SAND, the native token that powers The Sandbox’s decentralized crypto, non-fungible token (NFT) and blockchain-powered metaverse, took an absolute beating last week.
When it hit fresh lows for the year just above $0.33 per token, the crypto token had lost a stunning nearly 50% of its value in less than seven days.
Ultimately, SAND ended the week with losses of around 35% in the $0.38 area, the cryptocurrency’s worst week since January 2022.
The catalyst for the downside was the US Securities and Exchange Commission (SEC)’s classification of SAND as a security in its lawsuit against Coinbase and Binance.
If the SEC’s lawsuits are successful, SAND will face significantly higher regulations in the US, which effectively makes it likely that crypto platforms won’t want to offer the token, meaning SAND may lose demand from one of the world’s most important markets.
But technical selling also played a role in SAND’s demise.
Sell pressure last week was exacerbated by SAND finding strong resistance at a downtrend from the 2023 highs and its 200-Day Moving Average in the $0.60 area.
SAND may now fall all the way back to its June 2021 lows in the $0.15 area.
Investors looking for a better shot at near-term gains might want to consider getting a hold of some of viral new AI-powered crypto price prediction platform yPredict’s native $YPRED token, which many industry experts are predicting may be the next best performer.
Indeed, analysts at Cryptonews.com rank yPredict’s presale as one of the hottest of 2023.
yPredict (YPRED) – The Next Crypto to Explode?
A ground-breaking new AI-powered crypto trading and market intelligence platform called yPredict is building a first-of-its-kind, institutional-grade crypto price prediction system.
According to observers, the tool, which is powered by yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.
The best part, yPredict’s crypto price prediction system will remain free and open for all users to access – the price predictions will be made publicly available and require no login to see, the project’s Whitepaper explains.
But yPredict offers investors much more than just crypto price predictions.
The project is “building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features”, the start-up says in its Lite paper.
The platform’s technology was designed using state-of-art predictive models and data insights built by top 1% AI developers and quants.
Meanwhile, “the ypredict.ai marketplace will enable experts to earn recurring revenue by offering their model predictions or data research as trading signals, which traders and investors can subscribe to”.
As AI continues to make waves in the crypto industry, projects like yPredict are expected to attract significant interest and user bases.
That’s why many industry observers are tipping AI cryptos like yPredict’s native $YPRED token to be amongst the next cryptos to explode.
Visit yPredict Here
Get in on the yPredict Presale Now
To fund the development of its revolutionary AI-powered crypto trading and market intelligence platform, yPredict is running a presale of the native $YPRED token that will power its platform.
The presale is absolutely flying and just hit the massive $2.3 million milestone.
The project’s presale is in its sixth stage, with $YPRED tokens selling for $0.09.
However, there’s still plenty of upside for new investors, as the token will list across major exchanges for $0.12 later this year, for paper gains of 33%.
But the pace at which yPredict’s $YPRED token continues to fly off the shelves means that investors need to be careful not to miss out before the presale sells out.
yPredict has a presale hard cap of $6.5 million, which could be hit in a couple of weeks if the presale continues to gain pace like it has in recent days.
The 33% gains that investors who get in now can secure could pale in comparison with the upside $YPRED could enjoy in the long run.
Visit yPredict Here
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