One of the best-performing tokens thus far in 2023, metaverse cryptocurrency The Sandbox (CRYPTO: SAND), has surged 95% since the beginning of the year. Although this token is down 5.1% over the past 24 hours as of 12:20 p.m. ET, investors who have stuck with this potential high-growth crypto have been well rewarded thus far.

Significant interest among The Sandbox's value as a digital real estate play has certainly provided plenty of upside momentum during risk-on rallies. Recent catalysts such as partnerships with The Sandbox and other Web3 development entities such as NFT Group have also contributed to positive sentiment around this token from growth investors.

That said, it's also clear that this is a high-growth space that continues to provide significant volatility, and should be treated as such by investors. 

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Source Fool.com