SAND’s Attempt To Recover Buried Under Influx of Sell Pressure -Breaking
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© Ink Drop SAND’s Attempt To Recover Buried Under Influx of Sell Pressure- The price of the Sandbox’s native crypto, SAND, has dropped 5.34% in the last 24.
- SAND is currently priced at $2.00
- Bears continue to show their strength as they foil the latest attempt for crypto prices to rise in the last week, including SAND’s price.
The price of the Sandbox’s native crypto, SAND, has dropped 5.34% in the last 24 hours to $2.00, according to CoinMarketCap.
SAND’s price has also fallen in the last 7 days by double digits, dropping by around 16.48%. The 24 hour chart is a continuation of the weekly trend for the coin’s price as the price of SAND continues to fall in the last 24 hours.
SAND’s price is now closer to the low it reached in 24 hours. The 24 hour peak is at $2.12, while the lowest is at $1.98.
SAND’s price has also weakened against (BTC) and (ETH) by around 3.66% and 2.38% respectively at the time of writing. SAND currently has a value of 0.00005586 BTC, and 0.0007513 ETC.
Ranked number 40 on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, SAND’s market cap currently stands at $2,461,522,908. SAND’s daily trading volume has dropped by two-digits following a 22.92% decline. SAND’s 24 hour trading volume was $360671,049.
MACD histogram changes gradient (Source: TradingView)
After jumping from $2.39 3 days ago, the daily price chart of SAND/USDT shows that it has fallen to $2.0066.
The recent jump in SAND’s price can be attributed to the U.S. Fed’s announcement that they will be hiking the interest rate by 0.5%. After the announcement, crypto markets experienced an immediate surge of price movement.
However, the bears continue to show that they are in control after pulling down all of the prices in the market shortly thereafter, including SAND’s price.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. The information contained in this article shouldn’t be taken as advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.
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