Sandbox (SAND), one of the biggest projects in the metaverse coin market, rose more than 15% as the listing plans of the Coinbase exchange leaked.
Coinbase news carries Sandbox (SAND) price
Coinbase, one of the world’s largest cryptocurrency exchanges, announced the listing news on Twitter today. Considering that Coinbase is the largest exchange in the United States, the SAND price quickly gained double digits. The 15-minute chart below shows the SAND price rising by more than 15% after the announcement.
Coinbase diversifies its roadmap with metaverse projects
As the news broke, SAND price was $1.38 within hours during the day reached its highest level. Thus, one of the biggest metaverse projects in the market is leading the recovery. At the time of writing, the SAND price is trading at an average of $1.35. 24-hour trading volume increased more than 62% to $588 million. Thus, it compensated some of the recent losses in a short time.
Coinbase previously announced that it will list 45 different Ethereum-based ERC-20 tokens and 6 SPL tokens based on the Solana network. During the recent crash caused by Terra LUNA and UST, the metaverse coin market, like DeFi and other markets, has been hit hard. Meanwhile, Sandbox has lost more than 50% in value over the past 30 days. Sand’s final climb helps make up for some of his loss.
Other Sandbox news
With a market cap of approximately $1.6 billion, Sandbox is the third largest metaverse coin according to CoinMarketCap. As we reported on Cryptokoin.com , the Sandbox ecosystem plans to migrate to Polygon Matic (OxPolygon) to be cheaper, greener and more energy efficient. It also announced that it has acquired Cualit, a technology company. As a result, the project continues to take steps towards Web3 integration and metaverse expansion.
Meanwhile, the market cap of gaming-related cryptocurrencies increased by more than 9% the previous day. Its total market cap is currently $13.6 billion. The biggest gaming tokens such as Decentraland (MANA), ApeCoin (APE) and Axie Infinity (AXS) were in the top 10 most bought by whales in the last 24 hours.
