SAND jumped by more than 50% in a single day; the price is still below seven cents; trading volume is nearly nine million; and its market cap is just over 200 million. It’s the token of Sandbox, the older Metaverse project from the previous cycle’s boom—it was popular, then it lay dormant for years.
This kind of oversold old coin gets ignited by capital with this temperament: the float is small, and sell pressure is low. Once it’s pulled up, it rises fast and hard. I chased this kind of breakout once before—by the next day, I was buried in it. When the volume dries up, there’s no counterparty to run to.
This kind of oversold old coin gets ignited by capital with this temperament: the float is small, and sell pressure is low. Once it’s pulled up, it rises fast and hard. I chased this kind of breakout once before—by the next day, I was buried in it. When the volume dries up, there’s no counterparty to run to.
