🚀 The Sandbox metaverse platform's SAND token has surged more than 40% over the past month, pushing its price to $0.61, its last price in April this year. SAND is one of the popular GameFi tokens that gained traction during the 2020-2021 pandemic, providing an alternative source of income for people during social distancing.

📉 However, the value of GameFi tokens has plummeted as the overall crypto industry has been in a recession since late 2021. But these tokens may be resurgent as the latest data shows that SAND is in a "depression" phase.

🔍 According to on-chain analyst Ali Martinez, this is a pivotal point in the normal market sentiment cycle. Therefore, this phase may indicate an opportune time when the market may be preparing for a potential growth momentum.

📈 Martinez said that SAND’s upside opportunity lies at $0.55, which the price has already broken. With a clear path ahead and no major resistance, SAND could aim for higher prices. The next resistance barrier lies between $0.90 and $1.35, where 23,000 addresses collectively hold 447 million SAND.

🌐 This comes in line with The Sandbox’s expansion plans. As revealed last week, the metaverse platform plans to make India its largest market in the next two years.