The Sandbox (CRYPTO: SAND) topped $8 last fall when cryptocurrency markets were soaring. The total value of the market had reached more than $3 trillion in November. It's since declined to about $1.3 trillion, according to Statista. The Sandbox likely benefited somewhat from the general market momentum -- and today, trading for less than $2, it is suffering along with the market too.
But Sandbox-specific reasons also drove the cryptocurrency's initial gains. And those reasons remain valid today. Could they push The Sandbox back to its peak of more than $8? Let's find out.
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Source Fool.com