Sand’s Recovery Effort Is Buried Amid Selling Pressure Flux

CoinMarketCap says that the price of SAND, Sandbox’s native cryptocurrency, has gone down 5.34 percent in the last 24 hours, to $2.00.

In the last week, the price of sand has also decreased by double digits, falling around 16.48 percent. As the price of SAND has continued to go down over the past 24 hours, the 24-hour chart continues to show the weekly trend of the coin’s price.

The price of sand is getting closer to its 24-hour low. It reached a 24-hour high of $2.12 and a 24-hour low of $1.98.

At the time of writing, the price of SAND had fallen by around 3.66 percent versus Bitcoin (BTC) and Ethereum (ETH), respectively. is now worth around 0.00005586 BTC and 0.0007513 ETH.

Sand is presently ranked number 40 on CoinMarketCap’s list of the top cryptocurrency projects by market capitalization, with a market value of $2,461,522,008. Sand’s daily trading volume is down by double digits after a 22.92 percent drop, totaling $360,671,049 per 24-hour period.

The daily chart for SAND/USDT reveals that the price has fallen back to about $2.066, after rising to almost $2.39 only three days ago.

The recent increase in the price of sand may be related to the Federal Reserve’s statement that it would increase interest rates by 0.5 percent. Following the news, the whole cryptocurrency market enjoyed a temporary price increase.

But the bears keep showing that they are in charge by driving down all market values, including the price of sand, right after.

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