After the Saudi Arabia partnership news and the fact that another 20% of SAND tokens from the total supply were released in February, the community was certain that Sandbox was in for a bullish treat.
However, the last 30 days for the famous Metaverse token haven’t been exactly favorable, with over a 6.5% decrease in value.
This isn’t disastrous considering that SAND is up by 77% since the start of the year, but a panic sell-off could cause a lot of problems if investors decide to take that step.
Right now, industry analysts are saying that Metaverse cryptos like Fight Out (FGHT) and RobotEra (TARO) are much safer alternatives and could bring bigger gains.
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Sandbox Trading in Red Despite Several Positive Updates
Sandbox has been capturing wins on several fronts throughout February.
For starters, Sebastien Borget (Co-Founder and COO at Sandbox) met with the Saudi Arabia Digital Government Authority on February 7th and announced an MOU (Memorandum of Understanding).
During the Middle East nation tech conference LEAP, the team made this announcement public on the official LinkedIn profile.
Borget said, “We look forward to exploring, advising, and supporting mutually each other in activations of the Metaverse!”
Since an MOU usually leads to a permanent partnership, investors have been bullish on the news and there was a short spike following the LinkedIn announcement.
Other wins include an impressive 400+ new brands joining the Sandbox platform in the last few months, with even some big names like Ubisoft and Warner Music Group buying valuable real estate.
Brands like Gucci and Playboy are already heavily invested in the digital world, with Gucci holding virtual live events and Playboy launching its Metamansion.
An increasing number of digital artists are being hired by these companies to design their parcels and build some spectacular architecture that can later be monetized.
But despite all this, Sandbox has been struggling these past few weeks, with the 30-day decrease set at around 6.7%.
Some analysts believe that this is due to the 20% of new tokens being released because this type of movement is typically followed by higher liquidity. Others attribute it to a “trading calm” among investors.
While we’re waiting for the dust to settle, everyone in the community is suggesting that we should shift our focus toward other Metaverse cryptos.
Here are the ones that seem the most promising for big gains.
Fight Out (FGHT)
Fight Out is a Metaverse-based M2E crypto platform that’s about to revolutionize this entire industry with some never-before-seen blockchain features.
For starters, the creators have gathered an A-list team of professional coaches that have years of experience working with world-class athletes.
These coaches will create personalized fitness programs for users on the platform and tailor them according to their needs and body type. This will both speed up the process and make it healthier.
Users will receive NFT avatars that represent their bodies and they will mirror the changes as they make progress toward body goals. These are soulbound NFTs and they can’t be sold for a profit.
However, you can show them off in the real-world gyms that will be launched later this year and connect with other individuals in the ecosystem.
There’s no other M2E platform currently on the market that can compete with what Fight Out is offering and analysts believe the project will soar once it goes viral.
If you want to capitalize on this fitness mania, you should join the presale as soon as possible.
RobotEra (TARO)
RobotEra is a P2E crypto gaming platform based in an apocalyptic and vast Metaverse where robots have taken over.
To join the platform, you’ll have to become a robot by minting an NFT avatar that will represent you.
RobotEra functions as a shared multiverse, which means there will be several exciting P2E games launched over the span of the next few months.
There are also a ton of monetization options such as trading land, completing tasks for rewards, and flipping NFTs.
The native TARO token powers the platform and you can get it for a discount right now at the live presale.
Decentraland (MANA)
Decentraland is an Ethereum-based Metaverse ecosystem that leverages digital assets, blockchain, and P2E elements.
Users are provided with an immersive digital world experience and they can explore tons of exciting opportunities available within.
You can buy digital real estate with NFTs and then customize them to your liking and creativity. Later on, you can sell them for profits.
A lot of big companies have land in Decentraland, including Coca-Cola, Samsung, and more.
MANA has also been on a downtrend lately, but Metaverse enthusiasts believe there’s a chance at a rebound.
Conclusion
Sandbox is in the rough currently, but with a lot of positive sentiment surrounding it, things could easily turn around in the upcoming weeks.
However, even if it does enter a bullish run, Sandbox can’t match the gain potential of Fight Out (FGHT) and RobotEra (TARO).
Once the presales come to an end, these two Metaverse cryptos can easily bring 20x-40x gains to early investors.
If you want to be one of them, now is the best time to get in.
