Like many altcoins that rallied this week, the Sandbox price is giving back the accrued gains ahead of the weekend. SAND is down 6% in 24 hours to exchange hands at $0.41 at the time of writing. Investors hoped that the relief rally in the first week of 2023 would last longer and help them recoup some of the losses suffered due to the disastrous 2022.
The Sandbox Introduces the Game Maker Version 0.8 with New Features
A new version of The Sandbox Game Maker has been announced and comes with new features like lighting, multiplayer features and other visual effect upgrades. A blog post about version 0.8 of the Game Maker said that all the changes made took into account requests from the community.
The Sandbox believes “these new features will unlock multiple possibilities for creators and players alike,” because it allows creators in the metaverse ecosystem to take their experience to the next level while engaging better with players now than ever before.
(1) The Sandbox on Twitter: “Unlocking brand new possibilities in the metaverse Educate, engage, advertise, tell stories and much more! Where the only limit will be your imagination! Game Maker 0.8 – coming soon! All you need to know https://t.co/liSM56dm6D” / Twitter
This upgrade has interesting features like an enriched multiplayer gaming feature, where players will battle against one another and interact from a new perspective. The Sandbox Game Maker 0.8 update supports the idea of more socialization in the metaverse as users will, from now on, show off their wearables and equipment in social hubs.
A new lighting feature was also included in the update to ensure users have the best experiences when interacting in virtual concerts. The Sandbox team hopes this feature will see users create stronger bonds and memorable experiences.
Other features the community is set to enjoy are video/audio streaming capability and key productivity tools that support builders on the Game Maker. Some of these features are invisible and no-collision scripting, a quick access menu to the library and frequently used buttons, for example, lighting and video effects.
“The above changes and more are coming to The Sandbox in 2023. They will unlock a wide array of creativity and take us closer to creating a metaverse where the only limit is imagination,” The Sandbox team said in a blog post.
The Sandbox Price New Year Pump Deflates
The Sandbox price is in the red despite the release of a new version of the Game Maker. Investors are more focused on booking early profits than waiting for gains at a higher level. SAND bounced off support at $0.38 on January 1 in tandem with other altcoins like Solana, Litecoin and Polygon.
However, the bullish momentum started fading as soon as The Sandbox price climbed above the 100-day Exponential Moving Average (EMA) (in blue) at $0.43. The leading metaverse token tagged a weekly high at $0.44 before giving back some of the accrued gains to $0.41.
The ongoing retracement is poised to stretch further downhill, especially with SAND losing the support of the 50-day EMA (in red) at $0.417. Based on the Moving Average Convergence Divergence (MACD) indicator’s direction toward the mean line, The Sandbox might fall to retest support at $0.38. The MACD (line in blue) reinforced the bearish grip on SAND when it crossed below the signal line (in red).
The 12-hour timeframe chart upholds the pessimistic outlook for The Sandbox price. Note that the TD Sequential indicator recently flashed a sell signal in the form of a green nine candlestick which may have compelled investors to sell for a profit with the hope of buying again at a lower price.
Traders look for an ideal sell opportunity with the TD Sequential indicator when the high of candles six and seven in the count are exceeded by the high of candles eight or nine. Investors looking forward to shorting SAND may need to hold on until the MACD (line in blue) slips beneath the signal line (in red). Such a move will confirm the bearish outlook for SAND and avoid sudden bullish pullbacks.
Altcoins to Consider for Quicker Returns
The Sandbox price is back in the red barely a week since it rebounded from support at $0.38. Investors may be interested in checking out other metaverse projects, such as RobotEra. Moreover, tokens currently in the presale stage, like the ones listed below, might open the door to quicker yet significant returns.
FightOut (FGHT): Bridging the Gap Between Web2 and Web3 Audiences
Everyone deserves a chance to live a healthy, active lifestyle without paying an arm and a leg for the services of personal trainers and fancy fitness boutiques. The team behind FightOut is bringing up an M2E fitness app to help members within its ecosystem achieve their goals in line with their abilities and needs.
Apart from earning rewards for completing predetermined workouts and challenges, users will have the opportunity to grow within a vibrant community of like-minded people.
FightOut’s main goal is to eliminate the prohibitive cost of fitness seen with similar but expensive M2E projects like STEPN. The app will track every user’s progress and recommend the best routine to follow to achieve their goals.
Members of the ecosystem will grow their digital avatars as they progress in their fitness journeys. These avatars will be used in the metaverse, thus eliminating the need to buy expensive NFTs. With user-friendly technologies, FightOut will pave the way for Web2 users to transition to Web3 platforms.
FightOut’s presale is underway and has raised $2.63 million by selling 1 FGHT for 1 USDT. Investors can take advantage of a 50% bonus to buy FGHT, but only until the presale hits the $5 million mark.
RobotEra (TARO): Connecting Meteverse Worlds
Like The Sandbox, RobotEra is working toward creating a metaverse world that connects to other virtual worlds. Users who sign up on this platform will have the opportunity to own land where they can bring up other assets and offer different services.
TARO is the native token that will power the metaverse ecosystem, allowing users to carry out their in-world transactions. Some activities to look forward to in RobotEra include play-to-earn games, attending events and mining TARO.
RobotEra will give power to users to develop applications, games, gambling avenues and dynamic 3D scenes. The scripting language will be simple to use, with the ability to handle a wide range of capabilities like creating objects, making payments and encoding user interactions, among other things. RobotEra’s presale is ongoing and is selling fast.
Tamadoge is a dog-themed meme coin that revolutionizes the sector with a host of utilities and uses cases never seen before. The meme coin is built on Ethereum’s blockchain to support transactions in “Tamadoges,” a world of Tamagotchi-style virtual pets.
Players can purchase Tamadoges with TAMA or use the coins to purchase in-game items, such as clothing and accessories for their virtual pet. Moreover, users within the Tamadoge ecosystem will soon be able to access exclusive Non-Fungible Tokens (NFTs). These special bonuses allow them to level up faster and gain many more rewards while playing Tamadoge’s games.
Tamadoge is also about to release its first string of addictive arcade games. Having accomplished its presale last year with great success, the team is looking to add value to the Web3 gaming and NFT spheres through creative NFTs and captivating gaming experiences in its first four initial game releases.