The Sandbox

The bleeding market: The Sandbox loses 8% between February 9 and February 15 as the selling pressure grows.

The behavior of The Sandbox last week was characterized by the occurrence of downswings. The situation on the SAND market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The situation on the The Sandbox market allows us to characterise its volatility as mild. Our comprehensive data indicates that the price change of SAND has been moderate on the back of the average volatility of 10% for the given time period. The most significant volatility occurred on February 9 and reached 9.65%. 0.14% was the rock bottom for the asset's volatility that was reached on February 13. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

The price of SAND took a 8% down downswing at the open of the weekly trading period. The market sentiment on February 10 stayed as the coin obtained another 1%. During the following trading period on February 11, the price of The Sandbox oscillated between the low at $0.73 and the high at $0.75, while the price moved down by 1%. On February 12, the value of SAND was in the range, with the market remaining flat. After the open at $0.74, The Sandbox moved during February 13 in the range between the said open and the close at $0.67, having posted the 24H low at $0.66 and the 24H high at $0.74. While the 24H high and low on February 14 were at $0.72 and $0.66, respectively, the crypto coin had been traded in the area between the open at $0.68 and the close at $0.72. The coin's market saw no changes on February 15, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.66 while buyers managed to push the price up to the weekly high at $0.85. As a result of price action within the designated time period, the price movement range on the The Sandbox market was established at $0.06 or 8% between the weekly low and the weekly high.

The past 7 days were marked by a change in average daily trading volume from $783 505 692 on February 9 to $284 845 763 on February 15. We can draw the comparison with the period of 7 days that preceded the reviewed one when SAND ’s trading volume varied from $151 500 863 to $604 060 736. Percentage-wise, the trading volume of the asset changed by 21%, in comparison to the previous period, while its price experienced a 8% adjustment.

The past week saw the market capitalization of The Sandbox making a shift from $1 505 079 504 on February 9 to $1 266 806 997 on February 15, the peak for the analyzed period. The percentage change in the total market capitalization of SAND amounted to 16%. The said 16% percentage change in market capitalization of the coin was accompanied by the 8% fluctuation in the price of the underlying asset. The comparison with the The Sandbox market capitalization seen during the time period February 2 - February 8 that occurred before the observed one, which changed by 32%, from $1 219 149 217 to $1 607 358 081, allows us to get a clearer understanding of current market conditions.

Thu 09Sat 11Mon 13Wed 15Thu 09Sat 11Mon 13Wed 150.660.680.700.720.740.760.780.660.680.700.720.740.760.78
Article date: February 15 | February 9 - 15

Market reviews for similar coins for February 9 - 15