![Assessing the odds of The Sandbox [SAND] falling below $1 mark](https://i.headtopics.com/images/2022/7/3/cryptoamb/assessing-the-odds-of-the-sandbox-sand-falling-below-1-mark-1543377234114772992.webp)
Assessing the odds of TheSandbox [SAND] falling below $1 mark
had a run-in with the bears and terrified a lot of its investors after it lost the critical and psychological support level of $1. But fortunately, with the market backing the altcoin, SAND managed to reclaim it. Regardless of its reclaim, it looks like the altcoin is once again being threatened.Trading slightly above $1 became the new support level for SAND. After the 60% rally, it managed to invalidate the June crash and was trading at $1.3.
Along with this, the expanding demand for the Metaverse is also expected to play a significant role in keeping investors optimistic. Recently The Sandbox was deployed on the Polygon network in an effort to take advantage of the blockchain’s faster transaction speed and lesser gas fees.