership.

Jamiroquai is a famous London-based funk and acid jazz band led by vocalist Jay Kay. The Grammy award-winning band is most known for the global smash “Virtual Insanity” and a succession of great albums and international tours. They have sold over 27 million albums globally.

The band said that creating a LAND where everyone can come together in The Sandbox with a bit of funk, freedom, and fashion will provide a communal place to connect with fans and fellow music lovers digitally.

Sandbox, which is half virtual real estate and part amusement park, fully embraces the Metaverse concept as a shared digital realm where worlds and heroes combine to create magic.

Star Atlas and The Sandbox Team Up for the First Time in Metaverse

The Sandbox, a premier decentralised gaming metaverse, and Star Atlas, a next-gen metaverse based on the Solana blockchain with triple-a game design and Unreal Engine 5 visuals announced the first step in revolutionising gaming interoperability between the Ethereum and Solana blockchains.

The Star Atlas VoxEdit contest, which began on May 2 and ended on May 15, officially sets off the collaboration between the two metaverse worlds.

The Star Atlas VoxEdit Contest allows players to take on the role of an ambassador or envoy from The Sandbox. The ambassadors are tasked with visiting one of the Star Atlas metaverse’s three primary galactic factions: the ONI, Ustur, or MUD.

Sandbox’s free VoxEdit programme is then used by envoys to create a report on what they find, by producing a portrait of one of the faction’s inhabitants. Also, Star Atlas and The Sandbox teams will vote on the winners, and the results will be released on June 11. The top four finishers will receive 50,000 SAND in-game cash and a fleet of rare Star Atlas starship NFTs.

SAND’s Technical Analysis

At press time, SAND trades at $1.43. The altcoin has seen an uptrend of 7.45% in the last 24 hours while benefiting from a 7-day surge of 9.51%.

SAND Price Chart - Buy SANDSAND is currently bullish. The digital asset is trading slightly above the 78.6% Fibonacci retracement level of $1.43. This indicator could act as a resistance level for the digital asset in the short term. However, a bullish rebound might see SAND break above the current resistance indicator of $1.43 before the month’s end.

SAND’s Relative Strength Index (RSI) is 58.33. This value indicates that the altcoin is in the underbought zone. Hence, this could be a good time for investors to buy SAND and rise with the market.

Presently, the digital asset is trading above the 50-hour Simple Moving Average (SMA) indicator of $1.42. This value further indicates that the cryptocurrency is bullish. The moving average convergence and divergence (MACD) value of the crypto asset also exhibits a buy signal.

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About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.